January 22, 2025
Nairobi, Kenya

Business

Business

China square expands kenyan footprint with kSh 900 million investment in Two Rivers and Greenspan Malls

China Square, a rapidly expanding retail chain specializing in personal and household merchandise, has increased its presence in Kenya by investing KSh 600 million in a new outlet at Two Rivers Mall and KSh 300 million in Greenspan Mall. These strategic investments bring the total number of China Square branches in Kenya to six, underscoring

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Business

Sakaja’s strict CBD hawking ban draws criticism for ignoring informal traders’ livelihoods

In Nairobi, hawkers have expressed strong opposition to Governor Johnson Sakaja’s recent directive prohibiting their activities on the main streets of the Central Business District (CBD). The Hawkers Association has announced plans to stage protests against this decision, arguing that it threatens their livelihoods and disregards their economic contributions. Governor Sakaja’s directive, effective from January

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Business Featured

Fraud and broken promises: Khalif Kairo exposed as victims lose millions in sour car deals

A shocking incident has left a car buyer reeling after their vehicle was repossessed from their workplace, following a sour deal with Nairobi-based car dealer Khalif Kairo. Known for his flashy lifestyle and luxury car business, Kairo has recently come under fire for multiple allegations of fraud. More buyers are now coming forward with claims

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Business

M-Pesa trust shattered as Safaricom CEO Peter Ndegwa faces backlash over mishandling fraud cases and ksh 400,000 loss

Safaricom faces intense criticism as claims of mishandling customer issues and neglect continue to emerge, causing widespread dissatisfaction among Kenyans. One notable case involves Festus Kasyoka Mbuva, a resident of Lowell, Massachusetts, who allegedly lost Ksh 400,000 to fraudsters John Kariuki and Beatrice Gaitho. Despite highlighting this incident on social media, Mbuva’s post was reportedly

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Business

French diplomats Ricard Magaly and Luc Camilleri exposed for allegedly dodging $3,000 payment to Hellen Njeri Nderu

A French diplomat working at the French Embassy in Nairobi, alongside his partner, has been accused of failing to honor an agreement with a local real estate agent. Hellen Njeri Nderu, the agent, claims she was approached on Facebook by a French couple, Luc Camilleri and Ricard Magaly, seeking help in finding a rental house

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Business

KRA overburdens Kenyans with more taxes while enabling foreign firms like Tecno evade over 400 billion in taxes

The Kenya Revenue Authority (KRA) has been under heavy scrutiny for its treatment of taxpayers. While Kenyan businesses struggle under the weight of aggressive tax collection, foreign companies, particularly Chinese ones like Tecno, appear to evade taxes with little consequence. This double standard raises serious concerns about the fairness and transparency of Kenya’s tax system.

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Business

Revealed: how KCB sells customer data to loan apps without consent

Kenya Commercial Bank (KCB) is one of the largest banks in Kenya, serving millions of customers with various financial services. Recently, a TikTok user named Dr. Pangolin posted a video expressing serious concerns about KCB’s handling of customer accounts. In the video, he claims that KCB allows third parties to access customers’ accounts without proper

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Business

Cost of living set to rise as KRA imposes steep taxes on imports and services

The Kenya Revenue Authority (KRA) has implemented new excise duties as per the Tax Laws (Amendment) Act, 2024, effective December 27, 2024. These changes introduce taxes on various goods and services, impacting both consumers and businesses. A 15% excise duty now applies to online advertisements and services related to alcoholic beverages, betting, gaming, lotteries, and

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Business News

Gov’t Releases Ksh.1.75 Billion To Kenya’s Medical Practitioners

The Ministry of Health (MoH) has acknowledged the transfer of Ksh.1.75 billion to cover doctors’ and medical interns’ wages and allowances earned since 2016. According to Public Health Principal Secretary Mary Muthoni, the government has begun paying doctors’ salary arrears, which have amassed to Ksh.3.5 billion since 2016. Speaking in Gichugu, Kirinyaga County, on Saturday,

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Business Politics

“You Will Receive Greater Loans” President William Ruto Tells Hustle Fund Defaulters

President William Ruto stated that four million Kenyans who have not repaid Hustler Funds loans have the opportunity to triple their limit if they clear outstanding balances. Speaking at a Town Hall meeting at Nairobi’s Kenyatta International Convention Centre, Ruto stated that the four million borrowers owe money or have not paid on time. “If

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