A legal battle over a stalled electricity transmission project has taken a new turn after the High Court stepped in to stop any further financial action linked to the deal. The court has issued conservatory orders halting all payments and decisions connected to the project amid claims that public money was at risk despite no
The latest developments around the sale of a 15 percent stake in Safaricom have drawn a lot of attention, mainly because of the large fees expected to be paid to the advisers involved. Instead of focusing only on the sale itself, many observers are now looking at how much money investment bankers and lawyers stand
A long-running disagreement between KISCOL and the government has finally been settled in court after years of delays, interruptions and financial losses. The company had faced many challenges in trying to develop its sugar project, and these challenges kept growing as different government actions and omissions made it difficult for the investor to use the
Kiharu Member of Parliament Ndindi Nyoro sold 3.08 million shares of Kenya Power with a current market value of Sh37.8 million in the six months to June 2025, booking part of his profitable investment in the electricity distributor. The sale reduced his holdings to 26.9 million at the end of June this year compared to
The wider concern around Platinum Credit goes far beyond a single complaint, and many Kenyans have increasingly questioned how the company handles people’s personal information. For years, stories have surfaced about lenders using phone numbers, contact lists, and other private details in ways that customers never agreed to. This latest case adds to those concerns,
The Competition Authority of Kenya (CAK) has fined Directline Assurance Company KSh 85 million. The penalty comes after the insurer was found misusing its buyer power against two Nairobi garages. The garages provide services such as panel beating, spray painting and mechanical repairs. They were contracted by Directline in 2023 and 2024 to fix vehicles
Kenyans have been trying to understand the real state of the country’s economy, and the comments made by Kiharu Member of Parliament Ndindi Nyoro have added a new layer to that discussion. He raised serious concerns about the figures President William Ruto has been using in his recent speeches, saying that the numbers do not
Kenya is entering a difficult financial period as the government pushes forward with a major plan to raise Ksh1.02 trillion at a time when the global economy is strained and credit conditions are becoming tougher. The country is trying to secure both external and domestic funds, with Ksh241.8 billion expected from foreign sources and Ksh775.8
A long-running business battle has once again surfaced in Kenya’s mining sector, this time involving powerful local tycoons and Chinese investors fighting over control of the lucrative coal fields in Kitui. At the centre of the dispute is the Mui Basin, an area believed to hold coal worth more than Sh3.9 trillion. For years, the
Kenyans are waking up to growing uncertainty as fresh details from the Registrar of Companies reveal a wave of business closures that could wipe out thousands of jobs across the country. The new information paints a worrying picture for many families who depend on these companies for their livelihoods, especially at a time when the