February 23, 2025
Nairobi, Kenya

Business

Business

Ex-KEPSA chair Nesbitt charged in ksh 102m fraud case, drags Bidco CEO Shah to court

Cyprian Nyakundi recently shared on his X handle that Nicholas Nesbitt, the former Chairperson of the Kenya Private Sector Alliance (KEPSA), has been formally charged with defrauding Vimal Shah, the CEO of Bidco Africa, of Ksh 102 million. This case revolves around a foreign exchange transaction deal that has raised attention due to the high-profile

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Business

Frustrated Kenyan exposes Kenya Airways’ extortion over flight mishap

Kenya Airways has once again found itself in the spotlight for all the wrong reasons after a frustrated customer, Ken Bonyo, exposed their dishonest practices. Bonyo shared his ordeal on X, revealing how the airline unfairly canceled his return ticket and attempted to extort more money from him. He had booked a round-trip ticket to

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Business News

Khalif Kairo in the dock again for another Ksh. 3M undelivered car deal

Joseph Kairu Wambui, popularly known as Khalif Kairo, a well-known second-hand vehicle dealer, found himself in court once again on Wednesday, January 29, 2025, facing serious allegations of fraud, this is according to the post shared on X by Nyakundi. This time, the case involves a sum of Ksh 3,045,000, which he is accused of

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Business

Sex scandal rocks NCBA Bank as executives accused of betrayal and misconduct

Sex scandals have recently rocked NCBA Bank, a prominent financial institution in Kenya, stirring controversy and raising serious concerns about the conduct of its senior executives. According to journalist Abuga Makori, who exposed the matter on his X handle, the scandal involves two top executives and a woman, who is married to one of the

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Business

Counties to gain power over Boda Bodas as new bill proposes sh20,000 fines

A new bill has been proposed to give counties more authority over boda boda operations. This includes registering riders, ensuring safety, and managing routes. If the bill becomes law, those who break the rules could be fined up to Sh20,000. Boda bodas are motorcycle taxis that many people in Kenya use daily. They are important

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Business

NCBA CEO John Gachora defended tax waiver amid serious allegations of political influence

In November 2024, former Law Society of Kenya President Nelson Havi made serious allegations against NCBA Bank, accusing it of privacy breaches and political witch-hunting. Havi claimed that the bank unlawfully accessed his account information at the request of former President Uhuru Kenyatta. According to Havi, this breach of privacy was part of a broader

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Business

NCBA bank scandal: How lax oversight allowed kSh 47 million to vanish

NCBA Bank is currently embroiled in a damaging scandal that has brought its reputation into question. Philip Kiprono Rotich, an assistant operations manager at the bank’s Kisii branch, stands accused of embezzling a staggering KSh 47 million from customer accounts. The alleged fraudulent activities took place over a period stretching from November 2023 to October

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Business

KCB Bank linked to South Sudan money laundering by Nelson Amenya, Nazir Jinnah

Nelson Amenya, a renowned Kenyan whistleblower, has exposed allegations involving KCB Bank and its alleged role in laundering KES 69 billion from South Sudan through the accounts of EnglishPoint Marina. These revelations have intensified scrutiny on the financial operations of both the bank and the luxury establishment. EnglishPoint Marina, a prestigious property situated by Mombasa

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Business

Kenya’s economic woes deepen as Ruto tops global leader salary rankings

President William Ruto’s salary has sparked widespread criticism due to its stark disparity compared to Kenya’s economic reality. In 2023, Ruto’s annual salary was a staggering 1,993% higher than Kenya’s GDP per capita, making it the highest in the world in terms of a leader’s income as a share of the national average. This figure

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Business

How KCB bank sacco officials allegedly pocketed 29 million in a shady share deal

KCB Bank Sacco is facing serious accusations involving a scandal worth 29 million Kenyan shillings. Reports suggest that senior officials sold shares held at Cooperative Bank to Nation Sacco Ltd for this amount, bypassing required procedures. It is alleged that the proceeds were divided among four officials. One of them reportedly used 5.1 million shillings

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