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
Recent investigations have revealed a growing international trade in stolen smartphones, with London emerging as one of the major source points. According to findings from the Metropolitan Police, about three-quarters of mobile phones stolen in the British capital eventually leave the country. The scale of the operation was made clear when British police disrupted a
The latest report from Auditor General Nancy Gathungu has caused unease across the financial sector after exposing massive irregularities in the Human Resources department of the Central Bank of Kenya (CBK). The audit findings have drawn public attention to how poorly managed HR practices within one of the country’s most important financial institutions could potentially
Safaricom is once again facing serious questions about how it manages customer money after new claims emerged suggesting that its systems may have been compromised. Leah Awiti-Omil, a well-known career coach and entrepreneur, has brought to light disturbing details that paint a worrying picture of how the company has allegedly failed to protect users from
A borrower has come forward with disturbing claims against Momentum Credit, accusing the company of unfair loan repayment practices that have left him financially drained despite years of consistent payments. The individual, speaking to Cyprian Is Nyakundi, shared that he borrowed Ksh 205,000 from Momentum Credit in 2020 but has been subjected to a repayment
Many Kenyans are now facing an uncertain future following a new development that could see hundreds lose their jobs in the coming months. This follows the announcement that 140 companies are set to be removed from the official Register of Companies after the issuance of a dissolution notice by the Registrar of Companies. The announcement
The recent ruling by the Environment and Land Court in Kisumu has stirred both relief and concern across the region after the court declared that the Kibos area, home to several major factories, is not an officially designated industrial zone. This means all ongoing industrial activities in the area have been declared illegal, sending shockwaves
The recent events in Ruiru have opened a painful wound for many hardworking boda boda riders who now feel betrayed by a system they once trusted. What began as isolated cases of missing motorbikes has exposed what riders believe to be a disturbing pattern involving Jijenge Uwezo Limited, a loan company accused of colluding with