Mobile money services have transformed the way financial transactions are done in Kenya. Since last year, more than 87% of adults in Kenya are now using mobile money. This development is also marking changes in various areas such as forex trading. Kenya is known globally for its adoption of mobile money, with M-Pesa serving as […]
Kenyan fintech giant faces constitutional challenge over allegedly discriminatory employee shareholding scheme that favored white staff while sidelining African workers A damning constitutional petition filed against M-Kopa Holdings has exposed what appears to be a systematic pattern of racial discrimination embedded within the company’s employee shareholding structure, raising serious questions about equity practices at one […]
KEBS Rejects 12,000-Tonne LPG Shipment Over Missing Safety Chemical Kilifi County – Kenya’s regulatory authorities have blocked the distribution of a massive cooking gas shipment imported by Lake Gas Limited, a company owned by Tanzanian billionaire Ally Awadh, after discovering critical safety deficiencies that could have exposed consumers to deadly risks. The Kenya Bureau of […]
Investment bank faces perfect storm of debt crisis, partnership disputes, and mass investor exodus Genghis Capital, once a rising star in Kenya’s investment banking sector, has suffered a catastrophic blow with its unit trusts hemorrhaging Sh628.5 million in assets during the first quarter of 2025, according to regulatory filings reviewed by this publication. The Nairobi-based […]
Kenya faces enhanced due diligence requirements for EU financial transactions as commission cites persistent deficiencies in anti-money laundering framework The European Commission has escalated pressure on Kenya’s financial sector by adding the East African nation to its high-risk countries list for money laundering and terrorism financing deficiencies, a move that will subject Kenyan entities to […]
Lender faces double blow as Court of Appeal upholds damages award while midnight fraud cases surge among millennials Stanbic Bank Kenya is grappling with a costly legal defeat and rising fraud incidents, highlighting the evolving challenges facing the banking sector in an increasingly digital landscape. The Court of Appeal has upheld a Sh32.4 million damages […]
High Court issues conservatory orders against 2023 executive order, citing constitutional violations and separation of powers concerns The High Court in Nairobi has delivered a significant blow to President William Ruto’s administration by suspending the implementation of Executive Order No. 2 of 2023, which sought to transfer custody of Kenya’s Public Seal from the Attorney […]
NAIROBI, Kenya – June 13 – The National Police Service is under renewed fire after a woman suffered a miscarriage while in police custody at Rwanyambo Police Post in Nyandarua County, an incident that has intensified public outrage over police abuse in Kenya. Police confirmed the miscarriage on Thursday evening, describing it as “unfortunate,” and […]
A police constable attached to the Nairobi Central Police Station has been arrested in connection to the brutal murder of teacher-cum-blogger Albert Ojwang. Constable James Mukhwana, a former Administration Police Service officer, was arrested by detectives from the Independent Policing Oversight Authority (IPOA) and the Internal Affairs Unit (IAU) after preliminary investigations linked him to […]
Residents of Bungoma County have taken to social media to question how Kimilili Member of Parliament Didmus Barasa could effectively lead if elected governor, citing ongoing fraud allegations that they say pose a serious risk to the county’s finances. Some residents have even urged National Assembly Speaker Moses Wetang’ula to reconsider supporting Barasa’s gubernatorial bid, […]
NAIROBI, Kenya Jun 12 – The Independent Policing Oversight Authority (IPOA) has announced that all individuals linked to the arrest, transfer, and detention of the late Albert Ojwang, including Deputy Inspector General of Police Eliud Lagat will record statements as investigations into his death in police custody intensify. Speaking before the National Assembly’s National Security […]
Protesters torch vehicles, vandalize infrastructure as calls for Deputy IG’s resignation escalate NAIROBI, Kenya – Protests demanding justice for slain teacher and blogger Albert Ojwang turned violent in Nairobi’s Central Business District on Thursday, with demonstrators torching at least two vehicles and vandalizing public infrastructure as they called for the resignation of Deputy Inspector General […]
