Renowned Kenyan lawyer Ahmednasir Abdullahi has stepped forward to offer mediation services in the ongoing legal troubles of Joseph Kairo Wambui, popularly known as Khalif Kairo, a young entrepreneur in the second-hand car business. In a statement issued on social media platform X, Ahmednasir expressed his surprise and disappointment at those celebrating Kairo’s recent legal […]
NAIROBI – In a significant policy shift, Kenya is drafting legislation to legalize cryptocurrencies, announced by Treasury Cabinet Secretary John Mbadi on Friday. This move acknowledges the widespread, albeit underground, use of digital currencies despite previous bans. Mbadi highlighted Kenya’s role as a financial innovation leader in Africa, pointing out, “Kenya’s financial sector is a […]
Nairobi, Kenya – January 12, 2025 – Khalif Kairo, the flamboyant Nairobi-based car dealer known for his social media presence and controversial business dealings, has been arrested again on allegations of fraud. This latest arrest comes on the heels of multiple complaints from clients who claim Kairo failed to deliver vehicles after receiving payment. Kairo, […]
Nairobi, January 11, 2025– In a strategic shift aimed at enhancing transparency, the Central Bank of Kenya (CBK) has opened a prequalification process for a multimillion-shilling tender to mint new coins. This move follows criticism over past procurement practices, particularly the secretive awarding of a $109.42 million (Sh15 billion) contract for banknotes to the German […]
Nairobi, Kenya – December 27, 2024 SonySugar, the state-run sugar company that had been on a remarkable recovery trajectory, is now facing a significant downturn, with allegations of mismanagement leveled against its new Managing Director (MD), Martine Dima. The company, which saw its gross revenue jump from Sh400 million in 2019 to Sh5.132 billion in […]
Nairobi, December 26, 2024 – Nandi Senator Samson Cherargei has publicly questioned Safaricom’s possible involvement in the ongoing series of abductions in Kenya. On his X page, Cherargei pointed to a pattern where those abducted were predominantly Safaricom subscribers, suggesting a potential privacy and data breach. “Now that the police have confirmed that they are […]
Telecommunications giant Safaricom is under fire following allegations of using intimidation tactics against Nation Media Group (NMG) in the wake of an investigative story published on October 29. The story accused the company of collaborating with State security agencies to conduct widespread surveillance on Kenyans, granting them virtually unlimited access to customer data. This alleged […]
In Kenya, a nation grappling with economic challenges, tax evasion by large corporations has become a critical issue exacerbating the fiscal strain on the government. This practice not only deprives the state of much-needed revenue but also distorts competition, undermines investment in public services, and deepens economic disparities. A notable example is the case of […]
Amsons Group, a leading pan-African manufacturing and energy conglomerate, has closed the takeover offer of Bamburi Cement Plc. In a regulatory notice published by Amsons Group, through its Kenyan subsidiary and investment vehicle, Amsons Industries (K) Ltd, secured 96.54%acceptances from Bamburi shareholders. Amsons Group Managing Director, Mr Edha Nahdi, expressed the company’s commitment to a […]
Shipping a car can feel like an overwhelming task, but a car shipping calculator makes it easier. Whether you’re relocating, buying a car online, or just need to move your vehicle, this tool simplifies the process and helps you plan your budget. But what exactly is a car shipping calculator, and how does it work? […]
The Kenya Ports Authority (KPA) has reported increased vessels docking at the Port of Mombasa, driven by the festive season and the peak cashew nut export period at the neighboring Port of Mtwara in Tanzania. The Port of Mombasa is scheduled to handle 41 vessels in the two weeks before December 28, 2024, and the […]
The financial world depends on trust, transparency, and reliable partnerships. When an organization claims to offer unparalleled financial opportunities, traders naturally expect honesty and accountability. Yet, in the digital marketplace, some entities manipulate this trust for personal gain. A concerning example is Trade Union, a fraudulent entity that preys on unsuspecting traders by exploiting the […]
