In a groundbreaking decision that could potentially reshape the telecommunications industry in Kenya, the High Court recently ruled against Safaricom PLC, the country’s leading mobile network operator (MNO). The court upheld the decision by Hon. Velnah Mochache, the Adjudicator of the Milimani Small Claims Court, which held Safaricom fully responsible for the unauthorized withdrawal of […]
A group of Italian investors in Malindi, who claim to have lost their investments worth billions of shillings to fraudsters, have asked President William Ruto to intervene. The investors are calling on the President to protect the investors and their properties valued at over Sh90 billion. “Our plea to the President is to make investors […]
The business empire of the family of former Mombasa governor Hassan Joho has come under threat following the cancellation of leases and contracts worth billions of shillings linked to the port of Mombasa in what is being termed as the state raid. The family business empire has also been faced by audit queries on how […]
The Directorate of Criminal Investigations (DCI) officers from the banking fraud unit have arrested Yogesh Pattni the CEO of Victoria Commercial Bank over what multiple sources attribute to money laundering allegations. Victoria Commercial Bank CEO Yogesh Pattni. The arrest of Pattni comes just a day after Sugar Baron Jaswant Rai was abducted and released by […]
Oil rich Azerbaijan will host the next conference of the parties in 2024, after days of marathon lobbying by the Eastern European nation. The country managed to wither strong competition from Armenia, which was also bidding to host the 2024 round of the climate talks. The development comes amid a stiff stalemate at the ongoing […]
National carrier Kenya Airways (KQ) has announced a two week flight interruption. In a statement on Friday, the carrier explained that some of its planes might remain grounded during the festive season owing to challenges in acquiring aircraft spare parts. KQ Group Managing Director and CEO Allan Kilavuka said the airline would extend grounding time […]
Twelve local education technology startups have secured Ksh 15.3 million each to fine-tune their solutions and scale them to improve learning outcomes in Kenya. Through the Edtech Fellowship Programme by MasterCard Foundation and iHub, a local incubator, the solutions target to equip learners with relevant and quality education through the use of technology. During a […]
Two insurance firms operating in Kenya have been prohibited from issuing new insurance contracts with immediate effect. The Insurance Regulatory Authority (IRA) has directed policyholders with covers offered by the two firms, Xplico Insurance Company Limited and Invesco Assurance Company Limited in Liquidation to seek alternative covers from licensed insurers. IRA placed Xplico Insurance Company […]
At least 250,000 young people in Uganda are expected to join the country’s agribusiness labour market in a $48 million (Ksh 7.3b) project by private financiers. The Stimulating Agriculture for Youth Employment (SAYE) will target sectors with low entry barriers for young people and high market potential, aiming to boost local income opportunities. “Our goal […]
The agriculture ministry through the Tea Board of Kenya has developed a concept note that will attract value addition to tea stakeholders across the global market. Agriculture and Livestock Development Cabinet Secretary Mithika Linturi has said the concept note which has received approval from the National Treasury will offer tax tariffs on tea purchased from […]
West Valley Sugar Company has commenced sugar milling operations in Kericho County with a daily milling capacity of 1,250 tonnes. The Ksh 2.8 billion Kericho County-based factory which is a subsidiary of Kipchimchim Group, said it targets to source sugarcane from farmers in targeting cane farmers from Kericho, Nandi and Nyando regions. Kipchimchim Group Managing […]
