Prisons Department Splashed Ksh 3Mn Annually on Commissioner's House Rent
The State Department of Correctional Services is on the spot for the irregular leasing of a residential house to the immediate former Commissioner General of Prisons. “However, the Commissioner General’s [...]
Kenya Raises US$1.5 Bn in New Eurobond to Refinance Debt
Kenya raised US$1.5 billion from international investors through an 11-year Eurobond to refinance its external debt including the US$900 million Eurobond due in 2027, with an instalment due in May [...]Business Daily’s Misrepresentation of NSE Commodities Data Could Mislead Investors
The Business Daily newspaper has been running the same commodity and NSE market graphs for over six months, inaccurately depicting the prices of commodities such as gold and tea and [...]Auditor Flags Payslip Breaches in State House, State Departments
Thousands of public sector employees, including in the President's office, State House and other key government departments, are operating on tight budgets as their payslips are less than one-third of [...]Bamburi Cement Shares Suspended after Amsons Takeover
Trading of Bamburi Cement shares at the Nairobi Securities Exchange (NSE) has been suspended, 55 years after the cement manufacturer was listed on the bourse. “The trading of Bamburi shares [...]Auditor-General to Probe eCitizen's Loopholes in Special Audit
The Office of the Auditor General has launched a special audit on the eCitizen platform to establish the accuracy of data processed through the system, and the lack of valid [...]Hustler Fund Repayment Crisis as Defaults Hit 64%
The Hustler Fund, which is a government-backed lending program aimed at empowering small businesses and individuals, is facing a major repayment crisis as 64% of the Fund’s total loan portfolio—equivalent [...]Parliament Mulls Corporation to Oversee Kenya's Gold Resources
Parliament is considering a bill that seeks to streamline gold business in Kenya, and includes a proposal to establish gold processing corporation to oversee the industry. Sponsor of the Bill, [...]Court Orders Return of KSh 36mn in Resolution Insurance's Liquidation
The High Court has ruled that the Policyholders Compensation Fund (PCF) must return Kshs. 36 million to the estate of Resolution Insurance, after determining that the withdrawals made from the [...]Fund Managers, CAIA Associations Sign Strategic Partnership
The Fund Managers Association (FMA) Kenya and the Chartered Alternative Investment Analyst (CAIA) Association have signed a partnership to enhance the professional development of employees of FMA member firms. This [...]
Airtel Wins KSh 11 mn Tax Dispute After KRA Procedural Lapse
The Tax Appeals Tribunal has sided with Airtel Networks Kenya Ltd. in a customs valuation dispute with the Kenya Revenue Authority (KRA), effectively saving the telco over Ksh 11 million [...]Kenya Launches US$900 million Eurobond Buyback
Kenya has launched a buyback offer for its US$900 million Eurobond due in May 2027, as revealed in a regulatory filing on Monday. “The Republic is making the Offer, in [...]
