Twiga Foods to expand operations into Nyanza and Rift valley
Twiga Foods employees/ Twiga.com NAIROBI Kenya, Dec 8- Twiga Foods has expanded its operations in the country after raising Sh5.56 billion from a group of international Private Equity firms. The agritech company runs a mobile-based B2B food supply platform that supplies fresh fruits and vegetables sourced from farmers in rural Kenya to small- and medium-sized […]
Kenya Power shareholders green light asset seizure in war on graft
Kenya Power shareholders have agreed to have fraudulent employees’ assets seized in the company’s ongoing war on graft. During the firm’s Annual General Meeting on Friday 2, 2021, 99 percent of attending shareholders endorsed legal action and seizure of assets of those found to have been involved in fraudulent deals. “That the board of directors […]
Two Purma Holdings Limited directors face jail term over Sh2.2 billion tax evasion case
Times Tower building in Nairobi, Kenya/ Courtesy NAIROBI Kenya, Dec 7- A warrant of arrest has been issued against two directors at Purma Holdings Limited having failed to appear before court to answer to charges over unpaid taxes valued at Sh2.2 billion. The order was issued by the Chief Magistrate at the Anti-corruption Court, Hon. […]
Naivas owners in feud over Sh6 billion sale
Naivas Supermarket in Ngong Township/Courtesy NAIROBI, Kenya Dec 6- Naivas Supermarkets is currently in a fresh family battle over ownership of the giant retail chain including proceeds from the sale of 30 percent stake for Sh6 billion. Newton Kagiri Mukuha- the eldest of the three brothers has renewed his fight over the giant retailer in […]
KCB Group calls off plans to acquire Tanzanian Bank
KCB Group CEO Joshua Oigara (right) Chairman Andrew Kairu (centre) and Group CFO Lawrence Kimathi during the release of the full-year result/ Courtesy. NAIROBI, Kenya Nov 2- KCB Group Plc has pulled out of the bid to acquire African Banking Corporation Tanzania Limited (BancABC), a commercial bank domiciled in Tanzania. This follows failure to receive […]
Central Bank retains base lending rate at 7.0%
Central Bank of Kenya Governor Dr. Patrick Njoroge during a press briefing in Nairobi, Kenya/ CBK. NAIROBI, Kenya Nov 2- The Central Bank of Kenya has retained the base lending rate at seven percent for the 11th time in a row. In November 2019, CBK lowered the base lending rate by 50 basis points to […]
Attorney General to reveal faces behind state tenders
Attorney General (AG) Kihara Kariuki/ Facebook NAIROBI Kenya, Nov 2- The government has increased efforts to amend the Beneficial Ownership regulation, which will reveal secret owners of companies involved in government tenders and private-public partnerships without seeking a court order. The proposed regulation will allow the state to reveal individuals hiding behind the corporate veil […]
Nominated Senator Issac Mwaura Readmitted to the Senate
Nominated senator Isaac Mwaura/ Twitter NAIROBI, Kenya, Dec 2 – Nominated Senator Isaac Mwaura has been readmitted to the Senate following a High Court ruling that nullified his expulsion from the Jubilee Party. Senate Speaker Kenneth Lusaka in his Communication to the Senate stated that he was obligated by the court decision. Last week, Justice […]
Rwanda, Burundi advocates to work in Kenya in proposed law
Advocates of the High Court of Kenya/ judiciary.go.ke NAIROBI, Kenya Dec 1- Advocates based in Rwanda and Burundi may start practicing in Kenya if proposed changes to the Advocates Act are implemented. The proposed amendments, which are in line with the spirit of the East African Community (EAC), are aimed at providing a level playing […]
Nairobi Legal Awards: Who were the stars of the night?
NAIROBI Kenya, Nov 29- The 2021 edition of the Nairobi Legal Awards was a pompous affair which took place on Friday November 26, 2021 at The Movenpick Hotel. This year’s edition of the awards dubbed “The Phoenix Edition” was aimed at signifying the rebirth of Kenya’s legal space following the devastating impact of the Covid-19 […]
