LSK Backs Two High Court Judges Under Fire Over Bribery Allegations
Justices Aggerey Muchelule and Said Chitembwe/ FILE NAIROBI, Kenya Feb 15- The Law Society of Kenya (LSK) has supported a petition blocking the arrest and charging of two High Court judges over allegations of bribery. LSK said that searches conducted by police on July 22, 2021, on justices Aggerey Muchelule and Said Chitembwe were a […]
Vodacom ordered to pay Please Call Me inventor
Vodacom headquarters in South Africa/ Vodacom NAIROBI, Kenya Feb 14- The inventor of the ‘Please Call Me’ (PCM) mobile function is set to receive a huge lumpsum of cash following a court order by the Gauteng High Court in South Africa. Telco giant Vodacom which owns a 35 percent stake in Safaricom Plc was ordered […]
Branch gets Treasury Greenlight to Acquire 85% Century Bank Stake
Branch App/ branch.co NAIROBI, Kenya Feb 8- Branch International can now move forward with its plans to acquire Century Microfinance Bank after receiving the greenlight from National Treasury. This after the National Treasury exempted the digital lender from a law limiting individual shareholding in microfinance to 25 percent. In a gazette notice signed by the […]
Case to Block the Communication Authority’s Mobile Tariff Cuts Begins
The Communications Authority of Kenya headquarters in Nairobi/ Courtesy. NAIROBI, Kenya Feb 3- The Communications and Multimedia Appeals Tribunal is set to start hearing a petition by Safaricom against the Communications Authority of Kenya. The giant telco has petitioned the Communications and Multimedia Appeals Tribunal to block the decision by CA to drop Mobile Termination […]
Kenya’s journey to a healthy Environment Social and Governance(ESG) investment climate
Partner at the Environmental practice at commercial law firm Cliffe Dekker Hofmeyr Kenya Clarice Wambua/ LinkedIn NAIROBI, Kenya Feb 2- With the increasing recognition of the need to integrate Environment Social and Governance (ESG) in day-to-day corporate operations, it is likely that ESG disclosure and reporting requirements will soon be a mandatory requirement for more […]
KRA, EACC go after secret company shareholders
Times Tower building in Nairobi, Kenya/ Courtesy. NAIROBI, Kenya Jan 31- The Kenya Revenue Authority (KRA), the Ethics and Anti-Corruption Commission (EACC), and the Financial Reporting Centre (FRC)- which tracks money launderers- are now mining data from a registry of secret shareholders disclosed to the Attorney-General in a fresh crackdown on corrupt individuals and tax […]
Uhuru Signs Political Parties (Amendment) Bill into law
President Uhuru Kenyatta signing the recently enacted Political Parties (Amendment) Bill of 2021 into law at State House, Nairobi/ PSCU NAIROBI Kenya, Jan 28- President Uhuru Kenyatta has signed the recently enacted Political Parties(Amendment) Bill, 2021, into law. The new law sets the stage for the formation of mega coalitions ahead of the 2022 general […]
Court of Appeal Halts Sale of Dusit over Sh2.8 billion Debt Row
14 Riverside Drive/ Citizen Digital NAIROBI, Kenya Jan 27-The Appellate Court has halted the planned auction of a multi-billion-shilling property in Nairobi’s Riverside Drive where the Dusit D2 hotel stands over a Sh5 billion debt. Justices Daniel Musinga, Wanjiru Karanja and Agnes Murgor put on hold the auction pending a ruling on March 18. The […]
Bboxx Kenya Secures Sh1.6 billion loan from SBM
Bboxx employees setting up a solar home system/ Courtesy. NAIROBI, Kenya Jan 26- SBM Bank Kenya has lent Sh1.6 billion to solar energy firm Bboxx that plans to connect 470,000 Kenyans to renewable energy sources. GuarantCo, a fund backed by the governments of UK, Switzerland and Australia among others, is guaranteeing Sh1.2 billion or 75 […]
Carmaco Abandons Plans to list on the London Stock Exchange
Cargo at the port of Mombasa/ KPA NAIROBI, Kenya Jan 25- Comarco Group has ditched plans to list on the London Stock Exchange (LSE) through a reverse takeover of UK’s publicly-traded company Anglo African Agriculture. This was after some shareholders of Comarco said they did not want to proceed with the transaction. Initially, the port […]
