This law could deal with corrupt officials for good
Lawmakers during a debate in Parliament/ parliament.go.ke NAIROBI Kenya, Nov 18- State and public officials found guilty of corruption or economic crimes will be permanently banned from vying for or holding political office if a Bill currently in Parliament comes into law. The Anti-Corruption and Economic Crimes (Amendment) Bill, currently at the debate stage in […]
NBK commits to UN Global Compact Principles on Responsible Business
National Bank of Kenya (NBK) Managing Director Paul Russo/ NMG PHOTO NAIROBI, Kenya, Nov 17 – The National Bank of Kenya (NBK) has signed up to the United Nations Global Compact, committing to adopt ethical and responsible business practices in its operations. Following the signing, the bank has committed to uphold and protect human rights, […]
US Secretary of state lands in Kenya
US Secretary of State Antony Blinken arrives at the Jomo Kenyatta International Airport in Nairobi, Kenya/ KENYA’S MINISTRY OF FOREIGN AFFAIRS. NAIROBI Kenya, Nov 17- United States Secretary of State Antony Blinken has called for an unconditional ceasefire in the Ethiopian conflict during his first leg of an African tour which will take part in […]
Kenya in plans to launch digital currency
The Central Bank of Kenya is considering the use of Cryptocurrency/AFP NAIROBI, Kenya, Nov 12 – The Central Bank of Kenya (CBK) has announced that its exploring the use of Central Bank Digital Currency (CBDC) as digital currencies take shape globally. CBK Governor Dr. Patrick Njoroge said the bank is in discussions with other global […]
Thousands risk losing jobs as World Bank pushes for university closures
University of Nairobi in Nairobi, Kenya/ NMG/ PHOTO NAIROBI, Kenya, Nov 11 – The World Bank is pushing for the closure of broke government universities and corporations that are making losses as it approved multi billion loan facilities to support the country’s budget and help the economy recover from the effects of the Covid-19 pandemic. […]
World Bank debars Kenyan consultancy firm
World Bank Group headquarters in Washington D.C/ Courtesy. NAIROBI, Kenya Nov, 11- The World Bank has blacklisted a Kenyan firm, Africa Development Professional Group (ADP), for engaging in fraudulent practices in several multi-million shilling projects for top government agencies across the continent. The global financier made the decision after an investigation conducted by the World […]
Tangaza-Mobile Payment Service Provider license revoked over regulatory violations
Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge during a press briefing in Nairobi, Kenya/ CBK. NAIROBI Kenya, Oct 26- Tangaza, a Mobile Payment Service Provider, has had its license revoked by the Central Bank of Kenya (CBK) for failing to discharge its obligations under the National Payments System(NPS) Act and Regulations. According to […]
Kenyans to access MTN Uganda shares after IPO launch
An MTN outlet in Uganda, Kampala/ NMG PHOTO Interested Kenyans will be able to buy into MTN Uganda shares after the firm launched Uganda’s biggest Initial Public Offer (IPO) on October 11, 2021. MTN Uganda reached an agreement with Uganda Communications Commission to pay $100 million for a 12-year license in Uganda valid from July […]
