Exide Batteries First Commodity to Trade Under the CFTA
Associated Battery Manufacturing EA Ltd becomes the first Kenyan company to trade under the Africa Continental Free Trade Area (AfCFTA), following the exportation of exide batteries worth Sh9.3million to Ghana. Launched for trading in January 2021, CFTA is a game changer in overall global trade, and Africa, which accounts for 2% of global trade and […]
CBK Licenses 10 Digital Money Lenders
As the licensing process for digital lenders continues, with the coming to effect of The Central Bank of Kenya (Amendment) Act, 2021, the Central Bank Of Kenya is reporting that it has so far licensed 10 out of the 288 applicants, which translates to a mere fraction of the numerous providers in a sector that […]
Insurance Regulatory Authority Intensifies Fraud Crackdown Through IFIU
In its ongoing efforts to rid the Kenyan Insurance sector of fraud, the Insurance Fraud Investigations Unit, IFIU has arrested and charged two persons for the offense of conspiracy to defraud and obtaining credit by false pretenses. An inquiry file for the two accused Grace Atieno Okal and Gladys Atieno Mboya indicates that on diverse […]
Environment And Lands Court Leads From the Front on Matters Environment Conservation
The Environment and Land Court is leading from the front on matters of environment conservation with two public clean up exercises lined up for Kwale and Diani at the Coastal region beginning today. Under the theme ‘bringing purity and cleanliness to nature’ the court will in the next two days beginning today, conduct a cleaning […]
Capital Markets Authority Fines Former Chase Bank Directors, Audit Firm
The Capital Markets Authority (CMA) has fined top officials of the defunct Chase Bank reporting accountants Deloitte and Touche over their alleged role in the issuance of a Sh10 billion medium-term bond in 2015. Those fined by the regulator include former Chase Bank managing director Duncan Kabui Sh5 million and disqualified him from being director […]
Disinformation Expected to Thrive in the 2022 General Election – Report
KICTANet, a multi-stakeholder Think Tank for ICT policy and regulation, has called for a multi sectoral approach in combating misinformation in the 2022 general elections. KICTANet says this will ensure that all sectors and sources of misinformation are guarded, to keep the elections secure. In its report, Disinformation in Kenya’s Political Sphere: Actors, Pathways and […]
Meta Unveils Plans to Combat Misinformation Ahead of Kenya’s August Elections
Meta, ooriginally known as Facebook, has outlined interventions it has been making towards making Kenya’s August 2022 elections safer, and curb misinformation, voter harassment and increase transparency. Meta says the company has preparing for 2022 election over the past year, and has roped in the help of a dedicated teams working closely with election authorities […]
Three Police Officers Found Guilty of Murder of Lawyer Willie Kimani, his Client and their Taxi Driver
Three police officers and an informant have been found guilty of the murder of lawyer Willie Kimani, his client Josephat Mwenda & driver Joseph Muiruri. Willie, his client and taxi driver disappeared after they were last seen at a police station in Syokimau in 2016. That morning, Kimani and Mwenda had attended a court session […]
Kenyan SMEs Stand to Benefit from the Continental Free Trade Area
Kenya’s SMEs sit at a vantage point to explore growth opportunities presented under the Africa Continental Free Trade Area, which is Africa Union’s blueprint and master plan for transforming Africa into the global powerhouse of the future. Ahmed Yasin an international trade law advisor said in a webinar hosted by Qoba, a provider of technology […]
How National Automotive Council Will Increase Locally Assembled Vehicles Production
NAIROBI, Kenya, Jul 13 – Kenya is set to increase production of locally assembled vehicles significantly if the new National Automotive policy is implemented. The country has announced plans to set up a national automotive council to facilitate implementation of the National Automotive Policy that is geared towards boosting the local assembling of motor vehicles. […]
