WPP Scangroup CEO Bharat Thakrar suspended over alleged gross misconduct

By Citizen Reporter,

WPP-Scangroup Chief Executive Officer Bharat Thakrar and the Chief Finance Officer Satyabrata Das have been suspended. The Board of Directors said ...

Bharat Thakrar , Scangroup

Competition regulator offers rewards to informants in battle against cartels

By Kepha Muiruri,

The Competition Authority of Kenya (CAK) has rolled out an informant reward scheme, a financial incentive to informants aiding the regulator in its i...

The Competition Authority of Kenya (CAK) , Wang'ombe Kariuki

KRA waives all penalties to taxpayers disclosing hidden arrears in 2021

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) will waive all penalties and interest to tax payers disclosing arrears in 2021 under its new voluntary tax disclosur...

Kenya Revenue Authority (KRA) , voluntary tax disclosure program (VTDP).

Kenya Airways forced to refund Ksh.415K to passenger for missed flight

By Kepha Muiruri,

Kenya Airways (KQ) has been forced to refund Ksh.415,263 as the cost incurred by a passenger after being denied boarding its aircraft. The compensa...

Kenya Airways , kq

EPRA names acting Director General after Pavel Oimeke’s arrest

By Kepha Muiruri,

The board of the Energy and Petroleum Regulatory Authority (EPRA) has picked Daniel Kiptoo Bargoria as its interim Director General following the arre...

Daniel Kiptoo Bargoria , EPRA , Pavel Oimeke

Tobacco manufacturers fingered for profiting off the pandemic

By Kepha Muiruri,

Tobacco manufacturers have been fingered for using the COVID-19 pandemic to weaken regulations limiting tobacco use. This is according to a new rep...

British American Tobacco (BAT) Kenya , Covid-19 pandemic , Tobacco

Financial regulators warn of rise in fraud schemes

By Kepha Muiruri,

The regulators of Kenya’s financial sector have warned of a rise in fraudulent and unregulated financial schemes as the COVID-19 pandemic continues ...

Capital Markets Authority (CMA) , Central Bank of Kenya (CBK) , fraud

3 more retailers on Gov’t watch as Tuskys stays mute on buyer power abuse

By Kepha Muiruri,

The Competition Authority of Kenya (CAK) says three more retailers are under its watch for delaying payments to suppliers as it rounds off investigati...

retail in Kenya , The Competition Authority of Kenya (CAK) , Tuskys

Oil marketers in Kenya under fire over hoarding fuel stocks in anticipation of price increase

By Kepha Muiruri,

Oil Marketing companies (OMCs) are once again on the spot as they now hold back stocks of fuel in anticipation of a price increase in the next maximum...

EPRA , fuel prices

IDEMIA appoints new East Africa head to drive regional expansion

By Citizen Reporter,

IDEMIA, global augmented identity solutions provider, has appointed Henry Mkuzi as its East African Region Sales Director as part of the company’s p...

Henry Mkuzi , IDEMIA , Yann Delabrière

CBK sanctions Absa Bank for irregular forex trading

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has flagged Absa Bank Kenya for irregular foreign exchange trades conducted in March. According to the reserve bank...

Five banks fined Ksh.385 million over NYS scandal

By Kepha Muiruri,

Five local banks will pay a total of Ksh.385 million as penalties for their respective violation of the various provisions of anti-money laundering la...

AML/CFT , NYS II , ODPP

Grand theft? Goldenscape investors yet to be paid since November 2019

By Enock Sikolia,

Goldenscape CEO Peter Wangai made an impression on many potential agribusiness investors. They were fascinated by the returns his company promised. ...

Goldenscape

Silverstone Air incidents land on U.K. travel advisory

By Paul Ombati,

The United Kingdom has urged citizens to be cautious when booking local flights following the two Silverstone Air Service incidents. The Foreign an...

Silverstone , Wilson Airport.

State of Wilson Airport raises concern among operators

By Faizal Ahmed,

Runways at the Wilson Airport need urgent repairs. This the Kenya Civil Aviation Authority says would improve operations at the airport that has in...

Safarilink Air Services , Silverstone , Wilson Airport.

Internet users in Kenya affected as SEACOM cites outage

By Citizen Reporter,

SEACOM has announced a major network outage affecting Kenya and South Africa. The company, that is behind the broadband submarine cable system alon...

Seacom , Zuku

Old notes worth Ksh7.4B now worthless, CBK says

By Kepha Muiruri,

Kenyans returned Ksh.209.7 billion worth of notes in the recently completed demonetization cycle. According to the Central Bank of Kenya (CBK), the...

CBK , patrick njoroge

CMA warns Kenyans against ‘forex trader’ Interweb Global Fortune

By Kepha Muiruri,

The Capital Markets Authority (CMA) has warned the public against dealing in the InterWeb Global Fortune Limited following the discovery of suspect tr...

Capital Markets Authority (CMA) , CBK , Interweb Global Fortune

Kenya Airways tenders, procurement process under probe – DCI

By Faizal Ahmed,

Kenya Airways is under investigations over concerns involving tenders and procurement. KQ boss Sebastian Mikosz has been ordered to surrender certi...

Kenya Airways , Mikosz

CMA freezes accounts by women incubator WIIE in irregularity probe

By Kepha Muiruri,

The Capital Markets Authority (CMA) has alongside law enforcement agencies frozen bank accounts belonging to the Women Investing in Entrepreneurship (...

CMA , WIIE