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Civil society groups blast big ticket infrastructure for ‘creating’ Kenya’s debt crisis
By Kepha Muiruri,
1116, October 26, 2020 (EAT)
Civil society groups (CSOs) under the moniker Okoa Uchumi have faulted the government’s obsession with big ticket infrastructure projects for saddli...
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Tuskys discloses Ksh.2.8 billion Equity, DTB debt
By Kepha Muiruri,
1036, October 26, 2020 (EAT)
Tuskys will be at task to repay Ksh.2.8 billion in credit extended to it by Equity Bank and Diamond Trust Bank (DTB) as it seeks to turn around its fo...
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Tuskys faces three more auctions
By Kepha Muiruri,
1759, October 7, 2020 (EAT)
Under fire retailer Tuskys is now facing three new auctions as disgruntled landlords seek to dispose its properties to recover outstanding rent arrear...
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Uchumi commences fresh audit of supplier bills
By Kepha Muiruri,
1525, October 6, 2020 (EAT)
Beleaguered retailer Uchumi Supermarkets has commenced a fresh audit of supplier bills as the chain moves to ring fence its court approved Company Vol...
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Tuskys picks former Uchumi CFO as its new financial controller
By Kepha Muiruri,
1150, October 6, 2020 (EAT)
Troubled retailer Tuskys has picked former Uchumi Chief Financial Officer Chadwick Omondi Okumu as its new financial controller as the supermarket loo...
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Tuskys shuts Nairobi CBD branch as woes deepen
By Kepha Muiruri,
1454, August 28, 2020 (EAT)
Troubled retailer Tuskys has shut another branch inside Nairobi’s Central Business District (CBD) in a continuation of rent rows with landlords. ...
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Looming crisis as COVID-19 hits Treasury, Huduma Centre among other gov’t offices
By Benjamin Muriuki,
1612, July 15, 2020 (EAT)
Operations at various government offices in the country could be paralysed as the far reaching effects of the COVID-19 pandemic continue to unfold. ...
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Magufuli to reopen schools, stop quarantine for tourists; says Covid-19 cases reducing drastically
By Benjamin Muriuki,
1740, May 17, 2020 (EAT)
Tanzanian President John Pombe Magufuli says he will reopen schools and allow sporting activities to resume in the next one week, claiming that Covid-...
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Uchumi creditors vote to save retailer from sudden death
By Kepha Muiruri,
1926, March 2, 2020 (EAT)
Uchumi creditors have voted to spare the lender from imminent dissolution by backing the firm’s proposed company voluntary agreement (CVA). The p...
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Uchumi’s agony as High Court sets repeat creditors vote.
By Kepha Muiruri,
1148, February 22, 2020 (EAT)
Uchumi’s recovery plan is back to square one with the High Court giving directions on the holding of a second vote on the company’s voluntary agre...
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CS Kiunjuri tells Kenyans to take photographs of locusts for Gov’t to verify
By Tonny Ndungu,
1756, January 10, 2020 (EAT)
Agriculture CS Mwangi Kiunjuri has given a rather odd suggestion following reports that locusts that were in Wajir could have spread elsewhere in the ...
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KCB, Co-op Bank write off Ksh.656 million Uchumi debt
By Kepha Muiruri,
1032, November 11, 2019 (EAT)
KCB and Cooperative bank have agreed in principle to write off a combined Ksh.655.5 million in outstanding credit to the debt-strapped Uchumi Supermar...
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Uchumi granted 30 days to engage banks over Ksh.2.8 billion debt
By Kepha Muiruri,
1056, September 30, 2019 (EAT)
The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced ...
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Soaring St Anthony inch closer to East Africa glory
By Stanley Mativo,
2018, August 20, 2019 (EAT)
Stanley Mativo in Arusha Powerhouse St. Anthony’s Kitale underlined their East Africa Schools Games title credentials in football and h...
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Latest Kenya Power postpaid billing scandal linked to cybercrime
By Citizen Reporter,
1155, June 30, 2019 (EAT)
A day after the Directorate of Criminal Investigations announced that 204 individuals and organisations are under investigations over the Kenya Power ...
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Choppies Supermarkets corporate troubles hit Kenyan operations
By Kepha Muiruri,
2029, May 27, 2019 (EAT)
Choppies Supermarkets could be on the brink of turmoil as ongoing corporate troubles in its home country of Botswana takes a hit at its Kenyan operati...
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Uchumi suppliers agree to forfeit Ksh.2.5B owed to them
By Kepha Muiruri,
1620, May 13, 2019 (EAT)
Suppliers of troubled Uchumi supermarkets have agreed to forfeit Ksh.2.5 billion debt owed to them as part of a proposed recovery plan for the retaile...
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Don’t write us off just yet, troubled Uchumi Supermarket says
By Faizal Ahmed,
1256, April 19, 2019 (EAT)
Beleagured retailer Uchumi supermarket says it should not be written off just yet. Speaking to Citizen Digital, Uchumi CEO Mohammed Ahmed says plan...
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OPINION – The debt trap: How to escape the vicious cycle of mobile loan apps
By Citizen Reporter,
1759, March 25, 2019 (EAT)
By Reginald Kadzutu There has been a proliferation of easy loan products and use of digital credit in the Kenyan market riding on the pervasivenes...
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Mesut Ozil rewards Kenyan boy spotted wearing Arsenal jersey in viral tweet
By Bernard Ndong,
1143, March 13, 2019 (EAT)
Naserian is the epitome of contrasts. It is an informal settlement comprising of makeshift homes made out of corrugated sheets. It is nestled in the m...
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