Blow to Garden City as key tenant leaves
What you need to know: Last week, Massmart announced it was divesting in a total of 14 Game Stores in East and West African markets....
Author : nairobi-exposed
Raila Odinga tells off his critics linking him to sorcery
Orange Democratic Movement (ODM) leader Raila Odinga has told off his critics for linking him to supernatural powers, citing that he is a staunch Christian....
Collapsing Spire bank’s defaults now overtake loan book
Spire Bank’s defaulted loans have overtaken its net loan book, highlighting the meltdown at the small lender which now needs at least Sh4.14 billion to...
Agency cuts Victoria Bank’s credit rating
SUMMARY South Africa-based Global Credit Ratings (GCR) has downgraded the credit profile of Victoria Commercial Bank (VCB) Limited. GCR scaled down the lender’s long and...
Scangroup’s probe clears ex-CEO Bharat Thakrar
WPP Scangroup has closed an investigation against its former chief executive, Bharat Thakrar, without finding incriminating evidence, raising questions about the reliability of the information it...
Roads agency official claims malice in Sh1 billion assets probe
SUMMARY A senior official at a public roads agency who is alleged to have stashed Sh500million in 22 bank accounts. In a response filed before...
UK’s Tesco keeps ban on Kakuzi avocados
SUMMARY Britain’s largest supermarket chain, Tesco is yet to reinstate avocado supplies by Kakuzi as it presses for compressive human rights reforms by the Murang’a-based...
How Kenya Power threw away chance to collect Sh200 million a month
Steel billionaire Narendra Raval has revealed how Kenya Power gave him a Sh2.8 billion quote to connect electricity to one of his clinker factories in...
Rise of Mr Moneybags: Deals that built Kenya Power boss an empire
When Samuel Gichuru stepped into Kenya Power and Lighting Company, he was a struggling lawyer. By the time he left, he was worth billions of...
What next for Kabul’s airport?
With the Taliban in possession of Kabul’s airport after the United States completed its withdrawal on Tuesday, the focus will now shift from the mammoth...