“Going Concern” or Gone? The Ghost of Chase Bank Haunts Credit Bank
Auditors question Credit Bank’s survival as capital shortfall, rising bad loans, and management silence fuel fears of another Chase Bank-style collapse. Credit Bank is staring...
Category : Business
Safaricom Hits 50M As Airtel Gains Rapidly From Accusations of State Surveillance and Abductions Against Govt’s Dissents
NAIROBI, Kenya – In a bitter-sweet milestone for Kenya’s telecommunications giant, Safaricom crossed the 50 million customer mark just as rival Airtel Kenya posted explosive...
Inside The EABL Scandal: Alarming Allegations Of Fraud, Coercion, And Tax Evasion
The Senate is demanding urgent investigations into East African Breweries Limited (EABL) following explosive allegations of fraud, coercion, and massive tax evasion. The call follows...
Allegations of Unexplained Deductions from NCBA Fixed Income Fund Spark Public Outcry
Kenyan investors have raised serious concerns about the safety and transparency of the NCBA Fixed Income Fund, also known as the NCBA Money Market Fund,...
KCB Loses Appeal Against KRA’s Sh436 Million Tax Demand On VAT
The Kenya Commercial Bank (KCB) Group has suffered a major blow after the tax tribunal dismissed its appeal seeking to overturn a tax demand of...
Director Accuses KCB Of Laundering Sh69B From South Sudan Through English Point Marina
Nelson Amenya, a renowned Kenyan whistleblower, has recently exposed allegations involving KCB Bank and its purported role in laundering KES 69 billion from South Sudan...
Credit Bank in Deep Crisis as Scandals Expose Money Laundering and Dubious Deals
Credit Bank Limited is sinking deeper into scandal as damning allegations of money laundering, insider fraud and dubious land deals tear apart its credibility and...
Exposed KCB Customers Overdrew Accounts By Sh1B In A Recent System Glitch
Few weeks ago, KCB Heist became a trending topic on social media with word going around that the bank system had been hacked and many...
Businessman Accuses Co-Operative Bank CEO Gideon Muriuki Of Shares Fraud
The chairman of Orion East Africa limited Ruo Maina has written to the principal judge of the High Court over alleged frustrations coming from Co-operative...
Qatar Airways Flight Rocked With Massive Turbulence Prompting Emergency Landing At JKIA
On Sunday, May 5, 2024, a harrowing incident unfolded aboard Qatar Airways flight QR1499, an Airbus A330-243 bearing the registration A4O-DA and operated in conjunction...