Business Archives - Nairobi Exposed

How A Co-op Bank Insider Helped Fraudsters Raid Dormant Accounts Using Fake Documents

nairobi-exposedMay 31, 2026May 31, 2026

by nairobi-exposedMay 31, 2026May 31, 202608

Court records revealed shocking details, including allegations that dormant accounts were reactivated using forged documents, among them a fake prison discharge certificate. The former Co-op...

Business Corridors Of Power

DISQUIET IN SAFARICOM AS CEO NDEGWA’S TENURE SILENTLY EXTENDED DESPITE EXCEEDING TERM LIMITS

nairobi-exposedMay 1, 2026

by nairobi-exposedMay 1, 2026059

Peter Ndegwa should not be the CEO of Safaricom today. His contract, by any reasonable reading of the company’s own governance charter and by the...

Business Exposed

Questions As Credit Bank Exposed As Buyer Of Sh1.1 Billion Property They Auctioned From Borrower

nairobi-exposedDecember 4, 2025

by nairobi-exposedDecember 4, 20250262

When the auctioneer’s hammer fell on June 5, 2024, a property worth billions changed hands in Mavoko. But in a transaction that has since exploded...

Business

CREDIT BANK’S DO-OR-DIE PLEA: GIVE US SH4.5 BILLION BY CHRISTMAS OR WE’RE FINISHED!

nairobi-exposedNovember 29, 2025

by nairobi-exposedNovember 29, 20250193

NAIROBI, November 29, 2025 Credit Bank has just fired the financial equivalent of a distress flare across Nairobi’s money markets: cough up Sh4.5 billion before...

Business

“Going Concern” or Gone? The Ghost of Chase Bank Haunts Credit Bank

nairobi-exposedSeptember 10, 2025September 26, 2025

by nairobi-exposedSeptember 10, 2025September 26, 20250239

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...

Business Exposed

Safaricom Hits 50M As Airtel Gains Rapidly From Accusations of State Surveillance and Abductions Against Govt’s Dissents

nairobi-exposedJuly 26, 2025July 26, 2025

by nairobi-exposedJuly 26, 2025July 26, 20250254

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...

Business Exposed

Inside The EABL Scandal: Alarming Allegations Of Fraud, Coercion, And Tax Evasion

nairobi-exposedMay 9, 2025

by nairobi-exposedMay 9, 20250372

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...

Business

Allegations of Unexplained Deductions from NCBA Fixed Income Fund Spark Public Outcry

nairobi-exposedApril 8, 2025April 12, 2025

by nairobi-exposedApril 8, 2025April 12, 20250312

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,...

Business Corridors Of Power Courts

KCB Loses Appeal Against KRA’s Sh436 Million Tax Demand On VAT

nairobi-exposedFebruary 16, 2025

by nairobi-exposedFebruary 16, 20250307

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...

Business Exposed

‪Director Accuses KCB Of Laundering Sh69B From South Sudan Through English Point Marina‬

nairobi-exposedJanuary 22, 2025

by nairobi-exposedJanuary 22, 20250363

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...