Audit Report by Deloitte Reveal Massive theft at Stima Sacco
Emerging facts indicate that fraudulent activities at Stima are being orchestrated and ruthlessly executed by rogue managers and a section of the Central Management Committee...
Category : Business
KOT Fry KFC Over Imported Potatoes
Kentucky Fried Chicken (KFC), an American fast-food restaurant chain, topped Twitter trends in Kenya on Wednesday, January 4 after it emerged that the franchise does...
CitiBank On The Spot Over Sh127M Tax Evasion
Kenya Revenue Authority (KRA) is embroiled in a court battle with Citibank over a Sh128-million tax demand on services offered to the United Nations. Court...
Little Hope For Deep-Pocketed Depositors In Fallen Imperial Bank
Deep-pocketed depositors in Imperial Bank, now under liquidation, are combing through history for hope. But there is little of it. Previous financial institutions that have gone...
Insider View Details The Insanity At Centum Investment By CEO James Mworia
This letter will layout the sham of leadership and management that has been going on at Centum Investment Company. You will need to carefully analyze...
Mitumba Traders To Be Evicted From Gikomba
The Nairobi Metropolitan Services (NMS) has received court’s nod to evict a section of traders dealing with secondhand clothes within Gikomba open air market to...
Suspicious demand by Narendra Raval attracts the attention of Competition Authority
Mr Narendra Raval is not only one of the wealthiest men in the country, but also one of the most powerful, and head of the...
Big Blow To Cytonn As Panicked Investors Rush To Withdraw Sh188.3M
IN SUMMARY Investors withdrew Sh188.3 million from Cytonn Unit Trust Scheme which suffered the biggest outflow in the quarter ended June, according to data from...
Why Cement Makers Shun Devki Group’s Clinker For Expensive Imports
The cost of locally produced clinker is substantially cheaper when compared to imports. Yet, whenever local cement manufacturers require the key material in the manufacture...
WatchDog: Devki On Path To Monopoly In New Proposal
The Kenyan Competition Authority (CAK) has warned the government against enacting billionaire businessman Narendra Raval’s proposal to increase the import duty on clinker, a raw...