Business Archives - Page 6 of 21

Ex-AG Githu Muigai In Court Battle With Bank Over Botched Auction Deal Where He Bought 16 Apartments

nairobi-exposedMay 26, 2022May 26, 2022

by nairobi-exposedMay 26, 2022May 26, 20220554

Former Attorney-General Githu Muigai used a proxy to buy 16 apartments in Nairobi’s Ngong Road through a botched auction deal. Prof Muigai is now seeking...

Business

Cytonn Managers To Be Charged For Fraud

nairobi-exposedMay 24, 2022

by nairobi-exposedMay 24, 20220441

The Director of Public Prosecutions (DPP) can now charge four executives of Cytonn Investments Management Limited with plundering Sh1 billion from their former employer, the...

Business

Broke: Auctioneers Goes After Struggling Airline Fly 540/FlySax Group Assets

nairobi-exposedMay 18, 2022May 18, 2022

by nairobi-exposedMay 18, 2022May 18, 20220428

Operations at budget passenger and cargo airline Fly 540 and its sister company East African Air Safaris (FlySax) could soon grind to a halt due...

Business

Centum’s Unending Woes: Another Case On Corporate Greed?

nairobi-exposedApril 13, 2022May 11, 2022

by nairobi-exposedApril 13, 2022May 11, 20220387

The deal was simple as it was straightforward: get us an investor for our real estate properties and we will pay a fee at the...

Business

Mwalimu Sacco Faced With Troubles In Sale of Troubled Spire Bank

nairobi-exposedApril 6, 2022April 6, 2022

by nairobi-exposedApril 6, 2022April 6, 20220532

A fresh storm is brewing within the teachers’ Mwalimu Sacco over the planned sale of cash-strapped Spire Bank as new details show that the tutors...

Business

Friction At Higher Ranks Of KCB As CEO Oigara’s Term Is Extended Despite Integrity Queries

nairobi-exposedMarch 23, 2022

by nairobi-exposedMarch 23, 20220537

There is growing friction within higher ranks of the Kenya Commercial Bank’s (KCB) leadership hierarchy after Board of Directors secretly extended Joshua Oigara’s tenure by...

Business

Heartbroken Husband Documents Sexual Affairs And Illicit Relationships At Co-Operative Bank’s Top Management Questioning Its Integrity

nairobi-exposedMarch 9, 2022March 9, 2022

by nairobi-exposedMarch 9, 2022March 9, 20220716

A Nairobi man has gone viral on social media for writing an official complaint to Co-operative bank of Kenya that his wife has been sleeping...

Business

Fear Of Financial Ill Health At Centum Investment Company

nairobi-exposedFebruary 1, 2022February 1, 2022

by nairobi-exposedFebruary 1, 2022February 1, 20220870

Centum Investment Company was recently in thenews for reportedly cutting its losses $6 million in the six months to September 2021 which thegroup’s Chief Executive...

Business Corruption

Audit Report by Deloitte Reveal Massive theft at Stima Sacco

nairobi-exposedJanuary 24, 2022January 24, 2022

by nairobi-exposedJanuary 24, 2022January 24, 20220792

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...

Business

KOT Fry KFC Over Imported Potatoes

nairobi-exposedJanuary 4, 2022January 4, 2022

by nairobi-exposedJanuary 4, 2022January 4, 20220960

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...