Keep up to date with business developments and opportunities in the region.
The High Court is expected to hear a case in which the Ethics and Anti-Corruption Commission is seeking to recover more than Sh170 million from Former Kiambu Governor Ferdinand Waititu, alongside Testimony Limited. The agency wants them ordered to pay back the money saying they were proceeds of crime. It’s their case that Testimony used…
Indian firm Adani Airports Holdings Limited has dismissed claims that the Jomo Kenyatta International Airport (JKIA) has been leased for 30 years saying the project is yet to be approved, court documents seen by the Star indicate. The company argues that the current cases filed in court challenging the controversial takeover are ill-timed as the…
Businessman Yagnesh Devani will have to deposit a cash bail of Sh5 million to secure his release after denying charges of fraudulently disposing of mortgaged petroleum products in September 2008. Milimani Magistrate Thomas Nzyoki said he either deposits the Sh5 million bail with two personal sureties or deposits a bond of Sh30 million with one…
The Kenya Airports Authority (KAA) says contingency measures are in place to ensure seamless airport operations amid talks to avert workers strike set for Monday. In a statement to the press Friday, KAA emphasized its commitment to upholding high standards of service even if the planned strike takes place. “In preparation for the potential strike…
The Kenya Aviation Workers Union (KAWU) has announced an intended strike to protest the planned leasing of Jomo Kenyatta International Airport (JKIA) to a private operator. KAWU Secretary General Moses Ndiema said the union will present a seven-day strike notice on Monday to oppose the planned public-private deal between JKIA and Indian firm Adani Airport…
The Kenyan shilling has continued to experience significant volatility against major currencies something largely attributed to the disruption of trade and tourism activities due to the recent protests. The latest data from the Central Bank of Kenya (CBK) shows that commercial banks closed the markets Friday exchanging the dollar at Sh131.574. Some two weeks ago,…
At least two people have died following a fatal road accident that occurred along the Kwale-Kombani road at Matairini in Kwale county on Monday. The accident involved a Toyota Voxy Station Wagon that rolled several times seriously injuring the people onboard. The police have identified the two as Barrack Mugambi, 22, and Eristus Karani. According…
The Communications Authority of Kenya (CA) has dismissed claims that there are plans to shut down the internet ahead and during Tuesday’s anti-Finance Bill protests. In a notice, CA Director General David Mugonyi acknowledged fears Kenyans raised regarding the matter but said the government has no such plans. “The Communication Authority of Kenya (CA) has…
Azimio leader Raila Odinga has criticised the Finance Bill 2024 saying it goes against the hopes of Kenyans who expected the government to lessen the tax burden. In a statement on Friday, the Opposition chief said the tax proposals contained therein are regressive and “goes ruthlessly against the poor”. “Should it be ratified, low-income people…
Defence Cabinet secretary Aden Duale now says the government has declared war against drug and substance abuse which calls for a collective, society approach. Duale assured that the government will fight Muguka with the same force and energy it has been using to combat the sale and consumption of illicit brew across the country. …
