Billions Down the Drain: CoB Report Exposes Kenya’s Shocking Scandal of Incomplete Projects in Embassies, Farms, Ports and Airports
Kenya is once again staring at a national embarrassment: billions of public money poured into half-built projects that never see the light of day. The Controller of Budget’s latest National…
Ruto’s Sh4.7 Trillion Pre-Poll Budget to Appease Kenyans Ahead of 2027 Polls
After years of painful belt-tightening that left wananchi groaning under high living costs and heavy taxes, President William Ruto has flipped the script. His government has tabled a massive Sh4.7…
Ruto Courts Access Bank Leadership in Strategic Finance Talks to Power Kenya’s Transformation
President William Ruto convened a high-level meeting with the leadership of Access Bank Plc, the new investors in the National Bank of Kenya, underscoring a growing partnership between Kenya’s government…
Debunking the Myth: Who Is Really the Wealthiest Person in Nyanza in 2025?
In mid-2025, Kenyan social media went into overdrive with a sensational claim: Bernard (or Benard) Ted Odote, a relatively low-profile entrepreneur from Siaya County, had allegedly been ranked by Forbes…
Half of Kenya’s Wealth Locked in Just Five Counties as 16 Share a Mere 7.5% — New Report Exposes Stark Economic Divide
Kenya’s economy is booming — but not everywhere. A new Devolution Budget Watch report by the Parliamentary Budget Office has laid bare the country’s deepening regional inequality, revealing that nearly…
Stanbic Seals USD 138 Million Deal With Safaricom to Supercharge Ethiopia’s Digital Future
In a bold move set to turbocharge East Africa’s fast-rising digital economy, Standard Bank—trading as Stanbic in Kenya—has inked a USD 138 million (KES 17.94 billion) financing deal with Safaricom…
Auditor-General Nancy Gathungu Sounds Alarm as Sh300 bn in Bonds Goes Missing – Calls for PFMA Overhaul
The Auditor-General of Kenya, Nancy Gathungu has delivered a blistering verdict: some KSh 300 billion in funds raised through domestic bonds have simply vanished from accountability. With the public’s confidence…
Shock as Siaya MCAs now Gang Up to Censure Acting Finance Boss Over Explosive Mismanagement Claims
Siaya County’s political temperature has shot through the roof after Members of the County Assembly (MCAs) unanimously moved to censure Acting Finance CEC George Nyin’giro, accusing him of financial chaos,…
Siaya Finance Scandal Erupts: MCA Dorothy Oinga Pounces as Treasury Boss Ny’ngiro Faces Explosive Probe
Siaya County’s political and administrative establishment has been shaken to its core after West Asembo Ward MCA Dorothy Oinga—a fierce oversight champion and rising political force eyeing the Siaya Woman…
Raphael Tuju Suffers Blow as Court Rejects Bid to Reopen KES 1.2 Billion UK Loan Judgment
Former CS’s Dari Limited gets 30-day stay as legal battle with regional bank deepens Former Cabinet Secretary Raphael Tuju has suffered a major legal setback after the High Court dismissed…
Stanbic Bank Kenya PMI: Private sector economy starts to improve in September
Business activity increases for the first time since April Sales growth returns, leading to faster rise in employment Strongest improvement in delivery times in four years Business conditions began to…
High Court Halts Government’s Duty-Free Rice Import Plan
The High Court in Kirinyaga has temporarily blocked the government’s plan to import 500,000 metric tonnes of duty-free rice, delivering a major blow to a controversial policy aimed at lowering…
Strong Year for Pensions: Key insights from the Zamara report reveals record gains for Kenyan Retirement Funds
Strong Year as Pensions Outperform Inflation by 26% Nairobi Kenya, 11th August, 2025: Kenyan pension schemes delivered their strongest returns in years, outpacing inflation by a staggering 26% in the…
Stanbic Posts Profit After Tax (PAT) of KES 6.5 Billion, Ramps up Client Support
NAIROBI, Kenya, 7th August 2025 – Stanbic Holdings Plc (“the Company”) has posted a Profit After Tax (PAT) of KES 6.5 billion and delivered a return on equity of 17.4%…
Audit Bombshell: Auditor-General Flags KES 9.6 Billion in Suspect Transactions on eCitizen Platform
Auditor-General Nancy Gathungu has raised the red flag over the government’s flagship eCitizen digital payment platform, citing massive accountability failures and potential misuse of over KES 9.6 billion, threatening the…
Broadbased Expert on Chopping Board as Parliament Threatens to Impeach CS Mbadi, PS Kiptoo
A political firestorm erupted in Parliament on Monday after Treasury Cabinet Secretary John Mbadi and Principal Secretary Chris Kiptoo failed to appear before a high-level parliamentary committee probing the stalled…
Mbadi to be Fined KES 500,000 for Dodging Senate Committee on Pensions
Treasury Cabinet Secretary John Mbadi now faces the possibility of being fined KES 500,000 for skipping a Senate session on delayed pension payments for retirees. Mbadi has failed for the…
John Mbadi Reveals Facts About the Kenyan Economy
Treasury Cabinet Secretary John Mbadi has defended the Kenyan economy, assuring citizens that it is on a trajectory of recovery as it continues to grow despite increasing public skepticism. Deflecting…
Businesses Shut Down, Others Relocate as Kenya Experiences Silent Economic Crunch
Since 2022, several multinational companies have either closed shop or reduced operations in Kenya, raising concern over the country’s business climate. Although there’s a lot of PR hype about the…
Revitalizing Kenya’s Sugar Sector: A Collaborative Approach to Sustainable Growth
The convergence of County Executive Committee Members (CECMs) for Agriculture from Kenya’s sugar-producing regions, alongside officials from the Ministry of Agriculture and Livestock Development (MoALD) and the Kenya Sugar Board…
Kenya’s Sugar Reforms: A Crucial Crossroads for Industry Revival and Public Trust
Kenya’s sugar industry is at a defining moment. The Sugar Act No. 11 of 2024 has ushered in sweeping reforms by reinstating the Kenya Sugar Board (KSB) and introducing the…
2025/26 BUDGET: Education Main Beneficiary with Allocation of KES 702.7 Billion in Ruto-Raila Budget
As Treasury CS John Mbadi on Thursday read Kenya’s KES 4.29 Trillion Budget, the heftiest in the East African region but attention was diverted elsewhere to demonstrations in downtown Nairobi…
Stalemate Over County Revenue Allocation As National Assembly Rejects Senate Proposal for KES 60 Billion Increase
There’s a standoff between the National Assembly and Senate over a proposal to increase annual allocation to counties from KES 605 billion to KES 665 billion. Led by the Leader…
Details Emerge Why Equity Bank Laid-off 1200 Employees
Details have emerged in the Equity Bank layoffs indicating that fraudsters colluded with banking staff to steal a whooping $15.4 million equivalent to KES 2 billion in the last two…
John Mbadi Convincing Kenyans Why the Government will not Pay Examination Fees for Students from Next Year
It is now confirmed that the 2025/26 budget will not entirely factor in the national examination fees. Kenyan parents will now be forced to pay for their children’s national examination…
Samsung Electronics Acquires Leading Global HVAC Solutions Provider FläktGroup
SEOUL, Korea – May 14, 2025 – Samsung Electronics Co., Ltd. today announced that it has signed an agreement to acquire all shares of FläktGroup, a leading global HVAC solutions…
Aliko Dangote, Africa’s Richest Man Acquires Kenya’s Oldest Tour Company
Pollman’s Tours and Safaris, Kenya’s oldest tour company has been acquired by Nigerian business mogul and Africa’s richest man. The acquisition was made through Alterra Capital, a venture associated to…
Finance Bill 2025 — Government Sends Out Feelers to Avoid Protests
In a carefully crafted move the Government of Kenya has sent out feelers ahead of unleashing the Finance Bill 2025. The government’s strategy is to control the narrative around its…