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US says IFC covering up sex scandal in Kenya schools

Nairobi, March 18 -- The US government has claimed that the International Finance Corporation (IFC) tried to cover up reports of child sex abuse at Kenya's Bridge International Academies moments after... Read More


New levy lined up for State contractors

Nairobi, March 15 -- The Treasury has introduced a new levy on contractors making supplies to both national and county governments, a shift likely to raise the cost of public procurement. New regulat... Read More


State gives small contractors window to split and share big tenders

Nairobi, March 14 -- Small Kenyan contractors have been handed an opportunity to fight for big-ticket State projects that are under the tight grip of moneyed Chinese counterparts after the Treasury pu... Read More


Relief as tribunal blocks taxes on weight-gain drugs

Nairobi, March 8 -- Patients using weight-gain drugs have been handed relief after the Tax Appeal Tribunal (TAT) blocked the Kenya Revenue Authority (KRA) from imposing taxes on the medications. The ... Read More


Co-op, NCBA, Family Bank top customer experience poll

Nairobi, March 6 -- Co-operative Bank of Kenya, NCBA, and Family Bank have been ranked top in a customer experience survey of the country's 39 commercial banks by the Kenya Bankers Association(KBA). ... Read More


Kenya plan to sell old rail as scrap triggers Sh286bn fight in London

Nairobi, March 6 -- A London-based international arbitration has heard that Kenya and Uganda secretly planned to kill Rift Valley Railways (RVR) and dispose of it as scrap to unlock billions from Chin... Read More


How real estate put Kenya on dirty cash grey list

Nairobi, March 5 -- The 411 registered real estate agents filed only two suspicious transaction reports (STRs) to the Financial Reporting Centre in the five years to 2021, a deficiency that might be e... Read More


Cash outside banks hit an all-time high of Sh282bn in December 2023

Nairobi, Feb. 29 -- Cash outside of banks rose to an all-time high of Sh282.1 billion in December last year pointing to increased liquidity in the economy during a period, which also saw State Corpora... Read More


Beer cheaper in Uganda, Tanzania on reduced cost of excise stamps

Nairobi, Feb. 25 -- More Kenyans living in border points may find it pocket-friendly to cross into Tanzania and Uganda for a beer after the two countries slashed the price of excise stamps, one of the... Read More


Kenya grey listed for dirty cash flow in money laundering war

Nairobi, Feb. 24 -- Kenya has again been put under high watch for not having strong safeguards against the flow of dirty cash, joining 23 other countries in a list of shame known as the 'grey list.' ... Read More