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Court faults IRA for 'sudden' cancelation of policies in three failed insurers

Nairobi, Sept. 18 -- The High Court has faulted the Insurance Regulatory Authority (IRA) for invalidating insurance policies held by customers of three insurers and placing them under statutory manage... Read More


'Prof Carl' and the failed 2025 investment scheme that preceded QVSE

Nairobi, Sept. 18 -- 'Carl Grindan', the person behind QVSE, the doomed investment scheme that froze millions of shillings of Kenyans' cash, also ran a similar scheme in Kenya last year, it has emerge... Read More


14 Riverside owners question part of Banking Act in fight over asset

Nairobi, Sept. 17 -- The owners of Nairobi's 14 Riverside complex, Cape Holdings Limited, want the High Court to determine whether a section of the Banking Act is unconstitutional for allowing interes... Read More


Savannah Cement Sh4.5bn bank loan row escalates after Ndeta trial halt

Nairobi, Sept. 17 -- A dispute between former shareholders and business partners of Savannah Cement over a controversial Sh4.5 billion bank loan has moved to the Court of Appeal. Savannah Heights Lim... Read More


Kenya cuts AIDS deaths by 69 percent amid improved diagnosis

Nairobi, Sept. 17 -- Kenya has reduced AIDS-related deaths by almost 68.9 percent over the past 15 years, bringing the country closer to achieving the global goal of eliminating AIDS as a public healt... Read More


Ex-staffer sues investment bank over Sh137m commission from KPC sale

Nairobi, Sept. 17 -- A former associate has sued Rock Investment Bank, demanding Sh137.2 million in commission from the firm's lead advisory work on the Kenya Pipeline Company (KPC) initial public off... Read More


Court rejects top filmmaker's Sh10,000 installments plan to clear Sh1.1m Netflix debt

Nairobi, Sept. 17 -- Renowned Kenyan filmmaker David Tosh Gitonga has been slapped with a Sh7,000 costs bill for wasting the court's time as his woes over a Sh1.1 million debt arising from a Netflix-b... Read More


NSE drops below Sh4trn as sell-off deepens

Nairobi, Sept. 17 -- Investor wealth at the Nairobi Securities Exchange (NSE) had dipped below the Sh4 trillion mark for the first time since crossing this milestone a month ago, weighed down by retre... Read More


Sh1bn tourism levy collection shortfall on delayed Airbnb tax

Nairobi, Sept. 17 -- Tourism levy collections fell Sh1 billion short of target in the year to June after regulations to bring Airbnb rentals, homestays and villas into the tax system failed to take ef... Read More


When grandma's cooking meets Nairobi's fine dining

Nairobi, Sept. 17 -- I didn't know what to expect when I walked into Jiko Restaurant at the Tribe Hotel. The invitation had promised an evening celebrating Kenyan food heritage, with age-old ingredien... Read More