Category: Business
-
The government collected KSh73.2 billion in housing levy during the financial year 2024/25, surpassing its initial target of KSh63.2 billion by KSh10 billion, a new report has revealed. The levy, which is deducted at the rate of 1.5% of gross monthly salaries, continues to draw mixed reactions from Kenyans. While the collection exceeded projections, the…
-
A 21-year-old self-proclaimed forex trader, Domnic Mutua, popularly known on Instagram as Wabirabusa KE/254, has been arrested in connection with a suspected online investment scam. According to verified police reports, Mutua was arrested last Saturday from his suspected residence and operation base in Kasarani. He was later taken to Mlolongo Police Station, where a complainant…
-
It has been three months since some residents moved to Affordable houses in Mukuru slums, Nairobi. During the launch by President Ruto, several home owners were ushered into the new life from the nearby slums marking a new chapter in their lives. However, some argue that it is not all rose in the new homes…
-
Pipeline in Nairobi’s Eastlands never goes to sleep, in fact you can buy chapati or githeri at 2am in the morning. The estate is alive, even as the rest of the city shuts down in the evening. Both legal and illegal businesses thrive here for 24 hours daily. The estate, according to various sources, covers…
-
Dr Satninder Singh, an investor who believed he was buying 150 kilograms of gold for export, has told a Nairobi court how a forged Kenya Revenue Authority penalty notice and a woman who posed as a senior customs officer helped strip him of more than KSh 150 million. In testimony at the Milimani Chief Magistrate’s…
-
President William Ruto has brushed aside county objections and confirmed that all verified Universal Health Coverage (UHC) staff will be moved onto permanent, pensionable terms effective this month. Speaking in Mombasa on Thursday, September 4, Ruto said Treasury has already wired the money and that salaries will follow the latest rates set by the Salaries…
-
The Anglo Leasing scandal was one of Kenya’s most notorious corruption cases, involving a web of fraudulent procurement contracts awarded between 2001 and 2004. These deals, valued at around US $770 million (about Sh 110 billion in today’s value), were for critical security projects such as tamper-proof passports, a forensic laboratory, and an oceanographic survey…
-
In January 2025, the Ministry of Finance and National Treasury authorized the withdrawal of KSh 19.7 billion from the Consolidated Fund under the vote “State Officers’ Salaries, Allowances and Miscellaneous.” Evidence shows this money was unlawfully diverted to a broker, disguised as repayment to creditor banks, and executed without parliamentary approval. Gazette Notice No. 1864…
-
What makes a good leader? A good leader is someone who is able to diagnose a problem correctly and implement a solution. We can argue on the solution but the problem has and was the debt crisis. Solving the debt crisis has reduced interest rates, boosted equities on the NSE, increased FX reserves, reduced the…
-
Affordable Housing in Kenya Kenya’s housing deficit of 150,000 units a year has prompted a partnership between property developers and the national business lobby to push financing and policy reforms. The Kenya Property Developers Association (KPDA) said it will use its members’ technical expertise and on‑the‑ground experience to work with the Kenya National Chamber of…