Govt tells SACCOs to cut dividends, fund bankrupted KUSCCO
The Kenyan government has issued a directive to 247 savings and credit cooperative societies (Saccos) to reduce dividend payouts and redirect funds to offset massive…
Court Orders Bongo Ideas Pay 1.7B to Kojo Forex Over X Post
A court made an important decision that required social media personality Bongo Ideas to pay GHS ₵ 1.7 billion in damages to Kojo Forex, a…
KPA Proposes 20-27% Increase in Cargo Handling Charges
The Kenya Ports Authority (KPA) has suggested raising the fees for handling cargo by 20-27%. This change is expected to make imports more expensive and…
Toyota-Backed CFAO Group to Acquire 69% Stake in Goodlife Pharmacy
CFAO Group is a French company mostly owned by Toyota. They recently announced that they plan to buy 69% of Goodlife Pharmacy. This is part…
Sasa Pay Uncertainity as Regulatory Challenges Mount
Sasa Pay, a Kenyan mobile money and digital payments platform, finds itself at a crossroads as recent developments raise questions about its operational stability and…
Kibaki-Era Tycoons Falls Over Sh3.7 Billion KCB Loan
Proctor & Allan, a prominent Kenyan agro-processing company, has been placed under receivership due to an unpaid debt of Sh3.7 billion owed to KCB Bank…