Police are looking for the directors of Melsco Travel Agency and Alisam Universe Travellers Limited who have conned millions of Kenyans in fake foreign jobs placement. Melsco Travel Agency is owned by Cynthia Chepkorir and his estranged husband and at one time operated from Kilimani area in Nairobi while AlisamContinue Reading
Anderson Muthoka was scrolling his mobile phone on January 25th, 2023 when a paid up social media advert popped up inviting him to buy a piece of land in Mugutha area, off Thika Road in Juja Constituency, Kiambu. The offer was palatable, there was partial payment options.The seller had beenContinue Reading
In new evidence filed in the Senate ahead of the DP’s impeachment trial beginning Wednesday morning, a witness said to have been Gachagua’s close associate, has described how the DP allegedly used him to acquire the Olive Garden Hotel. He allegedly paid Sh412 million for the property. Gachagua, in hisContinue Reading
The troubles facing George Ototo, the sacked Kenya Union of Savings and Credit Cooperative Society (Kuscco) Managing director seems to be far from over after detectives based at DCI Headquarters summoned him few weeks ago over his role in the alleged looting of once a giant cooperative society. Mr. Ototo,Continue Reading
Kenyan businesses and agencies hit by cybercrime were last year forced to part with an average of $4.35 million (Sh561 million) to restore their services, Communications Authority has revealed. This saw the country suffer losses amounting to $83 million (Sh10.71 billion), the second highest in Africa. Data by the NationalContinue Reading
Kenyan banker John Gachora, the Group Managing Director and Chief Executive Officer of NCBA Group, one of the leading financial services groups in the largest economy in the East African Community, received a total compensation of Ksh185.76 million ($1.44 million) from the leading lender in 2023. Billionaires. Africa, a business website reports TheContinue Reading
Joshua Oigara, the Chief Executive and Executive Director of Stanbic Bank Kenya Limited, has sued the Directorate of Criminal Investigations (DCI), citing improper summons over a case involving the bank and Air Afrik Aviation Limited. In the case presented before High Court Judge Chacha Mwita, the CEO claims the BankingContinue Reading
The High Court has ordered real estate company Certified Homes Limited owned by one Peter Nyaga to respond to the suit filed by its three US-based clients in a dispute over Sh15.5 million within 14 days. The People Daily Reports. Mr Nyaga is the former Chief executive officer of MahigaContinue Reading
Metropolitan National Sacco’s assets plummeted by 89.3 percent to Sh1.07 billion in 2023, according to a new report. Capital FM reports This dramatic decline follows the revelation of a Sh12 billion loss uncovered by an audit. Data from the Sacco Societies Regulatory Authority (SASRA) indicates that total assets decreased fromContinue Reading
Co-operative Bank of Kenya Profit Before Tax for the half-year period ending 30th June 2024 hit Ksh18.2 billion, growing 10.7% from Ksh16.4 billion recorded in the same period in 2023. This translates to a profit after tax of Ksh13 billion, up from Ksh12.1 billion reported in 2023. The bank’s management saysContinue Reading