Corridors of Power

Nigerian lender Access Bank has replaced key figures allied to associates of former President Daniel arap Moi from Transnational Bank after completing the purchase of a majority stake for Sh1.58...

NAIROBI, KENYA: The Kenya Revenue Authority (KRA) will continue implementing tax plan even after the High Court last week nullified laws passed by the National Assembly without the input of...

The government has been allowed to challenge a Sh3.1 billion payment to a contractor who was awarded a tender to repair major roads in Nairobi through verbal instructions. The award...

The Attorney-General has started collecting names, phone numbers and residential addresses of investors who own more than 10 percent stakes in companies through secret accounts in efforts to unmask illicit...

East Africa’s nascent syndicated loan markets have been upended after a Ugandan High Court declared cross-border lending illegal if done without the permission of the Central Bank. The development could...

Telecommunications and betting companies have won big after a committee of Parliament overturned a proposed law seeking to ban the popular mobile payments for gambling. The National Assembly’s Sports, Culture...

KEY POINTS: National Assembly approved the report by the Defence and Foreign Relations Committee backing the Cabinet decision on the signing of a new five-year agreement that will see Kenya...

Kenya’s oldest pension scheme covering county government employees has lost its bid to stop payment of Sh48.6 million to a city law firm owned by lawyer Donald Kipkorir. The Scheme,...

Anti-graft agencies cannot trace more than Sh5 billion that had been deposited in the bank accounts of Mathira MP Rigathi Gachagua, who is being investigated for alleged money laundering. The...