SHOCK: Kenya Airways in a MASSIVE LOSS of Sh29.7billion, FORCED to borrow sh20b to SURVIVE

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National carrier Kenya Airways has recorded a pre-tax loss of Sh29.7 billion for the 2014-2015 financial year against Sh4.8 billion during the 2013-2014 financial year. While reporting the findings Thursday morning, KQ’s CEO Mbuvi Ngunze attributed the loss to increased overhead costs which he said stand at Sh25 billion. Ngunze added that the fuel costs […]

WHY Popular Moi University students pub ‘FRACAS’ was shut down permanently

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By Third Eye The crackdown on second generation beer has just been completed in Talai shopping Center, Moi University, that has seen all entertainment joints in the centre shutdown on grounds they are located 500 metres from a learning institution. The operation led by the Uasin Gishu county government and the NACADA officials ambushed numerous […]

Auditor General CONFIRMS Ann WAIGURU’s ministry LOST kshs.8 Billion via alleged ”CORRUPTION” network deals

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By BusinessDaily The Devolution and Planning ministry is in the eye of a new storm after the auditor-general submitted a report to Parliament showing it had acquired non-financial assets worth Sh8 billion without supporting documents indicating when payments were made, amounts involved and the purpose of the procurements. Edward Ouko, the auditor- general, has also […]

AMAZING FACTS: INSIDE Obama’s Presidential LIMOUSINE- the BEAST, to arrive at JKIA ahead of the ENTOURAGE

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Designed from the ground up by the Secret Service, President Barack Obama’s $1.5 million “Cadillac One,” aka “The Beast,” is a moving fortress impenetrable by bullets and bombs. The president has 12 identical limos in rotation and, when not in use, they’re parked in the basement of the Secret Service’s headquarters and are under 24-hour […]

HOW CS Waiguru’s acclaimed IFMIS system was used to STEAL billions in Malawi

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The scandal at Devolution Ministry over IFMIS is big. It is now safe to say billions of Kenya’s taxpayer money has been ripped off through the system. In Malawi, billions of Kwacha were stolen using the country’s IFMIS system which officials then erased from the software making auditing of the system impossible. In Kenya, with […]

HOW Waiguru attempted to use CID police to COVER UP NYS multi-million CORRUPTION scandal

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Fresh details have emerged on how the Devolution ministry attempted to arm-twist Treasury officials to alter details of the controversial Sh826 million National Youth Service (NYS) payments in the electronic platform known as the Integrated Financial Management Information Systems (IFMIS). Documents also show that Treasury Principal Secretary Kamau Thugge had, in a letter dated May […]

BUSTED: Uhuru’s CS Anne Waiguru LINKED to NYS mutli-million alleged CORRUPTION SCANDAL

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Waiguru brought in officer to handle procurement THE Central Bank has written to the Ministry of Devolution about questionable payments of hundreds of millions shillings to private companies through the National Youth Service. The CBK letter comes amid claims that Devolution and Planning CS Anne Waiguru has fallen out with NYS Director General Nelson Githinji. […]

BUDGET ANALYSIS: Some 34 ITEMS included in 2015/16 Budget that AFFECTS YOU

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The 2015/16 budget was read yesterday. Here are highligts from the speech. Sh287bn for County Governments, with Sh259bn of that as shareable revenue. Another Sh23.7bn set aside as conditional allocations. Despite tourism sector contraction, economy grew 5.3% in 2014/15 and should accelerate to 6.5-7% is 2015/16, the CS says, maintaining that pace over the medium […]

IMF warns Uhuru over LUXURY SPENDING, World Bank says standard gauge railway makes NO ECONOMIC sense!

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According to a report appearing on Business Daily, the International Monetary Fund (IMF) has told Kenyan authorities to stop wasteful spending, noting that the State had already breached fiscal deficit targets. In a mission to Kenya between May 20 and June 2, the IMF said that Kenya should also increase revenue in order to meet priority […]