British American Tobacco Kenya (BAT Kenya), a subsidiary of the global tobacco giant British American Tobacco (BAT), has found itself at the center of controversy following a new study that suggests the company may have evaded up to Ksh 9.6 billion (approximately $93 million) in taxes. The research, conducted by the Tobacco Control Research Group […]
Archives for February 2025
Co-operative Bank Reduces Lending Rates to Boost Economic Growth
Co-operative Bank has announced a 2% reduction in its base lending rate, lowering it from 16.5% to 14.5% per annum. This move takes effect immediately and is expected to increase credit access, especially for small businesses and individuals in need of affordable financing. What This Means for You Borrowers will now access loans at a […]
Maybets Launches Romance Na Punch Campaign for Valentine’s Rewards.
As love fills the air this Valentine’s season, Maybets is adding a romantic twist to the celebration with an exciting promotion dubbed Romance na Punch ya Maybets App! From Thursday, 13th February to Sunday, 16th February 2025, Maybets is giving punters a chance to feel the taste of love and luck with amazing rewards. A […]
KUSCCO Scandal: Arrests Made as Investigation Uncovers Massive Fraud
Today, February 12, 2025, officers from the Directorate of Criminal Investigations (DCI) Headquarters arrested key individuals linked to a massive fraud and money laundering scheme at the Kenya Union of Savings and Credit Co-operatives (KUSCCO). The arrests come after extensive investigations into financial misconduct amounting to billions of shillings. Arrested Individuals: Jackline Pauline Atieno Omolo […]
CS William Kabogo in Legal Battle Over Ksh 380 Million Land Dispute
Cabinet Secretary for Information, Communications, and the Digital Economy William Kabogo is embroiled in a bitter legal dispute with his uncle, Kimani Kabogo, over the ownership of land valued at Ksh 380 million. The conflict dates back to 2006, when Kimani claims to have uncovered fraudulent dealings regarding the property. He filed a lawsuit in […]
Sheria SACCO Members Protest Over New Loan Repayment Rules Under DCJ Mwilu
A storm is brewing at Sheria SACCO as members protest a new directive denying dividends and interest on share capital to those who previously defaulted on their E-Loans. The SACCO, which serves members of the legal profession, including judges, magistrates, lawyers, and judicial staff, has come under fire for what many are calling unfair financial […]
KUSCCO Scandal: How Top Executives Stole Ksh 13 Billion from Sacco Members
KUSCCO SCANDAL- In a shocking revelation, top executives at the Kenya Union of Savings and Credit Co-operatives (KUSCCO) have been implicated in a massive financial scandal involving the misappropriation of over Ksh 13 billion. This breach of trust has left many questioning the integrity of institutions meant to safeguard members’ savings. Key Findings from the […]
KCB Bank Kenya Lowers Base Lending Rate to 14.6% Amid Strong Financial Growth
KCB Bank Kenya has announced a significant reduction in its base lending rate from 15.6% to 14.6% per annum, following recent adjustments to the Central Bank Rate (CBR) and Cash Reserve Ratio (CRR) by the Central Bank of Kenya. The new rate, effective February 10, 2025, is set to benefit borrowers by making credit more […]
Erick Okoth Declares Bid for Kwabwai Ward MCA Seat
Erick Okoth has officially announced his candidacy for the Member of County Assembly (MCA) seat in Kwabwai Ward. He says it’s time for change. Speaking to journalists at his Nairobi home, Erick made it clear that he wants to focus on education and development. Why Erick Wants to Lead Erick has been actively involved in […]
EXPOSED: How A Billionaire Cartel Has Controlled Teachers’ Medical Cover for Nine Years in Sh161 Billion Scandal
MINET– A shocking petition filed in the National Assembly has unmasked how a powerful consortium of insurance firms and two companies linked to a billionaire with vast medical interests have monopolized teachers’ medical cover for nine years, bagging Sh161 billion in the process. Even more disturbing, the same cartel-controlled firms have also won lucrative contracts […]