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Rigathi Gachagua

President Ruto's Administration

Thursday, July 03, 2025

M-Kopa sued over ownership racial bias

Petition alleges that African staff at the operational core were systemically denied the opportunity to benefit from the firm's success.

Why standoff on land payout could plunge nation in power blackout

Landowners threaten legal action if Ketraco does not compensate them for the electricity transmission lines running through their land.

Companies May 26
Telkom remains in regulator’s red zone over poor services

It scored 67.6 percent, failing to meet the minimum KPI threshold of 80 percent.

Companies May 23
Why senators oppose lease of State-owned sugar mills

Legislators question the public participation conducted before the factories were handed over to the lessees.

Companies May 15 Listen
Chaos mars handover of State-owned sugar mills

Government’s move to revive the sugar sector faces resistance as stakeholders claim they were sidelined.

Companies May 14 Listen
Why KRA wants court to dismiss Devki case challenging Sh1.6bn tax bill

The tax bill is for plant and machinery the firm had imported to establish a mega steel factory.

Companies Apr 21 Listen
Forex losses sink Bamburi into Sh905m net loss

The cement maker saw its net loss widen from a Sh399 million net loss posted a year earlier.

Companies Apr 17
Senators to the rescue of brewery employees sacked 28 year ago

The former employees were sent home after KBL undertook a restructuring process aimed at cost-cutting.

Companies Apr 16 Listen
SBM Bank Kenya posts first profit in a year

SBM spent the whole of last year in the red, closing with a net loss of Sh1.07 billion.

Companies Apr 15
Rise of Konvergenz in big tenders league

Most of the contracts it bagged have gone under the radar.

Companies Apr 13 Listen
Portland cement auctions land to pay Sh2.5bn salary arrears

The use of land to settle salary arrears follows a 2016 court ruling in favour of contract workers hired by the firm.

Companies Mar 30
Inside manufacturers’ wish list to revive limping sector

They say the sector’s growth potential remains stifled by a bad business environment.

Companies Mar 29
Drivers hit as taxi-hailing firm Bolt transfers VAT obligation to them

Bolt says it has absorbed the VAT obligation over the past 15 months on behalf of the drivers.

Companies Mar 28
Britam net profit up 53pc to record Sh5bn

The earnings mark the fourth straight year of profit growth.

Companies Mar 28
Equity full-year net profit up 10.8pc on interest income

Equity Group’s regional expansion pays off.

Companies Mar 27
You can’t resign, court tells Cytonn boss Patricia Njeri Wanjama

Justice Helene Namisi says the exit of Ms Wanjama was an attempt to escape liability.

Companies Mar 27
Revealed: State’s plan to save struggling Posta

Posta will help deliver passports and targets up to Sh300 million from the venture.

Companies Mar 21
Absa declares record Sh9.5bn dividend as profit rises 27pc

Absa Bank Kenya net profit for the full year to December stood at Sh20.87 billion.

Companies Mar 21
StanChart to pay record Sh14bn final dividend as profit soars

The bank’s 45 percent growth in net profit was largely driven by higher income.

Companies Mar 19
Old Mutual allowed to sell iconic tower amid row with tycoon Kibe

Kibe claims that Old Mutual has defrauded him of his investment.

Companies Mar 13
Farmers’ shock at Sh3bn Mumias tax arrears

Cane farmers are questioning Mr Rao's operations that led to failure to remit taxes.

Companies Mar 10 Listen
Private firms in longest growth streak in 3 years

Stanbic Kenya Purchasing Managers Index steady at above 50 positive outlook.

Companies Mar 06 Listen
Sacco provisions for Kuscco scandal losses hit Sh1.8bn...and rising

Forensic audit reveals irregularities including cooked accounts and theft by executives.

Companies Mar 02 Listen
Kenya Pipeline ordered to pay Sh200m for Taita Taveta farms oil spill

KPC to compensate the 270 residents of two villages in Taita Taveta over the 2016 spillage.

Companies Mar 01 Listen
Safaricom faces class action suit in agent commissions row

Goodweek Inter-Services Ltd says the telco introduced unrealistic targets to block merchants from earning commissions.

Companies Mar 01 Listen
Unga Group makes first profit in two-and-a-half years

The big drivers in the profitability was reduced cost of sales and lower finance expenses.

Companies Feb 28
Metropolitan Sacco now insolvent, declares State

Despite the insolvency, the state is unlikely to wind up the Sacco.

Companies Feb 28 Listen
Kenya Airways suspends flights to Mauritius

KQ cites deteriorating weather conditions due to an approaching tropical cyclone.

Companies Feb 27
Setback for Mumias Sugar in row with KRA

Sugar miller's receiver manager fails in bid to challenge the demand from KRA.

Companies Feb 27 Listen
Win for Fidelity Bank shareholders in Sh2.5bn claim dispute with SBM

Court declines to stop the case against SBM Holdings.

Companies Feb 22