Courts
Gambling firm MozzartBet is back in court as it seeks to overturn the forfeiture of Sh302 million to the government after the money was declared proceeds of crime. MozzartBet argues in a notice of appeal that it risks losing the millions of shillings meant to procure some software to upgrade
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Toyota Tshusho is now part of the of subsidy fertilizer supply under a government supported scheme to benefit farmers. The move to have Toyota subsidiary supply fertilizer to National Cereals and Produce Board (NCPB) will increase the access of fertilizer by farmers as shortage of the crucial input bites. Toyota
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Microsoft Africa Development Centre (ADC) managing director Jack Ngare has landed a lucrative job with American tech giant Google where he will join their cloud business as a technical director in the Office of the Chief Technology Officer (CTO). Mr Ngare was heading Microsoft’s tech innovation and development center,
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Major oil marketers have bowed to government’s pressure to sell oil and other petroleum products to small oil firms in a move that aims to prevent another fuel shortage. The agreement was arrived at during a meeting brokered by the Ministry of Petroleum where oil marketing companies accepted to
Courts
High Court has suspended the decision to cancel the contract given to Sarrai Group, a Ugunda based firm, to run the troubled Mumias Sugar Company for 20 years. Justice Dorah Chepkwony ruled in favour of Sarrai that had moved back to court claiming that it was condemned before being heard
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Energy Cabinet Secretary Dr. MonicaJuma is on the spot for following a defunct law to appoint six directors of Rural Electrification and Energy Corporation (REREC), excluding nominees of the Council of Governors (CoG) from the board. Juma hired the directors to serve at the State Corporation for a three year
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Centum Investment and its subsidiary Bakki Holdico Ltd have raised their combined stake in Sidian Bank to 83.41 per cent through a rights issue. Sidian Bank disclosed in its latest annual report that only Centum and Bakki—a wholly-owned subsidiary of Centum—participated in the rights issue that was
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The High Court has given the Ethics and Anti-Corruption Commission (EACC) green light to probe the multibillion- shilling Tatu City real estate project in Kiambu over tax evasion and money laundering claims. Justice Esther Maina allowed the anti-graft agency which has the powers to investigate the offences Tatu City is
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Ethiopia has began making changes to its national payment laws to pave way for Safaricom to introduce its popular M-Pesa services in the market that boasts of over 100 million people. The country’s central bank has drafted a Bill that will allow foreign investors to offer mobile money transfer
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The government has reviewed Nairobi Expressway toll charges to match the weak shilling against the strengthening of the dollar. The new move will see motorists paying up to Sh350 more to use the road that links Mlolongo to the Nairobi-Nakuru highway. Motorists using the road via Jomo Kenyatta International Airport
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DP William Ruto has announced that he and the Kenya Kwanza alliance members have postponed all their political activities for the next 3 days to mourn the third President of Kenya the Late Mwai Kibaki.
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A story published in the January 24th-30th 2022 edition of Weekly Citizen under the headline; “Centum in another Sh17 billion shares fraud case” falsely accused Centum Investment Plc of failing to pay Raisin Limited Sh340 million “finder’s fee” arising from a capital raising transaction that will see Centum get