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Latest Business news in Kenya and political news from Kenya

Peter Munga’s Multi-Billion Power Play That Stunned Africa

Painting Munga as an uncompromising businessman, the commission concluded: "Peter Munga was a business tycoon and all the Mauritian professionals involved put together were no match for him singly alone. He was able to dictate both time and terms, price and party."

Bank Manager Sued For Fraud Claims Sh200 Million After Winning Case

Mr Ndegwa had been accused of conspiring to steal Ksh163 million from the bank, and now says their prosecution was made in bad faith and on unfounded claims. Mr Ndegwa says the lender, the DPP and the Inspector General of Police should be made to pay for the suffering he underwent and for loss of earnings. He says the police failed to conduct proper investigations before arraigning them.

AU Secures 400 Million Vaccine Doses for Member States

The direct acquisition of vaccines by the African countries through the AVATT initiative is part of the continental objective to achieve a minimum of 60% immunization of the African population, in order to eliminate COVID-19.

Why Companies Should Prepare for More Political Disturbances and Violence Ahead

Causing physical damage, business interruption or loss of revenues, civil unrest incidents are becoming a more significant risk for companies in the current environment, as reflected in the findings of the Allianz Risk Barometer 2021. In the annual global risk survey, ‘political risks and violence’ returned to the top 10 risks for the first time since 2018.

Centum Issues Profit Warning, Eyes Ksh10B Real Estate Cash

The firm expects net earnings to be at least 25 per cent lower than that reported in the last full financial year. In November 2020, the listed firm had caused jitters after releasing its half year results for 2020/21 - posting a Ksh1.7 billion loss for the period ended September 30, 2020 down from a Ksh6.7 billion profit recorded in the same period last year.

Kenya Plays Hardball in Somalia Maritime Border Dispute Case

A brief from the Ministry of Foreign Affairs indicates that Kenya is collecting additional evidence in the matter, which will be of value only if it is given ample opportunity to prepare for proper and effective presentation to the court. The Kenya Government says the current timelines, and in the context of the Coronavirus pandemic, have made it difficult for Kenya to have this opportunity.

Eveready Taps Sameer Executive as Acting Managing Director

Masaki joins the loss-making battery manufacturer from Sameer Group, where he was the Finance Manager. He will perform as Acting MD pending the appointment of a substantive Managing Director by the board.

Auctioneers’ Desperate Search for Buyers in Newspapers Reveals Kenyans’ Struggles

A keen look at the auction notices tells a deeper story. Auctioneers are struggling to find buyers leaving them stuck with re-possessed properties, with harsh economic times meaning that fewer Kenyans are willing or able to acquire the repossessed vehicles, land, buildings and office equipment

Irreplaceable CEO? Lancet Appoints 3 People to Take Over from Kalebi

Kalebi's official title was Group Managing Director, CEO and Chief Consultant Pathologist - highlighting the different roles he took on at the organization. The roles will now be split between Mwende Musunga as Group CEO, Matthieu Goge as Group Managing Director and Dr. Charles Wahome as Chief Consultant Pathologist.

5 Important Tips for Your Business Website

Many companies and even small businesses have accelerated their digital initiatives to include an online presence and stay relevant to their customers.