(NAIROBI, KENYA) – A former associate has sued Rock Investment Bank for KES 137.2 million ($1.06 million / GBP 803,000) in commission tied to the firm’s advisory role on the Kenya Pipeline Company initial public offering in March 2026. The government raised KES 106 billion ($818 million / GBP 620Continue Reading
(NAIROBI, KENYA) – South Africa’s Vodacom Group will appeal and seek a stay order to keep its majority ownership of Safaricom after Kenya’s High Court nullified its purchase of an extra 20% stake in the telecoms operator on 30th June 2026. The court ruled on Tuesday that the National TreasuryContinue Reading
(NAIROBI, KENYA) – A dispute between former shareholders and business partners of Savannah Cement over a contested KES 4.5 billion ($34.8 million / GBP 25.7 million) bank loan has moved to Kenya’s Court of Appeal. Savannah Heights Limited and businessman John Gachanga Kaiganaine have challenged a High Court decision thatContinue Reading
(NAIROBI, KENYA) – A bitter family dispute has ended with two children of a former Kenyan Cabinet minister being declared bankrupt over KES 4.83 million ($37,400 / GBP 27,700) in unpaid legal fees tied to their father’s KES 250 million ($1.9 million / GBP 1.4 million) estate. The High CourtContinue Reading
(NAIROBI, KENYA) – The owners of Nairobi’s 14 Riverside complex want Kenya’s High Court to rule on whether a section of the Banking Act is unconstitutional for allowing interest on court-awarded debts to exceed the principal amount, exposing borrowers to disproportionate claims. Cape Holdings Limited and its directors are challengingContinue Reading
(NAIROBI, KENYA) – The High Court has quashed the Government’s sale of its 15% stake in Safaricom to Vodacom Group after finding that material information regarding the transaction was concealed from the public. A three judge bench held that the deal, which was completed on 30th June, 2026, had beenContinue Reading
(NAIROBI, KENYA) – Kenya’s Capital Markets Authority has warned the public against investing in 15 funds it says are operating illegally in the country, including two schemes that have drawn thousands of Kenyans in recent months. The regulator named Global Investment Group and Quant Vest Stock Exchange among the unlicensedContinue Reading
(NAIROBI, KENYA) – East African Community (EAC) nationals can live, work and run businesses in Kenya without paying for a work permit, even as a pronouncement by President William Ruto to bar foreign nationals from operating micro and small enterprises stirs unease in the region. The pronouncement has particularly unsettledContinue Reading
(NAIROBI, KENYA) – Kenya’s High Court has dismissed a lawsuit filed by the Consumer Federation of Kenya (Cofek) seeking refunds from Stanbic Bank for revellers who attended a music festival organised by the lender in Nairobi on 10th June 2023. The consumer lobby group had claimed that hundreds of fansContinue Reading
(NAIROBI, KENYA) – Questions over missing records at the Kenya Civil Aviation Authority (KCAA) have deepened a dispute over recruitment of the state agency’s next director general, with the High Court noting that the matters raised require a full hearing. The court noted that the petitioners had complained that KCAAContinue Reading
