Kenya Regulator Says Airtel Permit Still Awaiting Public Submissions

(NAIROBI, KENYA) – Airtel Kenya’s operating licence status remains unclear after the Communications Authority of Kenya said the telecoms operator’s applications are still awaiting public submissions. The regulator said in a gazette notice dated 28th August that Airtel Kenya’s applications for a network provider permit and a satellite provider authorisationContinue Reading

Bank of Baroda Administrators Ordered Out of Infinity Industrial Park

(NAIROBI, KENYA) – A legal fight over control of a multi-billion shilling industrial park on Nairobi’s Eastern Bypass has intensified between Bank of Baroda Kenya and Infinity Industrial Park. The dispute began with a KES1.976 billion ($15.2 million / £12.1 million) loan issued to Infinity in 2019. It has sinceContinue Reading

Rupsa Sacco Moves to Block State Liquidators in KES17.7bn ($108.6m) Kuscco Collapse

(NAIROBI, KENYA) – A Ruiru-based savings and credit cooperative society has moved to court to block the three liquidators appointed by the State to wind up the Kenya Union of Savings and Credit Co-operatives (Kuscco), arguing that the appointments threaten existing court orders protecting the umbrella body’s assets. Rupsa Sacco,Continue Reading

Kenya Agencies Pledge Closer Cooperation on Grey List

(NAIROBI, KENYA) – Kenya has stepped up efforts to secure its removal from the Financial Action Task Force (FATF) grey list, with top law enforcement and financial crime agencies reviewing outstanding reforms needed to strengthen the country’s anti-money laundering and counter-terrorism financing regime. Director of Public Prosecutions Renson Ingonga chairedContinue Reading

Carrefour and Koko Appeals Stuck as Tribunal Lacks Quorum

(NAIROBI, KENYA) – Ten high profile disputes involving firms and the Competition Authority of Kenya have been thrown into limbo after the Competition Tribunal lost the quorum required to hear and determine appeals against decisions by the regulator. The tribunal’s secretary and chief executive officer, Julius Mutua, has urged TreasuryContinue Reading