(NAIROBI, KENYA) – Advocates and certified secretaries will lose their licences for fraudulent filings at the Business Registration Service (BRS) under a proposed code of conduct, while regaining a direct channel to make submissions without seeking consent from company directors. Following a consultative meeting with the Institute of Certified SecretariesContinue Reading
(NAIROBI, KENYA) – Bar owners want Parliament to stop the ongoing public participation exercise on the Tobacco Control (Amendment) Bill, 2024, and expand it beyond Nairobi, as they oppose several provisions they say could raise the cost of business and fuel illicit trade. The Pubs, Entertainment and Restaurants Association ofContinue Reading
(NAIROBI, KENYA) – A fresh petition has been filed at the High Court challenging Philip Mainga’s tenure as Kenya Railways Corporation (KRC) Managing Director, days after another petitioner sought to withdraw a similar case filed in Kisumu in which a judge had issued interim orders barring him from office. TheContinue Reading
(NAIROBI, KENYA) – KCB Bank has been allowed to place apartment blocks owned by Northcote Business Centre under administration to recover defaulted loans of $16 million (KES2 billion / £12.6 million). Northcote borrowed the sums from National Bank of Kenya. The loans are part of the portfolio KCB inherited afterContinue Reading
(NAIROBI, KENYA) – Businessman John Ngumi has lost his bid to keep his fight against the Ethics and Anti-Corruption Commission (EACC) out of the specialised anti-corruption court, with the Constitutional and Human Rights Court ruling that the case belongs in that division. The case concerns the EACC investigation into theContinue Reading
(NAIROBI, KENYA) – NCBA Bank has challenged the decision by Director of Public Prosecutions Renson Ingonga to prosecute its chief executive officer John Gachora for allegedly failing to report suspicious transactions linked to the KES363.3 million ($2.52 million / £1.98 million / €2.34 million) fraud at First Assurance Investment Ltd.Continue Reading
(NAIROBI, KENYA) – The High Court has rejected a petition to liquidate a solvent company after a couple failed to resolve a dispute over its management and assets, ruling that liquidation should not be the first remedy for a shareholder disagreement. The court dismissed Joan Catherine Wangui’s petition against herContinue Reading
(NAIROBI, KENYA) – Huduma Kenya has warned the public and its staff against a fraudulent email account being used to impersonate the agency’s Chief Executive Officer. In a notice issued on Monday, 17th August, the agency cautioned the public against responding to suspicious communication or sharing sensitive information. “Huduma KenyaContinue Reading
(NAIROBI, KENYA) – The High Court has blocked construction company EPCO Builders from attaching and selling assets of Limuru based cereals manufacturer Proctor & Allan (EA) Limited to recover a KES 150 million ($1 million / £810,000) debt. Instead, the court gave Kenya Commercial Bank (KCB) priority over the sameContinue Reading
(EMBU, KENYA) – The Pest Control Products Board (PCPB) has seized fake and unregistered home and farm pesticides with a street value of approximately KES 1 million ($6,900 / £5,400) in Embu and Kirinyaga Counties. The operation saw three suspects arrested and set to be arraigned in court. It formsContinue Reading
