Uhuru Kenyatta’s NCBA Deal Scandal: Tax Exemption Controversy Explained

Uhuru Kenyatta’s NCBA Deal Scandal: Tax Exemption Controversy Explained

The 2019 merger between NIC Bank and Commercial Bank of Africa (CBA) to form NCBA Group was a landmark deal in Kenya’s banking sector. However, the exemption from stamp duty granted by then-Treasury CS Henry Rotich has returned to haunt former President Uhuru Kenyatta, with Kenya Kwanza leaders now accusing him of tax evasion and … Read more

List of Digital Credit Lenders Approved In Kenya 2024

Digital Credit Lenders

Starting tomorrow (January 31st, 2023) Digital Credit Lenders operating on the Google Play platform targeting users of Android devices, have to contend with some new requirements. These are measures put in place by Google to make sure that they are dealing with legal entities in Kenya that have the capacity to handle the necessary data involved, … Read more

Peter Kenneth Share In Sh5bn Mayfair Bank sale

Peter Kenneth

Politician Peter Kenneth, lawyer Ambrose Rachier and city tycoon Amos Gichuki Ngonjo are set to receive $40 million (Sh4.98 billion) for the sale of their remaining stakes in Mayfair Bank to Egypt’s Commercial International Bank (CIB). The three are among the 32 investors who have agreed to sell their combined 49 percent stake in Mayfair … Read more