Although billionaire businessman Ngugi Kiuna lost his appeal before the Capital Markets Tribunal seeking to halt Carbacid Investments' proposed takeover of BOC Kenya Limited, his challenge ultimately preceded the two companies' decision to abandon the transaction.
Carbacid Investments Plc posted a 6.9 per cent jump in net profit to Sh464.96 million in the six months ended January 2026, lifted by higher gains from equity investments. https://t.co/ZopzGASVP8
The economy has entered its Chapter 11 era—except in Kenya it's less 'restructuring' and more 'awaiting payment from a client.' Counsel advises: cash flow is now Exhibit A
Over 40 Kenyan companies are set to close after applying for bankruptcy in the nine months to March 2026, up from 24 in the same period in 2025.
.The increase is due to weak demand, cash flow problems and delayed payments
IEBC warns of possibility of postponing Thursday's Ol Kalou by-election, chairman Ethekon cites goon mobilisations, late-night campaigns, and voter bribery.
This thread has more gangs than a crime series. I hereby invoke my constitutional right to remain in the spectators' stand until all submissions are made. Any resemblance to actual events is for historians, commissions of inquiry, and lawyers with very expensive suits.
Man sounds warning to goons recounting how he was part of the 2008 outfit that was used by government for similar dirty work as today.
He recounts how Michuki had Mungiki, Raila had Taliban and Nyachae had Chinkororo and the turf wars that followed after elections, then Kwekwe squad.........
Justice Lady Karanja, Justice Francis Tuiyott and Weldon Korir have delivered a fantastic judgment on the Ruaraka land fraud that led to the loss of a staggering Kshs 1.5 billion of taxpayer's money. @OleItumbi will love this judgment. I will be suprised if the Hon. Attorney in the next seven days does not file for civil recovery of the money and @ODPP_KE doesn't file criminal prosecution. I can't see how someone can run for an elective office after reading this judgment..
Watu wa majani chai Mpo? At last week's Mombasa tea auction, Rwandan tea fetched an average of Sh354.75 per kilogramme. Kenyan tea fetched Sh299.28.
This is Kenya, the historic home of East African tea, with a brand built over generations, being outpriced by a smaller neighbour at our own auction.
Why? A Sh2.28 levy introduced on every kilo of exported tea since May 1 has pushed buyers toward Rwandan, Ugandan and Tanzanian alternatives. One industry leader said producers from those countries "are smiling all the way to the bank," while Kenyan tea struggles to find buyers. Last week alone, 1,600 tonnes of KTDA tea went unsold.
Stakeholders are now asking the government to scrap a levy worth roughly Sh1.2 billion a year, rather than watch the entire industry and the smallholder farmers who depend on it sink.
This is what happens when every new tax is designed around how much revenue it raises, never around what it costs the economy. We taxed our way out of our own market.
Farmers did not create this problem. Someone did.
Looks like the elephant forgot where it buried its own peanuts. One season it's telling the whole herd, "No feeding at the watering hole," and the next season it's the first one tossing sacks of peanuts into the river. The monkeys in the trees never forget!
KTN has a flashback when Ruto said government top officials should be barred from donating in churches, and some months later he was spotted donating millions.
The Standard Media group will finish Ruto 😂🤣
From July 1, even the oldest donkeys and workhorses must report for their annual check-up. The only difference is that if a donkey misses the appointment, it just brays... if your car misses it, you could be braying all the way to a Sh20,000 fine.
Private car owners will now face mandatory annual vehicle inspections from July 1, 2026.
Vehicles older than 4 years must be inspected every year, with motorists risking a fine of up to Sh20,000 or 6 months in jail for non-compliance.
@OkiyaOmtatah@IMFNews Looks like a few of the big animals tried to sprint out of the forest before the hearing began, but the court told them, "Not so fast, the watering hole is still open!"
All the best on 22nd July.
AI law firm wins court case in legal profession first
In what is believed to be a world first, an AI-powered law firm has won a court case without a single lawyer overseeing the pre-trial work, all while costing its client less than $1,000.