Billionaire Vimal Shah, Chairman and Co-Founder of Bidco Africa, has told a Kenyan court how his company lost Sh102.4 million in a failed forex deal.
We take a deeper look at what is going on in the case below.
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KCB Group has asked the DCI to investigate an alleged Sh147 billion remittance linked to Foxcapital.
We take a deeper look at what is going on in the case below.
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NTV has documented former CBK Deputy Governor Jacinta Mwatela’s 32 years at the Central Bank and the scandals she says she encountered.
Here are the full highlights from the scandals.
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If you want to know about a girl’s past, you don’t need to hire a private investigator.
You just need to ask her a few tricky questions.
For example, ask her……
KRA's brand new ACD import system has been taken to court.
There is a Kenyan tech company called Greenworld Big Data Limited.
In 2023, KRA invited the company to Times Tower for a presentation.
Greenworld's director, Mr. Munene, says the company had developed a digital cargo declaration system called ACID.
The idea was, before cargo leaves China or any other country, the exporter declares it electronically. KRA then knows exactly what is coming into Kenya before the ship even sails.
Greenworld presented the system to KRA, hoping KRA would buy it.
During the presentation, Munene says, all the top KRA officials were nodding their heads and appeared wowed by the system.
Greenworld left thinking: Baas, hii software tunauzia KRA.
Fast forward to 3rd August 2026.
KRA officially launched the Advance Cargo Declaration (ACD) system without Greenworld.
Greenworld has now sued KRA and John Mbadi, claiming that,
- KRA copied its idea without paying for it.
- And that KRA only edited "I" from ACID.
Greenworld wants the court to order one of two things:
• KRA should stop using the ACD system. Or
• If KRA continues using it, KRA should pay Greenworld a 30% royalty on the value, savings, and efficiencies generated by the system.
The court will now answer one question.
- Did KRA independently develop the ACD system, or did it unlawfully copy Greenworld's technology?
Over Sh629 billion worth of imports from China cannot be traced in KRA's 2025 import records, according to new data.
This comes after China's customs data showed it exported Sh1.3 trillion worth of goods to Kenya, while KRA recorded imports worth only Sh672 billion.
This circles serves as a trench between you and Arachnids that are very dominant in the desert at nights, even if a scorpion approaches you, at it gets into the crest of that circle, it will be following that crest continuously instead of coming out of it... Despite the scorching heat during the day, deserts are cold at nights. I'm very familiar with different terrains in the desert...
Dangote refinery now says it has a surplus of jet fuel and can supply it globally, according to its CEO.
The 650,000 barrels per day refinery has been running at full capacity, producing excess jet fuel due to lower demand in Africa, leaving extra output for export.
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Breaking update on new fuel prices:
EPRA has announced new fuel prices effective from May 19 to June 14, 2026.
New prices:
Petrol remains at Sh214
Diesel down by Sh10 to Sh232
Kerosene up by Sh36 to Sh191
Asanteni sana ..we appreciate your ideas and suggestions towards improving the road infrastructure. As an Authority we assure you that we positively take note of your input and promise to implement as we strive to Transform Urban Mobility. Tuzidi pamoja...👊
Workers earning below Sh50,000 will not get the promised PAYE cuts after the proposal was left out of the new Finance Bill 2026.
Earlier, the Treasury CS had proposed reducing PAYE for low-income earners, but the changes were not included in the Bill.