EABL axe executive named in BAT-Kenya scam

December 1, 2015

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East Africa Breweries Limited has axed its group corporate relations director Julie Adell-Owino. Adell-Owino was extensively named in the BAT-Kenya bribery claims in a BBC Panorama program (Read it here). “In 2012, BAT lobbyist Julie Adell-Owino arranged bribes totalling US$26,000 for three public officials in Rwanda, Burundi and the Comoros Islands. All three officials were connected […]

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Approach infrastructure financing deficit with more efficiency – Qalaa Holdings

November 20, 2015

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  African governments have been urged to improve on efficiency to narrow the gap on infrastructure financing. According to Qalaa Holdings Managing Director in charge of Transport and Logistics Karim Sadek, the current $ 17B of the $93B infrastructure financing deficit in Africa is due to lack of efficiency. This he noted while speaking at the Infrastructure […]

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Airports Authority warns buyers off Uchumi Supermarket Langata Rd branch.

November 19, 2015

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Plans by listed retailer Uchumi Supermarket to sell one of its iconic branches -Langata road , has hit a snag. The firm had in October announced that it would sell the hypermarket as part of its fundraising to return to profitability. However, the Kenyan Airports Authority has said the retailer cannot and will not sell […]

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Why did W.E Tilley receive tens of millions of shillings every week from Imperial Bank’s JanMohammed.

November 10, 2015

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The puzzle on the passionate connection between W.E Tilley (Muthaiga) and Imperial Bank deceased MD Abdulmalek Janmohammed continues weeks after the bank was placed under the care of the Central Bank of Kenya. What was the arrangement? What was the money intended for? How long could this have gone on? These are some of the […]

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Orange finally agrees to a deal with Helios.

November 9, 2015

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Is Kisumu an International Airport only on paper?

November 9, 2015

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February 12, 2012, retired President Mwai Kibaki officially launched the Kisumu International Airport. The airport built at an estimated cost of Sh3 billion was expected to among other things open up Western Kenya and boost the region’s economy. Years later, an assessment of the airport indicates that it’s yet to take off. Various media reports […]

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Prime Bank and Fidelity Commercial Bank seeks to join Imperial Bank claims on fraud suit

October 29, 2015

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Two commercial banks have moved to court as interested parties in the suit by Imperial Bank to reclaim looted funds from associates of its deceased managing director. In court papers seen by #Bizextra, Fidelity Commercial  Bank notes that some of the assets listed for recovery are charged to them. The banks are now seeking to […]

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