President Uhuru Kenyatta responds to Pandora Papers leak
President Uhuru Kenyatta has responded to the revelations of the hidden wealth of billionaires and heads of governments in a report published...
Co-op Bank full year net profit down 24% on higher loan...
Co-operative Bank Group 2020 full year net profit declined by 23.8% to stand at Kshs. 10.9 billion from Kshs. 14.3 billion recorded...
CBK refuses to reverse huge penalty to banks over NYS scam
Five banks used in handling stolen National Youth Service (NYS) funds have failed to convince the Central Bank of Kenya to drop or alter...
Uhuru delays response to Sh3.3 billion secret foreign wealth leak
President Uhuru Kenyatta says he will soon respond in detail to revelations that his family has hidden a fortune in excess of $30 million (Sh3.3 billion) in overseas tax havens.
The Kenyattas are part of the global elite whose offshore financial dealings have been laid bare in a massive leak of documents to The International Consortium of Investigative Journalists (ICIJ).
Use of secretive trusts and foundations in low-tax jurisdictions is often seen as an effort to hide ill-gotten wealth or avoid paying taxes.
Kenyan banks stable but lending frozen
Business owners looking for a bank loan in Kenya during the Covid-19 pandemic may struggle to access credit as more than 40...
