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Nakumatt faces auction over Sh1.9 billion StanChart debt

Nairobi, March 5 -- Standard Chartered Bank Kenya has threatened to auction four properties linked to Nakumatt Holdings after the collapsed retail chain defaulted on loans worth more than Sh1.9 billio... Read More


Tujus fined Sh400,000 for defying court orders in bank receivership case

Nairobi, March 4 -- Former Cabinet Secretary Raphael Tuju and his three children have each been fined Sh100,000 for contempt of court, in a legal dispute involving the receivership of Dari Limited, a ... Read More


Colgate brushes off Pepsodent's '10X' marketing claim in court

Nairobi, March 3 -- Unilever has lost its bid to continue using the words "10X cavity fighting" in its Pepsodent toothpaste advertisements after global rival Colgate claimed the slogan was misleading ... Read More


Firm loses Sh10m 'non-compete' claim against manager hired by rival

Nairobi, March 2 -- Consumer credit provider Lipa Later Limited has lost its bid in court to recover Sh10 million damages from its former senior manager Caroline Wanini who joined rival fintech firm C... Read More


Kerra setback as court extends freeze on hiring of engineers

Nairobi, Feb. 25 -- The Labour Relations Court has extended orders barring the Kenya Rural Roads Authority (Kerra) from hiring five cadres of directors and engineers pending the determination of a leg... Read More


MUA minority owners fail to block subsidiaries sale

Nairobi, Feb. 25 -- Two minority shareholders of MUA Insurance (Kenya) have lost their bid to stop the sale of its stakes in its Tanzania and Ugandan units, clearing the way for a deal aimed at pluggi... Read More


Tribunal hands Bidco partial relief in tax fight with KRA

Nairobi, Feb. 24 -- The Tax Appeal Tribunal has rejected claims by the Kenya Revenue Authority (KRA) that consumer goods manufacturer Bidco Africa undervalued a consignment of crude sunflower oil, thu... Read More


Banker sacked over suspect cash dealings in personal account

Nairobi, Feb. 23 -- A former top employee of Access Bank has lost a bid to overturn her dismissal by the lender over suspected fraud. The Employment and Labour Relations Court ruled that the bank had... Read More


CBK staff cleared over malicious Imperial Bank theft claim

Nairobi, Feb. 23 -- The High Court has overturned a Sh5.1 million award against the Central Bank of Kenya (CBK) over the alleged malicious prosecution of a former official linked to the suspected thef... Read More


US investor sues Nairobi developer over botched off-plan deal

Nairobi, Feb. 23 -- An American investor has sued a Nairobi property developer over a Sh225 million off-plan deal, alleging unfair termination after paying for seven units in a project marketed as "Na... Read More