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Bank customers left empty-handed after 22-year fight for refunds

Nairobi, July 21 -- For more than two decades, close to 200 bank customers believed the courts would one day order banks to refund millions of shillings they say were unlawfully charged on their loans... Read More


Supreme Court upholds tax reliefs for Japanese workers, firms

Nairobi, July 17 -- The Supreme Court has upheld the government's decision to grant tax exemptions to Japanese companies, consultants and workers involved in development projects in Kenya, dismissing ... Read More


Court: Export logistics services qualify for zero-rated VAT

Nairobi, July 16 -- The Court of Appeal has ruled that logistics services for exports qualify for zero-rated Value Added Tax (VAT), dealing a blow to the Kenya Revenue Authority (KRA), which sought to... Read More


DTB, Safaricom to pay client Sh4.4m for fraud loss

Nairobi, July 14 -- Diamond Trust Bank (DTB) and Safaricom have been jointly held responsible for a SIM-swap fraud that saw a customer lose Sh4.4 million. A court ruled that both institutions failed i... Read More


Kakuzi fails to stop order to cede 3,200 acres land

Nairobi, July 14 -- Agricultural firm Kakuzi has lost an application seeking to block the implementation of a gazette notice directing it to cede more than 3,200 acres of its land for the settlement o... Read More


Tycoon Kiuna fails to block Sh189m claim from law firm

Nairobi, July 10 -- Businessman Ngugi Kiuna has failed in his bid to stop a law firm from pursuing more than Sh189 million in legal fees over its alleged representation of his company, Maxam Ltd, in a... Read More


Equity seizes Glee Hotel over Sh7.7bn loan default

Nairobi, July 8 -- Glee Hotel Limited, an establishment linked to businesswoman Mary Wambui Mungai, has been placed under administration over a debt of Sh7.75 billion. In a notice placed in the newsp... Read More


Teleposta pension stopped from selling Sh1bn Upper Hill land

Nairobi, July 7 -- The Supreme Court has barred the Teleposta Pension Scheme Registered Trustees from selling, charging or transferring a prime two-acre parcel of land in Nairobi's Upper Hill valued a... Read More


Synergy sues I&M Bank for Sh6bn over stalled 14 Riverside sale

Nairobi, July 3 -- The long-running dispute over the planned sale of Nairobi's 14 Riverside complex has taken a fresh turn after Synergy Industrial Credit sued I&M Bank and one of its senior executive... Read More


Heineken gets Sh250m bank guarantee as it fights Kiuna's claim

Nairobi, July 2 -- Dutch brewer Heineken has secured a Sh250 million guarantee from Equity Bank, enabling it to suspend the payment of disputed interest on a Sh1.47 billion compensation award to busin... Read More