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Lapfund on the spot for Sh1.3bn advance payment to contractor

Nairobi, Jan. 27 -- The Local Authorities Provident Fund (Lapfund) is on the spot over an unapproved Sh1.3 billion advance payment in a housing project, exposing weaknesses in its procurement processe... Read More


Kuscco faces auction by PCEA Sacco claiming Sh109m

Nairobi, Jan. 27 -- A Ruiru-based sacco has obtained court orders allowing it to auction movable assets belonging to the Kenya Union of Savings and Credit Cooperatives (Kuscco) over unpaid deposits an... Read More


Del Monte's deals with sister firms trigger Sh6.76bn tax war

Nairobi, Jan. 27 -- Pineapple grower Del Monte Kenya is staring at a Sh6.76 billion bill after a tax tribunal ruled that the company understated its local income by shifting profits offshore to relate... Read More


Ketracco sued over 'ethnically skewed' hiring of top managers

Nairobi, Jan. 27 -- The Kenya Electricity Transmission Company (Ketraco) faces a lawsuit over allegations that its board failed to consider ethnicity in senior appointments in violation of the Constit... Read More