managing director Stories

East Africa Portland Cement board rejects Obodha's appointment over integrity concerns
Maureen Kinyanjui  |  Dec 28, 2024

The board distanced itself from the selection process, explaining that it was unaware of these integrity concerns when it submitted Obodha's name.

How Kenya Power employees stole Sh207 million diesel meant for Turkana stations
Lucy Mumbi  |  Nov 09, 2024

Kenya Power MD Joseph Siror acknowledged that the company is investigating the fuel supplier over potential short deliveries.

Kenya Power explains why transformers were removed from Nairobi's Mukuru
Maureen Kinyanjui  |  Sep 27, 2024

MD Siror revealed that the decision followed a series of failed efforts to curb illegal connections that were draining the company’s resources.

IMF vows to support Kenya despite recent wave of deadly protests
Maureen Kinyanjui  |  Jun 27, 2024

In January this year, the IMF granted Kenya a new loan of more than $941 million (Sh121.9 billion) to help reinforce Kenya's finances.

World Bank's IFC refuses compensation to victims of harm in African schools
Erick Kariuki  |  Jun 14, 2024

The investigation focused on IFC's oversight of Bridge International Academies regarding systems to prevent and respond to child sexual abuse, as outl...

IMF approves $820 million as part of Egypt bailout
AFP  |  Mar 30, 2024

The IMF action, repeatedly postponed and eagerly awaited by the Egyptian government, arrives at a time of mounting difficulties for its economy.

KEBS cautions farmers on substandard fertilizer in the market
Lucy Mumbi  |  Mar 21, 2024

In a notice on Thursday, KEBS cautioned buyers of the fertilizer stressing that government-approved subsidised fertilizers meet all safety and quality...

Absa Bank net earnings grow 12pc as lender declares Sh8.42bn dividend
Bashir Mohammed  |  Mar 18, 2024

Absa Bank Kenya's profits rose 12 per cent to Sh16.4bn in 2023.

KEBS recalls SBL Innovate's 'organic fertiliser' after exposé
Hanifa Adan  |  Mar 12, 2024

This comes after an expose by Africa Uncensored shed light on a scheme by corrupt individuals to sell earth-scooped sand as affordable fertiliser for...

Airtel removes 7-day limit for accessing money from competing networks
Saleem Abdi  |  Feb 08, 2024

Airtel Kenya hopes the change expands its mobile money market.

World Bank boss denies claims of sexual abuse coverup at Bridge schools in Kenya
Mary Wambui  |  Feb 07, 2024

Though the investment was made before Banga's appointment to the helm of the global Bank, the onus is on him to take action to tighten its members' ac...

KMA boss Martin Munga questioned as MPs probe suspected fraud
Farhiya Hussein  |  Feb 06, 2024

Questions surrounding the mismanagement of funds at the KMA have raised concerns, prompting MPs to insist on thorough explanations from the MD and oth...

Garissa water agency says MD's arrest won't affect operations
Abdimalik Hajir  |  Feb 01, 2024

GAWASCO Managing Director Mohamed Dolal was last week arrested and arraigned at the Garissa High Court on claims of forging an academic certificate.

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