In today’s digital world, earning money online has become more accessible than ever. Whether you’re looking for a side hustle, a full-time income, or just a bit of extra cash, the internet offers countless opportunities. The best part? You don’t need a lot of money to get started—just a reliable internet connection, some motivation, and a willingness to learn. This article explores some of the most popular, beginner-friendly ways to make money online, including an exciting opportunity called funded trading.
1. Freelancing
Freelancing is one of the fastest-growing ways to earn money online. Platforms like Upwork, Fiverr, and Freelancer connect clients with freelancers from around the world. You can offer services such as writing, graphic design, social media management, translation, video editing, and much more.
Why it’s great:
● Work from anywhere
● Set your own rates
● Choose the projects you like
Even if you don’t have advanced skills, you can start small. For example, data entry, virtual assistant jobs, and customer service roles are often in demand.
2. Online Surveys and Microtasks
While not the most lucrative option, online surveys and microtasks are easy ways to earn a bit of extra cash. Websites like Swagbucks, InboxDollars, and Amazon Mechanical Turk pay users to complete simple tasks such as answering surveys, watching videos, testing apps, or categorizing data.
Keep in mind: These are better for earning small amounts of money in your spare time, not for building a full-time income.
3. Sell Products Online
If you’re creative or good at finding deals, selling online could be a great fit. Platforms like Etsy, eBay, and Facebook Marketplace allow you to sell handmade crafts, vintage items, or secondhand goods. You can also start a dropshipping business using Shopify or WooCommerce, where you sell products without handling inventory.
Tip: Research trending products and learn about marketing. A little effort in learning can take your store much further.
4. Affiliate Marketing
Affiliate marketing involves promoting other companies’ products and earning a commission for every sale made through your link. Many bloggers, YouTubers, and social media influencers use affiliate marketing to earn money.
You can sign up for affiliate programs on platforms like Amazon Associates, ClickBank, or ShareASale. Create content (like blog posts, reviews, or social media posts) that includes your affiliate link, and you’ll earn a percentage when someone buys through it.
5. Start a YouTube Channel or Blog
If you enjoy creating content, consider starting a YouTubechannel or blog. Both platforms allow you to share your interests, educate others, or entertain an audience—and they can generate income through ads, sponsorships, and affiliate marketing.
What’s required:
● Consistency and patience
● Basic SEO (Search Engine Optimization) or YouTube algorithm understanding
● A niche you enjoy
Over time, as your audience grows, so does your income potential.
6. Funded Trading: Trade with Someone Else’s Capital
One of the more advanced—but potentially lucrative—ways to make money online is funded trading. Unlike traditional trading where you risk your own money, funded trading allows you to trade financial markets (like forex, commodities, or indices) using capital provided by a proprietary trading firm.
Here’s how it works:
● You apply to a prop trading firm offering a funding program.
● You pass an evaluation or challenge phase by proving you can trade responsibly.
● Once approved, you receive access to a funded account—sometimes up to $100,000 or more.
● You keep a portion of the profits you generate, often as high as 80-90%.
Why it’s appealing:
● You don’t risk your personal savings.
● You can scale up your trading career without needing your own capital.
● Firms often offer training, feedback, and a supportive trading environment.
Of course, trading requires education, discipline, and emotional control. It’s not gambling, and success takes time. But for those who take it seriously, it can be a life-changing opportunity.
7. Teach or Tutor Online
If you’re skilled in a subject like English, math, coding, or music, consider teaching online. Websites like VIPKid, Preply, and Teachable let you earn by tutoring or creating online courses. You can also sell educational content on platforms like Udemy or Skillshare.
Perks:
● Great for those who love helping others
● Flexible hours
● Passive income potential (with pre-recorded courses)
Final Thoughts
There’s no one-size-fits-all way to make money online. The best option depends on your skills, goals, and time availability. Some methods, like freelancing and selling products, can generate income quickly. Others, like blogging or funded trading, take more time and effort but offer greater long-term rewards.
The key to success is consistency. Choose one or two methods, stick with them, keep learning, and don’t be afraid to try new things. With patience and dedication, making money online isn’t just a dream—it’s a real, achievable goal.
Edwin Dande, the embattled CEO of Cytonn Investments, has issued a stark warning to prospective investors against purchasing shares in Superior Homes Kenya PLC (SHK), citing serious concerns over the valuation process being conducted by global audit firm Deloitte.
In a public notice posted on social media and backed by formal correspondence to Kenya’s Official Receiver, Dande alleges that Deloitte’s appointment to value SHK shares circumvented proper procurement procedures and lacks transparency, potentially undermining the ongoing liquidation process of Cytonn’s assets.
Cytonn’s investment fund had purchased a 12.5 percent stake in Superior Homes Kenya for Sh25 million, making it a significant creditor in the complex web of liquidation proceedings that have entangled the investment firm since 2023.
“Let me start by saying WE HAVE NO ISSUES AT ALL WITH SHK. ITS A GREAT BUSINESS AND WE HAVE RESOLVED ALL OUR ISSUES,” Dande emphasized in his social media post, before detailing his concerns about the valuation process.
The controversy centers around Deloitte’s engagement to conduct a valuation of SHK’s 12.5% shareholding as part of the liquidation proceedings.
Dande contends that this appointment was made without following Kenya’s Public Procurement and Asset Disposal Act (PPDA), which requires transparent, competitive bidding processes for public sector contracts.
In his formal letter to the Official Receiver dated July 10, 2025, Dande outlined several specific concerns about the procurement process:
Lack of Transparency: The creditor argues that the valuation tender should have been conducted through an open tender system, with published tender notices and competitive bids from multiple firms.
No Competitive Bidding: Under Section 89 of the PPDA, tender notices must be issued and competitive bids submitted before any contract is awarded. Dande claims neither he nor other creditors were consulted about the tender process.
Independence Questions: The appointment of what Dande terms a “handpicked valuer” raises questions about the independence and impartiality of the valuation process, crucial for maintaining creditor confidence in the liquidation proceedings.
The High Court ordered the liquidation of Cytonn Real Estate’s investment projects in January 2023, allowing the sale of properties to recover more than Sh14 billion owed to 4,000 investors.
The collapse of Cytonn, once a prominent investment management firm, has become one of Kenya’s most significant financial scandals.
Dande and his partners including Shiva Arora, CEO of Super Homes Kenya, have faced multiple legal challenges, including accusations from former employer Britam Group of siphoning Sh4 billion, highlighting the complex legal battles surrounding the firm’s operations.
The Superior Homes Kenya shareholding represents just one asset in a portfolio that once managed investments worth billions of shillings for thousands of Kenyan investors.
One of Dande’s most pressing concerns relates to the source of funding for the current valuation exercise.
During a creditors’ meeting on October 24, 2024, he was informed that Superior Homes Kenya had contributed Sh25 million toward the valuation process costs.
However, Dande argues that “the source of funding for the current valuation exercise remains unclear.”
This uncertainty has prompted him to demand full disclosure of who is financing the valuation and how much has been paid to Deloitte Limited.
Legal Threats and Deadlines
Dande has given the Official Receiver a three-day ultimatum to provide comprehensive information about the procurement process, including:
Full details of the procurement method used
Copies of published tender notices and bidder lists
The complete evaluation report showing award criteria
Source of funding details for the valuation
Confirmation of measures taken to ensure valuer independence
Terms of reference for the valuation process
“Should the requested information not be provided within THREE DAYS, I shall be compelled to mobilize like-minded creditors and stakeholders to pursue appropriate legal remedies to safeguard the interests of all creditors,” Dande warned.
The dispute highlights broader concerns about transparency in Kenya’s insolvency processes.
Dande argues that the credibility of liquidation proceedings depends on transparent and credible valuations, especially given what he describes as “the original attempt to dispose of these shares to a handpicked buyer.”
The warning comes at a time when Kenya’s insolvency framework faces scrutiny over its ability to protect creditor interests effectively.
The Cytonn liquidation has been particularly challenging, with the CEO previously shedding light on difficulties in the liquidation process.
Superior Homes Kenya, established in 2003, was founded to address the burgeoning need for middle-income housing in Kenya. The company has not yet responded to requests for comment regarding Dande’s allegations about the valuation process.
The real estate developer continues its operations while the valuation controversy unfolds, with recent projects including developments in various parts of Kenya aimed at the middle-class housing market.
The controversy raises important questions about the intersection of private sector liquidations and public procurement law in Kenya.
If Dande follows through on his threat to challenge the process legally, it could set precedents for how asset valuations are conducted in future insolvency proceedings.
The three-day deadline has significant implications not just for the immediate stakeholders but also for the broader investment community watching how Kenya handles one of its most complex financial scandals.
As the situation develops, investors and creditors will be closely monitoring whether the Official Receiver responds to Dande’s demands and how this might affect the timeline and outcome of the Superior Homes Kenya shareholding disposal.
This story will be updated as more information becomes available.
How a businesswoman became the prime suspect in one of Kenya’s biggest financial crimes – and why investigators claim she’s being shielded from justice
The call came in at exactly 9:47 AM on July 11, 2024. Kevin Mwangi, Equity Bank’s head of security, was on the line with the Banking Fraud Investigation Unit (BFIU), his voice tight with urgency.
Something catastrophic had happened at the bank’s Britam Towers headquarters in Upper Hill.
Within hours, Inspector Bonface Maina Kamau and Sergeant Josiah Gichobi were staring at a computer screen displaying 47 transactions that would shake Kenya’s banking sector to its core.
The total: Sh1,545,553,374.59 – over 1.5 billion shillings vanished in what investigators now call one of the most sophisticated bank heists in the country’s history.
But this wasn’t a story of masked bandits or dramatic vault break-ins.
This was something far more insidious – an inside job that would lead investigators down a rabbit hole of shell companies, crypto wallets, and a web of connections that allegedly centered around one woman: Ruth Muthoni Kamau.
The Architect of Deception
At the heart of this financial labyrinth sits a 45-year-old businesswoman who, according to police correspondence, allegedly orchestrated the theft of over Sh800 million from Equity Bank’s salary suspense general ledger.
Ruth Muthoni Kamau – described by investigators as the heist’s mastermind – has become what some in law enforcement circles call “untouchable.”
The money trail tells a damning story. Ms. Muthoni’s two companies, Goodmans Fresh Ltd and Blue Kenfresh Ltd, received Sh105 million in direct transfers.
Additional funds flowed to her personal bank accounts, while investigators believe she received even more in cash from other suspects involved in the elaborate scheme.
When contacted, Ms. Muthoni’s response was as evasive as it was telling: “I was not arrested. I was abducted. There were over 200 people I hear, I don’t understand why you are picking me? I don’t know who I’m talking to so I choose not to talk much. Maybe you are one of the abductors.”
Her claim of abduction stands in stark contrast to police records, which show she was arrested and later released on Sh300,000 police bail.
But Ms. Muthoni’s version of events reveals something more troubling – her apparent confidence that she operates beyond the reach of normal law enforcement procedures.
The Inside Man
The sophisticated nature of the heist required intimate knowledge of Equity Bank’s internal systems.
That knowledge came from David Kimani Machiri, a general manager who controlled the bank’s salary suspense general ledger – the very account from which the Sh1.5 billion was siphoned.
David Kimani Machiri
On paper, the 47 transactions appeared legitimate – companies releasing funds to pay their workers’ salaries.
In reality, it was an elaborate facade. Mr. Machiri, who became the prime suspect within hours of the discovery, was arrested and charged with facilitating the theft.
Released on Sh500,000 cash bail, Mr. Machiri was ordered to report to the BFIU twice weekly.
His cooperation, however, would prove to be just the beginning of investigators’ journey into a criminal network that extended far beyond the bank’s walls.
The Real Estate Connection
The investigation took an unexpected turn when five individuals – Sahal Mohamed Sahal, Mohamed Hashi Adan, Kariye Salah Ali, Hassan Abdirashid Mohamed, and Mohamud Mohamed Arab – walked into Equity Bank headquarters four days after the heist.
They were attempting to access Sh463 million that investigators maintain was part of the stolen funds.
Under interrogation, the five revealed how they had laundered the money through Hawala systems and forex bureaus before handing it over to someone they knew only as “Geoffrey.”
This led investigators to Geoffrey Kahungi Kiragu, arrested at The Vineyard Ridgeways nightclub and initially using the false identity of Gideon Kamau Wangeci.
Geoffrey Kahungi Kiragu
Mr. Kiragu’s capture revealed the intersection of two massive financial scandals.
He was already notorious as the mastermind behind the Lesedi Developers scam, which defrauded over 800 investors of at least Sh1 billion in bogus real estate investments.
Even while dealing with the fallout from Lesedi’s collapse, Mr. Kiragu had established new real estate firms – Bomalink Concepts Ltd and Brickways Properties Ltd – both of which received funds from the Equity Bank heist.
The Cover-Up Campaign
What transformed this from a criminal investigation into a potential scandal of institutional proportions was what happened next.
According to Inspector Kamau’s detailed protest letters to senior police officials, efforts to shield Ms. Muthoni from prosecution began almost immediately after her arrest.
The inspector, who had been leading the investigation, found himself transferred to the remote DCI offices in Baragoi, Samburu County, following a complaint filed by Ms. Muthoni.
The timing was suspicious – the transfer occurred before the complaint had been fully investigated, and just as the case was gaining momentum.
In his protest letters to DCI boss Mohamed Amin, Inspector-General Douglas Kanja, and the National Police Service Commission, Inspector Kamau made explosive allegations.
He claimed that two senior DCI officers, including one from the Transnational Organised Crime Unit, had “incessantly tried to help Ms Muthoni wriggle out of the investigation.”
He further alleged that bureaucrats from the Office of the Director of Public Prosecutions had made similar attempts.
The inspector’s account paints a picture of a systematic effort to derail the investigation. He described how Ms. Muthoni allegedly made several WhatsApp calls to senior officers in the DCI and National Police Service during her interrogation – calls that went unanswered but demonstrated her apparent confidence in high-level connections.
The Crypto Trail
Modern financial crimes require modern money laundering techniques, and the Equity Bank heist was no exception.
Investigators discovered that suspect Owen Karanja had received Sh215 million through his companies KT Owens Group, Mac and Gray Ltd, and Axteron Technologies Ltd.
Mr. Karanja’s revelation to BFIU detectives was particularly damaging to Ms. Muthoni’s case: he claimed to have transferred all the funds into bitcoins, which were then deposited into a Binance crypto wallet owned by Ms. Muthoni.
This digital trail provided investigators with what they believed was concrete evidence of her central role in the money laundering operation.
Equity Bank has been attempting to reverse these cryptocurrency transactions, but the nature of blockchain technology makes such reversals extremely difficult, if not impossible.
The Statement That Never Was
Perhaps the most telling aspect of Ms. Muthoni’s behavior was her approach to cooperating with investigators.
After being fingered by multiple suspects, she was scheduled to provide a comprehensive statement to the BFIU team on October 30, 2024.
She never showed up.
This failure to cooperate stands in stark contrast to her earlier statement, which investigators found riddled with technical irregularities.
The statement was dated July 22, 2023 – a full year before the heist actually occurred.
The recording officer failed to initial the document, and the content itself contained what investigators described as inconsistencies and evasions.
In that statement, Ms. Muthoni claimed to be in the business of exporting mutton and goat meat to Bahrain, Kuwait, and Dubai.
She said a senior bank official had called her three days after the heist to inform her that Equity Bank had recalled Sh36 million from her account – a fraction of the amount investigators believe she actually received.
The Untouchable Network
The case of Ruth Muthoni Kamau raises uncomfortable questions about the effectiveness of Kenya’s criminal justice system when dealing with well-connected individuals.
Her apparent ability to trigger the transfer of the lead investigator, her confidence in refusing to cooperate with authorities, and the alleged attempts by senior officials to shield her from prosecution all point to a systemic problem.
Inspector Kamau’s transfer to Baragoi represents more than just a personnel move – it’s a symbol of how criminal investigations can be derailed when they touch on powerful interests.
His detailed protest letters, copied to multiple oversight bodies, represent a rare glimpse into how the system can be manipulated to protect those with the right connections.
The fact that Ms. Muthoni was able to file a successful complaint against the investigating officer, despite being the prime suspect in a billion-shilling heist, raises questions about the independence of internal police oversight mechanisms.
The Equity Bank heist is more than just a criminal case – it’s a window into the vulnerabilities of Kenya’s financial system and the challenges facing law enforcement when investigating complex financial crimes.
The case demonstrates how traditional banking systems can be exploited by those with inside knowledge, and how modern technology – from cryptocurrency to encrypted messaging – can be used to launder the proceeds.
The real estate angle adds another layer of concern. The involvement of Geoffrey Kiragu, already notorious for the Lesedi Developers scam, suggests that Kenya’s property sector has become a haven for money laundering operations.
The fact that he was able to establish new companies and continue operating even while under investigation for previous crimes highlights gaps in regulatory oversight.
Behind the astronomical figures and complex financial schemes are real victims.
The 800 investors who lost their money in the Lesedi Developers scam represent just one group of people whose lives have been devastated by these financial crimes.
The Equity Bank heist, if successful, would have ultimately cost the bank’s shareholders and potentially its customers.
There’s also the human cost within the criminal justice system itself.
Inspector Kamau’s transfer to a remote posting represents the price paid by those who try to pursue justice against powerful interests. His case serves as a warning to other investigators about what can happen when they get too close to the truth.
As this investigation continues to unfold, several key questions remain unanswered.
Will Ms. Muthoni ever be held accountable for her alleged role in the heist?
Will Inspector Kamau be allowed to return to his post and continue his investigation?
And most importantly, what systemic changes are needed to prevent similar crimes in the future?
The case of Ruth Muthoni Kamau and the Sh1.5 billion Equity Bank heist represents more than just another financial crime – it’s a test of Kenya’s commitment to the rule of law and equal justice for all.
The outcome will send a clear message about whether the country’s institutions are strong enough to hold even the most well-connected individuals accountable for their actions.
For now, the woman at the center of Kenya’s biggest bank heist remains free, her companies continue to operate, and her alleged victims – both the bank and the investors in related schemes – wait for justice. The question is whether Kenya’s criminal justice system is capable of delivering it.
NAIROBI, JULY 14, 2025 – Airtel Kenya has crossed the 24 million subscriber mark through its network campaign as expansion plans continue.
This achievement, highlighted in the latest Communications Authority of Kenya (CA) sector statistics report, reflects growing public trust in Airtel’s commitment to serve all Kenyans, from urban centres to the most remote parts of the country.
Speaking during the launch of the ‘Na Bado Tunagrow’ network coverage campaign, Airtel Kenya Managing Director Ashish Malhotra spoke on Airtel’s commitment to prioritising innovation to meet the changing needs of customers.
“We are deeply humbled by the support of over 24 million customers who continue to believe in us. This is not the destination, it is part of a longer journey. We are committed to Kenya, and whilst we have made huge investments, our mission of enriching lives and driving progress is still not done,” said Airtel Kenya Managing Director, Ashish Malhotra.
Over the years, Airtel has steadily and heavily invested in the country to better serve Kenyans.
The investments span network, customer care touch points and distribution infrastructure.
Through Airtel Money, the company has also endeavored to bridge the financial inclusion gap in the country with its financial services offerings.
Courtesy of the rapid Airtel network expansion in the North Eastern region of the country last year, Kenyans in the underserved areas of Mandera, Wajir, and Garissa can now access connectivity and digital opportunities.
“With the recent upgrade of our Airtel Money platform, which brings speedy, reliable, and innovative services, we are seeing more Kenyans trusting us with their financial needs and we continue to improve as we promote financial inclusion,” said Malhotra.
The ‘Na Bado Tunagrow’ campaign is a reflection of Airtel’s ongoing journey driven by the trust of its customers and the belief that every Kenyan deserves access to reliable and modern digital services.
“This is a thank you to every Kenyan who has supported our journey. We are not done. We will continue to grow, improve, and serve; Na bado tunagrow,” Malhotra concluded.
How rogue bank officials, real estate scammers, and corrupt police officers orchestrated one of Kenya’s biggest financial crimes
On the morning of July 11, 2024, Inspector Bonface Maina Kamau and Sergeant Josiah Gichobi from the Banking Fraud Investigation Unit (BFIU) received what would become one of the most complex financial crime cases in Kenya’s history.
What started as a routine response to a distress call from Equity Bank’s security chief would unravel into a web of deception involving serial fraudsters, rogue bank officials, and alleged attempts to cover up a sophisticated Sh1.5 billion heist.
The case would expose not just the vulnerability of Kenya’s banking systems, but also raise troubling questions about potential interference in high-stakes financial investigations.
The Heist: A Masterclass in Digital Deception
The theft itself was executed with surgical precision on July 10, 2024.
Through 47 carefully orchestrated transactions, cybercriminals managed to siphon Sh1,545,553,374.59 from Equity Bank’s salary suspense general ledger—an internal account used for processing employee payroll.
What made this heist particularly audacious was its method: the transactions were designed to appear as legitimate salary payments from various companies to their employees.
On paper, everything looked normal. In reality, Kenya’s second-largest bank was being systematically drained of funds.
The scheme’s sophistication became apparent when investigators discovered that the money was immediately dispersed across multiple accounts in different banks, some converted to foreign currencies through forex bureaus, and portions moved through Hawala—a traditional Islamic money transfer system that operates outside conventional banking channels.
The Inside Job: A General Manager’s Betrayal
Central to the investigation was David Kimani Machiri, a general manager at Equity Bank who had direct access to the compromised salary suspense account.
When investigators traced the digital fingerprints of the transactions, all signs pointed to an inside job orchestrated using Machiri’s credentials.
The timing was particularly suspicious: Machiri had taken sick leave just before the heist occurred.
Yet somehow, his access credentials were used to authorize the fraudulent transactions.
When confronted, Machiri’s explanations failed to satisfy investigators, making him the prime suspect in what appeared to be a carefully planned betrayal from within.
Following his arrest on July 12, 2024, Machiri was granted bail of Sh500,000 by Magistrate Geoffrey Onsarigo, with strict conditions requiring him to report to the BFIU twice weekly.
However, the investigation would take a sinister turn when Machiri was allegedly abducted on August 11, 2024, and reportedly held in a forest with lions and hyenas—a bizarre twist that raised questions about who might want to silence him.
The Mastermind: Ruth Muthoni Kamau
As investigators followed the money trail, one name emerged repeatedly: Ruth Muthoni Kamau, a businesswoman who allegedly received over Sh800 million from the heist.
Through her companies—Goodmans Fresh Ltd and Blue Kenfresh Ltd—she obtained Sh105 million directly, while additional funds flowed into her personal accounts.
Muthoni claimed to be in the export business, dealing in mutton and goat meat to Middle Eastern markets. However, investigators discovered a more complex financial web.
According to suspect Owen Karanja, who received Sh215 million through his companies, all his funds were converted to bitcoins and deposited into a Binance cryptocurrency wallet registered under Muthoni’s name.
When approached for comment, Muthoni’s responses were evasive and concerning.
She claimed to have been “abducted” rather than arrested, questioned why she was being singled out from “200 suspects,” and even suggested that journalists inquiring about her role might be “abductors.”
Her connection to the case became more intriguing when investigators learned of her relationship with Andrew Kamau Muhiu, a director of the collapsed real estate firm Banda Homes, which had defrauded hundreds of investors of millions of shillings.
The Serial Fraudster: Geoffrey Kiragu’s Double Life
Perhaps the most shocking revelation in the investigation was the identity of a key suspect initially known only as “Geoffrey.”
When fingerprint analysis was conducted, investigators discovered that Gideon Kamau Wangeci—who had led police on a wild goose chase across Nairobi suburbs—was actually Geoffrey Kahungi Kiragu, the notorious founder of Lesedi Developers.
Kiragu’s criminal resume was extensive. Under the Lesedi Developers banner, he had orchestrated a massive real estate fraud that cost over 800 investors at least Sh1 billion.
The scheme involved selling non-existent plots and properties, leaving hundreds of middle-class Kenyans without homes or their life savings.
Since Lesedi’s collapse in 2023, Kiragu had been far from idle. He had established new companies—Bomalink Concepts Ltd and Brickways Properties Ltd—and was allegedly selling the same fraudulent land parcels that had been used in the Lesedi scam.
The Directorate of Criminal Investigations had already issued public warnings about these companies, directly linking them to Kiragu’s fraudulent activities.
The discovery that Kiragu was central to the Equity Bank heist revealed a pattern of escalating financial crimes.
From land fraud to bank heists, he had graduated to increasingly sophisticated and devastating schemes.
The Cover-Up: Allegations of High-Level Interference
What transformed this investigation from a complex financial crime into a potential scandal was the allegation of systematic interference in the probe.
Inspector Bonface Maina Kamau, the lead investigator, found himself at the center of what he claims was an orchestrated campaign to derail the investigation.
According to internal police correspondence, Kamau’s troubles began when he criticized inconsistencies in Ruth Muthoni’s statement, including a curiously incorrect date (July 22, 2023 instead of 2024) and the recording officer’s failure to include proper initials.
When Kamau pressed for a corrected statement, Muthoni allegedly stalled and eventually filed a complaint against him.
The complaint, filed with the police’s Directorate of Public Complaints, accused Kamau of demanding a Sh10 million surety (which he denied) and orchestrating her “abduction” (which he maintained was a lawful arrest).
More significantly, the complaint triggered Kamau’s sudden transfer to Baragoi, Samburu County—a remote posting that effectively removed him from the investigation.
In his protest letters to senior police officials, Kamau made explosive allegations: that two senior DCI officers from the Transnational Organised Crime Unit had “incessantly tried to help Ms Muthoni wriggle out of the investigation,” and that bureaucrats from the Office of the Director of Public Prosecutions had made similar attempts.
Perhaps most damaging to the investigation’s credibility was Kamau’s claim that Muthoni had made “several WhatsApp calls to senior officers in the DCI and the National Police Service” while being processed, and that she had met “an officer she was acquainted with” who allegedly provided her with a BFIU contact for “furtherance in assistance she needed.”
The Wider Network: Hawala and Cryptocurrency Connections
The investigation revealed the sophisticated methods used to launder the stolen funds.
Five individuals—Sahal Mohamed Sahal, Mohamed Hashi Adan, Kariye Salah Ali, Hassan Abdirashid Mohamed, and Mohamud Mohamed Arab—had received Sh463 million and attempted to access additional funds when they were detained at Equity Bank’s headquarters.
These suspects revealed how the money was moved through both traditional and modern channels. Some funds were transferred through Hawala networks, while others were converted to foreign currencies at forex bureaus.
The most technologically advanced aspect involved converting substantial amounts to bitcoins through the Binance cryptocurrency platform.
The use of cryptocurrency represented a new frontier in Kenyan financial crimes, making it extremely difficult for authorities to trace and recover stolen funds. Equity Bank’s attempts to reverse these transactions highlighted the challenges banks face when dealing with digital currencies.
The case has spawned multiple legal proceedings across different courts. David Machiri faces charges related to the fraudulent transactions, while Geoffrey Kiragu battles charges in the Lesedi Developers case alongside his alleged involvement in the bank heist.
Most recently, in May 2025, lawyer Esther Bitutu Kadiki was arrested and charged in connection with the heist.
Court papers suggest she may have played a central role in orchestrating the scheme, with investigators alleging she was instrumental in the fraudulent siphoning of funds between May 1 and July 31, 2024.
Ruth Muthoni has obtained a court order blocking police from investigating or arresting her, claiming the investigation is tainted and that she was illegally implicated due to her connection to other suspects.
This legal maneuver has effectively stalled efforts to compel her to provide the additional statement that investigators have been seeking since October 2024.
The Equity Bank heist has exposed critical vulnerabilities in Kenya’s banking system.
The fact that such a massive theft could be executed using internal credentials raises questions about banks’ internal controls and monitoring systems.
Industry experts note that while the stolen money came from the bank’s payroll account rather than customer deposits, such a significant loss could still impact the institution’s financial stability and customer confidence.
The case has prompted calls for enhanced cybersecurity measures and more robust internal audit systems across the banking sector.
Unanswered Questions and Ongoing Investigations
Despite the arrests and ongoing legal proceedings, several critical questions remain unanswered:
How did the perpetrators gain access to David Machiri’s credentials?
What was the extent of internal collusion within Equity Bank?
How much of the Sh1.5 billion has been recovered?
Are there other financial institutions at risk from similar schemes?
What measures are being taken to prevent future heists?
The investigation has been escalated to the DCI headquarters, suggesting the complexity and sensitivity of the case. However, allegations of interference continue to cast a shadow over the probe’s integrity.
Beyond the staggering financial figures lies a human story of betrayal and loss.
The case connects to the broader pattern of financial fraud that has devastated ordinary Kenyans, from the Banda Homes investors who lost their savings to the Lesedi Developers victims who never received their promised properties.
The involvement of serial fraudsters like Geoffrey Kiragu highlights how financial criminals often operate with impunity, moving from one scheme to another while their victims struggle to recover their losses.
The sophisticated nature of the Equity Bank heist suggests that these criminal networks are becoming increasingly organized and technologically advanced.
The Equity Bank heist serves as a wake-up call for Kenya’s financial sector.
The case has exposed weaknesses in banking security, regulatory oversight, and law enforcement capabilities.
It has also raised troubling questions about potential corruption and interference in high-stakes financial investigations.
The question now is whether the justice system can overcome the alleged interference and complications to hold all perpetrators accountable—and whether the lessons learned will be sufficient to prevent similar heists in the future.
This investigation is based on court documents, police correspondence, and interviews with sources familiar with the case. The investigation remains ongoing, and all suspects are presumed innocent until proven guilty in a court of law.
Prominent advocate’s firm finds itself at center of Sh485 million legal battle as cargo handler pursues Lebanese construction company
The law firm of one of Kenya’s most prominent advocates, Ahmednasir Abdullahi, has found itself unwittingly drawn into a complex debt recovery battle involving millions of shillings, highlighting the intricate web of commercial disputes that often ensnare even legal practitioners.
Ahmednasir Abdullahi Advocates LLP is now at the center of a High Court case where cargo handler Multiple ICD (Kenya) is attempting to attach Sh485 million held by the law firm on behalf of Lebanese construction company Zakhem International Construction.
The dispute stems from an August 2020 consent judgment where Multiple ICD secured a $3.2 million (Sh412.8 million) award against Zakhem International Construction.
However, the cargo handling company, which operates an inland container depot in Mombasa, claims the debt has ballooned to $5 million (Sh645 million) with accrued interest and remains unpaid.
What makes this case particularly intriguing is how Ahmednasir’s firm became embroiled in the dispute.
According to court documents, Zakhem International Construction had won a separate case and was awarded Sh485 million.
The court then ordered Equity Bank to transfer this money to Ahmednasir Abdullahi Advocates LLP’s account at UBA Kenya Bank.
Multiple ICD learned of this windfall and moved swiftly to court, seeking to attach the funds being held by the law firm as a way to satisfy their outstanding judgment.
The company argued that Zakhem could “at any moment dispose of and transfer the money awarded,” making urgent intervention necessary.
“The judgment debtor/respondent can at any moment dispose of and transfer the money awarded,” Multiple ICD stated in their application, underlining the urgency of their request.
The case underscores how financial institutions and law firms can become unwitting participants in commercial disputes.
Multiple ICD sought orders compelling UBA Kenya Bank, Ahmednasir Abdullahi Advocates LLP, and Equity Bank to produce bank statements showing accounts holding funds for Zakhem’s benefit.
However, Justice Moses Ado declined to issue the interim orders on Tuesday, citing the positions taken by the various parties.
The case has been adjourned to July 23 for mention.
For its part, Zakhem International Construction has mounted a vigorous defense, terming Multiple ICD’s application “an abuse of the court process and without merit.”
The Lebanese construction company argues that it doesn’t maintain accounts with any of the three institutions named in the garnishment application.
“Given that the first, second, and third garnishees do not hold any account or funds on behalf of the judgment debtor, this court cannot compel them to render the accounts as sought,” Zakhem stated in its opposition.
The construction company further argues that Multiple ICD has failed to demonstrate that there’s actually a debt due from the bank, law firm, or other financial institutions that could be attached.
This latest legal battle is part of a broader pattern of financial difficulties facing Zakhem International Construction.
The company has been the subject of multiple debt recovery cases, with various creditors pursuing substantial amounts.
The involvement of Ahmednasir Abdullahi Advocates LLP – a firm known for high-profile cases and commercial litigation – as a stakeholder rather than legal counsel adds an unusual dimension to the proceedings.
The firm finds itself in the uncomfortable position of holding funds that multiple parties are claiming.
The case raises important questions about the role of law firms as stakeholders in commercial disputes.
When courts order funds to be held by legal practitioners, those firms can find themselves caught between competing claims, potentially exposing them to additional litigation risks.
For Ahmednasir’s firm, known for its aggressive litigation style and high-profile clientele, being on the receiving end of legal action rather than driving it represents an unusual position.
The firm’s involvement appears to be purely procedural – holding funds as directed by court order rather than any substantive role in the underlying dispute.
Bitcoin continued its rally early Friday, hitting a record $118,239 as of around 0610GMT.
The cryptocurrency has rallied for two days, surpassing levels of $113,000 and $115,000 in less than 24 hours.
After hitting another all-time high, the price of Bitcoin is around at $117,820 as of 0700GMT, rising 5.8%.
According to data from analysis firm Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, rose approximately 5.92% over 24 hours, reaching $3.67 trillion.
The price of Bitcoin, the largest cryptocurrency by market capitalization, is up almost 26% since the start of this year.
The price of Ethereum, the second-largest cryptocurrency by market capitalization, gained around 7% in value, rising to $2,993.
Corporate accountability questioned as Mkondo wa Afrika Ltd distances itself from agent’s alleged misappropriation of KRA remittances
A Nairobi-based company finds itself at the center of a Sh7.9 million tax compliance scandal after its agent allegedly stole funds earmarked for Kenya Revenue Authority (KRA) payments, raising critical questions about corporate oversight and tax compliance mechanisms in Kenya’s business sector.
Allan Kirawa Ogola, who served as an agent for Mkondo wa Afrika Ltd, appeared before Milimani Law Courts on Thursday facing charges of stealing Sh7,986,742.25 between March 2023 and March 2024.
The funds were allegedly meant for housing levy and Pay As You Earn (PAYE) tax remittances on behalf of the company.
The prosecution, led by the Office of the Director of Public Prosecutions (ODPP), alleges that Ogola was entrusted with the substantial sum specifically for KRA remittances but instead misappropriated the funds.
Senior Principal Magistrate Ondieki granted him a bond of Sh1 million with two sureties or an alternative cash bail of Sh200,000.
However, the case exposes deeper systemic issues within corporate Kenya’s tax compliance framework.
The fact that such a substantial amount could allegedly be diverted over a 13-month period without detection raises questions about Mkondo wa Afrika Ltd’s internal controls and oversight mechanisms.
Pattern of corporate Tax evasion
This case emerges against a backdrop of mounting tax evasion cases involving Kenyan companies. KRA is targeting companies and their directors that exhibited wealth growth but paid nearly the same amount of tax over a period of time.
The authority has been intensifying efforts to crack down on sophisticated tax avoidance schemes that cost the exchequer billions annually.
Recent high-profile cases include directors being charged with millions in tax evasion, highlighting a concerning trend where companies either deliberately evade taxes or, as in this case, claim employee theft as the cause of non-compliance.
The Mkondo wa Afrika case raises uncomfortable questions about corporate responsibility in tax matters.
While the company has filed a complaint through Ahmed Sidgi Kaballo, distancing itself from Ogola’s alleged actions, critics argue that such large-scale diversions of tax funds point to inadequate internal controls.
“When you’re dealing with nearly Sh8 million in tax obligations over more than a year, there should be robust systems to track and verify remittances,” explains a tax compliance expert who requested anonymity.
“The fact that this allegedly went undetected for 13 months suggests either negligence or complicity.”
Ogola, who was initially arrested on June 14, 2025, and released on Sh50,000 cash bail, denied all charges when they were read in court.
The prosecution has lined up witnesses including complainant Ahmed Sidgi Kaballo, Daniel Kuria, and Corporal Francis Mwenda from DCI Gigiri Police Station, who conducted the investigations.
The case is scheduled for mention on July 24, 2025, with a full hearing set for August 18, 2025.
The proceedings will likely scrutinize not only Ogola’s alleged actions but also the company’s role in the oversight of such substantial tax remittances.
The case highlights the vulnerability of Kenya’s tax collection system to internal fraud and raises questions about whether current corporate governance standards are adequate to protect public revenues.
With KRA increasingly relying on third-party agents and corporate self-assessment, the integrity of these systems becomes paramount.
Tax experts note that while companies may claim employee theft as a defense, they remain legally liable for their tax obligations regardless of internal misappropriation.
This places additional responsibility on companies to implement robust internal controls and monitoring systems.
As the case proceeds, it will likely set important precedents for how courts handle cases where companies claim employee theft as a defense for tax non-compliance.
The Kenya Revenue Authority (KRA) has announced it collected Ksh 2.571 trillion in taxes from Kenyans in the 2024/2025 financial year.
Despite the economic challenges in the 2024/25 financial year, the KRA recorded a 6.8 per cent growth in its revenue. This figure surpasses the set target of Sh2.55 trillion.
“Kenyans paid Ksh2.571 trillion in taxes for FY 2024/2025. This is a remarkable 6.8% growth despite economic challenges! For three decades, you’ve been our partners in nation-building. Every contribution has shaped Kenya’s growth story,” read part of a statement released by KRA on July 10.
The authority also highlighted the prevailing economic indicators, especially the Gross Domestic Product (GDP) growth of 4.7 per cent and growth recorded in key sectors, including agriculture, forestry and fishing, financial and insurance activities, transportation and storage, and real estate.
KRA reported that domestic revenue collection grew by 4.8%, reaching Ksh 1.688 trillion against a target of Ksh 1.721 trillion, representing a performance rate of 98.1%. The authority collected Ksh 879.329 billion against a target of Ksh 830.368 billion in customs revenue.
“Pay As You Earn (P.A.Y.E) remained a strong pillar of revenue performance, collecting KSh. 560.963 billion and achieving a remarkable 99.0% performance rate. This 3.3% growth reflects continued employer compliance and resilience despite policy shifts and relief adjustments,” KRA stated.
Corporation tax, on the other hand, grew by 9.9% compared to 4.9% in the last financial year.
Furthermore, KRA announced that 3,512,835 taxpayers benefited from the Tax Amnesty Programme, with Ksh 95.645 billion in penalties and interest waived. The programme also resulted in the collection of Ksh29 billion, with 116,144 taxpayers voluntarily declaring and paying their taxes.
Despite several policy and economic hurdles, the authority maintained a strong performance across most tax categories, signalling continued resilience in revenue collection and administration.
Nairobi’s debt service payments to Beijing drop 15.3% as stable shilling and falling global rates provide fiscal relief
Kenya achieved a rare financial reprieve in its debt obligations to China, with payments dropping by Sh23.33 billion in the financial year ended June 2025, providing much-needed breathing room for a government grappling with persistent revenue challenges.
Treasury documents reveal that Nairobi paid Chinese lenders Sh129.35 billion during the period, down from Sh152.69 billion in the previous year—marking the first decline in Chinese debt service since the pandemic-hit 2020/21 financial year.
The 15.3% reduction was driven by a combination of favorable external factors, including the shilling’s stability against the US dollar and declining global interest rates as central banks worldwide eased monetary policy amid cooling inflation pressures.
Breaking Down the Numbers
Principal repayments fell 11.80% to Sh88.61 billion, while interest obligations dropped more dramatically by 21.99% to Sh40.74 billion from Sh52.20 billion.
The bulk of these payments flowed to the Export-Import Bank of China, which financed the controversial Standard Gauge Railway (SGR) project.
The timing proved fortuitous for Kenya’s fiscal position.
The government had initially budgeted Sh148.04 billion for Chinese debt service but ended up spending only Sh129.35 billion, creating unexpected savings of Sh18.69 billion.
Currency stability played a crucial role in this outcome.
The Kenyan shilling averaged 129.87 units against the US dollar between July 2024 and January 2025, significantly stronger than the 149.52 units recorded during the same period the previous year.
The shift in global interest rate benchmarks also worked in Kenya’s favor.
Chinese loans, typically denominated in US dollars, carry floating interest rates set at 3.6% or 3.0% above reference rates.
The transition from the retired London Interbank Offered Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR) coincided with a broader easing cycle.
SOFR dropped to approximately 4.32% in January 2025 from 5.32% in the same month of 2024, directly reducing Kenya’s interest burden on these dollar-denominated facilities.
The Export-Import Bank of China funded roughly 90% of the more than Sh500 billion Kenya invested in constructing nearly 700 kilometers of the SGR from Mombasa to Suswa.
This infrastructure push, initiated under former President Uhuru Kenyatta’s administration around 2014, marked a significant shift in Kenya’s borrowing strategy after the country graduated to lower-middle-income status, limiting access to concessional development financing.
However, the SGR project has faced persistent criticism over its financial viability.
Research fellow Fergus Kell from London’s Chatham House has noted the railway’s “inflated construction costs and consistent failure to generate revenue despite government intervention to mandate cargo traffic.”
The debt reduction comes at a critical juncture for Kenya’s public finances.
With public debt hitting a record Sh11.35 trillion largely driven by domestic borrowing, any relief in external obligations provides valuable fiscal space for the current administration.
Kenya’s relationship with Chinese lenders has evolved significantly since the borrowing boom of the mid-2010s.
The country last signed a debt agreement with Beijing in 2019, securing funding for the Konza Data Centre and Smart City Facilities ($166.7 million) and the Kenya Power Transmission Expansion Project ($83.3 million).
Beijing’s appetite for African lending has cooled considerably following pandemic-induced revenue shocks across the continent, with Chinese policy banks becoming more cautious about debt sustainability in borrower countries.
While the Sh23.3 billion reduction provides temporary relief, Kenya’s overall debt trajectory remains a concern.
The government continues to face the challenge of balancing infrastructure development needs with fiscal sustainability, particularly as revenue collection remains under pressure.
The confidential nature of Chinese loan agreements, as highlighted by AidData research, continues to limit transparency around the true cost and terms of these obligations.
This opacity makes it difficult for taxpayers to fully understand the long-term implications of these debts.
For now, Kenya can count the combination of currency stability and favorable global interest rates as a rare positive development in its complex debt management landscape.
Whether this trend continues will largely depend on external factors beyond the government’s direct control—a reminder of the vulnerabilities inherent in dollar-denominated debt obligations.
ELDORET, Kenya – What was supposed to be a routine day turned into a nightmare for Eldoret-based media personality Engineer Kipchirchir Mosonik when his six-month-old Tecno Camon 30 smartphone exploded in his pocket, leaving him with serious injuries and a stark warning about mobile device safety.
The incident, which occurred recently, has left the Technical Institute of Engineering and Technology (TIET) graduate with what he describes as a “hip pointer injury” affecting his left thigh, specifically identified as a Tensor Fasciae Latae injury – a condition affecting the muscle that helps stabilize the hip and thigh.
In a social media post that has since gone viral, Mosonik detailed the harrowing experience, describing how his phone transformed from a communication device into what he termed a “pocket grenade.”
The ‘engineer’, who had been using the device for approximately six months, expressed his shock at the unexpected malfunction.
“Thought my phone was just for pics and chats… until it decided to go off in my pocket!” Mosonik wrote, adding explosion emojis to emphasize the severity of the incident.
“Now my left thigh is paying the price with a hip pointer injury (Tensor Fasciae Latae, for the medical folks). My iPhone in critical condition shiett!!!”
The images accompanying his post show the extensive damage to the device, with the phone’s casing completely melted and charred beyond recognition.
The once-sleek smartphone now resembles the aftermath of a small explosive device, with blackened components and a severely damaged exterior that underscores the intensity of the incident.
The Tecno Camon 30: A Popular but Problematic Device?
The Tecno Camon 30, announced in February 2024, features a 6.78″ display, Helio G99 Ultimate chipset, and a 5000 mAh battery.
The device, which has been marketed as a budget-friendly smartphone with premium features, has generally received favorable reviews for its design and performance capabilities.
However, this incident raises serious questions about the safety standards and quality control measures implemented by Tecno Mobile.
The company, part of the Transsion Holdings group, has been expanding its presence in the African market, particularly in Kenya, where smartphones are increasingly becoming essential tools for communication, business, and entertainment.
Lithium-ion batteries can explode and catch fire when manufactured improperly, overcharged, or overheated, putting consumers in serious danger.
Poor connection between charging circuits can contribute to overheating, further increasing the risk of an explosion.
Using chargers that are not certified or specifically designed for the device can lead to voltage inconsistencies, potentially causing damage to the battery and pushing it beyond its recommended limits, leading to overheating and possible explosions.
The medical implications of such incidents can be severe. Lithium-ion batteries can cause several types of injuries upon explosion, ranging from burns and chemical exposure to physical trauma from the force of the explosion itself.
Mosonik’s experience has led him to issue a stark warning to other consumers, rating the device “0/10 – Do NOT recommend.”
His post continues with a sarcastic commentary on Tecno’s marketing claims: “Tecno’s ‘explosive’ innovation? More like a pocket grenade! Who needs a camera phone when you can have a flaming surprise instead?”
The incident has sparked conversations about consumer safety and the responsibility of smartphone manufacturers to ensure their products meet stringent safety standards.
With the increasing reliance on mobile devices in daily life, such incidents highlight the potential risks associated with poorly manufactured or defective electronics.
This incident occurs against a backdrop of growing concerns about smartphone safety.
If a phone is overheating, users should unplug it immediately, turn it off, and move it to a safe area where it can cool down to help prevent a battery explosion.
The smartphone industry has previously faced similar challenges, with several high-profile cases of device explosions leading to recalls and enhanced safety protocols.
These incidents underscore the importance of rigorous testing and quality assurance in the manufacturing process.
For consumers, this incident serves as a reminder to be vigilant about device safety signs, including unusual heating, swelling, or other abnormal behaviors from their smartphones. Regular monitoring of device temperature and avoiding overcharging can help prevent such dangerous situations.
As Engineer Mosonik recovers from his injuries, his experience serves as a cautionary tale for smartphone users everywhere.
The incident raises important questions about product liability, consumer protection, and the need for stricter safety standards in the rapidly evolving mobile technology market.
Tecno Mobile has not yet issued an official statement regarding this specific incident, but the company may need to investigate the matter thoroughly to determine the root cause and prevent similar occurrences in the future.
For now, Mosonik’s message is clear: consumer safety should never be compromised for the sake of affordability or market competition. His experience transforms what should have been a routine technology purchase into a stark reminder that even everyday devices can pose serious risks when safety standards are not adequately maintained.
Fifteen commercial banks operating in Kenya have been identified as key channels for ferrying large volumes of foreign currency out of the country.
This development has raised concerns over potential money laundering, currency volatility, and regulatory loopholes in the country’s financial system.
According to a Central Bank of Kenya (CBK) survey conducted among 38 licensed commercial banks, 39.4 per cent—or 15 institutions—admitted to regularly transporting physical cash across the country’s borders.
Most of these transactions are tied to foreign currency repatriation and supporting the liquidity needs of subsidiaries abroad.
“The movement of large amounts of physical cash across borders, whether legitimate or illicit, continues to pose significant risks not only to Kenya but to the global financial system,” CBK said in the report.
“Despite existing regulatory measures, smuggling and courier-based cash movement present enforcement and oversight challenges,” the apex bank added.
It said the main destination countries for the cash are the United Kingdom, United States, Germany, Switzerland, South Sudan, and the Democratic Republic of Congo.
The currencies involved are primarily US dollars, Euros, and British pounds. Banks said most of this cash originates from customer deposits and group subsidiaries.
While 87 per cent of the 15 banks involved claimed to have policies guiding cross-border cash handling—including cash declaration forms and identification of couriers—CBK warned that loopholes remain.
The central bank pointed out that although a majority of the banks claim to conduct Know Your Customer (KYC) and Customer Due Diligence (CDD) checks, there are still significant gaps in technology use and inter-institutional cooperation that create room for illicit transactions.
“There is still insufficient technological capacity to detect smuggling attempts, and in some cases, banks have reported uncooperative clients or receiving institutions. These shortcomings hinder the ability to track and verify the legitimacy of cash flows,” CBK added.
Transaction reports
From 2022 to 2024, only four suspicious transaction reports (STRs) linked to cross-border cash were filed with the Financial Reporting Centre (FRC), raising questions over enforcement rigour.
Most of the flagged institutions said they rely on internal investigations, with only 36 per cent referring irregular cases to law enforcement agencies.
The current system is heavily reliant on physical inspections and documentation, making it vulnerable to exploitation.
Stakeholders in the financial sector have called for stronger oversight and enhanced cooperation between banks and regulators.
They are pushing for centralised databases of cash declarations at all ports of entry and real-time access for licensed financial institutions.
The CBK survey further noted that 67 per cent of the banks had experienced at least one instance of cash smuggling or irregularities in cross-border reporting in recent years, though such incidents were described as rare.
To address the challenges, the CBK recommended that financial institutions conduct annual audits of cross-border cash handling, train frontline staff to detect suspicious transactions and automate monitoring processes.
Enhanced due diligence for high-risk profiles and mandatory reporting of all repatriated cash at the point of entry were among the key proposals.
The bank has urged the creation of a unified framework that would allow financial institutions to verify declarations made at the country’s ports of entry, especially as global scrutiny over financial transparency intensifies.
Kenya’s strategic position as a financial and logistics hub in East Africa makes it particularly vulnerable to cash-based crimes.
The country has already strengthened its anti-money laundering laws in recent years, but CBK says enforcement remains uneven.
“This is a wake-up call,” the CBK concluded in the report.
NAIROBI, Kenya – Kenya has eliminated a decades-old tax incentive that allowed expatriate workers to deduct one-third of their employment income before taxation, a move that could significantly impact the country’s appeal as a regional business hub.
The Finance Act 2025, signed into law this week, removes the preferential provision that has long benefited foreign workers employed by non-resident companies operating regional offices in Kenya.
The change means expatriate employees will now face taxation on 100% of their employment gains, potentially increasing their personal income tax liabilities substantially.
The deleted provision previously allowed partial tax relief for foreign workers who met specific criteria:
– Employment by non-resident companies or partnerships trading for profit
– Assignment to Kenya solely for duties related to the employer’s KRA-approved regional office
– Absence from Kenya for at least 120 days annually
– Income not deductible by the employer for Kenyan tax purposes
Legal experts warn the change could make Kenya less attractive to international talent. “This repeal eliminates a long-standing tax incentive designed to attract expatriate employees working in Kenya for regional offices of non-resident companies,” noted law firm Bowmans in their analysis.
The removal of the one-third deduction means affected employees face increased personal income tax burdens.
Companies may need to “gross-up” salaries to maintain employees’ net take-home pay, increasing operational costs for multinational employers.
Kenya serves as a major hub for expatriate workers due to its concentration of regional and international organizations.
While official statistics on expatriate numbers aren’t readily available, Central Bank of Kenya data reveals the scale of this workforce: foreign workers in Kenya remitted a record Sh86.99 billion to their home countries in 2023 – equivalent to Sh7.25 billion monthly and representing a 24.3% increase from the previous year.
Beyond removing expatriate benefits, the Finance Act 2025 grants the Kenya Revenue Authority (KRA) broader powers to collect taxes from non-residents with Kenyan tax obligations.
The legislation amends the Tax Procedures Act to include non-resident persons in provisions governing third-party tax collection, bank obligations, and joint account operations.
These changes extend KRA’s reach beyond resident taxpayers to encompass all non-resident persons subject to Kenyan taxation, potentially increasing compliance requirements for international workers and businesses.
The tax changes come as Kenya seeks to maximize revenue collection amid economic pressures.
The Treasury has been implementing various measures to broaden the tax base and increase collections, though this has included cutting tax targets due to economic challenges.
The elimination of expatriate tax benefits represents a significant shift in Kenya’s approach to attracting international talent and investment.
While it may boost government revenues in the short term, the long-term impact on Kenya’s competitiveness as a regional business destination remains to be seen.
For affected expatriates and their employers, the changes necessitate immediate review of compensation structures and tax planning strategies to navigate the new fiscal landscape.
Security measures aimed at preventing demonstrations bring capital to unprecedented standstill
The bustling streets of Nairobi fell silent on Monday as police cordoned off key areas across the city, creating an economic ghost town that cost the capital an estimated Sh10.4 billion in lost productivity.
What was meant to be a preemptive security measure ahead of anticipated Saba Saba protests transformed into one of the most expensive single days of economic inactivity in the city’s recent history.
The figure represents Nairobi’s entire daily economic output, calculated from the county’s annual Gross County Product of Sh3.8 trillion.
By dawn, the normally congested arteries of commerce—from Moi Avenue to the Central Business District—resembled scenes from a post-apocalyptic film.
Office towers remained dark, shop shutters stayed down, and the characteristic hum of urban activity was replaced by the occasional rumble of police vehicles on patrol.
The financial services sector, which pumps Sh885.6 billion annually into Nairobi’s economy, bore the heaviest brunt.
Major banks, including DTB, issued public notices explaining their decision to keep branches closed, citing staff and customer safety concerns.
The real estate sector (Sh628.4 billion annually) and transport and storage (Sh581.2 billion) followed suit, creating a domino effect across the economy.
The lockdown’s impact extended beyond Nairobi’s borders, disrupting trade and logistics chains that connect the capital to neighboring counties.
While these secondary losses remain unquantified, they likely added millions more to the economic toll.
This economic freeze highlights Nairobi’s vulnerability to political disruptions, despite its position as East Africa’s financial hub.
The city contributes 27.5 percent of Kenya’s Sh16.2 trillion GDP, with a per capita GCP of Sh802,344—nearly three times the national average of Sh293,229.
The irony was not lost on many observers: in attempting to maintain order, authorities effectively achieved what the protesters might have sought—a complete shutdown of business activity.
The day’s events raise critical questions about the cost-benefit analysis of such heavy-handed security measures.
As business owners counted their losses and employees wondered about their daily wages, the Sh10.4 billion figure became more than just a statistic.
It represented missed opportunities, disrupted livelihoods, and the delicate balance between security and economic vitality in Kenya’s capital.
While the lockdown proved temporary, its economic scars serve as a stark reminder of how quickly political tensions can paralyze a modern economy.
For a city that never sleeps, Monday’s silence spoke volumes about the price of fear in the marketplace.
The challenge now lies in preventing such economic paralysis from becoming a recurring feature of Kenya’s political calendar, as investor confidence and business stability hang in the balance.
The Nairobi City Water and Sewerage Company (NCWSC) is at the centre of a brewing scandal after a government audit exposed the illegal use of over Sh1.2 billion in customer deposits — funds meant to be securely held in trust, not sunk into the parastatal’s daily operations.
A confidential report by the Water Services Regulatory Board (Wasreb), seen by this publication, reveals that as of June 30, 2024, NCWSC had depleted Sh1,229,417,698 in consumer deposits, a flagrant breach of regulations that require these funds to be ring-fenced and untouched without approval.
“The company erroneously utilised all the customers’ deposits to carry out its activities without approval from Wasreb. It does not even maintain any bank account for securing customers deposits,” the report states, citing gross violations of public finance standards.
Customer deposits range between Sh2,500 for household water connections and up to Sh100,000 for industrial clients — money that legally should remain refundable.
Wasreb warns that the depletion of this reserve now puts the firm at serious risk of failing to meet refund obligations.
The bigger question is: how did this happen under the watch of the Nairobi County Government?
The audit, conducted between March 17 and 21, unearthed not just financial irregularities but deeper structural rot.
Wasreb found that NCWSC has been locked out of the government’s Business Registration Services (BRS) portal due to technical issues.
This has left the company unable to file returns or update records, a vulnerability the regulator fears could be exploited by fraudsters.
Alarmingly, the audit also revealed that two of the company’s 5,000 shares are registered under the Nairobi Governor’s office and the County Secretary — both non-legal entities under Kenyan corporate law.
This opens a legal Pandora’s box about whether NCWSC’s ownership is valid, and whether its assets are adequately protected from political or private appropriation.
Adding to the concern is the discovery of shell companies registered with names similar to NCWSC, which Wasreb fears could be used to siphon off resources or con unsuspecting citizens.
“Fraudsters may have infiltrated the company through BRS and carried out illegal activities in its pretext,” the audit warns.
The report also paints a picture of an entity lurching forward blindly. NCWSC is currently operating without a valid water services licence, after its last one expired in December 2022.
Despite this, the company has continued to collect money from Nairobi residents without clear legal standing — a regulatory lapse that raises eyebrows.
The company also lacks both a valid strategic plan and a business plan. Without either, it is effectively navigating one of Kenya’s most critical public utilities on guesswork.
It holds thousands of unserviceable vehicles and motorcycles and has no roadmap for asset disposal, raising concerns over wastage.
Meanwhile, critical environmental compliance has also been ignored.
NCWSC lacks effluent discharge licences from Nema for its wastewater treatment facilities in Ruai, Kariobangi, Kahawa West, and Karen.
The audit warns that the land on which these plants sit is vulnerable to encroachment or land grabbing, threatening sewerage services for millions.
Equally troubling is the issue of non-revenue water (NRW) — water that is produced but lost through leaks, theft, or metering errors.
At NCWSC, NRW stands at a staggering 47.9%, nearly double the allowable ceiling of 25%. Wasreb notes inconsistencies in how the company calculates and reports this loss, raising questions about data integrity and internal accountability.
The audit found that NCWSC is riddled with leadership gaps. Key staff are nearing retirement, while several crucial departments are being led by individuals in acting capacities, undermining continuity and institutional stability.
Repeated attempts to obtain responses from NCWSC went unanswered. Managing Director Nahashon Muguna ignored calls and messages.
When reached, Finance Director Paul Omondi said tersely, “The MD will respond to the questions.” No response had been received by press time.
This exposé paints a sobering picture of a company trusted with one of Nairobi’s most basic and essential services — yet flouting legal and financial rules, operating without oversight, and possibly inching toward collapse.
As the country grapples with perennial water shortages and poor sanitation in informal settlements, the rot at NCWSC should be a wake-up call for both county and national governments. Water is life. If the system meant to deliver it is this broken, what future does Nairobi have?
A Kenyan High Court has frozen the bank account of Afriswiss Commodities Ltd following allegations of gold fraud involving a Dubai-based trading company, highlighting Kenya’s growing reputation as a hub for precious metals scams targeting international buyers.
Justice Moses Ado of the High Court issued the preservation order on Monday, freezing at least $140,000 (approximately Ksh18 million) held in Afriswiss Commodities’ account at I&M Bank Kenya.
The order remains in effect until July 10, 2025, pending further court directions.
The case stems from a gold trading agreement signed on May 9, 2024, between SH Trading DMCC, a Dubai-based gold importing firm, and Afriswiss Commodities Ltd, a Nairobi-based precious metals trading company.
The deal involved the shipment of 25 kilograms of gold from Kenya to Dubai.
According to court documents, SH Trading DMCC paid $118,000 in advance to cover various costs including government royalties, export taxes, insurance, smelting fees, customs handling, and agency charges.
The Dubai firm’s majority shareholder, Cord Kabus Dupree, alleged that despite the substantial advance payment, no gold was delivered to the designated port.
Lynnwood Farr, CEO of Afriswiss Commodities, allegedly played a central role in executing the agreement, assuring the Dubai firm of reliable gold supply and convincing them to wire funds to the company’s bank account while paying the balance in cash.
The case has raised eyebrows due to the alleged involvement of Ministry of Mining officials in facilitating the introduction between the parties.
According to Dupree’s testimony, SH Trading DMCC established operations in Kenya after being introduced to key industry players through ministry officials, which gave the firm confidence to pursue the transaction.
This connection to government officials mirrors patterns identified in previous gold fraud cases, where scammers leverage perceived government endorsement to build credibility with international buyers.
Growing Pattern of Gold Fraud
The Afriswiss case appears to be part of a broader pattern of gold fraud targeting international buyers, particularly from the Middle East.
The promise of quick riches is used to lure in unsuspecting marks, often westerners seeking to play out a modern rendition of the Scramble for Africa, according to previous investigations into Kenya’s gold scam networks.
Recent reports indicate that fifty-six per cent of the UAE population is subject to a scam attempt at least once a month, with gold investment scams being particularly prevalent among cross-border fraud schemes.
In a significant development, Afriswiss Commodities, through its CEO, has admitted to receiving $136,940, including interest, for gold that was never delivered.
The company has also acknowledged causing the Dubai merchant an estimated business loss of $2.5 million, though this figure likely represents lost business opportunities rather than direct financial losses.
The admission suggests the company may not contest the basic facts of the case, potentially streamlining legal proceedings and recovery efforts.
Kenneth Amondi, representing SH Trading DMCC, argued successfully for the asset preservation order, expressing concern that the Kenyan company might disown the deal and transfer funds before case conclusion.
The freezing order is designed to ensure that recoverable assets remain available should the Dubai firm prevail in court.
The case is being heard at the Milimani Law Courts, which has become a frequent venue for international commercial disputes involving Kenyan companies and foreign investors.
The Afriswiss case underscores ongoing challenges in Kenya’s gold trading sector, where legitimate mining operations coexist with sophisticated fraud schemes.
Fraudsters often pretend to be government officials or reputable gold dealers, making it difficult for international buyers to distinguish between legitimate and fraudulent operations.
Legal experts recommend that foreign gold buyers verify that sellers hold valid licenses from the Ministry of Mining and are registered with the Registrar of Companies, while also demanding proper documentation including KRA PIN and business registration certificates.
The case also highlights Dubai’s position as a major gold trading hub, with the Dubai Multi Commodities Centre (DMCC) serving as a key facilitator of international precious metals trade.
However, this prominence has also made Dubai-based firms attractive targets for international fraud schemes.
The proliferation of gold fraud cases involving UAE nationals has potential implications for Kenya-UAE trade relations.
A recent case involving a rich Emirati highlights the power that Nairobi conmen can have and Kenya’s role as a smuggling route for gold from the eastern Democratic Republic of Congo, according to regional trade analysis.
The court is expected to issue further orders on July 10, 2025, which may include extending the asset freeze or providing directions for the main case proceedings.
Lebanese Construction Firm’s Leadership Threatened With Imprisonment as Legal Battles Mount
NAIROBI, Kenya – The directors of Lebanese construction giant Zakhem International Construction Limited are facing the prospect of civil imprisonment after a Kenyan court application seeks to have them jailed over an unpaid debt of Sh537 million owed to local subcontractor Azicon Kenya Limited.
The dramatic escalation in what has become a protracted legal battle comes as Zakhem International, once a major player in Kenya’s infrastructure sector, faces mounting financial pressure from multiple creditors following its involvement in the troubled Sh48 billion Nairobi-Mombasa pipeline replacement project.
Court Application Filed
Azicon Kenya Limited has filed an application in the High Court seeking to have Zakhem’s directors, including Ibrahim Salim Zakhem and Abdallah Salim Zakhem – who also serves as the Honorary Consul of Lebanon in Nairobi – sentenced to civil jail for contempt of court.
The application stems from the directors’ alleged refusal to comply with a court order directing them to pay the outstanding debt, despite evidence that Zakhem International recently received substantial payments from the Kenya Pipeline Company (KPC).
“The open contempt of court decree herein warrants the arrest and committing the directors of the defendant to civil jail in the event that they continue to disregard the decree in contempt of court,” Azicon stated in its court filing.
High Court Judge Aleem Visram has scheduled the matter for hearing on July 30, 2025, after directing Azicon’s lawyers to serve the application and supporting documents on the directors.
Pipeline Project Debt Dispute
The debt dispute traces back to 2018 when Azicon Kenya was subcontracted by Zakhem International to perform electrical, instrumentation, and telecommunication installation work during the replacement of the 450-kilometer Nairobi-Mombasa pipeline. The massive infrastructure project, valued at Sh48 billion, was intended to modernize Kenya’s critical fuel transportation network.
According to court documents, Azicon’s contract was worth $10,137,424 (approximately Sh1.3 billion). However, the company claims it has only received $6,509,502 (about Sh840 million) from Zakhem, leaving an outstanding balance of $4,160,857 (Sh537.3 million).
Azicon’s Managing Director, David Kibet Tonui, told the court that his company completed all required works and was issued with the necessary completion certificates, yet Zakhem has persistently refused to settle the debt.
“Most recently, the defendant (Zakhem) refused, declined or ignored to pay the plaintiff the balance of the decretal sum plus interests despite receiving over Sh485,000,000 from Kenya Pipeline Company as per ruling dated 23rd June, 2025,” Tonui stated in his affidavit.
Pattern of Legal Challenges
The Azicon case represents just one facet of Zakhem International’s growing legal troubles in Kenya. The Lebanese firm is simultaneously battling multiple creditors and facing various court proceedings related to its Kenyan operations.
Last year, another subcontractor, Multiple ICD (Kenya) Ltd, pursued a debt of Sh670 million from the Lebanese firm. Multiple ICD had even obtained a court order freezing KPC’s bank accounts, though this was later lifted after it emerged that the state-owned company was not holding funds on behalf of Zakhem International.
At the same time, another Nairobi court is ordering Zakhem Construction Limited to settle a KSh 537.3 million debt owed to a Kenyan subcontractor Azicon Kenya Limited, marking a decisive legal blow to the firm and escalating pressure over its financial standing in East Africa.
Recent court developments have also seen Court has ordered Equity Bank Kenya to release KSh 485 million from Kenya Pipeline Company (KPC’s) accounts to Zakhem International, indicating the complex web of financial arrangements and disputes surrounding the construction firm.
Seeking Travel Restrictions
Beyond the civil jail application, Azicon is also seeking additional remedies from the court. The company wants an order preventing Zakhem International’s directors from leaving Kenya unless specifically authorized by the court, effectively imposing travel restrictions on the Lebanese nationals.
Tonui argues that the court should examine the directors personally regarding their company’s ability to settle the debt. “It is only fair and to the interest of justice that the aforesaid directors of the defendant company are examined by this honourable court on the ability of the respondent company to settle the said costs, failure to which the veil should be lifted and have them in person settle the costs from the monies received from KPC,” he stated.
The request to “lift the corporate veil” represents a significant legal strategy that could make the directors personally liable for the company’s debts, moving beyond the typical protection afforded by corporate structure.
Broader Implications
The Zakhem International case highlights the challenges facing major infrastructure projects in Kenya, where complex subcontracting arrangements can lead to protracted payment disputes. The pipeline replacement project, despite its strategic importance to Kenya’s energy security, has become emblematic of the difficulties in managing large-scale construction projects involving multiple stakeholders.
The Lebanese firm’s troubles also underscore the risks faced by foreign construction companies operating in Kenya, where legal proceedings can result in significant financial and reputational damage. The involvement of diplomatic personnel – with Abdallah Salim Zakhem serving as Honorary Consul – adds another layer of complexity to the proceedings.
For Kenyan subcontractors like Azicon, the case represents the lengths to which local firms must go to secure payment for completed work, even when dealing with established international contractors.
Legal Precedent
Should the court grant Azicon’s application, it would set a significant precedent for holding corporate directors personally accountable for their companies’ financial obligations. Civil imprisonment, while not common in commercial disputes, represents one of the most severe remedies available to courts in contempt proceedings.
The case also demonstrates the evolving nature of commercial law in Kenya, where courts are increasingly willing to look beyond corporate structures to ensure justice for creditors, particularly local businesses that may lack the resources for prolonged legal battles.
Next Steps
With the hearing scheduled for July 30, 2025, the coming weeks will be crucial for both parties. Zakhem International’s directors will need to respond to the serious allegations and demonstrate their compliance with existing court orders, while Azicon will need to substantiate its claims of contempt.
The outcome could significantly impact similar cases involving foreign construction companies in Kenya and may influence how international contractors approach their obligations to local subcontractors in future projects.
The case continues to unfold as Kenya’s judiciary grapples with complex commercial disputes that carry both legal and diplomatic implications, setting the stage for what could become a landmark ruling in the country’s commercial law jurisprudence.
Kenya Railways has unexpectedly suspended the popular Sunday 10 pm Madaraka Express passenger service from Mombasa to Nairobi, citing unspecified technical issues just hours before the controversial Saba Saba protests scheduled for Monday.
The state corporation announced the suspension in a brief statement released Sunday evening, providing no details about the nature of the technical problems or when normal operations would resume.
“We regret to notify members of the public that due to technical issues, the Madaraka Express 10 pm passenger train from Mombasa to Nairobi has been suspended,” the notice read.
“Kenya Railways prioritises the safety of our passengers. We apologise for any inconvenience caused.”
The suspension comes at a particularly sensitive time, as Kenya braces for Monday’s Saba Saba protests that have prompted heightened security measures across the country. Earlier reports indicated that police had already halted travel from Diani festival attendees to Nairobi, and several schools have closed amid fears of potential unrest.
The timing has raised eyebrows among transport analysts, particularly given that the affected route is one of the key night-time services on the Standard Gauge Railway (SGR), popular with passengers traveling between the coastal city and the capital.
The train suspension adds to a series of travel disruptions reported ahead of the Saba Saba demonstrations.
Police have been implementing various travel restrictions, and there are widespread concerns about potential violence during the protests.
Cabinet Secretary Kipchumba Murkomen recently warned that “the right to protest must not be used to justify chaos,” while other government officials have urged public officers to report to work despite the planned demonstrations.
The Madaraka Express, which operates on the Standard Gauge Railway, has been a cornerstone of Kenya’s modern transport infrastructure since its launch. The railway connects Mombasa to Nairobi and has been crucial for both passenger and freight transport.
Kenya Railways, established under Cap 397 of the Laws of Kenya and operational since January 20, 1978, recently took full control of SGR operations as the Chinese team that initially managed the system prepared to exit the country.
The corporation has committed to modernizing and expanding the national rail network through its railway master plan, including developing commuter services across major cities.
The suspension affects thousands of passengers who rely on the night service for convenient travel between Kenya’s economic hub and its largest port city. No alternative arrangements have been announced for affected travelers.
Kenya Railways has not provided a timeline for when the service will resume, stating only that passenger safety remains their top priority.
Kenya Electricity Generating Company (KenGen) Acting General Manager for Supply Chain Vincent Mamboleo finds himself at the center of a procurement storm after endorsing a controversial tender award that has cost taxpayers millions in potential savings and raised serious questions about his stewardship of public resources.
Documents reveal that Mamboleo personally endorsed the award of a €18.16 million (Sh2.7 billion) consultancy contract to Italian firm ELC Electroconsult on March 10, 2025, despite a competing bid from Sintecnica Engineering and Steam joint venture that was €1.37 million (Sh200 million) cheaper.
The decision has now backfired spectacularly, with the Public Procurement Administrative Review Board (PPARB) cancelling the award and ordering a fresh evaluation—a move that has exposed fundamental flaws in KenGen’s procurement processes under Mamboleo’s watch.
According to PPARB documents, the Financial Evaluation Report dated March 3, 2025, recommended ELC Electroconsult for the Olkaria VII geothermal plant consultancy tender. This recommendation was then endorsed by Mamboleo on March 10, 2025, setting in motion a procurement decision that would soon unravel.
The endorsement is particularly troubling given that both bidders had met the minimum technical threshold of 70%, meaning the contract should have gone to the lowest bidder—a fundamental principle of competitive procurement that Mamboleo, as an experienced procurement officer, should have upheld.
Instead, KenGen proceeded to award the contract to the higher bidder, with Mamboleo’s signature appearing on the key documents that justified this decision.
The controversy deepens when examining the evaluation methodology that Mamboleo’s team employed. PPARB found that KenGen’s evaluation committee “improperly introduced an undisclosed sub-criteria and adopted a comparative methodology not contemplated in the tender document.”
This finding directly implicates Mamboleo’s oversight of the procurement process. As the Acting General Manager for Supply Chain, he bears ultimate responsibility for ensuring his evaluation committees follow proper procedures and criteria outlined in tender documents.
The fact that his team introduced undisclosed criteria that favored the higher-priced bidder raises serious questions about the integrity of the evaluation process under his leadership.
The tender was initiated to secure funding from the European Investment Bank (EIB), making adherence to international procurement standards even more critical. EIB funding typically comes with strict requirements for transparent, competitive bidding processes designed to ensure value for money.
Mamboleo’s endorsement of a flawed evaluation process not only violated domestic procurement laws but potentially jeopardized KenGen’s relationship with this crucial development partner. Such funding partners expect rigorous procurement standards, particularly for projects involving public resources.
In court papers filed as KenGen challenges PPARB’s decision, Mamboleo has argued that the board’s ruling “clearly pre-determines the winner” and reduces re-evaluation to mere “rubber-stamping.”
However, this defense appears to miss the point entirely. PPARB’s intervention was necessary precisely because Mamboleo’s original evaluation process had already predetermined the winner through questionable scoring methods that favored the higher bidder.
His claim that the board “usurped the evaluation committee’s powers” rings hollow when the committee under his supervision had already exceeded its mandate by introducing undisclosed evaluation criteria.
This is not the first time questions have been raised about KenGen’s procurement practices. The company has faced previous challenges over tender awards, suggesting systemic issues that require urgent attention.
Mamboleo’s role in this latest controversy raises questions about whether KenGen has the right leadership in place to manage its procurement function, particularly given the company’s ambitious expansion plans requiring multiple high-value contracts.
The financial implications extend beyond the immediate Sh200 million difference between the two bids. PPARB’s intervention has delayed the project, potentially affecting KenGen’s timeline for the 80MW Olkaria VII plant that would increase the company’s geothermal capacity to 879.3MW.
Legal costs, administrative delays, and potential reputational damage with development partners represent additional costs that ultimately burden taxpayers—costs that could have been avoided with proper procurement oversight.
As KenGen awaits Justice John Chigiti’s ruling on July 24, the company faces fundamental questions about its procurement governance.
For Mamboleo, the controversy represents a significant test of his leadership and competence in managing public resources. His handling of this matter will likely influence his future prospects within the organization and the broader public sector.
NAIROBI, Kenya July 5 – The Board of Management of the Kenya Hospital Association, which runs The Nairobi Hospital, has announced a change in leadership, confirming the removal of Dr. Barcley Onyambu as Chairman and the election of Prof. Herman Manyora in his place.
The Board in a statement issued Saturday, said the decision to remove Dr. Onyambu was made unanimously during a special meeting held on June 30, 2025, in accordance with the hospital’s Articles of Association.
Following the decision, however, Dr. Onyambu, with the support of the hospital’s Chief Executive Officer and Company Secretary, reportedly refused to vacate the position, prompting the Board to seek legal intervention.
The High Court on July 3, 2025, sitting under a certificate of urgency, issued interim conservatory orders barring Dr. Onyambu, the CEO, and the Company Secretary from holding or facilitating any board meetings or related governance activities, including a planned retreat.
The court’s orders upheld the Board’s resolution, affirming Prof. Manyora’s position as the legitimate Chairman, with full authority to execute all functions of the office.
“The CEO, Company Secretary, and Dr. Onyambu cannot take any actions that interfere with the rights, powers, and decisions of the duly constituted board leadership,” the statement read.
The hospital further warned that any attempt to undermine the court order or carry out actions contrary to the ruling would be considered contempt of court and attract serious legal consequences.
Prof. Manyora, in the statement, affirmed his commitment to restoring stability and integrity to the hospital’s governance and ensuring continued service delivery.
