Featured Kenya

Kenya: Ksh5 billion in MP Rigathi Gachagua’s accounts ‘mysteriously’ goes ‘missing’

The state cannot trace Ksh5 billion that had been deposited in Mathira MP Rigathi Gachagua’s bank accounts, suspected to be proceeds of money laundering and graft. The MP received Ksh12.5 billion through three accounts in Rafiki Micro Finance Bank, in seven years, and the Asset Recovery Agency (ARA) was able… Read More

Kenya ranked highly in ‘dirty’ money business – UN report

The latest UNCTAD report titled Economic Development in Africa Report 2020 ranked Kenya at position 24 globally among countries that record high illicit financial flows. The report was presented by Secretary General of UNCTAD Mukhisa Kituyi at the end of September 2020. This places Kenya ahead of Nigeria (34),… Read More

Kenyan Governor Muthomi Njuki surrenders to EACC

Tharaka Nithi Governor Muthomi Njuki Monday surrendered to the Ethics and Anti-Corruption Commission ahead of his planned arraignment. The governor surrendered at the commission’s Integrity House headquarters, Nairobi, for processing and possible arraignment, officials said. Njuki and his wife are among ten people expected to be charged this morning with… Read More
14th August 2020
Nairobi Governor Mike Sonko has failed to persuade a court that he is broke and cannot even buy groceries for his family after his accounts were frozen. The governor had petitioned the Anti-Corruption Court as he sought access to Sh500 million stashed in accounts held by the State. Sonko, who… Read More
4th August 2020
Africa isn’t included on the virtual asset regulatory map just yet. But crypto businesses seeing strong growth across the 54-country continent are working hard on know-your-customer (KYC) rules to meet the exacting standards set out by the Financial Action Task Force (FATF). A broad range of entities operating in Africa,… Read More
26th June 2020
Kenya will extend various relief measures on mobile phone payments that were introduced to help to curb the spread of the new coronavirus by a further six months, the central bank said on Wednesday. The East African country introduced the measures to encourage cashless payments on mobile phones because the… Read More
28th May 2020
The days of individuals hiding their ill-gotten wealth or cash in banks’ safe deposit boxes are numbered. This is after the Central Bank of Kenya (CBK) gave banks until the end of this year to ensure that safe boxes and lockers are free of any dirty cash and illegal items… Read More
10th April 2020
Central Bank of Kenya has suspended Absa Bank Kenya’s foreign exchange licence for seven days for failing to report specific foreign exchange trades it conducted last month. “During this period, Absa cannot transact in the inter-bank foreign exchange market. However, all committed transactions as at April 8,2020 can be settled,”… Read More
18th December 2019
The shadowy interests of Yevgeny Prigozhin — a Russian businessman and close associate of President Vladimir Putin — have just become a little clearer. Over the past year, reporters from OCCRP’s Russian partner, Novaya Gazeta, tracked the registration details and movements of business jets linked to Prigozhin. They reveal significant… Read More
9th December 2019
The governor of Kenya’s capital city has made no secret of his love for bling: He has posted photos of a golden lion statue and a gilded  dining room set, and has shown up at meetings draped in  gold jewelry. At rallies, he hands out cash to… Read More
6th November 2019
While Chinese companies are feeling the pressure of anti-graft and tax evasion crackdowns at home, some are also facing similar campaigns abroad as African countries try to stamp out corrupt practices. In the past three years, a number of Chinese-owned companies have landed in trouble with investigating agencies for… Read More
3rd October 2019
A Kenyan anti-corruption drive uncovered the equivalent of tens of millions of dollars in unexplained wealth when it retired old banknotes, the central bank said on Wednesday, adding much of the cash appeared to have been gained in “the criminal area”. The East African nation has a diverse, fast-growing economy,… Read More
29th July 2019
Noordin Haji, head of public prosecutions in Kenya, is the urbane son of one of the country’s most prominent families. George Kinoti, born in the slums, rose from burly beat cop to head the powerful police investigation department. Together, they are building corruption cases against top Kenyan officials. This week, the… Read More