Kenyan authorities seek to prosecute Humphrey Kariuki for tax evasion
The Kenya Revenue Authority is investigating embattled businessman Humphrey Kariuki for tax evasion.
Horn of Africa
IFC partners with Gideon Muriuki’s Co-operative bank and Philips on COVID health funding deal
The International Finance Corporation has partnered with Gideon Muriuki’s Co-operative Bank and Philips in a $300-million deal to fund small- and medium-sized businesses in the fight against COVID-19.
Kenyan advertising tycoon Bharat Thakrar resigns from WPP Scangroup
Scangroup announced that its founder has resigned.
James Mwangi’s Equity Group receives $100 million facility from European development banks
Equity Group is collaborating on the facility with leading European development banks.
Nearly 1,000 Kenyans lose HNWI status due to weak oil prices, COVID-19
It has been a difficult year for Kenya’s wealthy, as 900 lose HNWI status.