Category: Business Daily

A group of former Standard Chartered Bank Kenya (SCBK) employees have asked the UK’s financial services regulator to compel the lender’s British parent to act on their claims for past undervalued pensions, citing frustration in their engagement with the Kenyan subsidiary.

The group numbering 325 is seeking pension on the same terms as the 629 former workers who recently won a Supreme Court case affirming a Retirement Benefits Appeals Tribunal (RBAT) award against the lender for their dues estimated at about Sh7 billion.

Eighteen saccos have converted Sh660 million worth of claims in Kuscco Mutual Assurance Limited (KMAL) into an undisclosed stake in the entity ahead of the planned sale of a majority ownership in the Kenya Union of Savings and Credit Co-operatives Ltd (Kuscco)-owned insurer.

Kusccco managing director Arnold Munene said in an interview the sealing of a deal to dispose of a key stake of Kuscco Mutual Assurance to strategic investors is likely to conclude in November and saccos have been supporting this through the claims-to-equity transactions.

The Employment and Labour Relations Court has nullified the sacking of a company manager on allegations of practising witchcraft and failing to respond to text messages from her supervisor, ruling the dismissal violated statutory procedures.

While voiding the termination, the court cited the employer’s failure to produce written termination charges, proof of disciplinary hearing notices, and verification of witchcraft claims.

‘I’ve been happy most, if not all, of my life,’ Ambassador Macharia Kamau says. ‘My dad always slipped a shilling under the pillow when the tooth fairy came. So I grew up believing in a magical world.’

Magical indeed-for few Kenyans have carried their flag into as many global rooms. Over nearly four decades, he has served for 14 years as Kenya’s top diplomat, including nine years as Ambassador to the United Nations and five years as Principal Secretary for Foreign Affairs.

Crown Paints’ long-serving chief executive officer Rakesh Rao has stepped down after 20 years, during which the company recorded major growth in earnings and sales, and expanded into the regional market.

He has been replaced by Mustafa Turra effective October 1, 2025.

The High Court has frozen the newly revised park entry fees by the Kenya Wildlife Service (KWS), dealing a blow to the State agency, which banked on the higher charges to bridge a Sh12 billion annual budget deficit.

Justice John Chigiti issued the conservatory order following a petition by the Kenya Tourist Federation, representing tourism industry stakeholders, arguing that the move would affect the country’s global position as a safari destination.

A forged court order was used to lock out businessman Paul Ndung’u from participating in a dispute over the fight of betting firm SportPesa, placing a top lawyer under criminal investigations for forgery.

The details emerged in a judgment where the Court of Appeal reversed its earlier ruling that had blocked the businessman from participating in pending cases over control of SportPesa’s assets and shares.

The government plans to double the maximum compensation to policyholders of collapsed insurance companies to Sh500,000 per claim in a move to shield customers from losses.

The National Financial Inclusion Strategy (NFIS) for 2025-28, which has been prepared by key State players in the financial sector, including the Insurance Regulatory Authority (IRA) and Central Bank of Kenya, says raising the ceiling from the current Sh250,000 will help promote stability.

Employees of the Kenya Industrial Property Industry (Kipi) have been barred from registering or revoking trademarks, patents, and industrial designs without the express approval of the agency’s board of directors.

The Ministry of Investments, Trade, and Industry said it had been notified that staff of Kipi are processing and registering trademarks, patents, and industrial designs without involving the board or its technical committee.

‘Every artist was first an amateur.’ – Ralph Waldo Emerson

We love to celebrate creativity when it shines on a stage or hangs in a gallery, but rarely do we speak of the nights when it had to pay the rent.