This illustration photograph taken on October 5, 2020 in Toulouse, southwestern France, shows logos of US social networks Facebook and Instagram on the screens of a tablet and a mobile phone. (Photo by Lionel BONAVENTURE / AFP) In April, the High Court in Nairobi ruled that Meta, the parent company of social media giants Facebook, Instagram and WhatsApp had a case to answer over its failure to regulate hateful, insightful and dangerous content on its platform at the height of Ethiopia’s civil war. In a constitutional petition, Ethiopian researchers Abrham Meareg and Fisseha Tekle, and Kenya’s rights group Katiba Institute…
Author: By Frankline Sunday
Ethics and Anti-Corruption Commission is probing 25 counties for various corruption cases involving Sh13.3 billion in public funds. [File, Standard] County governments are emerging as the new avenues for money laundering and illicit financial flows, with taxpayers losing billions of shillings each year to the growing menace. This is according to a new report by the National Taxpayers Association (NTA) and Global Financial Integrity (GFI) that reveals the gaps and inefficiencies exploited to syphon public funds from the devolved units. According to the report, revenue leakages in the counties have hampered efforts to boost own-source revenue collections, making counties heavily…
Jubilee Life Insurance Super-Agent Jayshree Haria celebrates her fifth consecutive 100% persistence win alongside CEO Asman Mugambi at the 2024 AKI Awards, where Jubilee Life Insurance also won three corporate awards. (Courtesy) Insurance service provider Jubilee Life Insurance has reported Sh2.1 billion in profit after tax for the year ended December 2024 on the back of high investment income from government securities and equity investments. The firm’s net investment income hit Sh17 billion over the same period of time, up from Sh9.1 billion reported in 2023, with management upbeat over the insurer’s investment approach for delivering competitive returns. “We’re encouraged…
Business Registration Service Director General, Kenneth Gathuma. (Courtesy) Business owners who have not registered their firms or provided their list of shareholders could be deregistered by May 15 this year. This comes following a notice by the Business Registration Services (BRS), giving companies and their shareholders one month to comply. “On October 17, 2024, the Registrar of Companies issued Directive No 1 of 2024 under Section 93A of the Companies Act,” stated the BRS in its notice. “This directive allowed private companies until November 30, 2024, to comply with the requirement to file a copy of their register of beneficial…
CBK Kenya Deputy Director & Head of Digital Payment Services at the Juanita Omanga during the Kenya Travel Industry payment summit 2025 at Azure hotel , Nairobi on 27 march 2025 [David Gichuru, Standard] Commercial banks reported a significant drop in lending last year as more Kenyans shied away from costly loans amid an economic downturn that limited their ability to borrow. This comes despite the Central Bank of Kenya (CBK) reducing the base lending rate from 13 per cent in June last year to the current 10.75 per cent in anticipation that banks will pass on the benefits to…