Audio By Vocalize Some 84 human resource officers suspected of being involved in the Sh6.2 billion payroll fraud have been sent on forced 30-day leave with immediate effect. Public Service Cabinet Secretary Geoffrey Ruku, in his order, said the HR officers are drawn from Medical Health, Public Health, Professional Standards, Kenya Police Service and Kenya Prisons Service departments. The move comes after the Director of Criminal Investigation (DCI) on July 7 handed over a State payroll audit of February 2025, which showed a fraud that might have cost taxpayers Sh6.2 billion. The Standard had carried an investigative report dubbed…
Author: By James Wanzala
Audio By Vocalize Britam Group CEO Tom Gitogo. [File, Standard] Britam Asset Managers has launched two special funds that will give local investors access to global equities and a broader mix of local and international assets. The two funds, Britam Enhanced Global Equities Special Fund and Britam Multi Asset Special Fund, which were approved by the Capital Markets Authority (CMA) in August, target investors seeking long-term growth and greater diversification. The special funds expand Britam’s investment offering beyond local markets as Kenya’s fund industry grows. Collective investment scheme assets reached Sh948.7 billion in June, according to the CMA, up by…
Audio By Vocalize Unilever has invested Sh70 million in an 800kW solar power system at its Nairobi factory, targeting lower energy costs and greater stability in its manufacturing operations. The solar installation, which became operational in June, is expected to supply about 30 per cent of the factory’s electricity and cut annual energy costs by approximately Sh30 million. The investment is part of the consumer goods manufacturer’s efforts to increase renewable energy use across its operations and reduce reliance on conventional fuels. Unilever said the solar system, combined with an earlier switch from heavy fuel oil (HFO) to biomass for…