Home Latest News

Latest News

Mumias East MP Peter Salasya was on Saturday December 2, caught up in yet another violent confrontation in Kakamega.

The first term lawmaker’s car was pelted with stones by rowdy youths, destroying its back window after attending the burial event of former nominated senator and Kakamega nominated MCA Godliver Omondi in Bulimbo village, Kholera Ward, Kakamega County.

According to Salasya, the group of the rowdy youth had been hired by his political nemesis to block him from attending the funeral.

The MP managed to attend the funeral, only for him to face the attack while leaving.

In a video posted on his official social media accounts, Salasya accuses Kakamega Governor Fernandes Barasa of planning the violent confrontation for “fear of the bitter truth” the lawmaker has been speaking.

He adds that the Kakamega county chief was afraid of the warm reception the MP would have received at the funeral.

“I told him the truth days ago and because he knew I would come to the burial and be treated to a warm welcome, he staged youths to block me,” Salasya is heard saying in the video.

“I am a protected leader. Let no one endanger the lives of the youth. What if they attacked me and my security team acted in defence?” he added.

ODM leader Raila Odinga who attended the funeral urged MP Salasya and governor Fernandes Barasa to embrace a handshake and work together.

Playing a mediator, Raila asked the leaders to shelve their differences and work together to the advantage of their respective subjects.

However, Salasya says there will be no any handshake between him and the governor after his car was destroyed in the violent confrontation.

“There will be even no handshake between me and Barasa after he did this to me. I can even leave Azimio if the leaders insist that we have a handshake,” Salasya said.

He went ahead to promise governor Barasa a fierce battle in the 2027 Kakamega gubernatorial race.

“In fact I will vie for the Kakamega gubernatorial race in 2027 and I will unseat you Barasa very early in the morning,” Salasya dared.

“There shall be no more handshake between me and this childish Governor and because of this I will vie for Governor 2027 nikipita ni Sawa Nikianguka ni Sawa,” he said.

This is not the first war the youthful MP is having with Governor Barasa.

A few weeks ago, Mr. Salasya was attacked and chased out of a church service at Bukaya Catholic Church by rowdy youths said to be supporters of Kakamega Governor Fernandes Barasa.

Mr Salasya’s bodyguards were forced to shoot into the air as they evacuated the MP.

Men allegedly allied to Kakamega Governor Fernandes Barasa snatched the microphone from him in an attempt to cut short his speech.

The first-time MP, who has become a fierce critic of Governor Barasa, was midway through his speech, which was highly critical of the governor’s performance and the county government’s handling of the Mumias sugar company, when he was shouted down.

Salasya’s fight against Barasa dates months back when the lawmaker accused the governor of suppressing efforts to revive the Mumias Sugar Company.

During President William Ruto’s meeting with the Western region’s leaders at Kakamega State Lodge in August, the lawmaker accused Barasa of presenting his own opinions as the resolutions made by legislators from Kakamega.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Kenyans on social media have expressed mixed reactions after it was revealed that President William Ruto will fly to India on Monday, December 4.

President Ruto who is currently attending COP28 in Dubai will be making his inaugural state visit to India.

He will be in India for three days and will engage in bilateral talks with various government officials besides holding discussions with Indian Prime Minister Narendra Modi.

Ruto will be accorded a ceremonial welcome at the forecourt of Rashtrapati Bhawan on December 5.

On the other hand, a state banquet will also be hosted by the Prime Minister in honour of Ruto and his delegation.

It was detailed that the ceremonial welcome was aimed at India’s goal of enhancing its foreign relations with Kenya.

President Ruto has made over 40 foreign trips in under one and a half years since he took over from Uhuru Kenyatta on September 12, 2023. 

The revelation about his trip to India has sparked heated social media reactions, with a section of Kenyans expressing their displeasure against the head of state.

Some say that the term “tangatanga” that he had been branded during the last term of former President Uhuru Kenyatta’s regime was a definition of his true self.

Others have urged the President to stay long in the country and find a way of turning around the economy.

Below are screenshots of some of the reactions.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Drama erupted in Harambee, Kholera Ward in Kakamega County when a man accessed the dais and took a microphone from ODM leader Raila Odinga.

The Azimio leader was speaking during the funeral of former Senator and Kakamega nominated MCA Godliver Omondi when a group of youths at the funeral began fighting.

Raila’s speech was interrupted when a man who was a member of the deceased’s family moved to the dais and grabbed the microphone from the former Prime Minister.

Raila complied and handed over the microphone to the man who expressed displeasure at the youth who had disrupted the funeral.

The man complained that a section of politicians in the area have been using the youths to cause chaos due to political differences.

According to him, politicians have been buying alcohol for the youth so that they can cause such chaos once drunk.

In response, Raila who was given back the microphone noted that he was going to bring together the politicians, so that they can work together for the region to benefit.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Five people have died and 11 others injured in a grisly road traffic accident that occurred along Kericho-Nakuru Highway on Saturday December 2.

According to the police, the accident happened at about 0245 hours near Molo- Londiani Junction along Kericho -Total-Nakuru Highway.

The accident involved a PSV motor vehicle Reg. No. KDM 709Z Toyota matatu belonging to OBAMANA SACCO that was being driven from the Kericho direction towards Nakuru, and motor vehicle Reg. No. KAU 614V, Nissan UD Lorry that was in front heading towards Nakuru direction.

The police say the driver of the matatu is still unconcious.

As a result of the accident, four (4) male adult passengers on board the matatu and a juvenile aged about 2 years died on the spot.

Eleven of the passengers sustained serious injuries and were rushed to Molo and Londiani Hospitals whereby they are undergoing treatment.

The bodies of the deceased are preserved at Londiani Sub- County Hospital Mortuary awaiting postmortem.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Deputy President Rigathi Gachagua has said the William Ruto-led government cannot deal with money launders and other fraudsters conning unsuspecting Kenyans.

Speaking in Uasin Gishu county on Saturday, December 2, on the sidelines of the inaugural Great Chepsaita Cross Country run, DP Gachagua said the government cannot offer any help on money laundering and other frauds.

Instead, the second in command advised Kenyans to exercise extra caution to avoid being conned.

He stated that the country is unable to come up with any legislation to cushion Kenyans against the rackets that perpetrate the frauds.

“Hatuwezi kutengeneza sheria ya kuondoa ‘washwash’ na conmen, ni watu wajichunge na wajue kwamba yote amabayo inapatikana kwa urahisi si kweli (Loosely translates to We can’t come up with laws to deal with ‘wash wash’ and conmen, it is for Kenyans to be careful. They ought to know that nothing good comes easy),” DP Gachagua stated

He added that Kenyans should work hard for their success and avoid falling for get-rich-quick schemes which the fraudsters operate behind.

“We want to ask our people to be careful with those who take advantage of them. When they come to cheat you they will double your money, why can’t they triple theirs?” he added.

In September this year, President William Ruto signed the Anti-Money Laundering and Combatting of Terrorism Financing Laws Amendment Bill, 2023.

The bill would amend the Extradition (Contiguous and Foreign Countries) Act (Cap 76) and the Extradition (Commonwealth Countries) Act (Cap. 77) to allow the surrender of a fugitive criminal who consents to be extradited to a requesting State.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Software solutions provider Robisearch Limited has been recognised as a leader in the creation of digital solutions that help businesses streamline work processes.

During the KEOnline Digitally Fit awards held on 24th November at the Safari Park hotel in Nairobi, the firm was awarded as Top Digitally Fit ERP and Software solutions provider for SMEs.

Some of the solutions the firm provides include a point-of-sale system that enables business owners to track the performance of their enterprises remotely, and know whether staff are being accountable.

“Somebody who runs multiple businesses could have a tough time tracking their profits and business performance, thus end up losing stock, or money with no one to account for this. The Robisearch Point of Sale system helps business owners to keep track of their stock and inventory, even when they are working remotely,” noted Robert Manyala, Director, Robisearch.

The firm has also developed a software application that enables organisations to efficiently manage client feedback. Customers can give feedback on what they like or what they want improved on via the platform. The platform then generates valuable and actionable insights that organisations can use to enhance customer experience.

“Customer feedback is critical for any organisation as this is what enables them to understand the needs and demands of their customers and respond accordingly,” noted Mr Manyala.

The firm has also developed a property management system that enables landlords, agents and property owners to manage their rentals with ease.

The system enables property owners to generate invoices and receipts of tenant payments, as well as maintain records of property occupants digitally, thus reducing the inefficiencies that come with paper-based record keeping.

The system also enables property owners and agents to easily manage the booking and renting of rooms, as well as manage tenancy agreements and leases.

“Someone who owns multiple residential houses is able to know the vacancies and status of payments instead of relying on agencies and caretakers. Tenants can also use the portal to speak up. Agencies working with multiple landlords can also leverage the tool to simplify work,” noted Manyala.

Currently, the PMS is available for property owners in major towns and cities like Mombasa, Kisumu, Eldoret, Kakamega, Meru, Naivasha, Nakuru, among others. It is also available in Tanzania and Uganda.

Other solutions the firm provides include bulk SMS, bulk WhatsApp, biometric time attendance and Access Control. The Digitally fit award cements the firm’s recognition as a Pacesetter in software and Digital Solutions, on 30th June this year.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Detectives from the Directorate of Criminal Investigations (DCI) have arrested four men linked to the theft of Ksh 94 million cash in transit by known Wells Fargo staffers on November 6.

The stolen cash belongs to Quickmart supermarket.

The four suspects were arrested in different parts of Nairobi, and Sh9 million believed to be part of the proceeds recovered.

The ffirst suspect Ismael Patrick Gitonga, was arrested in Rongai, Kajiado County following forensic-led clues.

He is believed to be the driver and accomplice who ferried Wells Fargo crew Mugetha, Nduiki and the stolen Sh94, 918,750 from the company truck in South C using his Toyota Fielder Reg no. KBM 751W.

The detectives extended their investigations to Njiru area in Kayole where they traced the motorvehicle in the hands of Michael Matoro Njeru and Samuel Onyango.

According to DCI, the duo was ambushed hands-on-tools modifying the vehicle for concealment. The two were equally cuffed and the vehicle detained.

Moments after a brief interrogation, detectives revved to a spot near the Thika Road Mall in Roysambu, where the 4th suspect – Martin Nderi Ng’ang’a was arrested.

He led the detectives to his rented house still in Roysambu, where a search therein saw the rocovery of Sh9.1 million in cash.

Having booked the four suspects, the sleuths proceeded to a forest near Gataka Market in Karen, where the cash box used in transporting the stolen money was recovered.

Detectives believe that the forest was the meet up point for the suspects, where the loot was shared before each one of them risked his way from the long arm of the law.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

itel, the global leading smart life brand committed to providing affordable and good quality consumer electronic products, announced the imminent arrival of its flagship curved screen smartphone, the itel S23+.

itel S23+ is poised to revolutionize the smartphone experience with its cutting-edge technology and innovative features, all within an incredible price range.

Experience of Future of Visual Brilliance with a Mesmerizing Curved Display

Central to the itel S23+ is its remarkable 6.78-inch big FHD+ AMOLED curved screen, which takes visual excellence to new heights.

The screen’s 59-degree curvature creates a mesmerizing visual experience that wraps around the edges, immersing users into their content.

Boasting an impressive 93% ultra-high screen-to-body ratio, this curved screen provides immersive views that captivates the senses.

The 99% DCI-P3 color saturation, an improvement of 12% over its predecessor, ensures that colors are vibrant, accurate, and true-to-life.

The contrast ratio, reaching up to an astonishing 400000:1, significantly surpasses its predecessor’s 1500:1, delivering exceptional clarity and vividness, even in challenging lighting conditions.

This, combined with a high resolution of 1080×2400, delivers dynamic clarity and colorful details.

Furthermore, the incorporation of in-display fingerprint technology adds to both convenience and security, while Corning Gorilla Glass 5 provides a superior touch experience and safeguards against accidental drops.

Seamless AI Assistant: Aivana GPT Integration

Carrying on itel OS13 system, itel S23+ will be upgraded to seamlessly integrate with the Aivana GPT voice assistant, offering automate support for voice-operated phone calls, WhatsApp, music, SMS, weather, map navigation, alarm clock, search, translation, phone settings, and more, to help you perform tasks quickly and easily using voice commands, saving you time and effort.

What’s more, itel 23+ is the first itel smartphone coming with dynamic bar, making it more convenient and seamless than ever to access crucial notifications such as battery status, incoming calls, reminders, and unlock status.

Unmatched Performance Combined with Ample Storage and Big Battery

itel S23+ redefines storage capabilities with in two versions one is up to 16GB of RAM and a substantial 256GB of internal storage while the other is up to 8GB of RAM and a substantial 128GB of internal storage Its innovative Extended RAM technology leverages an additional 8GB from ROM, enabling smooth transitions between as many as 20 background apps.

This guarantees seamless and efficient multitasking, even during resource-intensive activities. Equipped with an 18W Fast Charge and a powerful 5000mAh battery, itel S23+ ensures a long-lasting standby time and quick power replenishment.

With a full charge achievable in just 2 hours, users can stay connected without interruption.

Enhanced Photography Excellence to Capture Cherished Moments

The camera system features a 32MP AI Selfie lens accompanied by a remarkable 50MP Portrait Camera to capture moments in exquisite detail.

With an F1.6 large aperture, the camera maximizes light intake, resulting in clear and vibrant photos even in low-light

The revolutionary Eye Tracking mode guarantees that no moment goes unnoticed, facilitating the capture of impeccable portraits.

Moreover, the Portrait Lite feature takes your portrait photography to new heights, by offering a suite of personalized
options to meticulously enhance every aspect of your photo, from skin tone to facial features and face shape.

itel’s commitment to customer satisfaction is evident in itel S23+’s offerings.

The device comes with an impressive 36-month warranty and 6-month free screen replacement in Africa, underscoring itel’s confidence in the product’s durability and branding services.

The launch of the itel S23+ exemplifies itel’s unwavering dedication to R&D, as well as its commitment to meeting the evolving needs of consumers in emerging markets.

As itel’s first premium curved screen smartphone, S23+ marks an exciting milestone in the pursuit of pushing technological boundaries, enhancing user satisfaction and bringing innovation to a wider range of users.

RRP is Ksh 22,400.

0 comment
1 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Architectural and Interior design firm Fine Urban Interiors has announced that it will be giving away free cash prizes to viewers of real estate projects on the firm’s YouTube channel.

By watching a video of one of the firm’s latest real estate projects on its YouTube channel and following a set of instructions, the lucky winner could stand a chance to secure Kes 200, 000.

After watching the video on the YouTube channel, viewers will be required to take a clear screenshot of their favorite moment or scene.

They will then be required to share the screenshot on their Instagram feed or story, and tag five friends who they think will be interested in the content.

They can then encourage them to subscribe to the firm’s YouTube channel and follow their Instagram page. Each tagged friend must subscribe to the YouTube channel and follow the official Instagram page.

The winner, who stands a chance to secure Kes 200, 000, will be selected at random from the pool of eligible entries and announced on Instagram page.

Here is a link to the YouTube video

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

The government has declared Monday, November 13, 2023, a special working holiday.

This follows the decision of the Cabinet sitting in Mombasa on Friday November 3, 2023.

Interior Cabinet Secretary Kithure Kindiki through a gazette notice number 15238 dated November 6, 2023, says the public across the Country shall be expected to plant trees as a patriotic contribution to the national efforts to save the Country from the devastating effects of Climate Change.

“Following the decision of the Cabinet sitting in Mombasa on Friday November 3, 2023, Cabinet Secretary for the@InteriorKE @KindikiKithure has declared a special working holiday on Monday, November 13, 2023, during which the public across the Country shall be expected to plant trees as a patriotic contribution to the national efforts to save our Country from the devastating effects of Climate Change,” reads a post by the ministry of interior on X.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

The Directorate of Criminal Investigations (DCI) has disclosed the faces of two Wells Fargo employees who escaped with Kes 94 million belonging to Quickmart Supermarket.

The two employees, Daniel Mungai Mugetha (crew commander) and Anthony Nduiki Waigumo (driver) sneaked the truck out of the Wells Fargo Nairobi offices shortly after the money-box was loaded, leaving behind the police escort car that was waiting to be flagged off on Monday November 6, 2023.

They dumped the company vehicle at Dafarm in South C, Nairobi in the 6am incident.

Oblivious that the truck Reg. No. KBA 517T they were to escort had minutes earlier sneaked away, the armed escort team went to enquire from the management why the loading was taking too long.

By the time, neither the truck nor the crew members could be traced.

A report by the company’s Investigations Manager indicated that the Isuzu Canter was destined to Family bank located at Nairobi’s Kenyatta Avenue.

Police in Lang’ata were mobilized to pursue the daring duo, only to trace the empty truck abandoned in South C.

The suspects are believed to have escaped in another car.

A special operations team has since been deployed to pursue the suspects.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

If his social media posts are anything to go by, then Collins Situma is living the dream life. 

A gym rat who doesn’t shy away from showcasing his well-chiseled body, hanging out in exotic places, and taking expensive drinks. 

Thanks to these posts, he has amassed more than 14,000 followers on his Instagram where he describes himself as a fitness enthusiast and commercial model.

We now know, that is a well-cultivated image, which he uses to lure unsuspecting Kenyans into his thieving ring.

Situma, or Colloh as he likes to be called is a petty thief with pretty looks!

On October 24, 2023, Colloh arrived at his friend’s place in Rongai, a satellite town in Kajiado County, but popular with most working-class Nairobians.

For a long time, they had known each other with the said friend. In fact, at the beginning of this year, Colloh had crashed at this house for several weeks, following a disagreement with his better half (story for another day).

On the fateful day, Colloh came to the house very hungry. He downed five eggs like a starving Shakahola survivor.

Unbeknown to his host, he was there, not just for the food but also something more valuable, a work laptop worth more than Ksh 100,000. 

Having known this guy since 2018, the host didn’t read any malice. He left Colloh in the house and went out to buy dinner. 

That’s when Colloh activated his evil plan, using his knowledge of the place to steal the laptop. 

Unbeknown to this shameless thief, there were CCTV cameras all over the place. He was caught pants down, stealing from his friend, a very shameless act. 

Here are the CCTV footage:

Upon returning to the house, the victim was shocked to find both his laptop and his friend missing.

He tried reaching out to Situma, but his calls and texts went unanswered. 

The thief didn’t even bother to block the victim. He has been active on social media since this incident happened. 

The incident was reported to Rongai Police Station on the same day. 

Colloh has since taken his IG and X (formerly twitter) pages private, a sign that he may have stolen from more than just one person. 
This post is a warning to Colloh Situma (https://www.facebook.com/collins.shtuma) that he may run but he will not hide for long. His evil actions will catch up with him.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
  • The International Day of the Girl (IDG) is marked annually on October 11 as a platform to advocate for girls’ rights while reflecting on the milestones attained in championing their welfare.
  • Kakenya’s Dream has been joining the rest of the world annually in marking the day.
  • The event themed “Invest in Girls’ Rights: Our Leadership, Our Well-being” brought together more than 1200 residents

Kakenya’s dream, an organization based at the heart of Narok County in Kenya on Tuesday October 10, 2023, led the celebration of the International Day of the Girl at Poroko Primary School in Kilgoris.

The International Day of the Girl is a day dedicated to raising awareness and educating people about empowerment and rights of girls in the society.

The event themed “Invest in Girls’ Rights: Our Leadership, Our Well-being” brought together more than 1200 residents to remember the unique challenges and barriers girls face in the community and the urgent need to break down these obstacles for their well-being and self-development.

The International Day of the Girl (IDG) is marked annually on October 11 as a platform to advocate for girls’ rights while reflecting on the milestones attained in championing their welfare.

Kakenya’s Dream has been joining the rest of the world annually in marking the day.

The organization invests in girls through education, health and leadership to create agents of change.

Speaking during the event, Kakenya’s Dream Director of Programs Mr. Daniel Korinko said the organization’s vision is to create a world where African women and girls are valued and respected as leaders and made equal in every way.

He noted that women and girls in Narok County are still struggling with teen pregnancies and female genital mutilation (FGM), the issues that Kakenya Dream has been fighting for decades.

“As wemark this important day, we are alive to the fact that statistics in the 2022 Kenya Demographic and Health Survey (KDHS) show that women and girls in Narok County are still struggling with issues we have been addressing as an organization for more than a decade, among them is teen pregnancies and female genital mutilation (FGM),” said Mr. Korinko, adding that Narok county is ranked as fourth with the leading cases of pregnant women aged 15-19, posting 28% with Samburu County leading with 50%.

Korinko further noted that Narok county has cases of female genital mutilation (FGM) at 51%, urging attendees to remain conscious of the threat that lies ahead as schools closing date draws near.

“As you may be aware, this is the time that our girls are exposed to vulnerabilities. Agents of retrogressive culture, FGM, are on standby waiting to mutilate our girls, and destroy their future. Every time a girl undergoes FGM, they are likely to abandon their pursuit for education and get married as a child,” he said.

He observed that future leaders, doctors, nurses, teachers, and other professionals are lost through such issues.

Korinko also warned that FGM agents have invented tricks to avoid detection, among them being activities disguised as chama meetings, worship sessions or any other, urging residents to remain vigilant.

Kakenya’s Dream is using the year’s celebration to advocate for the rights of girls, especially from remote/marginalized communities.

As the organization marks this year’s event, it will be centering girls in protection and promotion of their rights; whether it is in schools, churches or any other institution, girls should raise their voices and champion for their rights.

They are also calling for support to create spaces and platforms where girls’ voices are heard, for instance governments, donors and well-wishers to provide funding to girls’ movements and networks.

“As Kakenya’s Dream, we have been encouraging child participation through child-led conversations where the minors speak about the issues they face and suggest solutions,” the Director of Programs said.

The organization is also encouraging girls to access essential services, such as sexual and reproductive health, attending school if they pregnant and speaking out against /reporting any form of sexual harassment to relevant authorities.

They have been distributing sanitary pads to several schools in Narok and Kisii counties, with a total of 30,000 pads having been distributed this year alone.

Addressing students and other attendants of the 2023 IDG, Hon. Mary Moranga, Senior Principal Magistrate at the Kilgoris Law Courts said she has handled cases on FGM in the court and those brought are girls who have undergone the cut.

According to Hon Moranga, they are accused of undergoing FGM despite knowledge that it is against the law.

However, she noted that the cutters are never brought to court.

“I have realized the court system is not enough to address the issue, everybody in the community should be involved. If we put the proponents of FGM on probation and turned them into ambassadors, it really works. We have them speak to society and condemn FGM to help in fighting the practice,” she said.

She urged residents to abandon the retrogressive practices and have alternative rites of passage.

She further urged parents to engage children during school holiday to avoid cases of defilement and teenage pregnancies.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Advisers used by Co-operative Bank of Kenya to handle its ill-fated 2009 acquisition of Jamii Bora Bank were prevented from carrying out the full due diligence work that they were originally hired to do, financial analysts says.

A leading financial expert in the country, told media in a statement that, a combined decision by the regulator Central Bank of Kenya (CBK) and political influence from senior members of retired President Uhuru Kenyatta’s government paved way for the purchase of the country’s lowest-rated bank in a ‘disastrous’ purchase.

In a silent warning, leading banking experts and officials note that scrutiny of the deal did not extend to assessing Jamii Bora’s corporate lending portfolio – which later proved the bank’s undoing.

Instead, an assessment of that part of the low-rank bank business was left to the Co-op itself.

Earlier it emerged that former’s corporate loan book had deteriorated to such an extent that it was the main cause of a more that Sh1.5 billion capital black hole discovered at the Co-op Bank after purchase and takeover.

Many in the banking industry note that the exposure might in the long run hit the operations of Kingdom Bank, a company that came from the amalgamation of Cooperative Bank and Jamii Bora.

“One of the issues the mid-tier banks have is scale. We can do a lot on costs – and we’ve done a lot on costs and will continue to be focused on that – but you can’t keep cutting costs, you need to generate more income. This is a mid-tier bank with a Sh-100,000 million balance sheet and a combination if it happened, would not create a challenger with the order- so not that dissimilar to Mayfair Bank.”

More mergers and acquisitions among the smaller Kenyan banks would be a continuation of a process that began seven years ago and which, as evidenced by the takeover by CBA Bank of NIC Bank to create NCBA and the creation of Kingdom Bank after the Coop-Jamii Bora merger.

Co-op Bank itself is no stranger to takeover approaches from financial buyers. However, CBK later clarified that its due diligence mandate was originally meant to encompass the whole of Jamii Bora – but was later restricted. KPMG and other institutions charged with due diligence did not explain why the poor due diligence was overlooked allowing for the creation of a new entity from what was CEO Gideon Muriuki’s original business entity, Kingdom Securities that even employed Nairobi Securities Exchange CEO Edward Odundo.

KPMG was not involved in the deal to buy Jamii Bora bank, a senior official at the company said. The same was confirmed by Coop Bank management.

Co-op Group declined to comment, saying that an ongoing review being conducted by a former civil servant, would be examining such issues. This revelation about the due diligence came as MPs gave a roasting to advisers used by the Co-operative Bank for its Jamii Bora deal.

The KPMG at the same time denied they worked on the transaction.

Shareholders said there had been “an enormous amount of writing on the wall”, warning that a deal of this kind was being struck at an unwise moment, given ongoing turbulence in the financial markets. Paul Muturia and other shareholders accused the bank of pursuing a deal because of their fee structure.

“Your fee structure is hard-wired to get a transaction,” Muturia said in a statement.

A senior Coop bank official admitted “demonstrably we didn’t get it right” but denied that he and his colleagues were motivated to do the wrong thing.

It might be “thoroughly sensible” to make a portion of a fee dependent on the success of a deal, rather than merely on its happening, he conceded, although he said it might be difficult to structure such an arrangement fairly.

He said he was “100 per cent confident” in the integrity of his own advice not being influenced by the promise of a fee.

Coop Bank has been fighting one accusation after another. From steamy sex scandals, the nepotism, to officially tribalising the top echelons and mounting customer complaints, they stand in the eye of any storm that engulfs the banking industry that is dominated by one community in the Kenya kaleidoscope.

As a deal to buy into non-performing Jamii Bora Bank gained pace, analysts were worried about due diligence done by Cooperative Bank which had in the past been hit by cases of fraud perpetrated by bank employees who work in cahoots with external persons to obtain money from the bank.

The bank was on the spot as having weaknesses in its IT systems, which was attributed to sources within the bank.

Co-operative Bank has in the past reported erratic systems of poor quality and that explains for instance the constant system hitches.

“The former bank chairman’s sons are said to have supplied IT systems to the bank. The same family have also been rumoured to be supplying and tendering with the bank,” says a former employee, sacked in 2017.

The downtime attributed to a technical fault left the bank’s ATM Services, Card transactions at Merchants and other Point of Sale outlets dysfunctional rendering transactions by its customers impossible.

The bank, then announced having moved almost 90 percent of its customer transactions to alternative delivery channels including mobile and ATMs, has 580 ATMs and over 11,000 Co-op kwa Jirani agents across the country and the number is set to increase with the opening of new ATM machines and branches in Northern and Eastern Kenya.

Malfunctioning systems have been reported on December 22, 2017 and the worst would be on July 22, 2014 when the systems failed leaving numerous customers stranded with all manner of complaints.

On the Jamii Bora Bank purchase, which is as good as done, financial analysts are wondering why a behemoth like Coop Bank with a big financial muscle can go for a bank that survive by ‘the Grace of God’.

Jamii Bora Bank had in the entire period of its existence remained stagnated, refusing to innovate and introduce any change in the banking industry.

The transaction required regulatory approval from the CBK, Capital Markets Authority and the Competition Authority of Kenya and in the tribal oligarchy and corruption perpetrated by Cooperative Bank management ensured that it was easy for CBK boss to give the nod at first sight of the application.

The Nairobi Securities Exchange-listed Co-op Bank commenced operations in 1965 and had the fourth highest market share (9.63 percent) in the banking industry at the end of last year.

In contrast, Jamii Bora, started in 2010 after the acquisition by City Finance Bank, and had a market share of 0.12 percent, putting it at position 38 out of 39 banks.

The deal will lead to changes in market share as well as expansion of Cooperative Bank branches.

Jamii Bora’s last published financials are for the first quarter of 2018 when it had assets worth Sh12.5 billion.

Its liquidity ratio was in negative 11.1 percent compared with CBK’s minimum of 20 percent as at end of March 2018, leaving it in liquidity deficiency of 31.1 percent.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail

Sometime in December 2021, a woman walked into KCB Changamwe Branch to get a loan. The lady who had been a client of the bank, sought the services of one of the senior loans officers named Hannington Muthoka.

While in the process of applying for the loan, Hannington in scheme of things developed a relationship with the woman and they started being very close. Closer than close. So Hannington started abusing the relationship because he had all the client private data and with the relationship, he would access the client’s account whenever he wishes.

He started, not only taking money from the lady’s account without her permission, but also borrowing more using her credentials. In fact, Hannington managed to borrow money and bought a car using the lady’s credentials. The car is one among the Uber vehicles he operates in Mombasa.

The lady started getting into the financial red as the man even depleted more than Ksh 600,000 from her account. The lady complained and asked friends to advice the man to refund her money but the man refused and decided to plot an elimination.

So the man planned how to eliminate the woman as he realised that he was going to lose his job at KCB. So he bought a knife and planned a murder while pretending that he wanted mediation between them. So when the woman insisted on getting her money back, he decided to stab her several times hoping to choke life out of her. But members of the public who witnessed the commotion teamed up and gave chase making him leave the knife at the back of the lady.

After the attempted murder, the woman was rushed to Aga Khan hospital where she is in the ICU. The case which happened within the jurisdiction of Port Reitz Police Station and was reported there, was mysterious called by OCS Changamwe who is a bossom friend and partner-in-crime of Hannington Muthoka. Hannington was booked at Changamwe but didn’t look as suspect but a man who could do anything within the station.

The man was mysteriously released this morning by OCS Changamwe on police bond. It has also been revealed that the man was charged with general assault and not attempted murder.

While the woman fights for her life, the man is free and both the OCS CHangamwe and KCB Changamwe Branch Manager are all trying to ensure that justice is denied.

Remember that Hannington Muthoka stopped stabbing the woman repeatedly when the knife broke. He was out to kill the lady. Police say there are NO WITNESSES. There are many witnesses.

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail
  • The iTel S23 4G, recently launched in Kenya, offers a range of impressive features at
    an affordable price.
  • With 4G connectivity, a color-changing back, and a glass front, it combines style and functionality. In this blog post, we’ll provide iTel S23 price in Kenya and take a closer look at what it has to offer.

itel, the global leading smart life brand committed to providing affordable and good quality consumer electronic products with an excellent user experience, has officially launched its first-ever color-changing smartphone S23, which combines premium design with reliable features, offering users with large memory capacity and a smooth user experience.

To introduce this new product, itel organized an offline launch event, allowing customers to have a firsthand experience of S23.

itel’s first-ever color-changing backboard design

itel is confident in delivering a highly fashionable smartphone with a color-changing rear panel.

itel S23 white edition features a photochromic layer on the rear, which automatically changes colors from mystery white to dreamy pink when exposed under sunlight or UV rays.

Its exquisite design, coupled with the vibrant 3D composite panel, helps users to show their unique sense of style.

A combination of overall high-efficient experience

itel S23 comes with a 6.6” HD+ waterdrop display, achieving a 91% screen-to-body ratio.

Its 90Hz high refresh rate brings an excellent viewing experience, while the 120Hz responsive touch rate ensures seamless scrolling and gaming.

S23 is powered by 128+8GB large memory, providing ample space for daily applications and more than 30,000 photos.

Additionally, the 8+8GB memory fusion can effectively integrate ROM space with RAM running space, providing ultra-high performance with less latency.

Also it is equipped with a 5000mAh battery, accompanied by 10W Type-C charging, enabling up to 15 hours of social media usage and 112 hours of music playback.

Here are three reasons why you should buy the Itel S23:

  • Powerful Processor: The S23 is powered by the Unisoc Tiger T606 processor, which is one of the most powerful processors on the market today. This means that you can enjoy smooth and lag-free performance, even when you’re multitasking or playing demanding games.
  • Stunning Display: The S23 has a large 6.6-inch HD+ display with a 90Hz refresh rate. This means that you’ll enjoy crystal-clear visuals and smooth scrolling, no matter what you’re doing.
  • Long-Lasting Battery: The S23 has a massive 5000mAh battery that will easily last you a full day on a single charge. This means that you can stay connected all day long without having to worry about your phone running out of power.

In addition to these three great features, the Itel S23 also has a number of other amazing features, including:

  • A triple rear camera system with a 50MP main sensor.
  • A 16MP front-facing camera.
  • 8GB of RAM.
  • 128GB of internal storage.
  • A fingerprint sensor.
  • A face unlock feature.
  • Android 12 operating system.

The Itel S23 is the perfect phone for anyone who wants a powerful, stylish, and affordable smartphone. Order yours today!

Morocco offline event offers firsthand experience for clients

In celebration of S23’s arrival, itel’s Morocco team hosted a local press conference, inviting nearly a hundred guests, including important figures from ITI&IWACO, KRS store owners in Casablanca, and key media personnel.

The event showcased the S23 new product launch, highlighted the technology behind color-changing panel, and featured an exciting lucky draw. The guests showed great interests in the new itel S23, impressed by the device’s color-changing function and large memory.

They expected S23 to become the most cost-effective smartphone with color-changing capabilities and
large memory in the market.

By combining stylish design with noteworthy features such as expanded storage, battery efficiency, and smooth operation, S23 is set to captivate the market with an affordable price!

0 comment
0 FacebookTwitterPinterestLinkedinTumblrWhatsappTelegramEmail