Author: Korir Issa

IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.

Coffee earnings in the month of July jumped 55 per cent to record Ksh 22.4 billion compared to KSh14.4) billion in the same period in 2021. According to Nairobi Coffee Exchange (NCE) this was due to improved volumes at the auction. Clean coffee traded at the auction went up by 42.74 per cent from 21,757 to 31,012 metric tonnes, respectively, during the review period. During the period, the number of clean bags of coffee sold increased from 353,413 bags to 504,455 bags for the period between July 2021 to July 2022, respectively. Premium grades AA, AB, C and PB recorded…

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The Capital Markets Authority (CMA) has fined former board members and senior managers of Chase Bank and its Reporting Accountant Deloitte and Touche over their role in the issuance of a Ksh 10 billion bond in 2015. Former Chase Bank Group Managing Director Duncan Kabui has been fined Kshs. 5 million and disqualified from being a director or key personnel of a company regulated by the Capital Market Authority for 10 years, while Deloitte has been fined Ksh 10 million. “In line with its investor protection mandate, the CMA has taken enforcement action against former board members, senior management of…

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