@Standard

Investors feel the pain of new war on impunity - 6 months ago, 18 Aug 00:28

Vincent Achuka

For a country yearning for real change, the ongoing war against impunity and corruption comes at a huge cost that few would have expected.

Like a doctor prescribing a cocktail of drugs that shocks your system as it triggers your body to fight an infection, the battle is affecting not just the hitherto untouchable elite but hundreds of Kenyans caught in between fighting to stay afloat.

It is impossible to know where the war ignited by the leaking of a second NYS scandal in May will head next.

In just three months, however, the war against graft has targeted at least five parastatals before turning on buildings constructed on illegal sites.

In Nairobi, small scale businesses like vegetable vending, roadside kiosks and second hand clothes shops are giving way as the Regeneration Committee demolishes illegal structures.

Mutindwa market famous for second hand clothes is now a memory, the decades old garages at Globe ...
Read More


Category: business news

Suggested

8 hours ago, 12:50
Continental airlines body roots for open skies

The African airspace is poised for greater heights if liberalisation of skies for carriers is realised, according to a continental airlines body. African Airlines Association (Afraa) Secretary General ...

Category: business topnews news
10 hours ago, 11:38
Sistema.bio founder Alex Eaton visits regional offices in Kenya

Sistema.bio founder and Chief Executive Officer (CEO) Mr. Alex Eaton is in Kenya with a view of visiting field offices, launching Sistema water boilers and meeting farmers. The Sistema.bio CEO is on a ...

Category: business topnews news
10 hours ago, 10:44
CDC Group Opens Nairobi Office

In 2018, the UK government declared its commitment to increase trade ties with African countries, particularly Kenya. That commitment has been reaffirmed after the government’s development finance ...

Category: business kenyan news
18 hours ago, 03:00
Cane farmers protest want Sh2.7 billion listed beneficiaries published

Cane farmers want all state owned sugar factories to publish names of all farmers listed for payment of Sh2.7 billion arrears owed to them. This is one of the resolutions reached yesterday by the ...

Category: business topnews news
18 hours ago, 03:00
Agency seeks legal changes to hasten disposal of State firms

Lengthy processes delaying Government exit with the risk of low returns. A review of the legal framework on privatisation of State firms is expected to clear some of the major hurdles that have held ...

Category: topnews news business
18 hours ago, 03:00
Mombasa tea trade to get digital facelift

Plan: Processes will be automated to increase efficiency More than half of the world’s commodity passes through the auction. The East African Tea Trade Association (Eatta) has received Sh150.2 million ...

Category: topnews news business