Newsroom desk
COFEK Watch
COFEK Watch, page 2
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It’s a Record Reverse Call on Waiyaki Way: High Court Nullifies Sh204.3B Safaricom Stake Sale to Vodacom
Unwinding a completed, cross-border share transfer is not simple. It raises complex questions of corporate law. Securities regulation is also implicated. International investment protection issues arise too. The ruling does not resolve these on its face. An appeal is widely expected. The matter could plausibly return to the Court of Appeal or the Supreme Court.
How Central Bank of Kenya is Slowly But Surely Blacking Out Shell Banking Institutions
Kenya remains on the FATF "grey list" since February 2024 over anti-money-laundering deficiencies; shell banks and opaque foreign representative offices have been flagged as conduits for illicit flows.
Defective Tyre, Deflected Blame: Consumer Turns to COFEK After XpressFit Burst Fails Within 12 Hours
Before you visit AutoFit, read this and exercise extreme discretion because your life, money and car matters!
Why the Growth of ArtCaffe and Java Raises Questions: Are Kenyans jostling for restaurants, or spending more time in them?
Kenyans are filling up tables at both Java and ArtCaffe restaurants in Nairobi and other urban areas. Are they replacing the need for freelancers to rent offices? Or what is simply attractive here?
Carrefour's Kenyan Windfall: What Nakumatt's Collapse Built, Consumers Must Now Watch
COFEK reads the numbers differently. Carrefour's expansion has not happened in a competitive vacuum — it has happened in the wreckage of Nakumatt Holdings, Uchumi Supermarkets, Tuskys and Mulleys Supermarkets, four homegrown chains that collapsed under debt, mismanagement and, in some cases, outright plunder of supplier and shareholder funds.
The $419 Million Question: Who Is GKSD, and What Did Kenya Just Sign Up For?
a private joint venture between two entities: GK Investment Holding, founded and chaired by Tunisian-Italian businessman Kamel Ghribi, and Gruppo San Donato (GSD), Italy's largest private hospital operator. GK Investment Holding's origins have nothing to do with healthcare — it began as a commodity-trading and consultancy outfit dealing in oil, cotton, phosphates and coffee, before pivoting into healthcare infrastructure.
Why “Alliance in Motion Kenya Limited”’claim to turn Kenyans into “extraordinary millionaires” is flagged as a fraudulent dealer
The mere fact that they are asking for money endlessly from the unsuspecting investors under the guise of making them millionaires is overtly ironical and deceitful. COFEK asks Kenyans to deal with the little-known organization, said to originate from the Philippines, with extreme discretion
Questions emerge as belated changes in Rironi — Nakuru — Mau Summit dual road force emergence acquisition of more land
Two Chinese contractors handling the project — China Road and Bridge Corporation/NSSF (Nairobi–Gilgil–Naivasha–Mau Summit) and Shandong Hi-Speed (Gilgil–Nakuru–Mau Summit)
Why a Group is Opposed to the Sh500 Billion Nuclear Plant in Siaya
The agency has shortlisted eight sites in Siaya County — Ugambe, Sirongo, Liunda, Manywanda, Osindo, Nyangoye, Dagamoyo and Kanyawayaga — all along the Lake Victoria shoreline, from which a “Proposed Site” and an “Alternate Site” are to be selected after further screening.
Uber’s Global Job Cuts Should Worry Kenyan Riders and Drivers Too
The ride-hailing giant, which employs roughly 34,000 people across more than 70 countries, says the restructuring is meant to sharpen decision-making and speed up growth investment
High Court nullifies Attorney General’s opinion on which Communications Authority relied upon to pay its former Chairperson Mary Wambui Mungai
The questionable Attorney General’s opinion was signed by Solicitor General Shadrack Mose. Justice Lawrence Mugambi declared it null and void as to its unconstitutionality.
What High Court ruling on Uber, Bolt and other ride-hailing taxi mean for Kenya’s consumers
Data retention/surveillance rules also blocked — NTSA can no longer force platforms to retain detailed passenger/driver data for 3 years and hand it over on demand; the court found this violated the right to privacy (Article 31) and the Data Protection Act, 2019, amounting to unconstitutional continuous surveillance