Kenya: Bank CEOs Criminal Case Stalls After High Court Orders Halt Proceedings

Kenya: Bank CEOs Criminal Case Stalls After High Court Orders Halt Proceedings

Nairobi -- Proceedings in a criminal case involving several accused persons, including senior bank executives, were halted after the court was informed that some of the accused had obtained High Court orders staying the trial and restraining their arrest.

High Court sets August 17 to hear application by ex NAFCO CEO and wife for it to halt proceedings pending appeal

Hanan Aludiba and his wife Faiza Wuni have been charged with multiple offences including stealing, causing financial loss to the state and money laundering.

Kenya tightens ACD enforcement from September

Carriers will be required to validate Advance Cargo Declaration (ACD) reference numbers before loading Kenya-bound containers from September 1, wit…

Gideon Muriuki faces a bid to suspend him from Co-op Bank

Gideon Muriuki won a court order on Friday keeping prosecutors away from him. Days later. a petitioner asked the same court to take his bank away from him.Four days after Kenya's High Court barred prosecutors from arresting or charging him, an activist has gone back to the same court asking it to stop Muriuki exercising the powers, duties and functions of Co-operative Bank chief executive while a constitutional petition challenging his continued…

Court ‘suspends’ Kenya Railways MD Mainga from office

This follows a legal dispute after a petitioner claimed that his second three-year term expired five months ago.

Kenya’s Banking Stocks Are Getting Their Own ETF

The WSA Banking Index ETF has won approval from Kenya’s Capital Markets Authority (CMA), giving investors a new way to take exposure to the country’s listed banking sector through a single security on the Nairobi Securities Exchange (NSE). The fund, issued by Wall Street Africa and managed by Tradiam Asset Managers, is expected to list … The post Kenya’s banking stocks get an ETF as CMA approves the WSA fund appeared first on TechTrendsKE.