Two of the "Big Four" accounting firms, Ernst & Young (EY) Kenya and PwC's arms in Kenya, Rwanda, and Mauritius, have confessed to fraudulent and corrupt practices, leading to World Bank bans.

• EY Kenya was banned for 30 months and PwC for 21 months by the World Bank.
• The firms admitted to fraudulent and collusive practices to secure World Bank-funded projects in Somalia (EY) and Ethiopia (PwC).
• The confessions and subsequent bans are expected to trigger internal disciplinary actions and potential exits from the implicated firms' operations in the affected countries.

Mhasibu DT SACCO is seeking over Sh480.6 million from Kenya Union of Savings and Credit Co-operatives (KUSCCO) for a fixed deposit that matured in January 2024 but remains unpaid.

• Sh480,610,834: The amount of unpaid fixed deposit by KUSCCO to Mhasibu DT SACCO.
• Mhasibu DT SACCO and KUSCCO: The key organizations involved in the dispute.
• Sh34 million: The annual provision for impairment Mhasibu DT SACCO has started due to the ongoing issue and KUSCCO's broader financial irregularities including estimated losses of over Sh13 billion.

The US has issued a temporary license to sell some Iranian oil, a policy reversal aimed at mitigating the impact of the ongoing war on energy markets. This authorization allows for the sale of approximately 140 million barrels of Iranian oil currently at sea.

• The license is valid until April 19.
• Treasury Secretary Scott Bessent announced the authorization.
• Experts suggest the move may have limited impact on prices and could potentially benefit the Iranian regime.

Kenya is seeking Sh16 billion (approximately $125 million) from the World Bank to digitise its land registries and combat rampant land fraud, which has attracted warnings from the US.

• A significant concern is the surge in fake title deeds, which are undermining investments and causing financial losses.
• The initiative involves Principal Secretary Nixon Korir from the Ministry of Land, aiming to automate registries and move records online.
• The plan faces opposition from some lawyers and cartels, and has been impacted by budget cuts, reducing the number of targeted registries for digitisation.