Eye on five banks in NYS 2 scam as special prosecutors take up case

By Winnie Musyoki,

The case involving five banks in the National Youth Service (NYS) 2 scandal will be now be reviewed by a team of special prosecutors. Standard Char...

Cooperative Bank , DTB , Equity , KCB , NYS 2 , Standard Chartered bank

Royal Media Services, other corporates donate to Beyond Zero Marathon

By Citizen Reporter,

Royal Media Services on Tuesday pledged to provide media sponsorship as part of its contribution towards the upcoming Beyond Zero Marathon 2019. Th...

Beyond Zero Marathon , First Lady Margaret Kenyatta , Margaret Kenyatta , Royal Media Services

Kenya’s private sector mulls creation of corruption referencing bureau

By Kepha Muiruri,

Players drawn from Kenya’s private sector are pondering the creation of a corruption referencing bureau in the course of the next five years, in an ...

Central Bank of Kenya , Habil Olaka , Kenya Bankers Association , KEPSA , Whistle-blower Bill

Co-op Bank bags Ksh. 890M gov’t leasing deal

By Kepha Muiruri,

The Co-operative Bank of Kenya on Wednesday sealed its first leasing deal by bagging a lucrative Ksh.890 million fleet leasing deal with the State. ...

Co-operative Bank of Kenya , Gideon Muriuki , Isuzu East Africa Limited , Super Group

First Lady Margaret Kenyatta wins prestigious Eastern Africa award

By PSCU,

First Lady Margaret Kenyatta has been awarded the prestigious Eastern Africa Lifetime Achievement Award for her relentless efforts to stop preventable...

beyond zero , Margaret Kenyatta

Uhuru celebrates Kenya’s new ranking in World Bank investor attractiveness report

By PSCU,

President Uhuru Kenyatta on Thursday hosted stakeholders at State House to celebrate Kenya’s remarkable performance in the recently released World...

Doing Business 2019 , DP William Ruto , Ease of doing business index , President Uhuru Kenyatta , World Bank , World Bank report

Two security guards grilled over attempted bank robbery in Ruiru

By Ann Ngige Nyamu,

Police in Ruiru on Monday grilled two people over attempted an robbery at Co-operative Bank in Githurai area, Kiambu County on Sunday night. The tw...

Bank robbery , Cooperative Bank of Kenya

Five Kenyan banks fined Ksh.390M for handling NYS loot

By Benjamin Muriuki,

The Central Bank of Kenya has slapped hefty fines on five top banks that are alleged to have been involved in the transactions of the second phase of ...

Central Bank of Kenya , NYS scandal

Co-op to invest in KMRC as half year profit hits Ksh7.1bn

By Citizen,

The Co-operative Bank of Kenya has become the first financial institution to declare its interest in injecting capital in the government’s planned m...

banking , Co-op , Cooperative Bank , Gideon Muriuki , government securities , Kenya Mortgage Refinance Company , KMRC , non-performing loans , Treasury

Co-op Bank posts Sh3.4bn first quarter profit

By Citizen,

The Co-operative Bank group has announced a rise in net profit to Sh3.4 billion for the three months ended March from Sh3.2 billion a year earlier. ...

Co-operative Bank , Deposits , equity bank , first quarter , Gideon Muriuki , government securities , IFRS 9 , loans and advances , Stanbic Bank

Co-op Bank posts Sh11.4bn profit

By Citizen,

Co-operative Bank has posted a 10 percent drop in its full year profit to Sh11.4 billion down from Sh12.7 billion a year earlier. The drop was occa...

bank , Co-operative Bank , financials , interest rate cap , loan book , non-performing loans , profit

Epoloto savours crowning moment as GSU, Pipeline seal titles

By John Mbati,

General Service Unit (GSU) head coach Moses Epoloto paid tribute to his men as they wore down Co-operative Bank of Kenya 3-0 (25-17, 25-18, 25-23) in...

GSU , Kenya Pipeline , Kenya Volleyball Federation (KVF) , Moses Epoloto , Volleyball

Five in court for defrauding Nairobi County over Ksh.2 million

By Dzuya Walter,

Five men, among them four Nairobi County accountants, were on Friday arraigned before the Milimani law court and charged with conspiracy to defraud Na...

13 NAIROBI MCA’s , 4 Westgate Mall Suspects Arraigned In Court , Five arraigned , Nairobi County Government

Eleven banks to own 38.1pc stake in Kenya Airways

By Citizen,

Eleven local banks are set to be the second largest shareholders of national carrier Kenya Airways after forming a special purpose vehicle to acquire ...

Aviation , banks , debt , debt restructuring , Kenya Airways , KQ Lenders Company , loans , Mbuvi Ngunze , Minerva Fiduciary Services , Sebastian Mikosz , special purpose vehicle

Co-Operative Bank third quarter profit drops to Sh9.5bn

By Citizen,

The Co-Operative Bank has announced a net profit of Sh9.5 billion for the third quarter period ended September 30. This was 9.5 percent lower than ...

banking , Central Bank of Kenya , Co-operative Bank , financial technology , Fintech , Gideon Muriuki , interest rate cap , third quarter results

Co-operative Bank ventures into leasing business as 6month profit dips to Sh6.6bn

By Citizen,

The Co-operative Bank has announced plans to venture into the leasing business as part of efforts to diversify its revenue. The bank will partner w...

asset financing , banking , Co-operative Bank , Gideon Muriuki , Interest Income , interim dividend , leasing , Super Group

Disaster recovery loans help Kenyans beat weather shocks

By Reuters,

After heavy rains flooded John Macharia's tailoring shop in 2015, damaging his stock, the 75-year-old considered quitting his business of 14 years. ...

banks , capital , Department for International Development , El Niño Recovery Lending Programme , farming , interest rate cap , lending , loans , VisionFund Kenya , world vision

Robbers steal Ksh26 million from Co-op Bank

By Beth Kamau,

  Police on Monday, March 20, summoned four employees of Co-operative Bank, Isiolo branch, for questioning over the theft of Ksh26 million fro...

cooperative , isolo

Banks cut out ‘middleman’ with PesaLink launch

By Mumbi Warui,

12 banks have been cleared by the central bank of Kenya to run and operate industry based mobile money transfer platform. PesaLink, a brainchild of...

banks , cashlite , Fintech , Habil Olaka , Integrated Payment Services Limited , IPSL , KBA , Kenya Bankers Association , M-pesa , merchants , micropayments , mobile money transfer , payment solutions , PesaLink , Safaricom , subsidiary , Transactions

Lobby group in bid to empower Siaya women

By George Amolo,

The Maendeleo Ya Wanawake lobby group has embarked on a programme of establishing Savings and Credit Co-operative Societies (Saccos) for women in Siay...