Why internet banking is becoming more popular

By Sponsored,

A new study has revealed that the current COVID-19 pandemic is pushing consumers to digitally interact with their banks, with banking institutions foc...

Co-op bank , Co-op Internet Banking , internet banking

The money trail: How jailed Sirisia MP John Waluke distributed Ksh.297M in two days

By Benjamin Muriuki,

The sentencing of Sirisia Member of Parliament (MP) John Koyi Waluke to 10 years in prison or pay a fine of close to Ksh.1 billion for defrauding a St...

John Waluke , NCPB

CBK seeks to switch T-bill investors to bonds in Covid-19 led pressure

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has sought to switch Treasury bill (T-bill) investors to bonds with a view to provide relief to exchequer upcoming red...

Central Bank of Kenya (CBK) , Kenya domestic debt

Coronavirus pandemic deepens Kenya’s debt wound

By Kepha Muiruri,

The Covid-19 pandemic has added salt to Kenya’s long existing debt wound pushing the country closer to the edge of the cliff. This is as the glob...

coronavirus , debt , Ukur Yatani

Co-operative Bank full year profit rises to Ksh.14.3 billion

By Kepha Muiruri,

The Co-operative Bank has posted a 12.6 per cent growth in profit after tax to Ksh.14.3 billion for the year ending on December 31, 2019 on the back o...

Co-operative Bank , profit

Five banks fined Ksh.385 million over NYS scandal

By Kepha Muiruri,

Five local banks will pay a total of Ksh.385 million as penalties for their respective violation of the various provisions of anti-money laundering la...

AML/CFT , NYS II , ODPP

Uchumi creditors vote to save retailer from sudden death

By Kepha Muiruri,

Uchumi creditors have voted to spare the lender from imminent dissolution by backing the firm’s proposed company voluntary agreement (CVA). The p...

liquidation , uchumi

Uchumi’s agony as High Court sets repeat creditors vote.

By Kepha Muiruri,

Uchumi’s recovery plan is back to square one with the High Court giving directions on the holding of a second vote on the company’s voluntary agre...

Mohamed Mohamed , uchumi

NSE bets on incubator graduates to sprout new listings

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has tipped its incubator program to build the exchange’s first listings ending a three-year barren run. NSE...

Geoffrey Odundo , Nairobi Securities Exchange (NSE)

Banks share prices set for correction

By Kepha Muiruri,

Listed commercial banks share prices are set to re-adjust downwards in the near term as the market absorbs shocks emanating from observed investor ove...

banks , Nairobi Securities Exchange (NSE)

Bank stocks set to drive NSE Bull Run

By Kepha Muiruri,

The large capped banking sector stocks are set to drive the recovery in stock valuations at the Nairobi Securities Exchange (NSE) with analysts holdin...

Kenyan banks , Nairobi Securities Exchange (NSE) , NASI

Cabinet approves policies to empower the youth

By PSCU,

Cabinet on Thursday approved a number of policies focused on boosting the country’s economy including the Kenya Youth Development Policy (KYDP) 2019...

Cabinet , DP William Ruto , President Uhuru Kenyatta , youth

Audit queries raise red flag over 19 ‘secret’ bank accounts linked to Embu County Gov’t

By Anthony Ndwiga,

A report has revealed how the Embu County Government operated 19 allegedly secret bank accounts, which are suspected to have been used to pilfer milli...

Embu county government

Co-op Bank grows nine-month profit to Ksh.10.9 billion

By Kepha Muiruri,

The Cooperative Bank Group has booked a Ksh.10.9 billion third quarter profit representing a 5.8 percent jump in earnings by the lender to the close o...

Cooperative Bank , Gideon Muriuki , MCo-op Cash

KCB, Co-op Bank write off Ksh.656 million Uchumi debt

By Kepha Muiruri,

KCB and Cooperative bank have agreed in principle to write off a combined Ksh.655.5 million in outstanding credit to the debt-strapped Uchumi Supermar...

Cooperative Bank of Kenya , CVA , KCB , uchumi

DCI: How Malindi MP Aisha Jumwa used son, daughter company to embezzle Ksh.58M public funds

By Hassan Mugambi,

Malindi MP Aisha Jumwa was on Thursday questioned by the Directorate of Criminal Investigations (DCI) over allegedly embezzling Ksh.57,711,690 of publ...

Jumwa

Stakeholders launch Ksh.95B project to boost Africa’s coffee industry

By Agencies,

The Inter African Coffee Organisation (IACO) has joined forces with the Centre for Agriculture and Biosciences International (CABI) and the Internatio...

Ongoro, husband face arrest over Ksh.48M for Kasarani school that ‘does not exist’

By Citizen Reporter,

Former Kasarani MP Elizabeth Ongoro and her husband Ferdinand Masha Kenga have been summoned over Ksh. 48 million that was meant for construction of K...

kasarani CDF , Ongoro

Faulu Microfinance to open eight new branches

By Kepha Muiruri,

Faulu Microfinance is set to open eight new branches around the country at an estimated cost of Ksh.113 million. Additionally the tier-one ranked m...

Faulu Microfinance Bank Limited

Uchumi granted 30 days to engage banks over Ksh.2.8 billion debt

By Kepha Muiruri,

The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced ...

high court , Mohamed Mohamed , uchumi