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Five banks fined Ksh.385 million over NYS scandal
By Kepha Muiruri,
2128, March 5, 2020 (EAT)
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...
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NSE bets on incubator graduates to sprout new listings
By Kepha Muiruri,
1919, February 19, 2020 (EAT)
The Nairobi Securities Exchange (NSE) has tipped its incubator program to build the exchange’s first listings ending a three-year barren run. NSE...
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Top 10 Kenyan companies whose high performance links to gender equality
By Rachel Ombaka,
1312, November 13, 2019 (EAT)
Ten top Kenyan companies have been ranked among global firms that achieved higher returns due to their focus on gender equality, according to a study ...
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Bank mergers out do acquisitions in profitability
By Kepha Muiruri,
1854, October 8, 2019 (EAT)
The consolidation of banks through mergers has emerged as a more profitable venture in comparison to acquisitions, fresh data from the Central Bank of...
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Woman in court for alleged robbery of Ksh.1M cash
By Sophie Njagi,
2155, June 25, 2019 (EAT)
A woman was on Tuesday arraigned in a Nairobi court for allegedly robbing another woman of items and cash worth a combined Ksh.1,140,000. Emma Njer...
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5 banks roll out cheap SME loans at 9% rate
By Kepha Muiruri,
2055, May 20, 2019 (EAT)
Proprietors of small enterprises across the country can heave a sign of relief as five tier one lenders move to pilot lending on a Central Bank Rate, ...
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DTB’s full year profit grows to Ksh. 6.7 billion
By Kepha Muiruri,
2006, March 20, 2019 (EAT)
Diamond Trust Bank (DTB) has announced a 4 percent growth in profits after taxation for the period ending December 31, 2018 from the Ksh.6.4 billion r...
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Diamond Trust Bank aiding terrorism – DPP Haji
By Benjamin Muriuki,
1645, February 25, 2019 (EAT)
The Director of Public Prosecutions (DPP) Noordin Haji says investigations are underway on Diamond Trust Bank (DTB) over suspicious transactions that ...
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Kenyans fault Huduma Namba plan over Mastercard links
By Allan Irungu,
1459, February 20, 2019 (EAT)
A section of Kenyan lawyers are questioning the Government's motive behind the newly launched Huduma Namba exercise. According to them, data on Ken...
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DTB boss linked to 14 Riverside terrorist attack pleads not guilty
By Agnes Oloo,
1514, February 20, 2019 (EAT)
Diamond Trust Bank (DTB) Eastleigh branch manager Sophia Njoki Mbogo has been charged at Nairobi Milimani Law Courts with three counts relating to aid...
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Eye on five banks in NYS 2 scam as special prosecutors take up case
By Winnie Musyoki,
1300, February 7, 2019 (EAT)
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...
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Arrest warrant out for 2 Chinese nationals over alleged theft of Ksh.70M
By Agnes Oloo,
1723, January 28, 2019 (EAT)
Kenyan police officers are on the hunt for two Chinese nationals said to be on the run after allegedly stealing Ksh.70 million of their employer. P...
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Tuskys deploys cash deposit machines to curb fraud
By Kepha Muiruri,
1740, June 22, 2018 (EAT)
Regional retailer Tuskys has moved to curb fraud across its branches by deploying cash deposit machines across its branches. The strategy, in partn...
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Aga Khan in Nairobi for Diamond Jubilee
By Abednego Tendu,
1649, April 13, 2018 (EAT)
His Highness the Aga Khan has arrived in Kenya at the invitation of the State. The spiritual leader of the Shia Ismaili Muslims was received by For...
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Trade PS reaches out to banks to restructure Nakumatt debt
By Mumbi Warui,
1900, July 25, 2017 (EAT)
The government has once again met a group of lenders owed Sh8.5 billion by beleaguered retail chain Nakumatt in a bid to persuade them to go easy on i...
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Bank consolidation gathers steam as DTB sets out to acquire Habib
By Citizen,
1930, March 21, 2017 (EAT)
The banking sector continues to undergo realignment with mergers becoming a common theme. Diamond Trust Bank (DTB) has become the latest lender to ...
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High Court paves way for Imperial Bank depositors’ payout
By Sophie Kinoti,
1104, January 10, 2017 (EAT)
Imperial Bank owners have been dealt a major blow after the High Court paved way for the payment of depositors. The clarification was made after th...
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Imperial Bank customers to get 10pc of their deposits
By Citizen,
1729, December 28, 2016 (EAT)
The Kenya Deposit Insurance Corporation (KDIC) has begun processing payments for Imperial Bank depositors who still have money held up in the bank. ...
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CBK tasks Imperial Bank shareholders to present bankable plan to avoid assets sale
By Citizen,
1829, November 8, 2016 (EAT)
The Central Bank of Kenya has challenged Imperial Bank shareholders to present a credible recovery plan to aid in the reopening of the bank before Apr...
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KDIC mulls increased cover for customer deposits
By Noah Kuto,
1756, October 6, 2016 (EAT)
The Kenya Deposit Insurance Corporation (KDIC) is in talks with commercial to increase the insurance premium on deposits. This comes as the deposit...
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