Jamii Bora becomes Kingdom Bank after Co-op buyout

By Kepha Muiruri,

Jamii Bora Bank (JBB) has been renamed Kingdom Bank following its acquisition by the Co-operative Bank of Kenya. The buyout which became effective ...

Co-operative Bank , Jamii Bora Bank , Kingdom Bank

Co-operative Bank half year earnings fall to Ksh.7.2 billion

By Kepha Muiruri,

The Co-operative Bank of Kenya has announced a four percent decline in profit after tax through the first six months of the year to Ksh.7.2 billion. ...

Co-operative Bank , COVID-19 , IFRS 9

CBK green lights Jamii Bora buyout by Co-op Bank

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has given the nod for the acquisition of Jamii Bora Bank (JBB) by the Cooperative Bank of Kenya. The acquisition is...

CBK , Cooperative Bank of Kenya , Jamii Bora Bank

Co-operative bank given green-light to acquire Jamii Bora

By Kepha Muiruri,

The shareholders of Jamii Bora bank has approved the acquisition of the lender’s majority stake by the Co-operative Bank of Kenya in meeting held We...

Co-operative Bank of Kenya , Jamii Bora Bank , mergers and acquisitions

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

Co-op Bank joins acquisitions train in Jamii Bora interest

By Kepha Muiruri,

The Co-operative Bank of Kenya has expressed interest in acquiring Jamii Bora’s 100 per cent issued share capital in a transaction which is now subj...

CBK , Co-operative Bank of Kenya , jamii bora

Kevin Ochieng Obede: Jobs galore for top unemployed graduate forced to live in Nairobi streets

By Benjamin Muriuki,

The heartbreaking story of Kevin Ochieng Obede, the 24-year-old graduate whose hard work and excellent academic performance seemed to have done little...

Kevin Ochieng Obede

Bloggers to pay Ksh.93K as Magufuli clamps down internet use

By CNN,

The Tanzania Government has introduced a $930 (Tsh2million or Ksh.93,000) fee for those wanting to have an online blog. As part of sweeping new int...

Africa internet usage , John Magufuli , Tanzania bloggers

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

Jamii Bora sells 15pc stake for Sh600m in capital raising drive

By Ephraim Mugo,

Small and medium enterprise lender Jamii Bora has received Sh600 million from US based Equator Capital Partners to shore up its capital reserves. T...

CBK , Central Bank of Kenya , Equator Capital Partners , jamii bora , shareholders , small banks struggling with liquidity , SME , statutory requirements , Tier three bank

House Committee lists banks that received billions from NYS

By Ruth Njuguna,

The Public Accounts Committee (PAC) has released names of banks whose account holders allegedly received billions from the National Youth Service (NYS...

ANNE WAIGURU , Ben Gethi , josephine kabura , National Youth Service , Nicholas Gumbo , NYS , PAC

Gov’t introduces Single Registry to effect data sharing

By Sofia Ali,

The Government, through the Ministry of East African Community, Labor and Social Services, has introduced Single Registry platform to eliminate double...

Suppliers’ debts to dilute Uchumi’s shares

By Citizen,

A new deal to convert 1.8 billion shillings of suppliers' debt is set to dilute Uchumi shareholders hold in the company. This is a measure of last ...

kenya , uchumi

ECB shareholders raise Sh1.2b to boost bank liquidity

By Michael Karanja,

Equatorial Commercial Bank shareholders have injected a further Sh1 billion in the bank to boost liquidity following a rights issue. Mwalimu Sacco,...

Banking Industry , Equatorial Commercial Bank , jamii bora sacco

Uchumi shuts down two branches, renders 180 workers jobless

By Maureen Murimi,

Uchumi supermarket has sent 180 workers on forced leave after closing two branches in Kabalagala and Nateete in the outskirts of Kampala, Uganda. ...

kenya , uchumi , Uchumi CEO Julius Kipng’etich , Uchumi supermarkets , uganda

Uchumi receives loan from KCB

By Wangui Ngechu,

Uchumi Supermarkets Limited has announced that it has finalized a Ksh 500 million term loan arrangement with Kenya Commercial Bank to pay outstanding ...

CEO , chain , debt , jonathan ciano , KCB , loan , suppliers , uchumi supermaket

Murang’a County Woos Investors To Embark On Housing Project

By Citizen,

Speaking to the press in Murang’a, Murang’a Governor Mwangi Wa Iria said the ambitious programme will target university students in Murang...

citizen news , citizennews , citizentv , Eronge Mixed School , Morgan Mueke , muranga , Murang’a County Woos Investors To Embark On Housing Project