From betting to alcohol and unga: The overview of your new taxes

By Kepha Muiruri,

President Uhuru Kenyatta signed into law the Finance Act, 2019 on Thursday instantaneously bringing on board a whole new raft of taxes to the door ste...

Banks free to set higher interest rates as Uhuru approves Finance Bill

By Kepha Muiruri,

President Uhuru Kenyatta has signed into the law the Finance Bill 2019 giving nod to among other provisions, the free setting of interest rates by com...

Finance Bill 2019 , interest rate caps , KBA

Banks promise not to take advantage of interest cap removal

By Kepha Muiruri,

Banks have vowed not to go back to the exorbitant interest rates they were charging before the introduction of the rate caps which was removed on Tues...

CBK , interest rate caps , KBA

Kayumba wants Leopards to rise to derby challenge

By Godfrey Ashiali,

AFC Leopards captain Soter Kayumba has warned arch-rivals Gor Mahia to expect a titanic battle when the two teams lock horns in the Mashemeji derby th...

AFC Leopards , GOR MAHIA , Mashemeji Derby , MISC Kasarani , Soter Kayumba

MPs leave Kenyans at the mercy of banks as rate caps fall

By Kepha Muiruri,

Members of Parliament (MPs) have left Kenyans at the mercy of banks on the rate charged on new loans as the interest rate caps fall. In a chaotic v...

KCB’s Munala gutted by loss of blocker Chebet

By Stanley Mativo,

KCB head coach Japheth Munala has bemoaned the absence of Loreen Chebet noting it will be a major blow for the team as he embarks on ending a Kenya Vo...

Japheth , Japheth Munala , KCB head coach , Kenya Volleyball Federation , Loreen Chebet

Safaricom’s NSE dominance extends to derivatives market

By Kepha Muiruri,

Safaricom has seen its dominance of the Nairobi Securities Exchange (NSE) extend to the recently launched derivatives market to mirror the firm’s ov...

CMA , NEXT derivatives , nse , Safaricom

INEOS boss Ratcliffe banking on youth at Nice

By Reuters,

Nice owner Jim Ratcliffe is looking to put the French side on the European map but he is not willing to overspend, instead banking on the club becomin...

INEOS159 , Jim Ratcliffe , Nice

Uhuru sides with banks, calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...

CBK , interest rate caps , KBA , Uhuru kenyatta

KRA owes banks Ksh.13B in irrecoverable taxes – report

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) owes commercial banks an estimated Ksh.13.3 billion in irrecoverable taxes mirroring on the sector’s disproportion...

KBA , KRA

HF Group keen on diversifying investments away from real estate

By Kepha Muiruri,

Mortgage financier Housing Finance (HF) has expressed its keenness to move away from the real estate comfort zone highlighting the significant shift i...

Housing Finance , nse , Real Estate

Bank mergers out do acquisitions in profitability

By Kepha Muiruri,

The consolidation of banks through mergers has emerged as a more profitable venture in comparison to acquisitions, fresh data from the Central Bank of...

Central Bank of Kenya (CBK) , mergers and acquisitions

KCB to keep National Bank of Kenya running as a separate brand

By Kepha Muiruri,

The KCB Group is expected to keep the National Bank of Kenya (NBK) brand running on the side as a distinct brand over the long-term. The lender who...

Joshua Oigara , KCB , NBK

Equity rolls out new look for Kenyan market

By Girlie Kendi,

Equity has announced a new look.  The financial services company will now be known as Equity Group Holdings Limited. As a unified brand, its produ...

Equity

26-year-old man arrested for stealing over Ksh.400K from Equity Bank accounts

By Benjamin Muriuki,

Police have arrested a man accused of stealing over Ksh.400,000 from various Equity bank accounts. According to the Directorate of Criminal Investi...

DCI , equity bank

Three arrested for stealing Ksh.970K from woman’s Equity Bank account

By Citizen Reporter,

Police on Tuesday arrested three suspects accused of siphoning over Ksh.970,000 from a 67-year-old woman's bank account. The three; Anthony Babu Ka...

Lenders to cover Ksh.500K after Chase Bank, Imperial, Dubai saga

By Kepha Muiruri,

Commercial banks will begin covering deposits for an estimated 98 percent of customers as from July next year. This follows amendments of provision...

chase bank , Dubai Bank , imperial bank

Kenyans break ‘last minute’ stereotype as deadline for old Ksh.1K notes closes

By Kepha Muiruri,

Commercial Banks registered average to routine operations on Monday as the window to change over to the new currency Ksh.1000 notes came to a close. ...

CBK , demonetization , new notes

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

Kishoiyan vows to step up to Doha challenge

By Gilbert Kiprotich,

National 400m champion Alphas Kishoiyan has promised to put on a good show in the World Championships that gets underway on Friday in Doha, Qatar. ...

Alphas Kishoiyan , IAAF World Championships