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Chase Bank to close 10 branches after SBM acquisition
By Werunga Kevin, 1506, July 23, 2018 (EAT)
Chase Bank (in receivership) is set to close 10 of its branches as it transitions into SBM Kenya following its acquisition by the Mauritian lender. ...

Acquisition , Andrew Bainbridge , banking , branch closure , CBK , Central Bank , chase bank , current , Fidelity Bank , mauritius , savings account , SBM Kenya
Govt rules out Uchumi bailout
By Mumbi Warui, 1739, July 10, 2018 (EAT)
Uchumi Supermarkets is staring at a bleak future with the government ruling out pumping in more money to revive the struggling retailer. Uchumi, wh...

bailout , cash crunch , Chris Kiptoo , debt restructuring , investment , Mohamed Ahmed , nse , retail , ROI , Trade , uchumi
Kisii University students move to court to bar closure
By Allan Obiero, 1931, May 15, 2018 (EAT)
The High Court in Kisumu has certified as urgent a case filed by Kisii University students, Kisumu branch, who are challenging the closure of the sate...

Closure of Kisumu campus , Kisii University , Lady Justice Tripsisa Cherere
Sarit Centre bosses hold crisis meeting
By Rachel Ombaka, 1754, May 5, 2018 (EAT)
Sarit Centre managers were on Saturday holed up in a crisis meeting following an inferno that gutted a section of the mall the previous day. Report...

Carrefour opens first store at the Hub , Sarit Centre , Westgate Mall attack.
Uchumi faces auction over Sh67m debt
By Sophie Kinoti, 1846, March 13, 2018 (EAT)
Struggling retailer Uchumi has 15 days to settle a Sh67.6 million debt to a supplier or face auction. Euromat limited, a local supplier has been gi...

auction , bailout , debt , Euromat Limited , retail , strategic investor , uchumi
Tanzania president says will not bail out struggling banks
By Reuters, 1424, March 12, 2018 (EAT)
Tanzania's President John Magufuli has ordered the country's central bank not to bail out any struggling banks as East Africa's third-largest economy ...

bad debts , bailout , banking , failing banks , international monetary fund , John Magufuli , Tanzania
Kahi takes over Nakumatt management
By Citizen, 1802, January 24, 2018 (EAT)
Ailing retailer Nakumatt has a new man at the helm as begins its long journey back to recovery. Peter Kahi from PKF Consulting will now run the sho...

administration order , administrator , Atul Shah , Competition Authority , Landlords , Merger , nakumatt , Peter Kahi , retail , supply contracts , Tuskys
Nakumatt woes worsen as Nanyuki branch closes
By Wanjiku Wanjiru, 1913, January 2, 2018 (EAT)
Troubled Nakumatt Supermarket ushered the New Year with yet another closure after its Nanyuki branch was closed down Tuesday over Sh22m rent arrears. ...

closes , evicted , nakumatt , Nakumatt Blue Label , Nakumatt CEO Atul Shah , Nakumatt closure , Nakumatt Nyanyuki branch , Nakumatt Nyanyuki packs and leaves
National Australia Bank axes 6,000 jobs as annual profit jumps
By AFP, 1057, November 2, 2017 (EAT)
Up to 6,000 jobs will be axed in a major restructuring at National Australia Bank, the lender said Thursday after posting Aus$5.28 billion (US$4.1 bil...

Andrew Thorburn , annual profit , ANZ , automation , banking , Clydesdale , digitizing processes , job loss , National Australia Bank , redundancies , restructuring
Nakumatt closes yet another branch in Nairobi
By Benjamin Muriuki, 1812, October 7, 2017 (EAT)
Troubled retailer Nakumatt Supermarket has announced the closure of its branch at Westgate Mall in Westlands, Nairobi. In a notice issued on Saturd...

high court , Nakumatt debt , Nakumatt westgate , The Junction , westgate nakumatt branch
Carrefour takes Nakumatt’s spot at TRM space
By Citizen Reporter, 1758, October 2, 2017 (EAT)
French retail giant Carrefour is set to open its third store in Kenya at the Thika Road Mall as early as next month. The retailer will take over th...

bakery , Carrefour , Majid Al Futtaim , naivas , retail , Thika Road , TRM , Tuskys
Nakumatt takes on Junction Mall over ‘illegal’ closure
By Citizen Reporter, 1653, October 2, 2017 (EAT)
Struggling retailer Nakumatt has taken exception with the closure of its Junction Mall branch after having signed a new lease agreement with the mall ...

anchor tenant , Atul Shah , branch closure , foot traffic , Junction Mall , Knight Frank , nakumatt , regional operations , rent arrears , retail , suppliers , Tuskys
Texas flood toll mounts amid chemical blast fears
By AFP, 746, August 31, 2017 (EAT)
New proof of the devastation wrought by monster storm Harvey emerged Wednesday as the bodies of six family members were plucked from receding waters i...

HOUSTON DISASTER , HOUSTON FLOODS , HURRICANE KATRINA , STORM HARVEY , TEXAS FLOOD , TEXAS FLOODS , TEXAS SENATOR
Barclays Bank to close 7 branches in restructuring drive
By Mumbi Warui, 1125, July 4, 2017 (EAT)
Barclays Bank Kenya is set to close seven branches as it continues to focus on optimizing its operations. The closure will affect five branches in ...

banking , barclays bank kenya , branch closure , Central Bank of Kenya , interest rate cap , Layoffs , redundancy , voluntary exit scheme
Arab states issue ultimatum to Qatar: close Jazeera, curb ties with Iran
By Reuters, 1137, June 24, 2017 (EAT)
Four Arab states that imposed a boycott on Qatar have issued an ultimatum to Doha to close Al Jazeera television, curb ties with Iran, shut a Turkish ...

President Kenyatta In Qatar , Qatar , Qatar Airways , Qatari Mohamed Bin Hammam , workers suffering in Saudi Arabia
Arab states issue ultimatum to Qatar: close Jazeera, curb ties with Iran
By Reuters, 1816, June 23, 2017 (EAT)
Four Arab states that imposed a boycott on Qatar have issued an ultimatum to Doha to close Al Jazeera television, curb ties with Iran, shut a Turkish ...

Gulf Arab , Gulf nation , Qatar , Qatari , Qatari Mohamed Bin Hammam
Nakumatt eyes Sh1.5bn savings in cost cutting drive
By Mumbi Warui, 2047, May 8, 2017 (EAT)
Regional retailer Nakumatt has finally bowed to challenges brought about by cash flow constraints announcing plans to shut a number of its b...

Atul Shah , branch closure , debt , insolvency , inventory , Kenyatta University , nakumatt , regional operations , retail , stock optimization , strategic investor , uchumi
ADAK pushed to Enhance Anti-doping knowledge to locals
By Citizen, 911, April 11, 2017 (EAT)
As the country grapples over the shocking disclosure of Doping by Olympic marathon champion Jemimah Sumgong, who tested positive for EPO, in an out-of...

ADAK , anti-doping , knowledge to locals , Olympic marathon champion Jemimah Sumgong
CBK urges banks to address digital banking challenges
By Citizen Reporter, 1005, February 15, 2017 (EAT)
The Central Bank of Kenya (CBK) has called on banks to be more transparent in their pricing as more lenders move to offer digital and mobile banking s...

banking , banking services , CBK , Central Bank of Kenya , Commercial Bank of Africa , consumer protection , cut high cost of operation , Digital Banking , Ecobank , financial technology , Fintech , KCB M-Pesa , M-Shwari , Mobile Banking , Mohammed Nyaoga , rising challenges , Safaricom
NIC forges ahead with branch expansion despite industry cut backs
By Citizen, 1708, February 10, 2017 (EAT)
Despite the cut backs in the banking sector, NIC Bank plans to continue with branch expansion to reach customers. The bank, which today opened its ...

Bank of Africa , banking , branch expansion , business , cut backs , Digital Banking , Ecobank , equity bank , Investments , John Gachora , lending , Mobile Banking , NIC bank

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