DTB to close six branches by end of October 2021

By Kepha Muiruri,

Tier I lender Diamond Trust Bank (DTB) is expected to shut six branches by the end of October as part of efforts to consolidate its physical footprint...

DTB

From 64 branches to just 5: Retailer Tuskys nears its last breath

By Kepha Muiruri,

Troubled retailer Tuskys is nearing its last breath with its branch count having fallen to just five from a high of 64 in a little over 12 months. ...

liquidation , nakumatt , Tuskys

She was murdered for catching an Indian priest and nun in a sex act. Three decades later, justice is served

By CNN,

The dead nun's slippers were scattered on the convent kitchen floor -- one near the entrance, the other by the fridge. Her white veil was found sna...

Banks put on the spot for mimicking ‘rogue’ digital lenders

By Kepha Muiruri,

Commercial banks have been put on the spot for resembling digital lenders by saddling Kenyans with exorbitant mobile loans. This is as the traditio...

Central Bank of Kenya (CBK) , fuliza , Kenya Bankers Association (KBA)

Bank jobs on the line as COVID-19 wreaks havoc on industry

By Kepha Muiruri,

Bank jobs are now on the line as institutions in the industry trim costs to weather the economic impact resulting from the COVID-19 pandemic. Simil...

banks , Central Bank of Kenya (CBK) , non-performing loans

SBM to close five branches in consolidation drive

By Kepha Muiruri,

Mauritius-backed lender SBM has announced plans to shut down five of its branches as it seeks to rationalize its operations. In a notice to custome...

Tuskys shuts down Nakuru branch as workers demand 4 months unpaid salaries

By Citizen Reporter,

Hundreds of workers have been rendered jobless after the Tuskys Supermarket Magic branch situated in Nakuru Town closed shop indefinitely this past we...

Nakuru Town , Tuskys , unpaid salaries

Tuskys sends hundreds of staff home in new wave of layoffs

By Kepha Muiruri,

Troubled retailer Tuskys has sent home hundreds of staff members in what it terms as ongoing business operation realignments. In a letter addressed...

Tuskys

Gov’t urged to reconsider tough COVID-19 rules for bars, eateries

By Erick Owenga,

Pub owners now want the government to allow members who have complied with ministry of health regulations to be allowed to continue operating. Pubs...

bars , coronavirus , eateries , Entertainment and Restaurants Association of Kenya , Pubs

Tuskys shuts Nairobi CBD branch as woes deepen

By Kepha Muiruri,

Troubled retailer Tuskys has shut another branch inside Nairobi’s Central Business District (CBD) in a continuation of rent rows with landlords. ...

Daniel Githua , Tuskys

Two more Tuskys branches shut as auctioneers strike

By Kepha Muiruri,

Tuskys outlets along Eldoret’s town Uganda road and at Nairobi’s Komarock Mall have shut down after auctioneers struck on Tuesday. The retailer...

retailer woes , Tuskys

Tuskys to refund deducted staff salaries

By Kepha Muiruri,

Retailer Tuskys is expected to refund recently implemented salary cuts to staff following interventions by unionised employees. The retailer has in...

Tuskys

Court forces Tuskys into negotiations on staff pay cuts

By Kepha Muiruri,

The Employment and Labour Relations Court has forced Tuskys to negotiate planned pay cuts with staff after the retailer’s unionised employees challe...

paycuts , Tuskys

KCB Mvita branch closed after employee tests positive for Covid-19

By Benjamin Muriuki,

KCB Bank Mvita branch in Mombasa has been temporarily closed after one of the staff members tested positive for Covid-19. In a statement issued on ...

COVID-19 , KCB Mvita branch , Mombasa

Modern Coast suspends services from Kenya to Uganda, Tanzania, Rwanda

By Benjamin Muriuki,

Modern Coast bus company has suspended all services from Kenya to Tanzania, Uganda and Rwanda until further notice to avert the spread of coronavirus....

coronavirus , Modern Coast

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

Coronavirus may force Americans to avoid crowds and cancel cruises

By Reuters,

Older Americans, especially those with chronic medical concerns, should probably avoid big social gatherings and airline flights, given the rapid spre...

Bernie Sanders , coronavirus , Joe Biden , Senator Ted Cruz

All set for 17th edition of Nairobi Marathon

By Citizen Reporter,

Athletics Kenya will deploy more than 200 technical officials to oversee this year’s Standard Chartered Nairobi Marathon set for this Sunday. Bar...

Athletics Kenya , Nairobi Marathon , Standard Chartered

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

Equity Group doubles presence in DRC with new acquisition

By Kepha Muiruri,

Equity Group has moved to strengthen its Democratic Republic of Congo (DRC) banking business with a new proposed purchase of a controlling stake in th...

Equity Group , James Mwangi , mergers and acquisitions