IMF says more vaccine spending is fastest way to shore up public finances

By Reuters,

The COVID-19 pandemic will continue to swell global public debt in 2021, but spending more money to accelerate vaccinations is the fastest way to star...

COVID-19 , IMF , vaccine , World Bank

Housing Finance secures Ksh.1B from shareholder Britam

By Kepha Muiruri,

Lender Housing Finance has received Ksh.1 billion in new funding from on of its major shareholders in Britam Holdings. The tier II capital injectio...

Britam , Housing Finance

Mayfair CIB cuts its nine month losses to Ksh208 million

By Kepha Muiruri,

Mayfair CIB Bank has cut its nine months losses to Ksh.208.4 million from a Ksh.250.2 million loss last year. The 16.7 per cent contraction in loss...

Mayfair CIB Bank

NBK bad loans exposure shrinks to Ksh.29 billion

By Kepha Muiruri,

KCB Group has continued its clean up of the National Bank of Kenya (NBK) books with the lender’s share of gross non performing loans (NPLs) shrinkin...

BOA Kenya granted exemption to CBK ownership rules

By Kepha Muiruri,

The Bank of Africa (BOA) Kenya Limited has been exempted from the Central Bank of Kenya (CBK) ownership rules for up to five years. The exemption b...

Tuskys earns reprieve as court moots sporadic auctions

By Kepha Muiruri,

Besieged retailer Tuskys has earned reprieve from High Court’s commercial and admiralty court following a ruling stopping sporadic auctions by its a...

Tuskys

Tuskys faces three more auctions

By Kepha Muiruri,

Under fire retailer Tuskys is now facing three new auctions as disgruntled landlords seek to dispose its properties to recover outstanding rent arrear...

Tuskys

Tuskys picks former Uchumi CFO as its new financial controller

By Kepha Muiruri,

Troubled retailer Tuskys has picked former Uchumi Chief Financial Officer Chadwick Omondi Okumu as its new financial controller as the supermarket loo...

Chadwick Okumu , Tuskys

Auctioneers raid Tuskys branch on Juja City Mall

By Kepha Muiruri,

Troubled retailer Tuskys has been forced to temporarily shut its branch at the Juja City Mall after auctioneers raided the premise late on Friday foll...

auctioneers , Juja City Mall , Tuskys

Shelter Afrique receives Ksh.1.7 billion in new capital

By Kepha Muiruri,

Pan-African based housing development financier Shelter Afrique has received Ksh.1.7 billion ($16 million) in new capital injection from its sharehold...

Shelter Afrique

OPINION: KEMSA needs to be brought to account

By Guest Writer,

By Allan Chesang This one is familiar. We have read about it many times in the past. A parastatal claiming bankruptcy asking for bail out from ...

KEMSA

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

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

U.S. government executes third man this week after 17-year hiatus

By Reuters,

A week that marked the return of capital punishment by the U.S. government after a 17-year hiatus ended on Friday with a third execution of a federal ...

capital punishment , Execution , President Donald Trump , U.S. government

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

Equity Group cancels Ksh.10B Atlas Mara acquisition deal

By Kepha Muiruri,

Equity Group has cancelled the proposed transaction for the acquisition of Atlas Mara banking businesses in Rwanda, Tanzania, Zambia and Mozambique. ...

Atlas Mara , coronavirus , COVID-19 , Equity Group

3 more retailers on Gov’t watch as Tuskys stays mute on buyer power abuse

By Kepha Muiruri,

The Competition Authority of Kenya (CAK) says three more retailers are under its watch for delaying payments to suppliers as it rounds off investigati...

retail in Kenya , The Competition Authority of Kenya (CAK) , Tuskys

Budget day: Yatani’s budget of pain

By Kepha Muiruri,

In just a few hours, Treasury Cabinet Secretary Ukur Yatani is expected to walk down the steps of the planning ministry to head into the National Asse...

2020/2021 budget , CS Ukur Yatani , National Treaasury

NBK lifts KCB quarterly profit to Ksh.6.3 billion

By Kepha Muiruri,

KCB Group’s recent acquisition of the National Bank of Kenya (NBK) made the difference as it marked an 8.6 percent growth in profit for the first qu...

KCB , NBK

Uhuru, Treasury line up Ksh.54 billion economic rescue package

By Kepha Muiruri,

President Uhuru Kenyatta has given Treasury the green light to resubmit its ministerial budget appropriations to include a Ksh.53.7 billion economic r...

Covid-19 pandemic , National Treasury , Post Covid-19 Economic Stimulus Package (PC-ESP)