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...
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...
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...
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...
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...
Besieged retailer Tuskys has earned reprieve from High Court’s commercial and admiralty court following a ruling stopping sporadic auctions by its a...
Under fire retailer Tuskys is now facing three new auctions as disgruntled landlords seek to dispose its properties to recover outstanding rent arrear...
Troubled retailer Tuskys has picked former Uchumi Chief Financial Officer Chadwick Omondi Okumu as its new financial controller as the supermarket loo...
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...
Pan-African based housing development financier Shelter Afrique has received Ksh.1.7 billion ($16 million) in new capital injection from its sharehold...
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 ...
Jamii Bora Bank (JBB) has been renamed Kingdom Bank following its acquisition by the Co-operative Bank of Kenya. The buyout which became effective ...
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...
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 ...
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...
Equity Group has cancelled the proposed transaction for the acquisition of Atlas Mara banking businesses in Rwanda, Tanzania, Zambia and Mozambique. ...
The Competition Authority of Kenya (CAK) says three more retailers are under its watch for delaying payments to suppliers as it rounds off investigati...
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...
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...
President Uhuru Kenyatta has given Treasury the green light to resubmit its ministerial budget appropriations to include a Ksh.53.7 billion economic r...