Consolidated Bank bond holders agree to revised payment date

By Kepha Muiruri,

Consolidated Bank bond holders have voted to side with the lender’s pushed repayment of their Ksh.1.6 billion, seven-year held maturing notes plus i...

consolidated bank

Kiambu County admits not following proper budget making procedure

By Agnes Oloo,

Kiambu County Government has admitted to having not followed proper procedure in making a supplementary budget seeking Ksh.16.5 billion for the curren...

kiambu , Supplementary Budget

OxyContin maker Purdue agrees to settle Oklahoma opioid case: source

By Reuters,

Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epide...

Mike Hunter , Oklahoma , OxyContin

Crackdown on suspected electronic banking fraudsters instensifies

By Agnes Oloo,

The crackdown on suspected electronic banking fraudsters has intensified with four more suspects being arraigned in court on Friday. Damaris Muthei...

chase bank , consolidated bank , electronic banking fraud , Stanbic Bank

Kenya’s UK export slack opens door to regional rivals

By Kepha Muiruri,

Kenya’s exports to the United Kingdom (UK) declined in value by 20 percent between 2009 and 2016 pointing to the country’s diminishing export edge...

Chris Kiptoo , Coffee , Department for International Development , DfID , export , flowers , kenya , ODI , Trade , UK

The Ngiritas allegedly received half of NYS millions

By Citizen Reporter,

The alleged benefactors of the Ksh.468 million National Youth Service (NYS) loot can now be revealed according to a charge sheet that is set to be use...

Anne Ngirita , Director of Public Prosecutions Noordin Haji , Ngirita , NYS

Court suspends order on De La Rue currency printing tender

By Dzuya Walter,

High Court Judge George Odunga has temporarily suspended the Public Procurement Administrative Review Board (PPARB)  decision that nullified the curr...

Central Bank of Kenya , Court suspends order , currency printing tender , De La Rue , Lawyer Fred Ngatia , PPARB , PPRAB , Public Procurement Administrative Review Board

Uchumi narrows full year loss to Sh1.7bn

By Citizen,

Uchumi Supermarkets restructuring efforts have began bearing fruit with the retailer narrowing its full year to June loss by 39 percent. In the lat...

dispose non core assets , dividend , financial performance , full year results , government loan , Julius Kipng'etich , nakumatt , regional operations , restructuring plan , strategic investor , Uchumi supermarkets

Activist Okiya Omtatah sues land investment group for fraud

By Simon Ngure,

  Civil rights activist Okiya Omtatah has filed a petition at the Environment and Lands Court in Nakuru High Court protesting the alleged grab...

activist Okiya Omtatah , Land fraud

National Bank Q3 profit dips to Sh521m as bad loans rise

By Citizen,

National Bank of Kenya (NBK) has recorded a 76.8 percent slump in its third quarter net profit. During the period ended September, the bank’s net...

bad loans , Central Bank of Kenya , loan loss provision , national bank , NBK , non-performing loans , NSSF , third quarter results , Treasury

Raila toying with Kenyans on Eurobond issue – President Kenyatta

By Benjamin Wafula,

President Uhuru Kenyatta has called on the Coalition for Reforms and Democracy (CORD) leader, Raila Odinga, to substantiate allegations that some proc...

raila odinga , Uhuru kenyatta

Raila advises investors to keep off Kenya’s second Eurobond

By Benjamin Wafula,

CORD leader Raila Odinga has cautioned international financial institutions and investors against buying into Kenya’s second Eurobond proposed to be...

Eurobond , raila odinga

Auditor disputes over Ksh30m owed to Nyamweya by FKF

By Charity Wanja,

Football Kenya Federation (FKF)’s appointed auditor, Alloys Otieno, has rejected payment of over Ksh30.80m owed to former president, Sam Nyamweya th...

Annual General Meeting , auditor , FKF , football , Nick Mwendwa , Sam Nyamweya

Treasury reviewing state owned bank consolidation

By Abalon Babisho,

The National Treasury is reviewing a report over the consolidation of three state owned banks in an effort of making them more competitive. Consoli...

consolidated bank , consolidation , Development Bank of Kenya , Henry Rotich , Merger , national bank , Treasury

Isaiah Kiplagat, the ‘Fundi’ who fixed Kenya’s athletics

By Mutwiri Mutuota,

Isaiah Fundi Kiplagat, who crossed the finish line in the ultimate race of life on Wednesday morning in Nairobi, is the man who almost singe-handed- l...

athletics , Athletics Kenya , David Okeyo , Isaiah Kiplagat , Joseph Kinyua

CBK Governor rejects Raila Odinga’s request for a Eurobond meeting

By Benjamin Wafula,

The Central Bank of Kenya Governor Dr. Patrick Njoroge has rejected CORD leader Raila Odinga’s request for a meeting to discuss the Eurobond saga. ...

raila odinga

Treasury, NSSF impasse delays NBK rights issue

By Michael Karanja,

The Government’s plan to either merge or privatize the national bank of Kenya has emerged as the major hurdle by the bank to raise Sh13.5 billion th...

CBK refutes claims that Eurobond proceeds were lost

By Wangui Ngechu,

The Central Bank of Kenya has come out to dispute claims that the proceeds of the Eurobond floated in 2013 were lost after being held in foreign accou...

CBK , Central Bank of Kenya Chairman Mohamed Nyaoga , CORD Leader Raila Odinga , corruption , court , Eurobond , graft , linking , lost , money , saga , sue

PAC to summon persons named in Eurobond saga

By Maureen Murimi,

Public Accounts Committee (PAC) chair Nicholas Gumbo has said his committee will summon the eight persons named by Coalitions for Reforms and Democrac...

Eurobond , kenya , Nicholas Gumbo , PAC , raila

Odinga names CS Rotich, PS Thugge and six others as Eurobond suspects

By Maureen Murimi,

National Treasury Cabinet Secretary Henry Rotich, Treasury Principal Secretary Kamau Thuge, Head of Public Service Joseph Kinyua, top Central Bank off...

CORD Leader Raila Odinga , EACC , Eurobond , Eurobond saga , Head of Public Service Joseph Kinyua , kenya , Keriako Tobiko , National Treasury Cabinet Secretary Henry Rotich , raila , raila odinga , Treasury Principal Secretary Kamau Thuge