All eyes on CBK on review of Kenya economy base lending rate

By Kepha Muiruri,

All eyes will be on the Central Bank of Kenya (CBK) as it offers guidance on the direction of interest rates in the market. The CBK has been relati...

CBK , CBR

Barclays Bank’s Absa transition costs hit Ksh.910 million

By Kepha Muiruri,

Barclays Bank Kenya transition costs into the Absa brand have hit Ksh.910.3 milion in nine months to September 30 to weigh down on the lender’s net ...

Absa , Barclays Bank Kenya (BBK)

Standard Chartered nine-month profit falls to Ksh.6.2 billion

By Kepha Muiruri,

The Standard Chartered Group has announced a marginal 1.6 percent dip in profits for the first nine months of the year to Ksh.6.2 billion. The redu...

Standard Chartered , Treasury

Gov’t burdens economy with Ksh.201 billion pending bills

By Kepha Muiruri,

The government has seemingly failed in its role as an enabler of growth in the economy as it saddles businesses with Ksh.201.2 billion in unpaid dues....

Kenyan economy , National Treasury , NPLs , pending bills

KOT post their photos, dare HELB to publish on newspaper front pages

By Paul Ombati,

Kenyans on social media are now calling a bluff on the 30-day notice issued by the Higher Education Loans Board (HELB) for defaulters to repay their l...

HELB , KOT

From blows to handshakes: Simba Arati, Didmus Barasa make up after Kibra showdown

By Ian Omondi,

International author Patience Johnson probably wasn't aware how much the phrase “in politics there are no permanent friends, no permanent enemies, b...

didmus barasa , Kibra by-election , Simba Arati

Babu Owino headed to court to bar HELB from naming, shaming loan defaulters

By Ian Omondi,

Embakasi East Member of Parliament Babu Owino now says he will be seeking a court injunction barring the Higher Education Loans Board (HELB) from publ...

Babu Owino , HELB , Loan defaulters

Kenya Gov’t plans to clear pending supplier bills by next week

By Kepha Muiruri,

The government has through the National Treasury promised to clear outstanding supplier bills by the end of the month as part of its renewed efforts t...

National Treasury , pending bills , Stanbic PMI

HELB to name and shame 85K defaulters who owe Ksh.50B

By Ian Omondi,

The Higher Education Loans Board (HELB) has now given a 30-day deadline to Kenyan defaulters to repay their loans failure to which their names and pho...

HELB

CBK boss warns banks against taking advantage of Kenyans

By Kepha Muiruri,

Central Bank of Kenya (CBK) Governor Patrick Njoroge has cautioned banks against side-lining borrowers in the aftermath of the interest rate caps repe...

CBK , KBA

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

UAP, Eaagads issue first profit warnings on expected 2019 earnings

By Kepha Muiruri,

Insurer UAP-Old Mutual and coffee grower Eaagads have become the first publicly trading firms to issue profit warning on expected 2019 earnings. In...

Eaagads , nse , profit warnings , UAP

Co-op Bank grows nine-month profit to Ksh.10.9 billion

By Kepha Muiruri,

The Cooperative Bank Group has booked a Ksh.10.9 billion third quarter profit representing a 5.8 percent jump in earnings by the lender to the close o...

Cooperative Bank , Gideon Muriuki , MCo-op Cash

Kenya bankers welcome Uhuru repeal on interest rate cap

By Paul Ombati,

Kenya Bankers Association chairperson Joshua Oigara has welcomed the repeal of the interest rate cap which President Uhuru Kenyatta assented to His...

bankers association , oigara

KCB records Ksh.19.2 billion nine-month profit

By Kepha Muiruri,

KCB Group has announced the posting of a Ksh.19.2 billion net profit in nine months to September 30 on the back of increased customer lending and non-...

Joshua Oigara , KCB

OPINION: For lying to us all this time, let’s vote out all sitting MPs come 2022

By Citizen Reporter,

By Michael Cherambos It’s now in the open, our Parliament, the whole group of men and women that sit in the National Assembly and Senate, is a di...

Treasury raids Parliament, Judiciary allocations in 2019/2020 budget alignment

By Kepha Muiruri,

The National Treasury has proposed severe cuts to spending by Parliament and the Judiciary in its re-alignment of government spending for the current ...

National Treasury , supplementary budget I 2019/20 , Ukur Yatani

Equity Bank posts Ksh.17.5B nine month profit

By Kepha Muiruri,

Equity Group has announced a Ksh. 17.5billion net profit in nine months. The period to September 30 saw increased customer lending and higher non-f...

Equity Group

KCB, Co-op Bank write off Ksh.656 million Uchumi debt

By Kepha Muiruri,

KCB and Cooperative bank have agreed in principle to write off a combined Ksh.655.5 million in outstanding credit to the debt-strapped Uchumi Supermar...

Cooperative Bank of Kenya , CVA , KCB , uchumi

Emery unsure whether Xhaka will play again for Arsenal

By Reuters,

Arsenal manager Unai Emery said he did not know whether midfielder Granit Xhaka would play again for the club after the Swiss international swore at h...

Arsenal , Granit Xhaka , Unai Emery