Mumias receiver restarts miller’s leasing

By Kepha Muiruri,

Mumias Sugar Company receiver manager Ponangipalli Venkata Rao has restarted the process to lease out the assets of the firm. This is after a fresh...

Mumias Sugar

How ‘regulatory gap’ allows crooks to siphon billions from Kenyans

By Kepha Muiruri,

A gaping hole in the regulation of investment schemes has allowed crooks and scammers to easy swindle billions of shillings from Kenyans. This is w...

Capital Markets Authority (CMA) , Cytonn High Yield Solutions (CYHS) , investment scams , pyramid schemes

Kakamega County gov’t backs KCB receiver manager in Mumias Sugar lease

By Kepha Muiruri,

Kakamega County has backed the KCB-appointed receiver manager to revive the rundown Mumias Sugar Company even as the leasing process faces a storm. ...

Kakamega County , Mumias Sugar Company

Devki Group drops bid to lease Mumias Sugar Company

By Kepha Muiruri,

Devki Group of Companies has withdrawn its bid to lease the troubled Mumias Sugar Company. In a statement issued on Friday, Devki Group Chairman Na...

Devki Group , Mumias Sugar , narendra raval

Imperial bank directors in fresh attempt to block CMA probe

By Kepha Muiruri,

Former Imperial bank directors have made a fresh attempt to block the Capital Markets Authority (CMA) from initiating proceedings probing their role i...

charterhouse , chase bank , CMA , imperial bank , KDIC

KDIC opens payments to Chase, Charterhouse bank depositors

By Kepha Muiruri,

The Kenya Deposit Insurance Corporation (KDIC) has opened payments to depositors in Chase and Charterhouse banks following the nod on the lenders’ l...

Central Bank of Kenya (CBK) , Charterhouse Bank , chase bank , Kenya Deposit Insurance Corporation (KDIC)

CBK sends Charterhouse Bank into liquidation

By Kepha Muiruri,

The Central Bank of Kenya has approved the wind up of Charterhouse Bank Limited. The green light to liquidate the bank is on the recommendation of ...

Central Bank of Kenya (CBK) , Charterhouse Bank

CBK gives nod to wind up Chase Bank

By Kepha Muiruri,

Chase Bank, technically referred to as Chase Bank Limited in Receivership (CBLIR), will cease to exist after the approval of its liquidation by the Ce...

Central Bank of Kenya (CBK) , chase bank , Kenya Deposit Insurance Corporation (KDIC)

Former Nakumatt staff members to receive pension benefits

By Kepha Muiruri,

Former staff of the now defunct Nakumatt Holdings are expected to receive their pension benefits as the employees’ pension scheme at the ex-retailer...

Harrison Nyando , nakumatt , pension , VC Karani and Associates

KCB commences Ksh.3.2 billion payments to Imperial Bank depositors

By Kepha Muiruri,

KCB Group has began processing payments to Imperial Bank Limited in Receivership (IBLR) depositors following its acquisition of part of the defunct le...

CBK , imperial bank , KCB Group , Kenya Deposit Insurance Corporation (KDIC)

Judge opts out of Raphael Tuju’s Ksh.1.6 billion debt case

By Dzuya Walter,

High Court judge Grace Nzioka has recused herself from hearing a case between Jubilee Party Secretary General Raphael Tuju and and East African Develo...

Tuju wants Justice Grace Nzioka to recuse herself from Ksh.1.6B debt row case

By Dzuya Walter,

Jubilee Secretary General Raphael Tuju has filed an application seeking to have a judge hearing his case over a Ksh. 1.6billion debt row disqualify he...

dari , tuju

OPINION: KQ’s bleak future as COVID 19 digs in

By Joseph Bonyo,

By Joseph Bonyo As the last of Kenya Airways plans taxi to parking at the Jomo Kenyatta International Airport (JKIA) later today (Wednesday, March ...

coronavirus , Kenya Airways

Liaison Group takes insurance contracting online

By Citizen Reporter,

By Winfrey Owino Players in the insurance industry have attributed the poor performance of insurance companies in the country to mistrust by potent...

Liaison Group

Uchumi’s agony as High Court sets repeat creditors vote.

By Kepha Muiruri,

Uchumi’s recovery plan is back to square one with the High Court giving directions on the holding of a second vote on the company’s voluntary agre...

Mohamed Mohamed , uchumi

Boma Hotel owned by Kenya Red Cross placed under receivership

By Citizen Reporter,

The National Bank of Kenya (NBK) has now hotels owned by the Kenya Red Cross (KRC) under receivership due to huge debt. They include Boma Hotel Nai...

BOMA

Bank mergers out do acquisitions in profitability

By Kepha Muiruri,

The consolidation of banks through mergers has emerged as a more profitable venture in comparison to acquisitions, fresh data from the Central Bank of...

Central Bank of Kenya (CBK) , mergers and acquisitions

Lenders to cover Ksh.500K after Chase Bank, Imperial, Dubai saga

By Kepha Muiruri,

Commercial banks will begin covering deposits for an estimated 98 percent of customers as from July next year. This follows amendments of provision...

chase bank , Dubai Bank , imperial bank

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

KCB takes over management of Mumias Sugar

By Kepha Muiruri,

KCB Group has placed the Mumias Sugar Company under receivership following the execution of a lenders agreement deed dating back to September of 2010....

KCB , Mumias Sugar Company