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

KCB trims payout to Imperial Bank depositors after revised offer

By Kepha Muiruri,

KCB Group has trimmed its final payout to deposits held under the Imperial Bank Limited in Receivership (IBLIR) by Ksh.6.5 billion in a revision of it...

IBLIR , imperial bank , KCB

Imperial Bank’s asset-value falls by over 50% in one year

By Kepha Muiruri,

The value of net assets held at Imperial Bank Limited in Receivership (IBLIR) has sunk by half in the past year to a sum lesser than Ksh.5.2 billion (...

CBK , IBLIR , imperial bank , KCB Bank , KDIC

KCB Group half year profit rises 5pc to Ksh.12.7 billion

By Kepha Muiruri,

KCB Group has announced a five percent growth in earnings for the first six months of the year to Ksh.12.7 billion. The marginal growth, which howe...

Joshua Oigara , KCB Group , mergers & acquisitions

‘Wear garments made in Kenya to boost textile industry,’ Uhuru urges public servants

By Karanja Morgan,

President Uhuru Kenyatta on Friday urged all public servants to wear proudly 'Made in Kenya' garments to help boost the local textile industry. Spe...

cotton , eldoret , President Uhuru Kenyatta , Rivatex

Demonetization effects filter into value of Kenyan shilling

By Kepha Muiruri,

The value of the Kenyan shilling has continued its recent slide against the US dollar breaching the Ksh.102 mark for only a second time this year, sig...

Central Bank of Kenya (CBK) , demonetization , kenyan shilling , patrick njoroge

KCB quarterly profit rises to Ksh 5.8B on non-interest income

By Kepha Muiruri,

KCB Group has announced an 11.5 percent growth in profits for the first three months of the year to Ksh.5.8 billion. The notable increase in earnin...

Joshua Oigara , KCB

KCB, NBK set to announce deal

By Joseph Bonyo,

Kenya Commercial Bank Group and National Bank of Kenya are this afternoon set to announce a potential merger deal. Sources have intimated to Citizen ...

KCB , Kenya Commercial Bank , National Bank of Kenya

KCB takes over five Imperial Bank branches in final offer

By Kepha Muiruri,

KCB will now take over five Imperial Bank Limited in Receivership (IBLIR) branches in its final bidding offer for the collapsed lender. The final o...

CBK , IBLIR , imperial bank

Suppliers bleed out from local retailers’ collapse

By Kepha Muiruri,

Retail suppliers have taken the heaviest bruising from the failure of Kenya’s long-serving supermarkets which are sinking and taking with them insur...

Association of Kenyan Suppliers , Kimani Rugendo , Retail Traders Association of Kenya (RETRAK) , Willy Kimani

Karuturi loses court immunity in liquidation row

By Kepha Muiruri,

Flower farm Karuturi Limited lost its battle to have the Supreme Court put up an injunction to stop Stanbic Bank Plc from attaching itself to company ...

Ian Small , Karuturi Limited , Kieran Day , Muniu Thoithi , Stanbic Bank