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‘Wear garments made in Kenya to boost textile industry,’ Uhuru urges public servants
By Karanja Morgan,
1826, June 21, 2019 (EAT)
President Uhuru Kenyatta on Friday urged all public servants to wear proudly 'Made in Kenya' garments to help boost the local textile industry. Spe...
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Demonetization effects filter into value of Kenyan shilling
By Kepha Muiruri,
2110, June 18, 2019 (EAT)
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...
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KCB quarterly profit rises to Ksh 5.8B on non-interest income
By Kepha Muiruri,
2012, May 22, 2019 (EAT)
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...
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KCB, NBK set to announce deal
By Joseph Bonyo,
1311, April 18, 2019 (EAT)
Kenya Commercial Bank Group and National Bank of Kenya are this afternoon set to announce a potential merger deal. Sources have intimated to Citizen ...
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KCB takes over five Imperial Bank branches in final offer
By Kepha Muiruri,
1621, April 5, 2019 (EAT)
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...
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Suppliers bleed out from local retailers’ collapse
By Kepha Muiruri,
2002, February 6, 2019 (EAT)
Retail suppliers have taken the heaviest bruising from the failure of Kenya’s long-serving supermarkets which are sinking and taking with them insur...
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Karuturi loses court immunity in liquidation row
By Kepha Muiruri,
1151, January 26, 2019 (EAT)
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 ...
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Central Bank accepts KCB’s offer for Imperial Bank
By Citizen Reporter,
2118, December 11, 2018 (EAT)
Imperial Bank depositors can now access 12.5% of their deposits after the Central Bank of Kenya and the Kenya Deposit Insurance Company (KDIC) accepte...
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DPP Haji hires British attorney for high-profile corruption cases
By Reuters,
1000, December 5, 2018 (EAT)
Kenya has hired a British attorney to prosecute high-profile state corruption cases in an apparent bid by the government of President Uhuru Kenyatta t...
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Leicester City owner, four others were on helicopter that crashed: source
By Reuters,
1949, October 28, 2018 (EAT)
Leicester City soccer club owner Vichai Srivaddhanaprabha, a Thai tycoon, was among five people on board a helicopter that crashed and then exploded a...
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Uchumi Supermarkets face closure over Ksh.44M debt
By Reuters,
1248, October 19, 2018 (EAT)
A Kenyan company is seeking the dissolution of retailer Uchumi Supermarkets over a Ksh.44.8million debt, according to court documents seen by Reuters....
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DPP Haji: DCJ Mwilu arrest not part of ‘we shall revisit’ political threats
By Philip Mwaniki,
1800, August 28, 2018 (EAT)
The Director of Public Prosecutions has dismissed allegations that the arrest of Deputy Chief Justice Philomena Mwilu is part of the "we shall revisit...
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KCB to finalize Imperial Bank deal in September, posts Ksh12bn HY profit
By Reuters,
1453, August 16, 2018 (EAT)
KCB Group expects to finalize a takeover of smaller rival Imperial Bank by the end of September, Kenya’s biggest bank by assets said on Thursday aft...
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Central Bank seeks Imperial Bank receivership extension
By Citizen Reporter,
843, July 27, 2018 (EAT)
The Central Bank of Kenya (CBK) will next week move to court to seek an extension on its control of Imperial Bank. Speaking to a section of deposit...
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KCB left as sole bidder for Imperial Bank acquisition
By Citizen Reporter,
1846, July 24, 2018 (EAT)
Imperial Bank is set to have a new anchor shareholder to lift it out of a close to three year receivership. This as KCB Kenya has emerged as the le...
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Chase Bank to close 10 branches after SBM acquisition
By Werunga Kevin,
1506, July 23, 2018 (EAT)
Chase Bank (in receivership) is set to close 10 of its branches as it transitions into SBM Kenya following its acquisition by the Mauritian lender. ...
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Treasury reassures central bank on new regulator
By Reuters,
1534, June 21, 2018 (EAT)
Kenya’s proposed financial-markets authority will not infringe on the mandate of the country’s central bank, which has complained the new agency w...
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Banks to shift to risk based deposit insurance plan
By Kepha Muiruri,
1818, May 9, 2018 (EAT)
Commercial banks insurance premiums on customer deposits could soon rise with plans to move to a new risk based model. Currently banks pay a flat r...
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SBM Holdings aims to put Ksh.6bn into Chase Bank
By Reuters,
1704, April 24, 2018 (EAT)
Mauritius' SBM Holdings said on Tuesday it aimed to inject $60 million in capital to Kenya's Chase Bank in a month's time. SBM Holdings Chairman Ki...
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SBM signs acquisition deal for Chase Bank
By Citizen,
2039, April 17, 2018 (EAT)
Mauritian bank SBM Holdings has concluded the acquisition of Chase Bank, effectively ending the bank’s two year receivership. This after the bank...
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