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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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Lawyer Allen Waiyaki Gichuhi elected LSK president
By Wahome Gitonga,
1212, February 23, 2018 (EAT)
Lawyer Allen Waiyaki Gichuhi is the new president of the Law Society of Kenya (LSK) after emerging the winner in an election held on Thursday. Gich...
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KETRACO awards Sh9.6bn Turkana power line deal to Chinese firms
By Citizen,
1319, January 31, 2018 (EAT)
The Kenya Electricity Transmission Company (KETRACO) has awarded a Sh9.6 billion contract to a group of Chinese companies for the installation of a tr...
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Central Bank predicts 5pc inflation in 2018
By Reuters,
944, November 15, 2017 (EAT)
Kenya's central bank governor has said he expects inflation of around 5 percent in 2018 and beyond, less than half the rate it reached earlier this ye...
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Jirongo reprieve after court suspends bankruptcy notice
By Mike Njoroge,
1046, October 23, 2017 (EAT)
The High Court has suspended a bankruptcy notice issued against presidential candidate Cyrus Jirongo. Jirongo, who dismissed allegations linking hi...
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I am not bankrupt – Jirongo
By Sally Boyani,
1828, October 11, 2017 (EAT)
Presidential aspirant Cyrus Jirongo has dismissed allegations linking him to bankruptcy. In a letter dated 10th October 2017, addressed to Chief Ju...
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Mauritian bank makes offer to acquire Chase Bank
By Citizen,
1403, October 9, 2017 (EAT)
Mauritian baking group SBM Holdings has emerged as the front runner to acquire Chase Bank which has been under receivership since April 2016. This ...
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Three Chase Bank Directors arraigned over fraud
By Dzuya Walter,
1256, July 20, 2017 (EAT)
Three former Chase Bank Directors, Duncan Kabui, James Mwaura Mwenja, Makarios Omondo Agumbi have been arraigned in court and charged with conspiracy ...
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Imperial Bank depositors seek access to funds in meeting with CBK governor
By Mumbi Warui,
1941, June 28, 2017 (EAT)
It was a scene of despair and agony as depositors of Imperial Bank gained an audience with Central Bank of Kenya (CBK) governor Dr Patrick Njoroge. ...
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Ex Chase Bank chairman charged with Sh1.6bn fraud
By Dzuya Walter,
1848, June 28, 2017 (EAT)
Former Chase Bank Chair Mohammed Zafrullah Khan has been charged over a plan to defraud the lender Sh1.6 billion. The charge comes two months after...
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Mauritius’ SBM holdings bids to buy stake in Chase Bank
By Reuters,
1519, May 5, 2017 (EAT)
Mauritius' SBM Holdings is bidding to buy a stake in Kenya's Chase Bank, SBM's chairman said, which will give it greater presence in the East African ...
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12 investors put in bids for Chase Bank majority stake
By Citizen,
2143, May 2, 2017 (EAT)
A total of twelve investors have shown an interest in acquiring a majority stake in Chase Bank which has been under receivership for over a year. T...
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