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

United’s Solskjaer meets PL bosses over VAR

By Agencies,

Manchester United manager Ole Gunnar Solskjaer met with Premier League officials on Wednesday to discuss potential improvements to the VAR system. ...

Manchester United , Ole Gunnar Solskjaer , VAR

KCB fires all Mumias Sugar staff

By Kepha Muiruri,

The KCB Group has terminated all Mumias Sugar Company employee contracts backdating the implementation of the layoffs to September 20. In a press s...

Kakamega County , KCB , Mumias Sugar Company

KCB to keep National Bank of Kenya running as a separate brand

By Kepha Muiruri,

The KCB Group is expected to keep the National Bank of Kenya (NBK) brand running on the side as a distinct brand over the long-term. The lender who...

Joshua Oigara , KCB , NBK

Humphrey Kariuki tax evasion case: DCI wants accounts to remain frozen

By Dzuya Walter,

The Directorare of Criminal Investigations (DCI) now says that investigation conducted have revealed that companies allegedly associated to businessma...

African spirits , DCI , DPP , Humphrey Kariuki , Wow Beverages Limited

Shelter Afrique freezes full project financing

By Kepha Muiruri,

Pan-African based affordable housing mortgage firm Shelter Afrique has put on hold its full financial support to projects under its continued attempts...

affordable housing , Shelter Afrique

Outgoing NBK boss Wilfred Musau survives the axe as CBK approves Russo

By Duncan Mutwiri,

Wilfred Musau, the outgoing MD National Bank of Kenya, is set to take on a new role at the Kenya Commercial Bank. In a statement released on Friday...

KCB , NBK , russo

Kenya Power announces expected drop in profits

By Kepha Muiruri,

Kenya Power has announced an expected drop in its net earnings for the financial year ended June 30, 2019. In a public notice issued on Thursday, K...

Fate of National Bank of Kenya sealed as KCB gets takeover nod

By Kepha Muiruri,

Kenya Commercial Bank has obtained approval from the Capital Markets Authority to take up National Bank of Kenya. This ends the lacklustre operatio...

KCB , National Bank of Kenya

CBK approves KCB’s acquisition of National Bank of Kenya

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has approved the 100 percent share capital acquisition of the National Bank of Kenya (NBK) by the KCB Group. The re...

CBK , CMA , KCB , NBK

Transition costs trim Barclays earnings in Ksh.3.9 billion half-year profit

By Kepha Muiruri,

Barclays Bank has announced a slim 2.6 percent growth in earnings for the first six months of 2019 to Ksh.3.9 billion. The narrow growth in net pro...

Absa Group , barclays bank kenya , Jeremy Awori

Kenya Airways board lukewarm on nationalisation

By Kepha Muiruri,

The Board of Kenya Airways (KQ) has emerged half-hearted in its receipt of the government’s decision to nationalise the carrier. KQ which saw its...

Kenya Airways , Michael Joseph

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 seeks Parliament’s indulgence on NBK purchase

By Kepha Muiruri,

KCB has now sought for the indulgence of Parliament in relation to the company’s experienced stumbling blocks in its quest for the full acquisition ...

KCB Group , National Bank of Kenya (NBK)

Gov’t insists on sale of National Bank to KCB despite Parliament opposition

By Faizal Ahmed,

The National Treasury has approved the KCB Group planned takeover of rival National Bank, despite opposition by the National Assembly. In a stateme...

KCB , national bank

Stanbic Group half year profit hits Ksh.4.1 billion

By Kepha Muiruri,

Stanbic Holdings PLC on Thursday announced a 14 percent increase in its half year earnings to Ksh.4.1 billion for the period closing June 30, 2019. ...

Cost to Income ratio , growth trajectory , profits , Stanbic Group

Why Bale could be Serie A bound

By Reuters,

Gareth Bale’s rumoured move to Jiangsu Suning has become one of the biggest stories of the summer transfer window, but even if the Welshman signs fo...

Gareth Bale , Transfers

Kenya’s central bank chief plays down impact of Rotich charges

By Reuters,

Kenya’s central bank governor on Thursday dismissed the market’s concerns about the impact of graft charges against the finance minister and attri...

Cabinet Secretaries Henry Rotich (Treasury) , Central Bank Governor (CBK) Patrick Njoroge

EABL profit up 58 percent on new drinks sales

By Kepha Muiruri,

The East African Breweries Limited (EABL) has announced a 58 percent rise in net profit for the year ended June 30, 2018 to Ksh.11.5 billion. The s...

eabl , innovation , KBL , sin tax

BAK boss Ombok vows to grow Kenyan boxing

By Evans Makokha,

The Boxing Association of Kenya (BAK) president  Anthony Ombok Otieno has called on all shareholders to rally together as he vowed to spearhead the g...

Anthony Ombok Otieno