Sanlam sells off Ksh.450 million property

By Kepha Muiruri,

Insurer Sanlam sold off a property worth Ksh.450 million in  December 2019 as it sought to cut its exposure to the struggling real estate industry. ...

Sanlam Insurance

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

Sanlam bounces back with Ksh.114 million full year profit

By Kepha Muiruri,

Insurer Sanlam has quickly turned round its fortunes by posting a Ksh.114.4 million profit for the 2019 financial year to return from a Ksh.2 billion ...

Patrick Tumbo , Sanlam

Court dismisses petition challenging election of new KTDA officials

By Dzuya Walter,

The High Court in Nairobi on Thursday dismissed a petition challenging the election of Kenya Tea Development Agency (KTDA) officials. The peti...

high court , Justice Weldon Korir , KTDA , Lawyer Ben Milimo

Safaricom to consider Huawei as supplier for 5G network

By Reuters,

Safaricom will consider awarding a contract to China’s Huawei as it rolls out its fifth generation (5G) network this year, its acting chief executiv...

Huawei , Safaricom

Absa eyes SMEs in strategy overhaul

By Kepha Muiruri,

Absa Bank Kenya, formerly Barclays, is set to cast its net wider to the expansive MSME sector as the lender overhauls its strategy following the round...

Absa Bank , barclays , SME

Equity, NCBA banks tipped to increase shareholder pay outs

By Kepha Muiruri,

Equity and NCBA banks are tipped to be the only listed banks to increase their pay out to shareholders as banks commence issuing their full year earni...

Equity Group , Nairobi Securities Exchange (NSE) , NCBA

Premier League clubs to extend bans for abusive behaviour

By Reuters,

Premier League clubs have agreed to introduce league-wide bans on any supporter who is banned by a club for discriminatory or abusive behaviour, Engla...

Premier League , racism

EPL clubs vote to return to old transfer deadline

By Reuters,

English Premier League (EPL) clubs agreed on Thursday to move the last day of the close-season transfer window back to the end of August or early Sept...

EPL , Transfer

Banks share prices set for correction

By Kepha Muiruri,

Listed commercial banks share prices are set to re-adjust downwards in the near term as the market absorbs shocks emanating from observed investor ove...

banks , Nairobi Securities Exchange (NSE)

Nigerian lender to take over Transnational Bank after CBK approval

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has okayed the 100 percent acquisition of the Transnational bank by Nigeria’s top lender Access bank. The reserve...

Access Bank , Central Bank of Kenya (CBK) , Transnational Bank

2019 review: Interest caps fall at second attempt

By Kepha Muiruri,

In a seemingly last ditch attempt to salvage the economy off interest cap hurdles, the National Treasury through the then Cabinet Secretary Henry Roti...

CBK , interest rate caps , National Treasury

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

Kenya Airways issues profit warning on its expected 2019/2020 earnings

By Kepha Muiruri,

Kenya Airways (KQ) has issued a profit warning on its expected full year earnings for the period ending December 31, 2019, joining the growing list of...

Kenya Airways , Kenyan economy , profit warnings

Gov’t begins vetting of all private security firms

By Benjamin Muriuki,

The government has began fresh vetting and licensing of all private security providers in the country. The Interior Ministry, in a press statement ...

Security firms

31 Kenyan women entrepreneurs win Invest2Impact awards in Rwanda

By Rachel Ombaka,

31 Kenyan women entrepreneurs have been unveiled as some of the winners of the inaugural Invest2Impact. They are among 26 Tanzanians, 15 Rwandans, ...

2X Invest2Impact

Staff layoff costs Stanbic Bank Ksh.773 million

By Kepha Muiruri,

Stanbic Bank has incurred lay-off costs grossing to Ksh.773.2 million having sent home 88 staff members from its voluntary early retirement (VER) prog...

Man City owners expand global empire to Mumbai

By Reuters,

The owners of Premier League champions Manchester City have agreed to buy 65% of Indian soccer team Mumbai City FC, expanding their global stable of c...

City Football Group , manchester city , Mumbai City FC

CBK assures affordable loans but won’t shepherd banks on rates

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has assured Kenyans to the retention of affordable loans in the post rate cap environment in its attempt to demystify ...

CBK , Interest Rates , Kenya Bankers Association (KBA)

Family Bank records Ksh.704 million nine-month profit

By Kepha Muiruri,

Family Bank has announced a near four-fold jump in profit for the first nine months of the year to Ksh.704.6 million signalling the lender’s continu...

Family bank , nse , Rebecca Mbithi