Kenyan currency notes

Mauritius fund pays Sh728m for Credit Bank stake

Bank says the funding helped lift it from a regulatory capital breach.

  1. Uganda's dairy processor secures $35m for regional expansion

    The financing comes from the International Finance Corporation and the Dutch development bank FMO.

  2. Court orders liquidation of Blueshield Insurance

    Judge agrees with sector regulator spelling death knell for the troubled insurer.

    Blue Shield Insurance Company building in Upper Hill, Nairobi.
  3. BAT offers farmers Sh200 per kilo to stem mass exit

    The fall in number of farmers has coincided with drop in the amount of tobacco supplied.

  4. Safaricom first regional company to surpass billion-dollar earnings

    Safaricom net profit for the full year to March rose 1.2 percent to Sh62.99 billion.

  5. KQ accuses DRC of harassment over detained staff

    Officers from Congo's military intelligence detained the pair on April 19 over customs documentation related to valuable cargo.

    A Kenya Airways plane at the Jomo Kenyatta International Airport
  6. Stanbic bags lucrative Devki banking business

    Devki Group has been with KCB Kenya over the last 40 years.

    Stanbic Bank
  7. Revealed: A fifth of chief executives cut jobs

    Executives are also painting grim pictures for job seekers in the current second quarter of the year

  8. PREMIUM TikTok moderation firm on the spot over explicit content

    A company licensed by TikTok to moderate content in Kenya has found itself on the receiving end from lawmakers, who accuse it of sleeping on the job.

  9. Family Bank profit jumps 13pc on higher interest income

    Family Bank posted a net profit of Sh2.5 billion for 2023.

    Family Bank
  10. DTB raises dividend as profit grows to Sh6.8bn

    The new dividend, amounting to a total payout of Sh1.6 billion, will be distributed on June 28.

  11. Banks buck trend with thousands of new jobs in a tough labour market

    Lenders are increasing their headcount by thousands, helped by growth and expansion.

    Central Bank of Kenya
  12. Co-op Bank maintains dividend, profit up to Sh23bn

    The lender’s net profit in the prior year stood at Sh22 billion.

    Co-op Bank
  13. Telkom loses 2.1 million mobile customers as rivals gain

    Telkom's revenues dip as its struggles to keep pace with competitors.

    Telkom Kenya
  14. PREMIUM Nightclubs now edging out Industrial Area factories

    On Baricho Road Kenyans have literally been dancing on the graves of some manufacturing sector.

    Tunnel Club
  15. PREMIUM Tullow Oil sued for Sh284bn over ‘environment violence’

    Turkana residents accuse oil firm of destroying their environment and their livelihoods.

  16. KRA hiring nullified

    Taxman barred from recruiting and appointing staff at all levels until an ethnic diversity and regional balance policy is put in place.

    KRA officers
  17. Keroche’s woes pile as county slaps firm with Sh9.3m bill

    A Sh14 billion tax dispute between Keroche and KRA led to the closure of the brewer in 2022.

    A worker at Keroche Breweries in Naivasha.
  18. Siblings fight for control of Naivas

    Three children of the supermarket founder separately seekto replace their brother as administrator of their father's estate.

  19. State announces Sh1.7bn boost for ailing sugar sector

    National Assembly Speaker Moses Wetang'ula says Nzoia Sugar Factory will get Sh300 million out of the Sh1.7 billion.

    Nzoia Sugar Company
  20. Tata Chemicals in Sh2bn expansion plan

    Tata Chemicals contributes between $6 million and $8 million to the local economy every month.

  21. Exposed: The problem with your phone network

    Only eight out of Kenya’s 47 counties on average enjoy the industry-set quality of services from local telcos.

  22. Epza sets up modern warehouses in Athi River

    The warehouses have been designed to cater for investors looking to invest beyond textile and garment companies.

    Hussein Adan.
  23. PREMIUM Revealed: Top loss-making State owned firms

    KRC, Kenya Power, and Kenya Airways are among the entities that have notably been relying on Treasury for funds to run operations amid struggles to service loans.

    Kenya Railways
  24. PREMIUM Why Old Mutual is at risk of liquidation

    Insurance firm issued a 21-day notice to pay up claims for compensating third parties affected by accident.

  25. Boostika: Equity now launches its version of Fuliza

    Equity’s Boostika allows customers to overdraw their accounts by up to Sh100,000 to complete transactions.

    Equity Group Holdings Group Managing Director and CEO James Mwangi
  26. ​​​​​​​E-commerce firm Patazone launches mobile app

    App allows users to conveniently make purchases and track their orders in real-time.

    App launch
  27. Kenyan in diaspora wins Sh8.5m house in realtor promotion

    Kenyans in the diaspora advised to seek the services of reputable land buying companies.

  28. PREMIUM Kenyan company directors face shake-up in CMA reforms plan

    Proposed rules seek to tame conflict of interest in boardrooms.

  29. KQ now Africa’s most punctual airline

    Of the 41,905 flights KQ made in 2023, the carrier made timely arrivals in more than 30,000.