Expectations were high when Mwalimu National Sacco acquired a majority stake in Equatorial Commercial Bank in 2015. But the acquisition of the bank that was owned by billionaire Naushad Merali has turned into a source of mega losses.
In fact...
Family Bank has picked Rebecca Mbithi as its new chief executive to replace David Thuku.
Until her appointment, Ms. Mbithi has been serving as a company secretary and director, legal services. She was appointed Company Secretary and Head of Legal...
Kidney Failure in Kenya: BY THE STANDARD: By the time 50-year-old Samuel Muigai decided to move his family from their ancestral land in October 2013, home had become more frightening and horrifying than the mouth of a shark.
Since Muigai’s...
Egerton University Campuses: BY THE STAR: Funding challenges alongside dwindling student numbers are the reasons cited for the planned closure of Egerton University’s Nairobi City campus this December.
The closure came in the wake of the government’s austerity measures which...
Richest countries in Africa: Agriculture, human resources, and industry are the major components of the African economy. As of 2012, Africa housed 1.07 billion people in the 54 countries of the continent. Though the country is rich in resources,...
The multi-billion class one laptop project that was a flagship campaign promise by President Uhuru Kenyatta has collapsed.
This has been confirmed by the Ministry of Education which has termed the project as unworkable. Instead, the government had announced that...
Naushad Merali Net Worth: A renowned Nairobi billionaire lost Sh. 10 million in a strange and daring case of fraud.
The billionaire known as Naushad Merali lost the money to conmen who successfully mimicked President Uhuru Kenyatta.
William Simiyu, David Luganya,...
iTax Filing Requirements: Filing your tax returns will now be easier than before. This is because the Kenya Revenue Authority (KRA) has announced new rules that will see Kenyans filing their returns do it in a two-step process only.
When...
Teachers Salary in Kenya: At least 20,000 teachers are set to be promoted to managerial grades. Also, some 54,000 teachers have attained promotion qualifications after going back to school to get higher academic qualifications.
At the same time teachers holding...
SGR Ticket Booking: You will no longer be able to reschedule your travel time when traveling between Nairobi and Mombasa on the SGR.
This is because ticket rescheduling on the SGR has been banned by the Kenya Railways Corporation in...
