Bizna Reporter

Co-operative Bank has a new chairman. The bank has appointed former Treasury Director of Debt Management John Murugu as its new chairman. He replaces Mr. Stanley Muchiri who is retiring after reaching the stipulated retirement age. Mr. Murugu is set...

The law that capped interest rate on loans at 14 per cent last year is set to be abolished. This is according to the Governor of Central Bank Patrick Njoroge. Mr. Njoroge said that the rate cap had brought problematic effects...

The banking sector in Kenya is currently seeing the embracing of digital products. This has set multiple players in the banking industry on an innovation spree geared towards offering customers efficient, convenient and cheap ways to bank without the...

Thousands of customers are unable to access banking services at the National Bank of Kenya following a technical hitch. The hitch hit its third day on Wednesday. It followed an upgrade of the bank's banking platform on Saturday. “Due to our...

Kenya Airways is eyeing New York in its debut direct flight to United States. New York’s JFK Airport was the United State’s fourth-busiest airport in 2016, according to Airports Council International. The national  carrier is expected to start flying directly in...

Centum Investments chief executive officer was reported to have affirmed his position as Kenya's best paid CEO. This is after his total pay reportedly rose 5.1 per cent to a record Sh. 375.6 million in the year ended March compared...

138 Uber drivers have received loans from a local bank to acquire cars. The drivers have been getting the car loans from Sidian Bank - formerly known as KRep Bank. The bank says since June 2016, it has been advancing loans...

Commercial Bank of Africa has become the first lender in the country to return a profit growth in the six month period ended June this year. This is after the bank posted a 14 per cent profit growth. The profit...

Accounting firm KPMG is set to 107 Kenyan graduate trainees. An additional 43 recruits are set to join KPMG Uganda, Rwanda and Tanzania divisions. KPMG’s new hires comprise of 150 graduates that are set to undergo specialised training in audit, tax...

Kenya Airways received a major boost on Friday after it acquired a permit that will enable it to fly directly to the US. According to an order issued by the Department of Transportation, the permit became effective on September 5. The...