Money and a the exit of a prominent contractor were the main reasons why the multi-billion Nairobi-Mombasa expressway project collapsed. This has emerged after a determination by the National Treasury's public private partnership committee that the project ill-conceived and...
The government of Kenya has dropped the mega Sh468 billion Nairobi-Mombasa Expressway project. The Usahihi Expressway project was being backed by a firm from the United States known as Everstrong Capital. It was being touted as a landmark infrastructure...
Kikuyu Member of Parliament who is also the Leader of Majority in parliament Kimani Ichung’wa has acquired a Sh138.3 million stake in mortgage financier HF Group (formerly Housing Finance). This stake is equivalent to some 18,642,043 shares.
Following this acquisition,...
Equity Group Holdings has announced a half year 2025 net profit of Sh34.6 billion. This net profit represented a gain of 17 percent and was derived from a pre-tax profit of Sh41.5 billion.
During the period under review, net interest...
The Nairobi Hospital has found itself in the middle of a crisis after prominent insurers issued notices that they will stop covering hospital charges that are incurred at the hospital due to high charges.
The insurance firms include Old Mutual,...
The Burugu couple of Peter Burugu and Mary Burugu have pocketed Sh1.23 billion from the sale of their school Regis Runda Academy. The school was sold to South African multinational known as the ADvTECH Group.
"The ADvTECH, Africa’s leading private education...
The amount of bank loans that Kenyans have defaulted has now hit Sh724 billion. In another sign of an economy that is struggling, the volume of non performing loans among commercial banks in the country increased by Sh7 billion...
150 Saccos that have now shut down or gone dormant disappeared with Sh1.33 billion belonging to the Kenya Union of Savings and Credit Co-operatives (Kuscco). In an effort to recover the funds, Kuscco has now asked the national government's...
The Department of State in the United States is reportedly set to roll out a pilot program that will lead to foreign nationals posting bonds of up to $15,000 (close to Sh2 million) in order to be allowed to...
Teachers in Kenya are reeling from shock after discovering that their much anticipated pay raise is as low as Sh36 for some job groups. The teachers were expecting increased salaries after signing a new pay multi billion deal.
However, as...
NCBA Insurance has reaffirmed its commitment to strengthening partnerships with insurance intermediaries as it champions greater awareness and adoption of...
