James Oundo

KCB acquires two banks in Rwanda, Tanzania

KCB BPR BancABC Acquisition: KCB Group is now set to buyout two banks in Rwanda and Tanzania. This is after the lender's shareholders approved the proposal to acquire up to 100 per cent of the issued ordinary shares in Banque...

State faces Sh. 800 million loss after buying land from Gakuyo

Gakuyo Land Deals: The government is staring at a multi-million loss after acquiring land from a company that is linked to controversial preacher and land seller David Ngari alias Gakuyo. According to media reports, the government through the County Government...

Kidero: How I blew Sh. 418 million in Nairobi within months

Kidero Net Worth: Former Nairobi Governor Evans Kidero blew Sh. 418 million within months in an attempt to get re-elected as the Governor of Nairobi. According to a breakdown of the spending that was published in a local daily from...

Self-made millionaire: The one, proven, easy way to get rich

Self-made Millionaire in Kenya: According to self-made millionaire and bestselling author David Bach, there's "one, proven,easy way to get rich:" Pay yourself first. What that means is simple, Bach writes in "The Automatic Millionaire": "When you earn a dollar, the...

How you can open a paperless account and access Sh. 500,000 advance

Salary Account: Did you know that by opening a salary account you can access loans of up to half a million shillings? Well, this is possible. Not everywhere, but at a bank that cares for you. That bank is...

How State paid oil dealers Sh. 1 billion to stop fuel price increase

In April this year, oil dealers were expected to hike fuel prices in Kenya to a historic high. A brief from the energy regulator had indicated that petrol will increase by Sh. 4.30 to Sh. 127.11 per litre in...

Uhuru relatives escalate bitter fight over multi-million Muthaiga properties

The bitter fight by President Uhuru relatives over multi-million properties situated at the upmarket Muthaiga estate has escalated further. This is after Margaret Gacigi Gecaga got the nod from the Court of Appeal to challenge an arbitration ruling that...

Steel billionaire Narendra Raval offers Sh. 5 billion Mumias takeover bid

Narendra Raval Mumias: Steel tycoon Narendra Raval has offered a multi-billion package in a lease bid that could see him takeover ailing Mumias Sugar Company. According to a report that appeared in a local daily on Monday, Raval has "unveiled...

Safaricom wins license to operate in Ethiopia after Sh. 864 billion proposal

Safaricom Ethiopia License: Safaricom has won a multi-billion bid to enter into the Ethiopian market. The win follows a Sh. 864 billion that was tabled by a consortium led by the local telecommunications giant. When making the announcement, Ethiopian Prime...

Joyce Laboso’s widower gives up fight for mother-in-law’s millions

Laboso Estate: The late Bomet Governor Joyce Laboso's widower has given up the fight for a multi-million estate that was owned by his mother-in-law. The widower, Edwin Abonyo, has now removed the disputed properties from his late wife’s estate. These...

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Safaricom doubles Home Fibre speeds to power smart living customers to enjoy faster internet at no extra cost across all plans

Safaricom doubles Home Fibre speeds Safaricom has announced an upgrade to its Home Fibre offering, increasing internet speeds by up...