The Co-operative Bank of Kenya has announced a 5.3 growth in its net profit for the first quarter of the 2025 financial year. This is after the Co-op Bank Q1 2025 net profit hit Sh6.93 billion up from the...
The senior staff and directors of the embattled Kenya Union of Savings and Credit Cooperatives (Kuscco) took insider loans of Sh192 million. This has been disclosed by the Cabinet Secretary for Co-operatives and Micro Small and Medium Enterprises (MSMEs)...
Sidian Bank has announced a profit after tax increase of 250 percent in the first quarter of the current financial year. In that period which ended on March 31 2025, profit after tax increased from Sh556.9 million from the...
The Kenya Revenue Authority (KRA) has moved 475 employees over a tax fraud scheme that has been going on at the revenue authority. The employees were moved from approving applications for value added tax (VAT) refunds. This has come...
China and the United States have agreed to slash their tariffs on each other by 115 percent. China and US will cut their tariffs for a period of 90 days, during which they are expected to engage in trade...
The Kenya Revenue Authority (KRA) has been barred from taxing the road maintenance levy fund Sh1.7 billion. This follows the decision of the Tax Appeals Tribunal which ruled that the taxman had no authority in collecting the money raised...
Stanbic Bank has announced a reduction in its net profit for the first quarter of the 2025 financial year. The Stanbic Bank Q1 net profit has dropped 17 percent from 4 billion that was recorded in the previous year...
Esther Bitutu Kadiki was released by the court on a Sh30 million bond. The lawyer who was been caught up in the Sh1.5 billion Equity heist that occurred at Equity Bank between May 1 2024 and July 31, 2024...
Lawyer Esther Bitutu Kadiki ran an elaborate scheme through which she siphoned Sh1,499,465,831 from Equity Bank, an affidavit sworn by a Directorate of Criminal Investigations (DCI) has alleged.
According to the affidavit sworn by Inspector Chrispinus Sore Shibanda who is...
The Teachers Service Commission (TSC) has formally advertised the position of Chief Executive Officer. This comes as Dr. Nancy Macharia who has been serving in this position prepares to retire from the commission. The advertisement by the TSC is...
