Usione simba amenyeshewa ukadhani ni paka! This was the saying that summed up the 2023 KCB Group financial results. In that financial year, KCB Group recorded a decline in profit after tax from Sh40.83 billion in the year 2022...
KCB Group has announced Sh61.8 billion profit after tax for the full year ended December 2024. This was equivalent to a profit rise of 66.1 percent from the Sh36.1 billion net profit that the bank realized in the same...
The Technical University of Kenya (TUK) is drowning. Formerly known as the Kenya Polytechnic, the university has piled up debts amounting to billions. These debts have in turn left the institution on the verge of total collapse.
The institution is...
A Kenyan investor has come out to lament how their investment has failed to bear the kind of profits they expected. This Kenyan says that they invested Sh505,000 in a Money Market Fund. However, the monthly passive income they...
A number of Saccos that had invested millions of money at the Kenya Union of Savings & Credit Co-operatives (KUSCCO) have publicly acknowledged their potential losses. These Saccos have made partial and full provisions to cover for the losses...
The government has failed in its bid to sell its shares in the collapsed Hilton Hotel and the Intercontinental Hotel - popularly known as the InterCon Hotel. This has been revealed by documents that were tabled n parliament.
According to...
The Kenya Revenue Authority (KRA) is set to collect Sh3.5 billion from troubled sugar miller Mumias Sugar. This is after the taxman got the greenlight from the Tax Appeals Tribunal to collect the amount of unpaid taxes.
"Guided by the...
Quiver Lounge owner Peter Mbugua and Kasarani Member of Parliament and the chief executive officer of betting firm SportPesa Ronald Karauri are engaged in a multi-million conflict involving a contested insurance firm.
The fight involves the ownership of Definite Assurance...
NCBA Group chief executive officer John Gachora has added another feather to his corporate cap after being named as the InstinctBusiness Magazine CEO of the Week in Africa.
Mr. Gachora was named as the CEO of the Week in Africa...
The former chief executive officer of the Kenya Union of Savings and Credit Co-operatives (Kuscco) George Otieno Ototo is demanding up to Sh120 million that he says will enable him to enjoy a peaceful retirement.
The irony in this demand...
