Sunday, December 28, 2025
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James Oundo

I got ‘Blue Paper’ when my US visa was approved, then hours later got ‘Yellow Paper’

When you apply for the US visa, there are three types of responses that you can get from the consular officer. The first is an acceptance which comes in a blue sheet, the second is a rejection which comes...

Portland Cement reopens after one-month shutdown for Sh. 400mn renovations

The East African Portland Cement Company (EAPCC) has resumed operations after shutting down for a month to pave way for renovations and upgrades. Following the upgrades, Portland has resumed full production with a capacity to produce 1 million metric tonnes...

Kenya Airways suspends flights to Kinshasa over staff detained by DRC military

Kenya Airways has announced that it is suspending flights to Kinshasa over the continued detention of its employees by the Democratic Republic of Congo army. The national carrier said in a statement that it is unable to support its flights...

KRA collects Sh. 21 billion from over 500,000 Kenyans in tax amnesty deal

The Kenya Revenue Authority has collected Sh. 20.8 billion from over half a million Kenyans in the ongoing tax amnesty program. In the scheme, the taxman says that he has waived Sh. 244.7 billion in penalties and interests. "Kenya Revenue Authority...

KRA hits SBM Bank Kenya with Sh. 737 million tax fine

The Kenya Revenue Authority (KRA) has slapped the SBM Bank Kenya with a tax fine of Sh.737 million. According to a report that appeared  in a local newspaper, the multi-million tax fine emanates from an agency contract that SBM Bank...

KCB Bank Kenya now free to auction 100 Greatwall Gardens Apartments

Tens of home owners at the Greatwall Gardens Apartments in Athi River may soon be rendered homeless. This is after the Court of Appeal allowed KCB Bank Kenya to put the houses under the hammer. The houses have been...

Shilling loses gains against USD; falls to 132 as banks, forex bureaus near 140

The Kenya shilling is on a second week losing streak against the US dollar. The local currency is losing gains it had made against the US dollar. Two weeks ago, the shilling appeared ready to officially get into the...

Sidian Bank founders walked away with Sh. 841.6 million in bank sale

The founders and shareholders of Sidian Bank which was formerly known as K-Rep bank pocketed Sh. 841.66 million in the sale of their stake. This sale involved the transaction of some 728,525 shares that were equivalent to a 16.57 per...

Co-op Bank subsidiaries in ‘Show of Might’ as bank accelerates growth

Subsidiaries of the Co-operative Bank of Kenya played a critical role in the bank's profit growth in the full year 2023. A spot check on the performance by the subsidiaries shows that the all returned positive performance with profit...

Nation Media Group sinks into Sh. 205.7 million full year net loss

The Nation Media Group (NMG) has announced a full year net loss for the period ended December 2023. The media company's financial report shows that it recorded a net loss of Sh. 205.7 million. This loss was attributed to among...

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