James Oundo

Step by step of opening a CDS Account and buying bonds

What is the process of opening a CDS Account and trading in treasury bonds? Let's begin by looking at what treasury bonds are. Treasury bonds are secure, predictable medium-to-long-term investments that offer interest payments after every six months throughout the...

Kenya exports Sh. 9 billion avocados to China in three months

Kenya has exported avocados to China worth Sh. 9 billion in three months of March, April and May. These avocados added up to secen million kilograms and fetched Kenya an estimated USD64.38 million. This has been revealed by the Kenya Plants...

Costly IPPs want their ‘non-negotiable’ contracts extended beyond 20yrs

Independent Power Producers (IPPs) in Kenya have asked the government to extend their contracts with Kenya Power beyond the current 20-year expiry date. The power producers who have been largely blamed for Kenya's expensive power claim that if the contracts...

Co-op Bank boosts secure banking with new Sh. 6.95 billion banking system

The Co-operative Bank is this weekend expected to migrate its banking system to a new Sh. 6.95 billion platform dubbed Finacle that is more secure and fast in conducting transaction. This system migration is slated to start on Friday June...

CBK approves Safaricom’s interest-free Lipa na M-Pesa loans

The Central Bank of Kenya has finally approved Safaricom’s ambitious interest-free Lipa na M-Pesa loans. The approval comes nearly a year after the CBK pulled the brakes on the launch of the product that was expected to disrupt the mobile...

Meet Esther Kariuki, the 2023 African Banker of the Year

During the African Banker of the Year 2023 at the 58th Annual Meeting of the African Development Bank that was held in Sharm El Sheikh in Egypt, Esther Kariuki was named the 2023 African Banker of the Year. Ms Kariuki...

Granny fights Family Bank over loan guaranteed by Sh. 25 million title deed

An elderly woman who has been embroiled in a fight with Family Bank has now written to the bank pleading for her title deed after completing an outstanding loan that was the subject of the fight. 90-year-old Edith Njoki says...

Court orders liquidation of Tuskys Supermarket over Sh. 20 billion debts

It is officially the end of an era for Tuskys Supermarket. The High Court in Nairobi has ordered for the liquidation of assets belonging to Tuskys, bringing an end to a 30 year journey of retail business. In a ruling...

Nicholas Owino who has Sh. 1.2 billion wealth from Sh. 150,000 salary fights back

A civil servant who owns Sh. 1.2 billion wealth has caught the eye of the Ethics and Anti-Corruption Commission. The civil servant who was identified as Nicholas Owino Ochiel has accumulated the wealth despite being on a salary of Sh....

New Mercedes Maybach S600 on auction by cash leaves Kenyans in shock

A Mercedes Maybach S600 that has been put up for auction has left many Kenyans in shock. The high end vehicle is alleged to have been registered less than six months ago. In a notice that has been circulating online,...

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Inside Africa on CNN showcases Kenya’s new wave of standup talent

Inside Africa on CNN showcases Kenya’s new wave of standup talent: The Punchline Comedy Club, is one among a...