James Oundo

Mortgage and construction loans you can get at Co-op Bank

Owning a decent home in Kenya remains a distant dream for most middle and low income earning Kenyans. For instance, a three-bedroom house in Kilimani costs anything from Sh. 11.8 million to Sh. 12.8 million. A two-bedroom flat in Spring Valley...

Sh. 400m graft case against ex-Kenya Power CEO Ben Chumo dropped

The Director of Public Prosecution has dropped a Sh. 400 million graft case against former Kenya Power boss Ben Chumo and 10 others. Chumo had been charged alongside Muwa Company Limited and its directors James Njenga Mungai, his wife Grace...

NCBA to set up new company to run M-Shwari as a subsidiary

The NCBA Bank Group is set to separate M-Shwari from its banking business. According to NCBA Group chief executive officer John Gachora, NCBA will set up a new subsidiary company that will run M-Shwari independently. This subsidiary will be headed...

Salary and allowances your MP earns every month

MP Salary in Kenya Do you know how much money your Member of Parliament pockets every month? Is it a million shillings, over a million shillings or under a million shillings? Well, currently, the bicameral Parliament has 349 members in the...

James Mworia: Why we sold Sidian Bank to Nigerians at a loss

In June 2022, Centum Investments announced the sale of Sidian Bank to Nigeria's Access Bank. The bank was sold at a loss. The sale was estimated to be worth Sh. 4.3 billion which is less than the amount that Centum...

KCB seizes luxury property English Point Marina over Sh. 5.2 billion debt

KCB Group has seized posh property English Point Marina over a Sh. 5.2 billion unpaid debt. The luxury property is located in Mombasa. The bank has also placed Pearl Beach Hotels, the real estate firm that owns English Point Marina,...

How I started a multi-million travel agency in Kenya with Sh. 5,000

Monica Musungu owns a highly successful tours and travel company. She shares with us important lessons on how to to start a travel agency in Kenya. How to start a tour company in Kenya Monica's climb to the top of the...

6 women arrested at JKIA with Sh. 103 million cash

Six women have been arrested at the Jomo Kenyatta International Airport (JKIA) with Sh. 102 million in foreign currency. The women, all of Somali descent, were coming from India and were trying to enter the country with the undeclared cash. The...

CBK: Gachagua lying about forex shortage for oil marketers

The Central Bank of Kenya (CBK) had refuted claims by Deputy President Rigathi Gachagua that there was no forex in Kenya for oil marketers to import fuel over the weekend. Gachagua, during an interview on Citizen Tv had alleged that...

Rubis: April fuel shortage in Kenya made us billions

Rubis Energy Kenya raked in billions of money during the fuel shortage crisis that rocked Kenya in the first quarter of 2022. According to financial release from the company, the shortage locked out small oil dealers and spiked its sales...

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BlockCoop SACCO launches Kenya’s first blockchain-powered SACCO

BlockCoop SACCO, has today launched Kenya’s first blockchain-powered SACCO, marking a historic milestone in the evolution of cooperative finance...