Former Kiambu Governor Ferdinand Waititu is at risk of losing assets estimated to be worth Sh. 1.9 billion. This is after the Ethics and Anti-Corruption Commission (EACC) filed a case seeking to recover properties and money in accounts owned...
The Co-operative Bank Group has announced Sh. 5.8 billion net profit in the first three months of the 2022 financial year.
This Co-op Bank net profit was a jump from the Sh. 3.5 billion that was reported in the same...
The Higher Education Loans Board (Helb) is planning to borrow up to Sh. 22 billion to fund students' laptops. The money will be borrowed through a social bond the loans board is planning to issue.
Helb also revealed that the...
KCB Group has appointed Paul Russo as the new chief executive officer. Mr. Russo will replace Joshua Oigara who has exited the bank after a tenure that lasted for nine years.
His appointment will come to effect on May 25,...
Joshua Oigara has quit as KCB Group CEO. Mr. Oigara will leave his role this week. His departure, which brings an end to his 10 year leadership at KCB, comes months earlier than it had been expected.
Reports say that...
Co-operative Bank subsidiary Kingdom Bank has announced a 58.1 per cent growth in net profit in the first three months of year 2022 to Sh. 209.8 million.
In the same period last year, Kingdom had posted Sh. 132.7 million net...
Kenyans who place bets on SportPesa made Sh. 380 billion between November 2013 and June 2019 with SportPesa bets.
This is according to the audited financial statements and management accounts of Pevans East Africa, the company that operated SportPesa for...
Taxes are by far the biggest absorber of wealth in Kenya for businesses and individuals. They should be a tool for progress, but in Kenya, they are aggravating the prevailing slow-down of the economy. These are the words of...
Kenya’s debt repayments to China for infrastructure projects has more than doubled to a record Sh. 73.48 billion.
This follows the increased clearance of principal sums after the grace period lapsed.
According to data from the National Treasury, the amount has...
SportPesa has been the second biggest firm in Kenya after Safaricom. This is according to its revealed annual earnings. The betting firm, according to court papers, made a net profit of Sh. 12.9 billion for its owners in Kenya...
