The government has lifted a five-year hiring ban in parastatals. This is according to a memo from State House that was issued by the head of public service Joseph Kinyua. The memo has now given parastatals the green light...
The Co-operative Bank has partnered with the International Finance Corporation (IFC) to offer loans to healthcare businesses in Kenya at more favourable terms.
The businesses that will benefit from the funding program include clinics, hospitals and laboratories with a maximum...
The government has demanded for a mega payment of Sh. 7.7 billion from Standard Chartered Bank and Heritage Insurance. The money is being demanded as insurance guarantees paid for the controversial Arror and Kimwarer dams.
The State Department for Northern...
The Kenya Commercial Bank is set to build over 5,786 affordable residential homes and commercial offices worth Sh. 6.035 billion. The bank has kicked off the search for strategic partners for the project.
The multi-billion project will be constructed on...
CBK Digital Currency: Kenya is finally appearing ready to introduce digital currencies into its financial systems. This follows a move by the Central Bank of Kenya that has seen the CBK call on Kenyans to submit their views on...
Cytonn Investments chief executive officer Edwin Dande and his three co-founders are set to face Sh. 1.1 billion fraud charges over unauthorized payments they made while working at Britam's British American Asset Managers. This is after the Court of...
KQ Salaries: Kenya Airways is still unable to pay its pilots full salaries. This is according to KQ chief executive officer Allan Kivaluka. According to Kivaluka, the national carrier is currently only able to pay employees who earn Sh....
The chief executive officer at Fly540 is set to lose multi-million properties located in Malindi to auctioneers. Donald Smith Earle who is the airline's top executive will be auctioned over a Sh. 678.7 million debt. The auctioning will be...
Postal Corporation of Kenya (PCK) has announced that it will evict Huduma centres over rent arrears amounting to Sh. 1.7 billion. The corporation that has been grasping on straws to survive accused the Ministry of Public Service of deliberately...
Bamburi Cement is set to disconnect electricity from Kenya Power as it switches to solar power. Bamburi has signed a power purchase agreement (PPA) with an independent power producer, Momnai Energy Limited, that will it set up two solar...
