James Oundo

When Uhuru’s nephew faced eviction from Riverside estate over rent

It is said that even the rich cry. This is what President Uhuru's nephew and personal aide Jomo Gecaga found out in 2020 when former Nairobi Governor Evans Kidero moved to kick him out from his apartments located in...

UK government seizes Sh. 2 billion SportPesa firm’s assets

SPS Sportsoft Limited: The United Kingdom is set to seize assets worth Sh. 2 billion owned by a firm that is related to troubled local betting firm, SportPesa. According to a report that appeared in a local daily, the...

Nairobi Expressway to cost an extra Sh. 7 billion

Nairobi Expressway Cost: The Nairobi Expressway will cost an extra Sh. 7 billion. This has been revealed by the China Communications Construction Company (CCCC), the parent firm of China Road and Bridge Corporation (CRBC), which is funding and constructing...

Co-op Bank lends Centum Sh. 2 billion to build Two Rivers apartments

Two Rivers Cascadia Apartments: Centum Investments has taken a Sh. 2 billion loan from the Co-operative Bank  to build apartments. The apartments will be built at the firm's Two Rivers land. Disclosures contained in a report by Centum shows that...

Shock as over 700,000 Kenyans lose their jobs in a span of months

Number of Jobless Kenyans: Over 700,000 Kenyans lost their jobs in the turbulent year 2020. This has been revealed by the latest government's unemployment data from the Kenya National Bureau of Statistics. According to the data that is contained in...

Over 10,000 Kenyans seeking jobs in Saudi Arabia stranded in Nairobi

Jobs in Saudi Arabia: Over 10,000 Kenyans who are seeking to travel to Saudi Arabia for work are stranded in Nairobi. The thousands of Kenyans are stranded in the capital city following their agencies' failure to secure them cheap...

Kenya starts chasing another China loan for SGR project

China SGR Loan: Kenya is among countries that are chasing a fresh loan for the completion of the Standard Gauge Railway project. A report that appeared on the South China Morning Post says that Kenya is among East African...

How digitization of banking services has spurred growth of Co-op Bank

Coop Bank Digital Banking: The Co-operative Bank has fast emerged as one of the most digitized lenders listed on the Nairobi Securities Exchange. This has seen the bank grow its loan portfolio as well as its total customer base. At the...

Spire Bank loan defaults are now more than its entire loan book

Spire Bank Loan Book: Spire Bank has sank deeper into a credit mess with its loan defaults now more than its entire loan book. In the half year ended June 2021, the lender's gross non-performing loans stood at Sh....

Kenyans to pay Sh. 1,398 to use Rironi-Nakuru-Mau Summit superhighway

Motorists who wish to drive the entire Rironi-Nakuru-Mau summit superhighway will have to part with over Sh. 1,000. This has been revealed by the Cabinet Secretary for Transport James Macharia. CS Macharia says that users of the Mau Summit...

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BYD by CFAO: SBM Bank and Avenue Lease & Rentals E.A lead Kenya’s Green Mobility Drive with first fleet of Plug-in hybrid vehicles

BYD by Cfao Mobility Kenya has delivered its first fleet of five plug-in hybrid electric vehicles (PHEVs) to Avenue...