James Oundo

Kenya borrowed Sh. 1.021 trillion in the 12 months to June 2021

Kenya Public Debt 2020: There is no quenching the Jubilee government's thirst for loans. In the financial year ended June 30 2021, President Uhuru Kenyatta's government borrowed an astonishing Sh. 1.021 trillion. Financial analysis from the Central Bank of Kenya...

Nairobi’s NextGen Mall put up for auction

NextGen Mall Auction: A section of the popular NextGen mall is set to be auctioned. The section that is set for auctioning by Garam Investments is located on the first floor of the building. It will be sold in...

Joe Wanjui, James Muguiyi make Sh. 3.2 billion from sale of UAP stake

Two Kenyan tycoons Joe Wanjui and James Muguiyi have pocketed Sh. 3.2 billion from the sale of their stake in UAP Holdings. The duo sold their stake of six per cent to South African firm Old Mutual Holdings for...

Safaricom completes Ethiopia entry, to operate as ‘Safaricom Ethiopia’

Telecommunications firm Safaricom has completed its entry into the Ethiopian market and will now operate as Safaricom Ethiopia. This is after the Ethiopian government incorporated and registered the business unit. The Safaricom Telecommunications Ethiopia PLC is the name designated to...

CBK calls for mobile loan defaulters to be listed on CRB again

The Central Bank of Kenya wants mobile loan defaulters to start getting listed on the CRB again. This is in contrast to an earlier move that had seen mobile loan defaulters removed from CRB after what was termed as...

Jimmy Wanjigi in court over Sh. 1.37 million clothes debt

Tycoon Jimmy Wanjigi is entangled in a Sh. 1.37 million clothes debt. He has now gone to the High Court to appeal a lower court’s verdict that ordered him to pay the money to Fazal – The Luxury Boutique,...

Fuel prices to be highest in Kenya’s history today if no subsidy is offered

July Fuel Prices Review: The cost of living could rise higher if the expected fuel price hike is implemented today. Estimates show that from today, fuel prices could rise to the highest mark in Kenya's history. This will be...

List of countries Kenyan passport holders can’t visit rises to 54

The list of countries that Kenyan passport holders cannot travel to has grown to fifty four. This is according to the latest report by the Henley Passport Index. The report indicates the number of countries that Kenyans can visit...

How Peter Munga became one of Kenya’s richest men

Peter Munga Wealth: Former Equity Bank board chairman Peter Munga, is arguably one of the richest Kenyans. His vast business empire and interests span across finance, insurance, education, and agriculture. His share holdings at the Nairobi Securities Exchange are valued...

Dan Githua: My new business after leaving Tuskys

Daniel Githua, the former CEO of embattled Kenyan supermarket chain Tuskys, recently co-founded Anko Retail, an e-commerce start-up where he is chief strategist. The platform was launched in February 2021. In this feature that was first published in, How we Made it...

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Co-op Bank named Kenya’s Best Retail and Digital Bank at Euromoney Awards

The Co-operative Bank of Kenya (Co-op Bank) has been named Kenya's Best Retail Bank and Kenya's Best Digital Bank...