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NEWS

Wananchi Group to send employees home

NEWS Bizna Reporter -
The Wananchi Group has issued a letter to all its employees indicating that it will be sending an unspecified number of staff home. Wananchi Group...

NBK lost Sh. 300 million to fraudulent employees, cyber attacks

NEWS Bizna Reporter -
The National Bank of Kenya has revealed that it lost about Sh. 300 million to theft by employees and cyber attacks from hackers. “Operational losses...

KCB profit falls to Sh. 4.5 billion

NEWS Bizna Reporter -
Kenya’s largest bank by assets, KCB, has recorded a profit dip in the first quarter of 2017. The bank posted a net profit of Sh....

Livestock, TVs now to guarantee bank loans

NEWS Bizna Reporter -
Household goods, crops and livestock will now be used as security against bank loans. This is after President Uhuru Kenyatta signed into law a bill...

PrideInn Hotels face closure over Sh. 87 million leasing debt

NEWS Bizna Reporter -
The PrideInn Group of hotels is facing closure. This is after a Mombasa hotelier asked the High Court to wind up the PrideInn Group of...
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