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IFC to lend flower firm Sh1.6bn for expansion

Nairobi, Feb. 2 -- Flower farm Star Bright Holdings is set to receive a €11 million (Sh1.6 billion) loan from the International Finance Corporation to fund additional investments in its farms in... Read More


Absa Bank Kenya poaches executive from Stanbic

Nairobi, Jan. 26 -- Absa Bank Kenya has poached from Stanbic Bank Kenya as it restructures its business, reflecting the rising competition for top talent in the banking industry. Absa has appointed R... Read More


Family Bank raises Sh8bn in oversubcribed private placement

Nairobi, Dec. 4 -- Family Bank of Kenya has raised Sh8 billion through a private placement with the entrance of new owners diluting older shareholders, including the family of its billionaire founder,... Read More