Nairobi, Feb. 22 -- Treasury Cabinet Secretary John Mbadi has secured his choice to lead Consolidated Bank of Kenya after staging a boardroom coup in a row that entangled the regulator. The bank anno... Read More
Nairobi, Feb. 15 -- The World Bank's private sector investment arm, International Finance Corporation (IFC), plans to make an equity investment of up to $5 million (Sh645 million) in e-mobility provid... Read More
Nairobi, Feb. 11 -- CIC Insurance Group has raised Sh1.8 billion from the sale of 150 acres in Kiambu and Kajiado Counties, boosting its liquidity and unlocking gains from its portfolio of investment ... Read More
Nairobi, Feb. 10 -- Commercial banks are lobbying the Central Bank of Kenya to use profit after tax as a measure to calculate licence fees and drop its proposal to use revenues, a change that will see... Read More
Nairobi, Feb. 10 -- Commercial banks are expected to report lower profits in the current financial year ending December 2026 due to lower earnings from government securities and shrinking interest rat... Read More
Nairobi, Feb. 10 -- Three former bank executives have joined the boards of a mortgage lender and an insurance firm, hoping to transfer their experience there. Former KCB Group CEO Martin Oduor-Otieno... Read More
Nairobi, Feb. 5 -- Safaricom has raised its interim dividend payout by 54.5 percent, nearly matching its half-year profit growth in a move that will see the government pocket Sh11.92 billion ahead of ... Read More
Nairobi, Feb. 5 -- Safaricom has raised its interim dividend payout by 54.5 percent, nearly matching its half-year profit growth in a move that will see the government pocket Sh11.92 billion ahead of ... Read More
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
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