Nairobi, June 17 -- Old Mutual Holdings lost Sh106.4 million due to fraud last year, revealing the pain cons are causing insurance companies. Fraud perpetrated by staff of the Nairobi-based insurer c... Read More
Nairobi, June 16 -- Kenya's top four banks last year made 6,058 new hires despite fears that increased digitisation in the sector would trigger job losses in an economy struggling with high unemployme... Read More
Nairobi, June 16 -- Family Bank founder Titus Muya and his associates will be free to sell their shares in the lender without restrictions once the company lists on the Nairobi Securities Exchange (NS... Read More
Nairobi, June 15 -- KCB Group fired 60 employees last year as it stepped up its war on fraud, with the staff linked to schemes targeting the lender and its customers. The lender had parted ways with ... Read More
Nairobi, June 15 -- Mary Kageni, a homeowner in Gikambura, Kikuyu, dreads rainy seasons. Each gathering cloud signals, but the likelihood of fresh damage to her flat-roofed house. A leaking roof has b... Read More
Nairobi, June 11 -- Struggling commercial banks have been given a three-year deadline extension to raise their core capital to a minimum Sh10 billion, offering reprieve to 23 small lenders that are be... Read More
Nairobi, June 11 -- Consolidated Bank of Kenya and Credit Bank loans to directors and employees have exceeded their core capital, resulting in breach of insider lending rules and possible regulatory a... Read More
Nairobi, June 11 -- Family Bank has set June 23 as its listing date on the Nairobi Securities Exchange (NSE) after receiving the Capital Market Authority's (CMA) approval. The mid-sized lender will b... Read More
Nairobi, June 10 -- The ratio of loan defaults to total lending in the banking sector shrunk to a two year low of 15.3 percent in May from 17.5 percent a year ago following write-offs of bad debt and ... Read More
Nairobi, June 8 -- Old Mutual Holdings is seeking to restructure its balance sheet with the goal of clearing accumulated losses, a decision that will allow it to pay dividends. The regional insurer p... Read More