Nairobi, May 11 -- The National Treasury has allocated Sh1.125 billion to shore up capital for Consolidated Bank of Kenya, offering a boost to the State-owned lender that is currently in breach of reg... Read More
Nairobi, May 10 -- WPP-Scangroup Plc minority shareholders, including former CEO Bharat Thakrar, are seeking the ouster of the entire board of the marketing and communications firm, citing a string of... Read More
Nairobi, May 9 -- Kenya Reinsurance Corporation (Kenya Re) has been flagged for continuing to pay managing director Hillary Wachinga his full salary during a suspension period, in what the Auditor-Gen... Read More
Nairobi, May 6 -- Old Mutual General Insurance says its investment in artificial intelligence (AI) helped save about Sh400 million last year by streamlining routine tasks and flagging fictitious claim... Read More
Nairobi, May 5 -- Nearly a third of bank accounts have been closed for being inactive, freezing billions of shillings in the wake of data clean-up. Banks shut down 33.8 million accounts in the year t... Read More
Nairobi, May 5 -- Cash-strapped SIC Investment Co-operative plans to offload its undeveloped land to ease liquidity pressures and pay millions of shillings owed to investors. The co-operative, which ... Read More
Nairobi, May 5 -- Property developer Centum Real Estate (Centum Re) is counting on discounted fixed mortgage rates of 8.9 percent to boost sales of its housing units to buyers. Centum Re has entered ... Read More
Nairobi, May 4 -- Britam Holdings has increased its stake in HF Group after acquiring additional shares in a Sh355.42 million deal, marking a second consecutive year in which the insurer has raised it... Read More
Nairobi, May 1 -- Kenya Reinsurance Corporation (Kenya Re) plans to expand into the asset management business in a bid to diversify its revenues and reduce reliance on its core reinsurance operations ... Read More
Nairobi, April 30 -- President William Ruto is caught between a rock and a hard place as workers seek a 23 percent rise in minimum wage amid resistance from employers. Ahead of Friday's Labour Day ce... Read More