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KCB, fund managers create Sh388bn fund to sweeten investor exit

Nairobi, Aug. 5 -- A group of fund managers has set up a Sh388 billion ($ 3 billion) reserve aimed at buying out investors seeking to exit their stakes in firms through the Nairobi Securities Exchange... Read More


KCB, fund managers create Sh388bn fund to ease NSE investor exits

Nairobi, Aug. 5 -- A group of fund managers has set up a Sh388 billion ($ 3 billion) reserve aimed at buying out investors seeking to exit their stakes in firms through the Nairobi Securities Exchange... Read More


US issues fresh dengue travel alert for Kenya as cases rise

Nairobi, Aug. 5 -- The United States has issued a new health alert for Kenya due to an increase in dengue fever cases. This places the country back on the US Centres for Disease Control and Prevention... Read More


Troubled Kuscco ordered to refund Sh489 million to Mhasibu Sacco

Nairobi, Aug. 5 -- A tribunal has ordered the troubled Kenya Union of Savings and Credit Co-operatives (Kuscco) to refund a matured Sh489 million investment by Mhasibu Sacco Society Limited, piling pr... Read More


Short-term jobs rise as firms scramble to service new orders

Nairobi, Aug. 5 -- Private firms in Kenya stepped up recruitment of workers on short-term contracts in July as they raced to cope with rising new orders despite overall production contracting for a fi... Read More


The career detour that sparked a thriving deep-cleaning enterprise

Nairobi, Aug. 5 -- When Robert Okubo travelled to Washington, D.C., more than two decades ago, he had no intention of becoming a cleaning entrepreneur. He was a travel agent then, determined to promo... Read More


Tycoons in half of tenders keep names, office secret

Nairobi, Aug. 5 -- Businesses which secured over 57 percent of tenders in ministries and parastatals kept their identity, addresses and office location secret in breach of the law, raising fresh conce... Read More


Three bank CEOs face charges in Sh363m fraud suit

Nairobi, Aug. 5 -- The Office of the Director of Public Prosecutions (ODPP) on Wednesday said it will charge the CEOs of Co-operative Bank, KCB and NCBA for failing to report suspicious transactions i... Read More


KCB, fund managers to create Sh388bn fund to ease NSE investor exits

Nairobi, Aug. 5 -- A group of fund managers plans to set up a Sh388 billion ($ 3 billion) reserve aimed at buying out investors seeking to exit their stakes in firms through the Nairobi Securities Exc... Read More


Kenya's Sh63bn election Bill should worry more than just IEBC

Nairobi, Aug. 5 -- When the National Assembly's Justice and Legal Affairs Committee sent the electoral body back to the drawing board last month over its Sh63.95 billion budget for the 2027 General El... Read More