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Muya and allies free to sell their Family Bank shares on listing

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


EADB loses bid to recover Sh1.3bn from Kenya Bus Service Mombasa

Nairobi, June 16 -- The East African Development Bank (EADB) has lost its bid to recover Sh1.3 billion from Kenya Bus Service (Mombasa) Limited and its guarantors, bringing to an end a 23-year court b... Read More


Why the flat-roof craze is failing homeowners

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


Investors demand 9pc return on T-bills despite CBK move

Nairobi, June 15 -- Investors demanded a return of up to nine percent on Treasury bills in the latest auction despite the Central Bank of Kenya (CBK) holding its base rate at 8.75 percent, to signal t... Read More


Keroche loses another bid to block Sh45m ex-CEO payout

Nairobi, June 15 -- Keroche Breweries has suffered a fresh setback in court after it lost an attempt to block a Sh45 million payout to its former Managing Director Sam Shollei, deepening financial pre... Read More


Questions as Treasury mute on corporate tax, VAT reduction pledge

Nairobi, June 15 -- The National Treasury has remained silent on earlier promised tax reforms aimed at improving equity and predictability, including cuts to value-added tax (VAT) and corporation tax.... Read More


Del Monte wins Sh270m tax battle with KRA over forex losses

Nairobi, June 15 -- Agribusiness firm Del Monte Kenya Limited has won a Sh270 million tax dispute with the Kenya Revenue Authority (KRA) over deductions linked to foreign exchange losses arising from ... Read More


KCB fires 60 staff in war on insider fraud

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


Family Bank set to list on NSE at Sh30bn valuation

Nairobi, June 15 -- Family Bank Limited is set to list at a valuation of Sh29.9 billion or Sh18 per share, making it the eleventh largest bank by market capitalisation on the Nairobi bourse. Disclosu... Read More


Kenya plans wider ban on shisha imports, sales and advertising

Nairobi, June 15 -- The Ministry of Health has proposed new shisha control rules that would extend regulation from consumption to the entire supply chain, signalling Kenya's toughest anti-waterpipe to... Read More