CBK Upholds Ksh392.5M Fine On Five Banks Due To Money Laundering Fears
Central Bank of Kenya has upheld its decision to fine five banks Ksh392.5 million in connection to loss of about Ksh4 billion by National Youth Service. KCB Group, Equity, Standard [...]
Sasini In Search For New Managing Director
Sasini PLC has embarked on a search for its new Group Managing Director after Stephen Maina Githiga notified its board he will not be renewing his current two year contract. [...]Kenyans Have At Least 7 Mobile Loans At Any Given Time Report
An average Kenyan borrower has more than 7 mobile loans, underlying the aggressive borrowing culture that has captured the nation. The recent Market Overview of Mobile Loans in Kenya report [...]Liquid Telecom Kenya launches 2018 Sustainability Report
Liquid Telecom Kenya has released it second 2018 sustainability report reflecting key strategies that have driven 20 per cent sales growth. Business internet services contributed to 56 percent of total [...]Government Urged To Review Its Policies On GMO
Stakeholders in the agricultural sector are now calling upon the government to reconsider policies made with regards to genetically modified foods, as they will prove counterproductive in the long run. [...]Enhanced Integration System For Safaricom's Lipa Na Mpesa Users
Safaricom has enhanced integration of Lipa Na M-Pesa as it seeks to provide its 2,500 merchants with better security features and accurate system. The improved system, for example, will see [...]Printing of Kenya's New Currency To Cost Ksh15 billion
Printing of the new generation currency will cost Ksh15 billion,the Central Bank of Kenya has said. De La Rue, after year-long long protracted legal battle to retain printing tender, will [...]KCB PAT For Q3 Increases By 19.6% To Ksh18B
KCB Group Plc profit after tax for the first nine months of 2018 surged to Ksh18 billion, representing 19.6 per cent growth driven by improved cost management and increased gains [...]Toyota Dealers to Make Direct Orders of Vehicles from the Factory
Dealers of Toyota vehicles in Africa can now order vehicles directly from the Toyota Motor Corporation factory without necessarily going through sales and marketing agents of the Japanese automaker. This [...]HassConsult's SH10 Billion First Phase Of Enaki Project To Kick Of In 2019
HassConsult Real Estate is set to undertake the first phase of its Ksh10 billion ENAKI project in the second quarter of 2019. The project will sit on a 22-acre piece [...]IMF's Lagarde Asks Central Banks To Consider Cryptocurrency
International Monetary Fund’s Christine Lagarde has implored central banks to consider issuing digital currencies. The use of cryptocurrency will offer immediate, safe, cheap, and potentially semi-anonymous transactions, she said at [...]Farmer’s Choice To Increase Prices Of Smokies By Ksh10
Lovers of Farmer’s Choice meat products should brace for sticker shock at various outlets as the firm’s management moves to increase prices from 25 November. Food outlets and other vendors [...]
