Five Banks Fined For Handling NYS Fraud Money
The Central Bank of Kenya (CBK) has penalized five banks in relation to the recent National Youth Service scandal. The five banks, Standard Chartered Bank Kenya Limited, Equity Bank of [...]
Safaricom; A visionary telco built to last
In March, 2008 Safaricom did an initial public offering (IPO) that was oversubscribed by 532 per cent. That was a demand of Ksh 226b against the Ksh 51b that the [...]
Inhibitors Opportunities of the Big Four Agenda- Apex Africa
According to Apex Africa Capital Limited, the government’s Big Four Agenda will give Kenya a middle-income status. However, financing the projects under this initiative is a matter of great concern. [...]KCAA to Present New Drone Regulations to Parliament
The Kenya Civil Aviation Authority (KCAA) Director General Captain Gilbert Kibe said new regulations will be submitted to the National Assembly on the “use of Remotely Piloted Aircraft Systems (RPAS) [...]Potential Growth of Insurance Sector Through New Technology
Insurance companies are now being urged to invest and adopt new technologies in order to better understand the changing behaviour and needs of customers and tailor products that are more [...]Treasury Embarks on 2019/2020 Budget Making Process
Kenya's ministry of Treasury has announced that it will this week embark on the budget making process for the 2019/2020 financial year. The exercise is the second step of a process that [...]UK Based Blockchain lender Acquires Stake in Spire Bank Kenya, To Facilitate Crypto Banking
Nairobi-based Spire Bank has partnered with BlockBank to facilitate “a wide variety of international crypto banking activities.” The partnership will make BlockBank the first fully licensed crypto bank offering low-cost [...]Family Bank CEO David Thuku Resigns After Less than 2 Years on the Job
Family Bank Kenya chief executive officer (CEO) David Thuku has resigned, less than two years after taking over the reins of the tier two lender. The bank said Thuku's resignation was [...]Indians Living in Kenya Repatriate $137m Ahead of June 2019 Deadline
Wealthy Indians living in Kenyan are repatriating their money stored in Kutch banks ahead of the tax amnesty on foreign income of June 2019. According to the Times of India, [...]Court Declines to Stop Prosecution of Cytonn Founders Over Sh 1.1B Theft
The High Court has dismissed a case filed by four Cytonn Investment executives seeking to stop their prosecution for allegedly stealing about Sh 1.1 Billion from Britam in 2014. Britam [...]Taxify Kenya Update; Earnings Up 25%, 200 Female drivers, Plans to expand to Nakuru, Kisumu Eldoret
Mobile transportation Application, Taxify says it has recorded an increase in income despite slashing fares few weeks ago. According to Shivachi Mulenji, the company's Manager for East Africa, there has [...]Nation Media Shares Hit 13 Year Low!
Nation Media Group (NMG) shares fell to a 13-year low of Sh 73.5 on Monday ahead of the company's books closure this week. Its stock has plunged by more than [...]
