Under the Employee Share Ownership Scheme (ESOP), Equity Group has distributed to its employees 5% of the company’s total shares, worth Sh10 billion. Through immediate cash...
The World Bank has cautioned Kenya’s government about the private sector’s continued exclusion from the local debt market as a result of excessive borrowing. The multilateral...
Six candidates have been shortlisted for the job of chair of the Central Bank of Kenya Board of Directors by the Public Service Commission. The six include...
The law firm of Harit Sheth Advocates claims that the decision to order NIC Bank to pay Sh76 million for refusing to honour a check 14...
Given the large number of excess reserves that lenders held at the end of last week, the rate at which banks borrow from one another in...
The Central Bank of Kenya (CBK) increased its benchmark lending rate by one percentage point on Monday, bringing it to 10.5 percent, potentially raising the cost...
In order to provide customized covers and better service, Jubilee Holdings will invest Sh2.25 billion in digital transformation, including robotics, artificial intelligence, and data analytics. The...
KCB Group has entered into a deal with a pan-African payment platform to facilitate settlements of cross-border transactions on the continent. This was agreed upon yesterday...
Household bank deposits have surpassed Sh2 trillion for the first time, indicating that individuals’ cash holdings have grown over time. According to new Central Bank of...
A special economic zone (SEZ) license has been granted to investment company Centum, covering more than half of its Two Rivers development in Nairobi. Centum is...