PRIME Why banks must seek Treasury’s nod before raising interest rates Supreme Court said approval of the Treasury before increasing interest rates ensures oversight so that consumers are not exploited.
Equity owners approve health cover unit creation Equity Group is expected to provide initial capital to the new unit with the disbursement of Sh800 million for the share capital of the health insurance unit.
Brookside now partners with hotels in market growth push KAHC membership mainly comprises star-rated hotels, restaurants, lodges, tented camps, and residential cottages, all big consumers of dairy products.
PRIME Huge debts choking efforts to revive distressed companies The number of petitions for liquidation of companies presented to court has more than doubled in the last nine years.
Shelter Afrique claws back from losses to post Sh128m profit Shelter Afrique's profit of Sh128 million is the second positive net earnings in over seven years.
Court directs liquidation of Blueshield Insurance Judge agreed with the Insurance Regulatory Authority (IRA) that the underwriter cannot be resuscitated.
JKIA parking system leaks revenue, says new audit The audit reveals that cash payments to attendants manning the airport exit points are seldom remitted to KAA.
Tuju wins motion to question bank official in Karen property fight Former CS says bank official statetment contradicts what the EABD has been stating and supports his case on the nature of the $9.3 million loans.
Car logbook loans provider Mogo among 7 new CBK licensees CBK says it has received more than 550 applications since March 2022.
PRIME Kenya satellite Internet uptake rises 64pc on Elon Musk’s Starlink entry The uptake of satellite Internet in Kenya grew 64 percent in the first three months of this year.
PRIME Why Thugge wants stiffer fines for errant bank CEOs CBK Governor Kamau Thugge has blamed soft financial penalties for breaches of the banking sector laws by commercial lenders.
PRIME PS contradicts Safaricom, Airtel on Internet outage A top government official has alleged that an Internet outage that hit Kenya may have been sabotage.
PRIME Equity excites staff with cash option in new share ownership plan This would allow employees to have immediate liquidity through cash out without going through the securities exchange.
Jubilee owners okay Sh1bn dividend Jubilee Holdings Limited shareholders have approved a record Sh1.03 billion dividend payout.
How reopening of schools hit telcos’ text messages cash CA reports that text messages sent per month per subscription dropped to 65.8 during the period under review from 70.4 messages.
Elon Musk’s cheaper data plan jolts Safaricom, Airtel Starlink has introduced a 50 gigabyte (GB) monthly data package at a rate of Sh1,300.
Mobile money subscriptions rebound after scrapping of Airtel transfer code The number of subscribers on mobile money platforms has rebounded.
EAPI majority owner gets 92pc backing in full buyout bid Canadian Overseas Packaging Industries Limited (Copil) has secured a 91.99 percent shareholder acceptance to take over full ownership of East African Packaging Industries Limited (EAPI).
Airline accuses Stanbic Bank of collapsing its business Eric Lugalia, Air Afrik Aviation managing director, the bank's move to freeze and reverse money led to the termination of a plane leasing agreement with Juba.
PRIME Banks to get up to 3 years to meet Sh10bn capital threshold Commercial banks will be given up to three years to raise their minimum capital tenfold to Sh10 billion.
Posta to proceed with e-clearing tender The Public Procurement Administrative Review Board has directed the Postal Corporation of Kenya (PCK) to proceed with a multi-million tender.
Kenya taps UN to develop one-stop e-investor shop Kenya plans a single online portal on which foreign investors will apply and register nearly all business permits.
Why court dismissed Swiss firm's bid in KEBS stickers deal Swiss firm Sicpa SA has failed in its bid to quash some clauses in a Kenya Bureau of Standards (Kebs) tender.
Hass found guilty of unfair dismissal of manager The Employment and Labour Relations Court has found Hass Petroleum Kenya Limited guilty of unfairly dismissing a former manager.
PRIME Heineken heads to court to bar Equity from paying tycoon’s Sh1.7bn award Heineken has moved to the Supreme Court seeking a stay of a decision granting Ngugi Kiuna more than Sh1.7 billion.