Appeal court quashes Sh35m award to sick former police agency member A three-judge bench substituted the award made to Dr Major (Rtd) Shadrack Mutia Muiu with an order for striking out his petition.
PRIME DTB Group’s finance chief buys shares, ups stake in lender This is the second year in a row that Mr Jiwa is increasing his shareholding having held 60 shares till the end of 2022.
PRIME Court of Appeal halts insolvency petition against Old Mutual Holdings Mr Kibe sued the company seeking to compel it to buy his 1.544 million shares, together with interest of 18 percent.
Co-op Bank links 619 saccos to front office services Sacco members with FOSA accounts are able to access additional financial services, including withdrawing cash at ATMs and receiving salaries.
Stanbic Bank net profit falls 16pc on lower forex income The subsidiary of Stanbic Holdings Plc reported a net profit of Sh3.3 billion for the three months ended March down from Sh3.9 billion a year earlier.
Africa Travel enters Kenyan market with buyout of Pollman’s The market entry has been disclosed in a Competition Authority of Kenya (CAK) decision approving the 100 percent acquisition of the issued share capital of Pollman’s.
AG wants Omtatah’s petition on Sh4.6trn public debt struck out Omtatah sued former president Uhuru Kenyatta and senior officials in his government for loans amounting to Sh4.6 trillion that were borrowed during his tenure.
Lebanese firm Zakhem faces insolvency suit over Sh460m debt Azicon Kenya Ltd filed the petition before the High Court in Nairobi seeking to liquidate Zakhem International, over a debt of $3,560,857, which has been pending since 2020.
PRIME Sasini loss triples to Sh113m on stronger shilling in first half Sasini’s finance income dropped to Sh48.5 million from Sh203.5 million, leading to the larger loss.
PRIME Court order protects Tuju’s prime properties as new owner emerges Ultra Eureka Limited claims to have bought one of the properties at auction last year.
PRIME Steel manufacturers win as taxes on imports upheld In a petition filed by the Law Society of Kenya (LSK), the court was asked to declare that the suspension was unconstitutional and inconsistent with Kenya's regional international obligations.
Court of Appeal halts Kebs pre-exports inspection tender Kebs invited bids in January for the tender prequalification of Pre–export Verification of Conformity (PVoC) to standards for the year 2025-2028.
PRIME Bata loses ‘Toughees’ trademark legal, design fight to rival Umoja Bata sued in December 2017 stating that they were the designer and owner of school shoes manufactured, sold, and advertised under the trademark ‘Toughees’ for the last 15 years.
Ex-PS, 22 others acquitted in Sh47 million NYS theft case Mangiti and his co-accused had been charged with conspiring to steal Sh47.6 million from the NYS through irregular purchase of training materials for the service personnel in 2015.
PRIME Five banks fail to cut loan rates as CBK threatens fines Starting next month, CBK will impose daily fines on banks that deny borrowers lower rates despite repeated benchmark cuts.
PRIME Private firms to run county aggregation and industrial parks The CAIPS are expected to provide small-scale producers of various products with common production facilities and space for value addition.
Pakistan-based bank closes Kenya office in strategy shift BAHL becomes the second international lender to close its Kenyan representative offices following the exit of Rwanda’s Bank of Kigali in 2024.
PRIME Credit Bureau firm Metropol cedes business to new entity The Kenyan credit referencing market has had three licensed players including Metropol, Credit Reference Bureau Africa Limited and Creditinfo.
PRIME Consolidated, Access Bank face toughest task in meeting Sh10bn capital demand Amendments to the Banking Act in December 2024 required banks to raise their core capital to Sh10 billion over the next five years from Sh1 billion.
PRIME Court backs billionaire Rai family’s lockout of sibling The row is between Iqbal Singh Rai against his brothers Sarbjit Singh Rai, Jaswant Singh Rai and Jasbir Singh Rai.
Delmonte to buy firm transforming pineapple waste into treasure CAK says the referenced transaction met this threshold for mandatory notification and full analysis as provided for in the rules.
PRIME Dusit complex owner loses property over Sh9bn debt Court upholds takeover of Dusit complex by Synergy Industrial Credit.
Directline appoints new chief executive amid wrangles Kanyi replaces Evans Nyagah who left in 2023 and joined Equity Bank.
Home Afrika posts rare Sh133m profit on higher turnover The company says its 2024 result is a culmination of its four-year strategy to turnaround its performance from a decade-long run of loss-making.
PRIME NCBA records Sh266m gain from buyout of insurer AIG AIG is expected to make a significant contribution to the group’s earnings going forward.
