PRIME Why Equity, KCB must sell 30pc DR Congo stakes The directive, known as Instruction 18, means that Kenya’s two biggest lenders must sell significant stakes within the next 20 months to comply.
PRIME Judge backs factory for rejecting farmer’s doubtfully high tea supplies The factory said it had discovered that the farmer had supplied an excess weight of green tea that could not be supported by the number of registered tea bushes as per the Tea Buying Centre By-laws.
PRIME CBK bid to quiz suspended pay service firm bosses fails CBK had sought permission to cross-examine the company bosses on their claims that the financial regulator infringed the firm's rights through the cancellation of its operational license.
PRIME Why tycoon Munga will lose Sh510m Britam shares to auctioneers The auction of his Britam shares marks the latest debt tussle for the billionaire investor, whose properties have previously been placed under auction.
Firm fights Kebs inspections tender, claims discrimination Kebs invited bids in January for the tender prequalification of Pre–export Verification of Conformity (PVoC) to standards for the year 2025-2028.
Comesa court blocks inauguration of new judges Ethiopian national Tewodros Getachew Tulu successfully obtained an injunction blocking the secretariat from proceeding with the preparations for the swearing-in of the judges-elect.
PRIME Banks have six months to meet new liquidity rules The banking industry has on average exceeded its liquidity requirement having ended January this year at a ratio of 56.9 percent, twice over the 20 percent statutory requirement.
PRIME Half of firms risks assets freeze over secret owners Delisted firms that own assets like land, homes, office blocks and cars would also be restricted from transferring the properties to third parties while having access for use.
PRIME Isuzu races ahead of Toyota as new car sales jump 49pc Isuzu sold 1,648 units in the three months ended March 2025, a 65.13 percent growth over 998 vehicles a year earlier.
Forex losses sink Bamburi into Sh905m net loss The cement maker saw its net loss widen from a Sh399 million net loss posted a year earlier.
PRIME How Tanzanian tycoons have pumped Sh45bn into Kenya economy Through acquisitions and greenfield investments, at least five Tanzanian billionaires have been engaged in a flurry of deals in the last six years
London honours Equity’s Mwangi for financial inclusion Mr Mwangi has been involved in shaping conversations about inclusive growth and opportunity beyond East Africa.
Twiga in new acquisitions to diversify product portfolio With the acquisitions, Twiga will ride on the countryside networks of the trio to expand the reach of its core food distributorship business.
PRIME Airtel gets January 2027 deadline to fix gaps in phone masts Mobile phone masts transmit and receive signals to and from adjacent masts, facilitating voice calls, text messages, and data transfer.
PRIME Restaurant directors sue Victoria Bank, seek Sh2bn compensation Ms Nina Shanghavi and her husband, Mr Jayesh Shanghavi, are jointly seeking compensation of Sh2 billion from the bank.
PRIME CIC revalues Kiambu land by Sh1bn amid delayed sale CIC began the process of selling the Kiambu land in November 2022 to use the proceeds to settle a Sh3.4 billion Co-op Bank loan.
PRIME How Congo local ownership rule has stalled NBK’s sale The CBK approval for the sale of NBK to the Nigerian banking giant removed the first hurdle in closing the multi-billion-shilling acquisition.
PRIME Tycoon’s road construction firm fails to block auction Nyoro Construction Company wanted the court to block the lender and its agents from attaching, selling, or interfering with its assets pending determination of the dispute concerning debt...
PRIME SBM Bank Kenya posts its first profit in a year SBM spent the whole of 2024 in red, closing with a net loss of Sh1.07 billion, in the period its parent company injected fresh capital worth Sh471 million.
Digital lender MyCredit gets Sh1.4bn funding Beneficiaries of the fund are expected to receive loans of up to Sh10 million with a tenor of 72 months/six years.
PRIME Complaints of withheld client funds double, lawyers on spot In its quarterly report, the Advocates Complaints Commission (ACC) says client complaints on withholding funds made up 64.4 percent of the 132 grievance files opened during the first quarter of...
PRIME Judges uphold decision to halt KLB’s new structure The corporation argued that the various roles created were critical in the publication and supply of learning materials to schools.
PRIME Win for NTSA as court refuses to quash vehicle inspection rules Currently, NTSA charges private car owners between Sh2,000 and Sh3,500 for inspection, depending on the engine capacity.
PRIME Judge faults DPP, police over estate WhatsApp group row According to a ruling issued by the High Court in Kibera, the police and Director of Public Prosecution (DPP) were deployed as pawns in a personal dispute between the leader of Phenom Park Estate...
PRIME Kenyan banks expand traders, investors global payment options In the latest development, Stanbic Bank Kenya’s parent company Standard Bank revealed that it would join China's global interbank payment system (CIPS) by the end of 2025.
