PRIME Britam Holdings reverses Sh2.1bn paper loss in HF investment In 2020, Britam had booked an impairment loss of Sh602.73 million in HF, coming after another impairment of Sh1.57 billion in 2018.
Ecobank Kenya set to offer wealth management services Ecobank Kenya is also set to relaunch its mortgage product before the end of June, in a bid to tap into the rising demand for housing.
PRIME Europe’s largest tour operator denied permit for charter flights The Dutch charter airline operates flights to various destinations such as Asia, North and South America, and Africa in Egypt and Cape Verde.
KCB picks first group head of strategy This marks the first time KCB is picking the head of strategy for the group, having traditionally operated with strategy directors across the subsidiaries.
PRIME Inchcape takes New Holland franchise from CMC Motors Inchcape entered the mass market in December 2023, when it launched passenger cars, vans and pick-up trucks of the Chinese brand Changan.
PRIME Kenyan banks ready to offer crypto deals, reveals CBK survey Banks have been missing out on revenue from virtual assets on the back of CBK barring them from facilitating such deals, even as multiple reports showed growing uptake.
PRIME Treasury, bank blocked from Uchumi Lang’ata In its court filings, the Treasury stated that the Ministry of Defence had expressed interest in the acquisition of the suit property.
PRIME Equity Bank fined Sh1m for losing borrower’s logbook The customer had used the logbook as security for a Sh500,000 loan.
PRIME KenGen boss admits two tribes dominate workforce Managing Director Peter Njenga assured MPs that steps are being taken to address the disparities.
PRIME Equity lobbies DRC against forced sale of 30pc stake Based on previous deals, Equity’s 30 percent stake is valued at a minimum of Sh42 billion, while KCB’s would go at least Sh8.86 billion.
PRIME Hands off Delamere land, court now tells the government The order remains in effect pending the hearing of a case filed by the estate’s trustee Jonathan Stewart Philip Coulson.
Hemingways expands to Rwanda with acquisition Demand for hospitality services continues to grow in the East Africa region, fueled by tourism and business conferences.
PRIME KDCI’s bid to block three law firms from Imperial Bank case flops KDIC wanted the law firms blocked from representing the directors and shareholders or the collapsed lender.
PRIME Flower firm loses bid to save its directors in fraud case The firm wanted the High Court to prohibit the Director of Public Prosecutions from continuing with the trial of Mr Shailesh Kumar Rai and Ms Ranjeeta Pandey Rai, who are accused of stealing the...
PRIME Mayfair Insurance bags ratings boost following earnings growth GCR notes Mayfair reported a 20.2 percent growth in revenue last year to Sh8.1 billion, outpacing the industry average growth of 10 percent.
PRIME Court dismisses ex-Scangroup chief Bharat Thakrar Sh4.5bn payout suit High Court has dismissed a Sh4.5 billion compensation suit by former WPP Scangroup CEO Bharat Thakrar for filing in the wrong court.
PRIME Court blocks prosecution of forex dealer in Sh215m fraud case Over the past decade, tech-savvy Kenyans have increasingly tapped into the global forex market through online platforms, giving rise to unregulated entities and rogue traders who take advantage...
PRIME Lagos-based firm to acquire 78pc stake in Sumac Microfinance Sumac was licensed as a fully fledged microfinance bank by the Central Bank of Kenya (CBK) in 2014.
PRIME NSE stockbrokers call shareholder meeting to oust chief executive The brokers, who own 20 percent of the NSE, accuse CEO Frank Mwiti of secrecy and sidelining the board in key decisions.
PRIME StanChart slashes jobs by half in 10 years amid automation StanChart has been encouraging workers to embrace hybrid working models.
PRIME StanChart CCTV captures cash in bags for NYS theft suspect Court filings show how the bank treated James Thuita as a high-level client who often withdrew millions of shillings in cash and carried it in bags to his cars.
PRIME Kenyan banks pre-tax profit flat at Sh73.5bn in first quarter Central Bank of Kenya data shows lenders posted Sh73.5 billion in pre-tax profit for Q1, matching last year’s figure.
PRIME Jubilee busts Sh400m fictitious insurance claims on AI use Insurer says its AI-supported fraud detection tool helped it toidentify and act on 536 suspicious cases.
PRIME Umeme to press Uganda for Sh37bn payout in London arbitration Uganda has only paid $118m amid conflicting positions on payout amount by Parliament, ERA and auditor general.
PRIME Court upholds Mohamed Adan pick as Portland Cement MD A judge has upheld the appointment of Mohamed Osman Adan as the managing director of East African Portland Cement (EAPC). Employment and Labour Relations Court judge Byram Ongaya ruled that Mr...
