Imperial Bank Liquidation Stopped By The High Court
NAIROBI, Kenya, Dec 27 – The High Court has ordered Central Bank of Kenya (CBK) to stop the liquidation of Imperial Bank (IBL) and directed the bank and Kenya Deposit Insurance Corporation (KDCI) to engage Imaran Limited and five other firms who are shareholders of the bank together with the stakeholders to jointly find a […]
DPP Haji Named Jurist Of The Year 2021
NAIROBI, Kenya, Dec 20 – The Kenya Section of the International Commission of Jurist(ICJ) has named Director of Public Prosecutions (DPP) Noordin Haji the Jurist of the year 2021. Haji was awarded for his achievement in adopting robust policies and strategic initiatives that have enhanced prosecution services, strengthened interagency coordination, regional and international network and […]
Kenya Ranked Top In Avocado Production
NAIROBI, Kenya, Dec 9 – Avocado exports generated Sh14 billion for the country in 2020 making Kenya among the top African exporter for the highly sought commodity in the world. This is according to the Horticulture Crops Directorate who revealed that the country exported 68, 000 tons of the fruit between January and October last […]
President Kenyatta signs three Parliamentary bills into law
NAIROBI, Kenya Dec 8 – Digital lenders will now be regulated by the Central Bank of Kenya(CBK) following President Uhuru Kenyatta’s assent to the CBK (Amendment) Bill 2021. The new act now gives the CBK powers to license digital lenders in the country as well as ensure the existence of fair and non-discriminatory practices in […]
New Law To Compel citizens to Separate Degradable and Non-Degradable Garbage
NAIROBI, Kenya Dec 7 – You will be charged Sh20, 000 or face six years in jail if you do not separate degradable and non degradable garbage, if the legal changes on waste management are adopted. The bill dubbed ‘The Sustainable Waste Management Bill, 2021’ makes it compulsory to separate garbage into organic, dry and […]
Kenya Power Turns The Heat On As Five Senior Managers Suspended
NAIROBI, Kenya Dec 6 – Five senior managers at Kenya Power have been suspended as a forensic audit at the company continues. This is according to a memo sent to Kenya Power staff by the acting Managing Director Rosemary Odour. The managers that include Aggrey Machasio, the general manager, Infrastructure Development, and GM Regional Co-ordination […]
MTN Uganda IPO Falls Short Of Target
NAIROBI, Kenya, Dec 6 – MTN Uganda has raised Sh16.94 billion in its Initial Public Offering (IPO), falling short of the target by 36 percent. In a statement the telco said it had offered 4.5 billion shares to investors who bought 2.9 billion shares, less than two -thirds of its target. MTN Group was selling […]
Uhuru fronts economic rebound in state of the nation address
President Uhuru Kenyatta addressing MPs during the State of The Nation Address on Tuesday November 30, 2021/ PSCU President Uhuru Kenyatta in his address to Parliament on Tuesday November 30, 2021 underlined a focus on revitalising and shielding the recovering economy from the negative impact of the Covid-19 pandemic. The President noted that his administration […]
Kenya At An Advanced Stage To Revise Sh1Mn Cash Transactions Limit
Central Bank of Kenya building in Nairobi/ Courtesy NAIROBI, Kenya Dec 1 – Kenya is set to revise the Sh1 million threshold for cash deposits and withdrawals in banks. Speaking in Parliament during the state of the nation address, President Uhuru Kenyatta said that the Central Bank of Kenya is at an advanced stage of […]
SMEs reprieve as EU Bank injects Sh6.3 billion into Co-op Bank
Co-op Bank CEO Gideon Muriuki/ Twitter. NAIROBI, Kenya, Dec 1 – The Co-operative Bank of Kenya (Co-op Bank) has signed a Sh6.3 billion deal with the European Union Bank to aid small and medium enterprises recover from the effects of the Covid -19 Pandemic. Co-op Bank Managing Director and Chief Executive Gideon Muriuki said the […]
