The spectacle that was Nairobi Legal Awards 2021

NAIROBI, Kenya Nov 30 –  On Friday night all the brightest legal minds met in Nairobi for a night of celebration in a black tie event.  Of course, all of the fun began on the red carpet – the walkway of the stunning. When it’s time to make a statement, big or small, this is […]

DCI calls for suspension of two KPA managers amid theft probe

DCI Calls for Suspension of Two KPA Managers Amidst Theft Investigations

Directorate of Criminal Investigations headquarters along Kiambu Road, Kiambu/ Twitter photo.  NAIROBI, Kenya, Nov 21 – The Directorate of Criminal Investigations (DCI) has called for the suspension of two Kenya Ports Authority (KPA) managers over a suspected container smuggling racket at the port of Mombasa.  DCI says the two managers should temporarily be removed from […]

KCB Group profits more than doubles in Q3 of 2021

KCB Group CEO & MD Joshua Oigara/ Courtesy.  NAIROBI Kenya, Nov 21– KCB Group Plc has posted a 131 percent jump in profits in the nine months ending September 2021 attributed to higher income and economic recovery from the Covid-19 pandemic.  Net profit hit Sh25.2 billion in the period under review compared to Sh10.9 billion […]

KCB to buy out minority shareholders in Rwanda subsidiary

KCB To Buy Out Minority Shareholders in Rwanda Subsidiary

KCB Group CEO Joshua Oigara (right) Chairman Andrew Kairu (centre) and Group CFO Lawrence Kimathi during the release of the full-year result/ Courtesy.  NAIROBI, Kenya, Nov 21– KCB Group has announced plans to buy out a 24 percent stake owned by minority investors in Banque Populaire du Rwanda Plc (BPR) next year. This follows its […]

Lifestyle audit of Kenya Power employees begin

Lifestyle Audit of Kenya Power Employees Begin

Kenya Power employees attending to a faulty transformer in a city estate. Photo/PD NAIROBI Kenya, Nov 21 – Employees and their spouses at Kenya Power have been ordered to present their official financial and asset records to the Human Resources Department, signalling the beginning of a lifestyle audit amidst fraud allegations.  In a memo to […]

Co-operative Bank Q3 profit hits Sh11.6 billion

Co-op Bank Third Quarter Profit hit Sh11.6 bn

Co-operative Bank Group Managing Director and CEO Gideon Muriuki./ Courtesy.   NAIROBI, Kenya, Nov 19 – Co-operative Bank Group’s net profit went up by 20 percent to Sh11.6 billion during the third quarter of 2021 compared to Sh9.8 billion reported over the same period last year.  “The strong performance by the bank exceeds the pre-pandemic performance […]

Corrupt Civil Servants To Be Barred from Vying For Political Office In New Bill

New Bill seeks to barr corrupt officials permanently from public office

Lawmakers during a debate in Parliament/ parliament.go.ke NAIROBI, Kenya, Nov 18 – Corrupt civil servants are set to be barred from vying for political seats or holding public office in a new bill currently before Parliament.  The bill dubbed The Anti-Corruption and Economic Crimes (Amendment) Bill motioned by Moiben MP Silas Tiren is currently at […]

Imported goods to go up as shilling weakens further to the dollar

Imported Goods to go up as shilling weakens further to the dollar

CBK Governor Patrick Njoroge displays some of the new designs for the Kenyan currency notes/ CBK website. NAIROBI, Kenya Nov 18 – The Kenya shilling fell to an all-time low to trade at  Sh112.07 against the dollar attributed to weak inflows and strong dollar demand across sectors.   The weakening of the shilling signalling an increase […]

KRA surpasses October target collections by Sh12 Billion

KRA Surpasses October Target Collections By Sh12Bn

Times Tower building in Nairobi, Kenya/ Courtesy. NAIROBI, Kenya, Nov 8 – The Kenya Revenue Authority (KRA) exceeded its target collection in October by Sh12.1 billion to hit Sh154.3 billion against a target of Sh142.2 billion. The performance was pumped up by Customs & Border Control (C&BC) collections that went up to  Sh57.3 billion against […]

NBK commits to UN Global Compact Principles on Responsible Business

NBK commits to UN Global Compact Principles on Responsible Business

National Bank of Kenya (NBK) Managing Director Paul Russo/ NMG PHOTO NAIROBI, Kenya, Nov 17 – The National Bank of Kenya (NBK) has signed up to the United Nations Global Compact, committing to adopt ethical and responsible business practices in its operations.  Following the signing, the bank has committed to uphold and protect human rights, […]