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State takes on steel tycoons with new Sh220bn plants

Nairobi, March 27 -- The Kenyan government plans to spend Sh220 billion in the next five years to set up new iron and steel plants in a move that is likely to rattle private sector players in an indus... Read More


State rolls out sale of Development Bank of Kenya days after selling NBK

Nairobi, March 25 -- The Privatisation Authority has rolled out the sale of Development Bank Kenya (DBK), barely a month after the Cabinet approved the transfer of the ownership of the lender to priva... Read More


Revealed: KCB Group inks deal to sell National Bank

Nairobi, March 20 -- KCB Group is selling its subsidiary National Bank of Kenya (NBK) for an undisclosed amount less than five years after it acquired the lender in a rescue deal that was shepherded b... Read More


Banks face steep fines in terror financing war

Nairobi, March 19 -- Commercial banks and officials face steep fines for facilitating terrorism financiers as Kenya fights to lift itself from a global 'grey list' after its safeguards against the flo... Read More


US says IFC covering up sex scandal in Kenya schools

Nairobi, March 18 -- The US government has claimed that the International Finance Corporation (IFC) tried to cover up reports of child sex abuse at Kenya's Bridge International Academies moments after... Read More


US says IFC covering up sex scandal in Kenya schools

Nairobi, March 18 -- The US government has claimed that the International Finance Corporation (IFC) tried to cover up reports of child sex abuse at Kenya's Bridge International Academies moments after... Read More


New levy lined up for State contractors

Nairobi, March 15 -- The Treasury has introduced a new levy on contractors making supplies to both national and county governments, a shift likely to raise the cost of public procurement. New regulat... Read More


State gives small contractors window to split and share big tenders

Nairobi, March 14 -- Small Kenyan contractors have been handed an opportunity to fight for big-ticket State projects that are under the tight grip of moneyed Chinese counterparts after the Treasury pu... Read More


Relief as tribunal blocks taxes on weight-gain drugs

Nairobi, March 8 -- Patients using weight-gain drugs have been handed relief after the Tax Appeal Tribunal (TAT) blocked the Kenya Revenue Authority (KRA) from imposing taxes on the medications. The ... Read More


Co-op, NCBA, Family Bank top customer experience poll

Nairobi, March 6 -- Co-operative Bank of Kenya, NCBA, and Family Bank have been ranked top in a customer experience survey of the country's 39 commercial banks by the Kenya Bankers Association(KBA). ... Read More