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Posta struggles to recover Sh2.2 bn debt despite State intervention

Nairobi, Jan. 21 -- The Postal Corporation of Kenya (Posta) has only recovered about Sh300 million of the Sh2.2 billion owed to it by State agencies, three months after the National Treasury directed ... Read More


Patients' boost as sickle cell fully covered in SHA package

Nairobi, Jan. 21 -- The Ministry of Health is set to fully integrate Sickle Cell Disease (SCD) into the Social Health Authority's (SHA) benefits package, a move that will reshape how care for patients... Read More


Nigerian banker replaces Kariuki Ngari as StanChart Africa chief executive

Nairobi, Jan. 21 -- Standard Chartered Bank has appointed Nigerian banker Dalu Ajene as chief executive for its Africa operations, replacing Kariuki Ngari, who had taken on the continental role in add... Read More


75pc of stocks trading handled by brokers' staff

Nairobi, Jan. 21 -- Three quarters of all trades executed on the Nairobi Securities Exchange (NSE) last year were channelled through the staff of stockbrokers, underlining the role of the market inter... Read More


Kenya leans on energy and transport taxes as green levies lag African peers

Nairobi, Jan. 21 -- Kenya is among the top collectors of environment-related taxes (ERTRs) in Africa, underscoring its capacity to mobilise climate-linked revenue even as the limited use of pollution ... Read More


KPC sets aside 290 million shares for its staff in IPO plan

Nairobi, Jan. 21 -- Kenya Pipeline Company (KPC) staff will have a chance to own a stake in the company after its initial public offer (IPO), through an Employee Share Ownership Plan (ESOP) pool that ... Read More


Court backs UN sacoo's decision not to renew contract of chief executive

Nairobi, Jan. 21 -- The Employment and Labour Relations Court has upheld the decision of the United Nations Sacco not to renew the contract of its former chief executive officer, dismissing claims of ... Read More


StanChart Kenya CEO Kariuki Ngari to exit in April

Nairobi, Jan. 21 -- Kariuki Ngari is set to exit his role as chief executive officer of Standard Chartered Bank Kenya on April 16. The board of the lender has announced the impending exit, which will... Read More


Why billionaire Muthoka sold logistics firm for Sh5.2bn

Nairobi, Jan. 21 -- Billionaire businessman Peter Muthoka has sold his airport services firm Transglobal Cargo Centre to Istanbul-based Celebi Aviation for Sh5.17 billion ($40.1 million), marking one ... Read More


Small investors get better price in Sh110bn NCBA buyout

Nairobi, Jan. 21 -- Small investors will get a higher buyout price of Sh105 per share in Nedbank's bid for a 66 percent stake in NCBA Group, with high-net-worth investors set to get a combined price o... Read More