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CBK staff cleared over malicious Imperial Bank theft claim

Nairobi, Feb. 23 -- The High Court has overturned a Sh5.1 million award against the Central Bank of Kenya (CBK) over the alleged malicious prosecution of a former official linked to the suspected thef... Read More


US investor sues Nairobi developer over botched off-plan deal

Nairobi, Feb. 23 -- An American investor has sued a Nairobi property developer over a Sh225 million off-plan deal, alleging unfair termination after paying for seven units in a project marketed as "Na... Read More


CIC issues profit warning after Sh1bn gain in 2024

Nairobi, Feb. 23 -- CIC Insurance Group has issued a profit warning for the year ended December 2025, anticipating its net income to fall by at least 25 percent in the absence of a one-time investment... Read More


State seeks new African Development Bank funding

Nairobi, Feb. 23 -- The government is seeking new financing from the African Development Bank (AfDB) for various projects, deepening its borrowing from the multilateral lender. AfDB officials met wit... Read More


Eurobond buyback deal costs taxpayers Sh7.3bn

Nairobi, Feb. 23 -- Taxpayers have incurred a cost of Sh7.3 billion as an incentive offered to investors for early buyback of two existing Eurobonds and issuance of longer-term replacement bonds to fu... Read More


Bata loses pay fight with supplier over shoe-stitching contract

Nairobi, Feb. 23 -- Footwear manufacturer Bata Shoe has suffered a legal setback after the High Court declined to overturn an arbitration award in favour of leather supplier Yetu Leather Limited, with... Read More


Court backs sacking of bank official over suspicious cash transactions

Nairobi, Feb. 23 -- A former top employee of Access Bank has lost a bid to overturn her dismissal by the lender over suspected fraud. The Employment and Labour Relations Court ruled that the bank had... Read More


Insights into factors influencing corporate climate transition plans

Nairobi, Feb. 22 -- An organisation's climate transition plan outlines the roadmap to achieving its net-zero commitment. This commitment is usually derived from the UN's 2050 goal to achieve net-zero... Read More


Crisis as number plates shortage crosses 70,000 units

Nairobi, Feb. 22 -- The government has fallen behind in producing more than 70,000 number plates for motor vehicles, three-wheelers (tuk-tuks) and motorcycles, hitting dealers and consumers who in som... Read More


CEOs forecast increased hiring in expansion drive

Nairobi, Feb. 22 -- Corporate executives plan to hire more workers and upskill their current workforce this year to support expansions, a new survey by the Central Bank of Kenya (CBK) has disclosed. ... Read More