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The five-star hotels country manager refusing to retire at 77

Nairobi, Sept. 8 -- Richard Kimenyi tried retirement. Then he tried consultancy. Neither felt suitable for him. And so, nine years ago, he stepped out of retirement. At 77, Kimenyi has no plans to lea... Read More


Lawyer awarded Sh1.5m for defamatory WhatsApp message from client's rival

Nairobi, Sept. 8 -- A magistrate's court has awarded a lawyer Sh1.5 million in damages after finding that a WhatsApp message sent by his client's opponent was defamatory and malicious. The court said... Read More


State seeks extra Sh650m to fill hole in Uhuru-era fund

Nairobi, Sept. 8 -- The government is seeking an extra Sh650 million from the Treasury in the next budget for the former President Uhuru Kenyatta-era Uwezo Fund, citing increased demand for its loans ... Read More


Kenya's curse of monetary expansion during elections

Nairobi, Sept. 8 -- In 1955, William Martin Jr, Chair of the US Federal Reserve (1951-1970), coined the phrase 'removing the punch bowl' in central banking. It describes the responsibilities of centra... Read More


Budget queries as 'crisis' spending hits Sh364bn

Nairobi, Sept. 8 -- President William Ruto's administration has clocked Sh364.24 billion in emergency spending over four years amid concerns over abuse of a constitutional provision that allows emerge... Read More


Former manager sues bank for pulling brother into office probe

Nairobi, Sept. 8 -- Most employees expect a workplace investigation to stay at work. For Salimah Pirbhai, a former Diamond Trust Bank manager, it followed her home, bringing her family into a dispute ... Read More


Commercial banks' loan margins fall to 10-month low on rate cuts

Nairobi, Sept. 8 -- The gap between what banks operating in Kenya charge on loans and pay on deposits narrowed to a 10-month low of 7.46 percentage points in July as lenders strike a balance between a... Read More


Investors pay a premium to switch Sh11bn into new bond

Nairobi, Sept. 8 -- Investors have paid the Central Bank of Kenya (CBK) a premium price to switch their holdings in a bond maturing in February 2028 to benefit from the higher interest rate and prefer... Read More


Centum new share buyback set below market price

Nairobi, Sept. 8 -- Centum Investment Company is taking a third stab at buying back 10 percent of its issued shares after previous attempts fell short due to the market price surpassing the buyback ex... Read More


Britam ready for dividends after clearing Sh5.8bn

Nairobi, Sept. 8 -- Britam Holdings has completed the elimination of accumulated losses from its balance sheet through a Sh5.87 billion reduction in its share premium account, clearing the way for the... Read More