Central Bank gets Sh27bn from third 3-year bond offer

Nairobi, May 29 -- The Central Bank of Kenya (CBK) has mopped a further Sh27.2 billion from the third auction of May's three-year bond. The second tap sale of the paper which closed on Friday had an ... Read More

Court spares ex-Chase Bank officials' assets

Nairobi, May 29 -- Kenya Deposit Insurance Corporation (KDIC) has been restricted from selling or transferring properties belonging to former officials of Chase Bank, alleged to have been acquired usi... Read More

Court orders Tullow to pay contractor Sh56 million

Nairobi, May 29 -- Tullow Kenya B.V. has been ordered to pay a construction firm Sh56.6 million arising from a contract for building works entered between the parties in 2015. High Court judge Joseph... Read More

Co-operative Bank executive named African Banker of 2023

Nairobi, May 29 -- Co-operative Bank of Kenya's Esther Kariuki has been named the African Banker of the Year for her role in advancing agriculture as a key sector for the listed lender. Ms Kariuki, w... Read More

Supreme Court declines to review contempt case against EABL bosses

Nairobi, May 29 -- The Supreme Court on Friday declined to review a decision directing officials of East African Breweries Ltd, including chief executive Jane Karuku, to appear before the High Court f... Read More

KCB boosts National Bank with new Sh4bn capital

Nairobi, May 29 -- KCB Group provided an additional loan of Sh4.1 billion to its local subsidiary National Bank of Kenya in the first quarter ended March, helping to lift the unit's capital ratios abo... Read More

Titanium miner eyes Tanzania as Kenya withholds licences

Nairobi, May 29 -- Kwale miner Base Titanium has shifted its exploration for new mineral resources to Tanzania as Kenya maintains a ban on issuing new licences. The firm says the activities at the Ta... Read More

IMF terms for new Sh75 billion Kenya loan pegged on reforms

Nairobi, May 29 -- Kenya will not tap into its new $544.3 million, about Sh75.3 billion, loan facility with the International Monetary Fund (IMF) until November when the first review of agreed policy ... Read More

Why fast food chains are fighting for Eldoret town

Nairobi, May 29 -- The taste of a fat juicy burger has seen the deliveries of the delicacy increase across the country and Eldoret has not been left behind. Data from Spanish delivery firm Glovo show... Read More

SRC declines Sh2.8 billion pay raise requests in first quarter

Nairobi, May 29 -- The Salaries and Remuneration Commission (SRC) declined a Sh2.82 billion worth of requests for increased pay by civil servants in the three months that ended March as the country ba... Read More