Nigeria’s top lender, Access Bank, will acquire majority stake in Sidian Bank from Centum Investments for…
Category: Business News in Kenya
European Union revokes KQ plane servicing licence
The European Union Aviation Safety Agency (EASA) has revoked a licence it had granted Kenya Airways…
M-Pesa to transact in 200 countries after deal with Visa
Millions of M-Pesa customers can now pay for goods and services in more than 200 countries…
Pwani Oil closes plant, blames lack of dollars
Pwani Oil, the manufacturer of Freshfri, Salit and Fry Mate cooking oils, has temporarily shut down…
Revealed: Kenyan poacher tried in US made Sh865m
A 62-year-old Kenyan man who pleaded guilty to poaching charges in a US court and his…
KCB seizes English Point Marina over Sh5bn debt
KCB Group has seized Mombasa’s luxury property English Point Marina and placed Pearl Beach Hotels, the…
Kenya takes Sh138bn World Bank loan in months
Kenya took Sh137.93 billion from the World Bank and rich countries in four months to April…
Dollar shortage sparks parallel exchange rates
The shortage of dollars is triggering the emergence of parallel exchange rate that has seen lenders…
Central Bank raises interest rate to tame inflation
The Central Bank of Kenya on Monday raised its policy lending rate by a quarter percentage…
ARM Cement creditors suffer Sh11 billion loss
Lenders and unsecured creditors of the collapsed ARM Cement lost Sh11.5 billion during the distribution of…