Photo: Real estate guru Mwenda Thuranila, he is the CEO of Myspace ltd By Ephraim Njega via Facebook The people who used to forecast real estate bubble in Kenya must be really disappointed. As I have argued often for a bubble to burst there must be one in the first place. A bubble situation is […]

East Africa’s telco giant Safaricom has appointed Michael Joseph as its new board chairman. This follows the retirement of Nicholas Nganga after 16 years at the helm of the board (forced to retire?). The telco giant is expected to make the announcement public during its annual general meeting on Thursday at 11 am. The chairman […]

By Property Correspondent Banda Homes Ltd, the leading real estate developer, will hand over its new housing units to investors in September this year. The housing project on its final stages consists of 100 units of three bedroom bungalows master en-suite. Located on Kenyatta road, the new Pinewood estate housing units which were selling at […]

The Laikipia County Government and the Co-operative Bank of Kenya (Co-op Bank) have today launched the Laikipia Enterprise Fund with an initial kitty of Ksh 300 million, to offer affordable financing and business support to co-operatives and entrepreneurs in Laikipia County. To kick-off the Fund, the bank and the county government have entered into an […]

Co-op Bank has been pleased to note that the shareholders of Jamii Bora Bank, have pursuant to an Extra Ordinary General Meeting held on 1st July 2020 unanimously approved Co-op Bank’s offer to acquire 90% of the bank. This will be through the subscription of 224,153,154 new class of Ordinary Shares that would enable Co-op […]

By Silas Gisiora Nyanchwani An Appreciation Post. And some bragging. The first time I understood what the term ‘LANES’ means, was the day, feeling sufficiently romantic enough, I wanted to fetch the missus some good perfume for her birthday (could have been Valentine’s Day). So, I walked to the perfume shop in Capital Centre, and […]

Earlier this year, Absa bank Kenya published its updated fee schedule for banking customers in 2020 showing price cuts in withdrawal fees and entry-level banking. The Kenyan banking market had become highly competitive in 2019, particularly with host of new accounts targeting the entry-level (typically low-income) markets. Following a Kenyan government directive, Absa Kenya waived […]

One of the leading Savings & Credit Co-operatives in Kenya, Harambee Sacco has today launched instant card-issuance to members. This means that members of Harambee Sacco can, from today apply for and instantly receive a Visa Debit card and immediately start using the card to transact in the usual way at any Visa-branded outlet including […]

Kenya’s banking sector showed resilient performance despite the tough operating environment which was largely attributable to persistent revenue diversification. This is according to an analysis of the financial performance of listed banks done by the Cytonn Financial Services Research Team for the first quarter of this year. The report has also carried out a comprehensive […]

The hurried appointment of Safaricom CEO Peter Ndegwa has come back to haunt the board. Insiders say that enraged and bitter Vodafone stakeholders who missed out on the appointment are out to paint a dark picture of Ndegwa, using current board members to blackball him into submission or cause a munity ripple in the orgnaisation. […]