Developer fights bank over Sh246m loan issued under Islamic banking laws
First Community Bank has been stopped from auctioning 19 apartments owned by one of its clients, who has accused the lender of violating Islamic banking...
Category : Business
Troubled Silverstone Air Returns As Directors Partners With Skyward And Githu Muigai For Renegade Air
Former Attorney General Prof Githu Muigai has partnered with Skyward Express and Silverstone Air directors to start Renegade Air, a new air transport company. According...
How banks doubled their profits in Covid-19 year
Local banks have in the last week been releasing their financial results for the first half of 2021, and the growth in their profitability at...
Irony of rich banks in an ailing economy
If you had Sh1,000 in August last year and used it to buy 30.3 Equity Bank shares, your stake in the lender would be worth...
Big blow to Shahbal as senators halt Buxton housing project
A Senate committee has suspended work on a Sh6 billion affordable housing project in Buxton, Mombasa, until evicted tenants’ grievances are resolved.null This is a...
Save prime hotels from ‘vultures’
Two major global hospitality brands, the InterContinental Hotel Group and the Hilton Group, plan to exit their investments in two of the oldest hotels in...
Board accused of laxity in marketing Kenyan tea abroad
The Tea Board of Kenya has been accused of laxity in marketing tea at international markets. Kenya Tea Growers Association (KTGA) chairperson Daniel Kirui has since written to the board’s director Peris Mudida,...
Struggling Britania Foods Limited goes into administration
Britania Foods Limited has officially gone under administration effective August 6, 2021. In a statement on Tuesday, audit firm PKF Consulting Ltd announced that Peter...
Con Game: How Peter Munga Received Sh135M For Britam Shares He Didn’t Own
IN SUMMARY The tycoon inked a secret deal with top officials of Mauritius government giving up the rights to earn dividends on the shares before...
KENYA : Central bank plans closure of Naushad Merali’s former jewel Spire Bank
Spire Bank hasn’t published positive results since it was sold to the Mwalimu National cooperative by its former boss Naushad Merali, the late CEO of...