Court stops Joho family firm Sh5.9bn grain facility at port Supreme Court has temporarily stopped the construction of a second grain bulk handling facility at the port of Mombasa.
Publisher wins copyright suit against ex-business partner The two former business partners at High Flyer Services Limited had been embroiled in a legal battle for over a decade.
PRIME BAT sells factory parts on nicotine pouch licence flop The firm had marketed the pouches as a safer alternative to its tobacco product that has been linked to increased risk of contracting diseases such as cancer.
Joho family company now sues KPA over Mombasa port shed The company is seeking a declaration that it is the registered proprietor of the leasehold interest.
KICD, Old Mutual targets teachers in financial literacy campaign The online programme is now available to all junior school teachers
PRIME Stanbic Bank eco-loans increase to Sh16 billion The amount was a rise from Sh12.5 billion disbursed a year earlier and the Sh6.5 billion it lent in 2021.
PRIME India firm Adani targets 18pc annual return in JKIA deal Adani is expected to build a second runway and a new passenger terminal.
Rural electricity scheme losses up to Sh56 billion Auditor-General Nancy Gathungu says the scheme is technically insolvent as its current liabilities hit Sh35.5 billion against Sh5.3 billion in current assets.
Bank admits withholding Sh294 million loan from Tuju’s Karen villas project Mr Odongo was being cross-examined over a statement he recorded with the DCI regarding the loan.
PRIME NCBA overtakes KCB, Equity in high value accounts The latest bank supervision report shows that NCBA’s high-net-worth accounts more than doubled to 416,481 in the review period, ranking it first in the number of wealthy clients.
Parastatal chiefs face fines for non-remittance of profits Kenya has 46 commercial State-owned entities, the majority of which are in the transport and energy sectors where they offer strategic functions.
PRIME Quarry seizure, collapse and businessman’s war with NCBA The businessman says he entered into several agreements with the lender between 2014 and 2018, and charged the land as security.
Heat on KAA as firms, KRA demand Sh14bn on contract breaches In its 2022/23 annual report, KAA notes that it is currently before the Attorney-General with the Kenya Revenue Authority (KRA), which submitted a tax assessment claim of Sh4.2 billion on air...
West Kenya to pay farmer for illegal deductions Court said the miller could not prove that it tilled Elvis Muruli’s land and supplied cane seeds.
Weekly protests hit seamless flow of cargo from Mombasa port More than 3,000 containers from the port of Mombasa are transported by road daily, with about 1500 being ferried using the Standard Gauge Railway (SGR) either to Nairobi County or Naivasha...
PRIME Kwale titanium’s revenue dips 42pc on lower exports Base Resources sales revenue in the quarter stood at Sh5.5 billion, compared to Sh9.6 billion in the quarter to June 2023
PRIME Billionaire Baloobhai expands stake in tea firm with extra 92,200 shares Mr Patel is in line to bank Sh12.8 million from the final dividend.
Equity, WFP target smallholder farmers with funds, training Through the Equity Group Foundation, WFP and Equity will provide training to value chain actors to help them access finance.
Britam adds benefits in insurance scheme for nurses, clinical officers Britam’s professional indemnity insurance includes a built-in Last Expense benefit.
StanChart earns Sh1.3 billion from green projects financing The lender said in its sustainability report for 2023 that the rise was occasioned by its expanded lending to sustainability-linked projects.
PRIME Microfinance banks suffer record loss as loans shrink Last year’s performance means that microfinanciers maintained their loss-making streak, having last posted a profit in 2015.
Court backs NBK plan to auction Nairobi Upper Hill Hotel Mr Wahome has been fighting to block the sale over the years and the matter has been heard up to the Court of Appeal.
Absa, KCB battle to control Savannah Cement assets Absa has sought temporary orders to block the KCB appointed receiver managers from interfering with Mr Kahi’s control and running of the assets of the company.
KDC to review interest on 1960s defaulted loans Interest and penalties on the defaulted loans of Sh511.3 million have ballooned to Sh30.45 billion, pushing the unpaid loans to Sh31.8 billion.
Kenyan banks ditch ATMs despite opening 36 additional branches Banks have been scaling down the number of the cash dispensing equipment and eliminating them altogether at some outlets.