NBK partners with Davis & Shirtliff to offer financing for customers seeking to purchase water equipment

NBK partners with Davis & Shirtliff to offer financing for customers seeking to purchase water equipment

The National Bank of Kenya (NBK) and Davis & Shirtliff have partnered to offer sustainable credit financing to individuals, SMEs and community organizations seeking to purchase water equipment and solar systems. Under the partnership, NBK will extend credit to the customers to acquire water equipment, solar panels, solar back-ups, and solar water heaters from Davis […]

Police put KNBS in more trouble over Sh500m census fees

Police put KNBS in more trouble over Sh500m census fees

The national statistics agency has failed to account for Sh500 million that was spent on allowances for security personnel who oversaw the 2019 population census after police refused to provide expenditure details. Kenya National Bureau and Statistics (KNBS) director-general Macdonald Obudho told Parliament that it wired Sh500 million to the National Police Service to meet […]

Big banks seen swallowing smaller loss-making rivals

Big banks seen swallowing smaller loss-making rivals

Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become targets of acquisitions by their larger rivals over the next one-and-a-half years. The ratings firm says local lenders are witnessing a wide divergence in profitability, with 14 of the institutions in the smaller peer group reporting losses or negligible […]

Kenya: Ogeto Defends Treasury on Formation of Covid-19 Funds Board

Kenya: Ogeto Defends Treasury on Formation of Covid-19 Funds Board

Nairobi — Solicitor- General Kennedy Ogeto has defended the National Treasury, amid accusations that it erred in setting up the Covid-19 Funds Board, that was later turned into a Private Limited Company despite receiving and handling public funds. Ogeto told the Parliamentary Public Accounts Committee that the 12-member board was not formed in adherence to […]

Big banks seen swallowing smaller loss-making rivals

Big banks seen swallowing smaller loss-making rivals

Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become targets of acquisitions by their larger rivals over the next one-and-a-half years. The ratings firm says local lenders are witnessing a wide divergence in profitability, with 14 of the institutions in the smaller peer group reporting losses or negligible […]