Nairobi — Twelve suspects, among them eight Kenyans, three Rwandese and a Ugandan have been sentenced to eight years imprisonment for cyber-related crimes committed in Rwanda. The group was arrested in October 2019 by the Rwandan Investigation Bureau, while trying to hack into the Equity Bank System to steal clients’ money, according to news agencies […]
Nairobi — Twelve suspects, among them eight Kenyans, three Rwandese and a Ugandan have been sentenced to eight years imprisonment for cyber-related crimes committed in Rwanda. The group was arrested in October 2019 by the Rwandan Investigation Bureau, while trying to hack into the Equity Bank System to steal clients’ money, according to news agencies […]
According to Central Region Police Commander Larry Kieng’, the men went to the bank at about 7am am where they were ushered in by the Operations Manager and other staff/FILE NAIROBI, Kenya, July 6- Twelve suspects, among them eight Kenyans, three Rwandese and a Ugandan have been sentenced to eight years imprisonment for cyber-related crimes […]
KCB Group subsidiaries, KCB Kenya, and National Bank of Kenya (NBK) won 11 and 4 awards respectively during this year’s Think Business Awards . KCB bagged the top prizes in digital banking, product marketing and mortgage finance categories, while NBK was named first position in the special judges’ award for product innovation category. This was […]
A National Bank of Kenya branch in Nairobi. FILE PHOTO | NMG The National Bank of Kenya (NBK) has put up Mombasa tycoon Ali Punjani’s palatial Nyali home up for auction over a long-running debt which sources said is more than Sh1billion including interest and penalties. The eight bedrooms all ensuite, double-storey mansion with staff […]
An ongoing rebranding excise at Jamii Bora Bank branch in Nairobi CBD following the lender’s acquisition by Co-op Bank. PHOTO | COURTESY In the quarter closing on March 31, Kingdom booked a Ksh.126.7 million net profit climbing from a Ksh.200.9 million net loss in the full year ending in December 2020- the first disclosed annual […]
KCB Group has advanced the National Bank of Kenya a Sh3 billion long-term loan to help the subsidiary meet its minimum capital requirements. The Nairobi Securities Exchange-listed firm made the disclosure in its latest annual report. "In Kenya, the group injected Sh5 billion into National Bank of Kenya, the subsidiary the group acquired in 2019. […]
Mr Paul Russo. FILE PHOTO | NMG The transformation going on at the National Bank of Kenya is an interesting study on how to execute bank turnarounds. We must not forget that several past attempts to change the fortunes of the bank through expensive State-funded bailouts yielded zilch. So, when I met the managing director […]
Mr Paul Russo. FILE PHOTO | NMG The transformation going on at the National Bank of Kenya is an interesting study on how to execute bank turnarounds. We must not forget that several past attempts to change the fortunes of the bank through expensive State-funded bailouts yielded zilch. So, when I met the managing director […]
Kenya Airways CEO Allan Kilavuka (File, Standard) NAIROBI, KENYA: The Kenya Airways has made Sh36.6 billion after tax loss for the financial year ending December 2020 compared to Sh12.9 billion loss in 2019. The loss is attributed to the impact of Covid-19 pandemic. The loss exceeds the amount of money allocated to six counties combined […]
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