Why Co-op Bank CEO earned Sh260m bonus

Why Co-op Bank CEO earned Sh260m bonus

Co-operative Bank’s chief executive Gideon Muriuki. FILE PHOTO | NMG Co-operative Bank’s chief executive, Gideon Muriuki, earned Sh260.3 million in bonus last year, the largest in the banking industry, under the bank’s performance-based reward system for staff. The lender says it rewarded the CEO for protecting shareholder returns while navigating the bank through the Covid-19 […]

KenGen distributes 1.9m tree seedlings to reduce carbon emissions

KenGen distributes 1.9m tree seedlings to reduce carbon emissions

• The report examines the impact of multi-national companies’ net-zero plans on their supply chain. • In her submission during the panel discussion, Miano emphasized the need for coordinated action across all sectors of the economy in transitioning to a net-zero emissions economy. KenGen employees participating in tree planting under the company’s Green Initiative Challenge […]

KenGen distributes tree seedlings in efforts to reduce carbon emissions

KenGen distributes tree seedlings in efforts to reduce carbon emissions

Kenya Electricity Generating Company PLC (KenGen) has distributed more than 1.9 million tree seedlings to communities and institutions as part of its efforts to reduce carbon emissions. KenGen’s Managing Director and CEO, Mrs. Rebecca Miano said the tree seedlings, which are equivalent to 3,167 acres of forest cover, have been distributed over the last seven […]

Firms to snub Kenya for not reducing emissions

Firms to snub Kenya for not reducing emissions

Director Climate Finance Unit at the National Treasury Peter Odhengo, Standard Chartered Bank Kenya Chief Executive Kariuki Ngari and his KenGen counterpart Rebecca Miano at the launch of the Carbon dated Report in Nairobi yesterday. [Edward Kiplimo,Standard] Kenya is among nations that risk being struck off from the list of suppliers of multinational corporations as […]

StanChart locks out borrowers with multiple mobile loans

StanChart locks out borrowers with multiple mobile loans

Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | NMG Standard Chartered Bank Kenya will lock out borrowers with multiple digital loans from its mobile lending app that will be unveiled in the coming days. StanChart chief executive Kariuki Ngari said the lender would not “overburden” borrowers with additional credit, citing elevated default rates […]