Cost of loans falls to lowest rate since 2005
Banks have cut the cost of credit to the lowest level in 15 years following the drop in the Central Bank of Kenya benchmark lending rate and a reduction in...
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Coronavirus: US to halt funding to WHO, says Trump
US President Donald Trump has said he is going to halt funding to the World Health Organization (WHO) because it has "failed in its basic duty" in its response to...
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International Finance Corporation buys Sh1.5bn Naivas stake
The International Finance Corporation (IFC) is set to acquire a minority stake in retail chain Naivas International Limited for $15 million (Sh1.5 billion). The global financier is part of a...
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Co-op Bank to pay shareholders Sh6billion in dividends
The Co-operative bank of Kenya has become the first listed lender to announce that it is paying dividends to shareholders before the AGM set for next week. The bank said...
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Metropolitan Sacco in trouble for withholding members dividends
As lenders prepare to pay its members dividends, troubled Metropolitan Sacco is up in arms with its members after withholding their dividends. The Sacco, which announced its earnings last week,...
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DT Dobie boss retires after 40 years at helm of motor dealer
Motor dealer DT Dobie executive chairman Zarak Khan has retired after serving the firm for nearly 40 years with the company. The 60-year old, who joined the company as a...
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Rough road for Ruto as Murathe returns to Jubilee
Deputy President William Ruto's fight to maintain control of Jubilee could be jolted by the reorganisation of a crucial party organ and the quiet return of David Murathe. Murathe, a...
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Pwani Oil, Kenya Pipeline Company to produce 60,000 bottles of free hand sanitizers
As the country intensifies the war on the coronavirus, Mombasa-based manufacturer Pwani Oil has partnered with Kenya Pipeline Company (KPC) to produce 60,000 half litre bottles of hand sanitizer to...
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Co-op Bank donates Sh100million towards Covid-19 Emergency Response Fund
Co-operative Bank of Kenya on Monday offered a donation of Ksh100 million to support ongoing efforts to combat Covid-19 in Kenya. The contribution will be given to the Covid-19 Emergency Response...
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Countries launch investment policies to counter COVID-19
UNCTAD's latest Investment Policy Monitor (IPM) shows that investment policy responses to the coronavirus pandemic vary from country to country. They include measures supporting investors and domestic economies in general...
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