Co-operative ranked 3rd most attractive bank in Kenya
Co-operative Bank of Kenya has been ranked as the third most attractive bank out of 38 commercial banks operating in the country. Cytonn 2019 Banking Sector Report showed the bank’s...
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Inside tough wars at Safaricom after Peter Ndegwa entry
A bitter management war has erupted at blue chip mobile phone service provider Safaricom Company just days after Peter Ndegwa assumed office as the new chief executive officer. According to sources,...
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Kenya sets up facility to treat health workers as cases rise to 281
The government has launched a special designated isolation and treatment facility for the healthcare workers at Kenyatta National Hospital in Nairobi. The facility, set up by the Ministry of Health...
Read moreCo-op Bank set to disburse State funds meant for vulnerable groups
Co-operative Bank of Kenya will Monday begin disbursing part of Sh8.75 billion State funds to the elderly and poor groups under the cash transfer programmes run by the Ministry of...
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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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