Business Daily

A third of Kenyan loan accounts are negatively listed as defaulted with the country’s credit reference bureaus (CRBs) in an economy where Covid-induced job cuts and business closures have pushed thousands of people into a debt trap.
Data from the CRBs show that the accounts negatively list…

Embattled Egerton Vice-Chancellor Prof Isaac Ongubo Kibwage has suffered a blow after the Employment and Labour Relations Court in Nakuru halted his planned inauguration.
Justice Helllen Wasilwa on Thursday while expounding her earlier orders said the orders for status quo suspended the im…

Nairobi MCAs have revived the plan to set up a special market for miraa traders in Nairobi. The MCAs said the crop has grown into a major revenue earner for the country, hence the need for a regulated market.
The ward representatives want City Hall and Nairobi Metropolitan Services (NMS) t…

For most Kenyans, consulting a doctor involves queuing for hours and sitting in crowded rooms.
Doctors are now offering an alternative, some sort of concierge healthcare, where they treat you from the comfort of your home, car, or office.
HealthX Africa launched virtual medical services,…

Mary Wambui Mungai, the woman in the centre of a Sh2.2 billion tax evasion case on Wednesday night escaped a police dragnet at Weston Hotel, where she has been residing.
According to a statement released by the Kenya Revenue Authority (KRA), Wambui, alongside her daughter Pur…

Kisumu is laying the groundwork to issue a county bond that will raise at least Sh1 billion, governor Anyang Nyong’o has said.
Prof Nyong’o told the Business Daily the county is also lining up possible projects for funding through the public-private partnership (PPP) model ah…

SBM Bank has sent home a number of employees in a mass layoff after failing to reach their targeted number under the voluntary exit window.
The lender which bought Chase Bank three years ago announced a voluntary exit scheme in October and is following up with redundancies after it failed …

Domestic airfares have nearly doubled ahead of Christmas on increased demand with some routes recording full bookings in the days to December 25.
Ticket prices from Nairobi to Kisumu have risen to a peak of Sh15, 100 from as low as Sh6, 800 during weekdays and about Sh10, 000 on weekends. …

Cash-strapped Tuskys Supermarket has up to Christmas Day to reveal the identity of the mystery offshore investor seeking to buy it out or have it wound up.
High Court judge Francis Tuiyot has given the retailer 30 days from November 26 to reveal details of a restructuring plan that include…

The Central Bank of Kenya (CBK) will start controlling the interest rates of mobile digital loans and ban lenders who share personal data of defaulters under a new law that seeks to protect Kenyan borrowers from predatory lending.
President Uhuru Kenyatta on Tuesday signed into law the Cen…