(NAIROBI, KENYA) – Four Kenyan lenders, KCB Group, Equity Group, Co-operative Bank of Kenya and Stanbic Holdings, have been included among the world’s best performing banks in the latest Forbes ranking. The institutions were assessed using financial information, desk research and data provided directly by participating banks. To qualify, KenyanContinue Reading
(NAIROBI, KENYA) – Kenya’s High Court has dismissed a lawsuit filed by the Consumer Federation of Kenya (Cofek) seeking refunds from Stanbic Bank for revellers who attended a music festival organised by the lender in Nairobi on 10th June 2023. The consumer lobby group had claimed that hundreds of fansContinue Reading
(NAIROBI, KENYA) – Banks and Safaricom accounted for 80.2 % of all dividends paid by companies listed on the Nairobi Securities Exchange in the last full financial year, confirming their place as the top choice for investors seeking steady income from equities. The 12 listed banks and the telecoms operatorContinue Reading
(NAIROBI, KENYA) – Bank of Baroda has returned to the High Court seeking a review of a decision that left it facing a KES 2.99 billion ($23.1 million / £17.8 million) default judgment in favour of Infinity Industrial Park. The lender says it failed to file its defence in theContinue Reading
(NAIROBI, KENYA) – The High Court has cleared National Bank of Kenya (NBK) to take control of leather manufacturer Zingo Investments’ business and assets in a long running $5.6 million (KES 733 million / £4.4 million) debt dispute. The court ordered Zingo to hand over its premises, management, books, records,Continue Reading
(NAIROBI, KENYA) – Standard Chartered Bank Kenya has moved to take control of rental income from four properties linked to collapsed retailer Nakumatt Holdings as it steps up efforts to recover more than KES 1.9 billion ($14.8 million / £11.5 million) in unpaid loans. The bank has notified Nakumatt InvestmentsContinue Reading
(NAIROBI, KENYA) – The gap between what banks in Kenya charge on loans and pay on deposits narrowed to a 10 month low of 7.46 percentage points in July. The trend reflects pressure on lenders to balance lower borrowing costs for customers against the need to keep savers from movingContinue Reading
(NAIROBI, KENYA) – A former Diamond Trust Bank manager has lost a court bid to challenge her dismissal through a constitutional petition after the Employment and Labour Relations Court ruled she used the wrong legal route. Salimah Pirbhai had sued the bank in January 2026, claiming its investigation into suspectedContinue Reading
(NAIROBI, KENYA) – A legal fight over control of a multi-billion shilling industrial park on Nairobi’s Eastern Bypass has intensified between Bank of Baroda Kenya and Infinity Industrial Park. The dispute began with a KES1.976 billion ($15.2 million / £12.1 million) loan issued to Infinity in 2019. It has sinceContinue Reading
(NAIROBI, KENYA) – Co-operative Bank of Kenya customers borrowed KES2.4 billion ($14.7 million / £12.1 million) through digital overdrafts in the seven months to July, pointing to rising demand for short-term credit to cover cash gaps when paying bills and making purchases. The lender said the digital lending product, Kamilisha,Continue Reading
