PRIME KPA to co-invest in Sh79bn Mombasa, Lamu port asset concession deals It wasn't immediately clear how KPA would fund its investment in the planned concession deals.
PRIME Kenyan lenders fall off list of fastest-growing banks in Africa Kenyan banks also missed out in the list of African banks with the top five return on assets - a parameter they previously dominated at a continental and global platform. Return on assets...
PRIME Court rejects ex-Safaricom worker claim after being axed on medical fraud She earned a gross monthly salary of Sh203,632 when the company dismissed her on September 23, 2021.
PRIME Kenyan model sues L’Oréal for Sh8m over use of her image on Gold Touch cream Ms Irungu has sued L’Oréal East Africa, a subsidiary of French cosmetics giant L’Oréal, and is seeking damages exceeding Sh8 million.
PRIME Why IRA, RBA plan lifetime medical cover for retirees The regulators say the plan aims to reduce the risk of exhausting their funds, as is common under the current model of buying annual medical covers.
PRIME Karauri, Quiver owner grabs quarter of matatu insurance Definite Assurance’s share of commercial public service vehicle (PSV) insurance market jumped to 25.03 percent in June 2026, from 4.74 percent a year earlier.
PRIME 14 Riverside owners suffer new blow in Sh10.6 billion debt fight The High Court dismissed a petition by the owners of Nairobi's 14 Riverside complex, which houses the DusitD2 hotel, challenging part of the Banking Act that excludes judgment debtors from...
PRIME Why Dangote finds the going easier under Ruto Dangote’s aggressive move marks a major departure from the period before Ruto became president, when his bid to establish a cement factory in Kitui was frustrated by the Jubilee administration.
PRIME How Dangote beat top oil firms to 24.7pc KPC stake With the acquisition of the 24.76 percent stake, Mr Dangote stands to earn an estimated Sh1.44 billion in dividends from KPC, which has proposed a payout of Sh0.32 per share.
PRIME Foreign investors cut KCB stake as locals add Sh2.1bn The reduction in the stake held by offshore investors came after a period of high capital gains on the KCB share, which has been among the best performing at the NSE with a 30.32 percent gain...
PRIME Ex-county accountant loses Sh207m in unexplained wealth case EACC investigations covered the period between January 1, 2013, and October 31, 2018.
PRIME BAT Kenya wins debt fight with distributor In September 2023, the High Court entered judgment against the distributor following an application filed by BAT Kenya in 2022.
PRIME Djibouti offers KenGen Sh129m first payment for five-year-old debt KenGen’s revenue from diversification sources, which includes drilling and consultancy services, fell to Sh122.1 million in the financial year ended June 2026, from Sh263.6 million in 2025 and...
PRIME Life insurance premiums surge 33pc lifted by NSSF, unit trusts The IRA attributed more than half of the increase in long-term premiums to two classes of business, being investments and deposit administration.
PRIME UK government arm buys a 6.5pc stake in Quickmart Quickmart is now the second largest retail chain in Kenya behind Naivas by store count and turnover, with an estimated 15 percent share of the market.
PRIME Vodacom to keep 55pc Safaricom stake as court hears appeal The High Court issued its decision, noting that the Treasury concealed material information regarding the sale of its 15 percent stake in Safaricom for Sh204.3 billion.
PRIME Husband driving company car costs ill worker her job Ms Vwamula was employed as a distributor, entrusted with a company vehicle while delivering coffee in the Mt Kenya region.
PRIME How bungled Nanyuki airstrip contract drew Sh1.2bn blow for KAA The court rejected KAA’s attempt to overturn the arbitral award as time-barred, ruling that the agency missed the deadline.
PRIME Judge quits Sh18bn dispute between KBC pension scheme and lawyer The judge recused herself after Mr Omoke applied, alleging a denial of fair hearing, although she found no evidence supporting his claim of judicial bias.
PRIME NCBA shares suspended for 9 days as Nedbank takes control The share price of the Nairobi Securities Exchange-listed firm closed at Sh85.75 on Monday.
PRIME Mystery investors transfer KPC shares worth Sh42bn The government priced the Kenya Pipeline’s initial public offering (IPO) at Sh9 per share for the offer that opened on January 19 and ran until February 24, with the shares opening trading on the...
PRIME Naivas, Quickmart and Carrefour take 60pc share in Kenya’s retail market Naivas led with a 31 percent market share in terms of estimated revenue in 2025, according to disclosures by Quickmart, citing market intelligence firm Sagaci Research.
PRIME Mudavadi group pays Absa Sh3bn for insurance firms For Mudavadi, Lamu Governor and their partner in First Assurance Investments Limited, the transaction will see them buy back the shares they sold to Absa (then Barclays Africa) in 2015 in a Sh2.2...
PRIME How Kenyans are making money in predicting inflation, lending rates Africa and Kenya are naturally seen as the next home for prediction markets, mostly from its youthful population and growing adoption of digital payments and smartphones.
PRIME Co-op Bank faulted for flawed sacking of poor performer The judge found that Stephen Mwaura’s poor performance justified his dismissal on September 25, 2018, but the bank breached procedure.
