The Central Bank of Kenya has seized Sh8 billion (almost $80m) from Chase Bank directors who brought down the bank by gifting themselves interest-free loans.
Kenya Airways pilots defied a court order and agreement with management to stage a strike on Thursday.
All Kenya Airways flights could be grounded on Thursday if plans to stage a strike go ahead.
Chase Bank branches will reopen next Wednesday after KCB Group stepped up to become a majority shareholder in the fallen bank.
Budget airliner Fastjet has won Africa’s Leading Low-Cost Airline Award at the 23rd Annual World Travel Awards.
British non-profit organisation Oxfam has accused World Bank of funding potential tax cheats in Africa.
Senators in Kenya have called on the Director of Criminal Investigations to question Central Bank of Kenya (CBK) governor Patrick Njoroge and senior officials following the collapse of Chase Bank.
Tanzania is set to begin exporting electricity to Kenya within the next two years, as part of a $300 million deal between the neighbouring countries.
A Kenyan retail bank has been placed under receivership by the Central Bank of Kenya (CBK) following financial difficulties.
A number of African nations have been implicated in the Panama Papers scandal, in which millions of leaked documents reveal the offshore tax havens of world leaders, high-profile politicians and some of the world’s richest.
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South Sudan on Thursday announced a deal with Sudan to […]
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