The 2019 merger between NIC Bank and Commercial Bank of Africa (CBA) to form NCBA Group was a landmark deal in Kenya’s banking sector. However, the exemption from stamp duty granted by then-Treasury CS Henry Rotich has returned to haunt former President Uhuru Kenyatta, with Kenya Kwanza leaders now accusing him of tax evasion and … Read more
Access to clean and reliable water remains one of the biggest challenges facing many households, businesses, farms, schools, and institutions across Kenya. With increasing population growth, climate change, and periodic water shortages, many property owners are turning to boreholes as a long-term solution to their water needs. A professionally drilled borehole can provide a dependable … Read more
Politician Peter Kenneth, lawyer Ambrose Rachier and city tycoon Amos Gichuki Ngonjo are set to receive $40 million (Sh4.98 billion) for the sale of their remaining stakes in Mayfair Bank to Egypt’s Commercial International Bank (CIB). The three are among the 32 investors who have agreed to sell their combined 49 percent stake in Mayfair … Read more