PRIME Dealmaker Kenne owner of Nabo Capital acquirer Rock Investment Bank acquired the 60 percent stake in Nabo Capital at the end of June, ending Centum's majority ownership after more than a decade
PRIME Insurance broker ordered to pay Monarch Sh49m in premium dispute The dispute centred on the authenticity of cancellation notices, with both parties presenting forensic document examiners to analyse receipt stamps appearing on the disputed documents.
PRIME BasiGo targets upcountry EVs with four charging stations The company operates more than 10 charging stations in Nairobi, primarily serving its electric bus fleet.
PRIME Debt collection firm exits Sh113m bankruptcy Collection Africa’s total outstanding indebtedness as at September 30, 2025 stood at Sh113,215,080.
PRIME Safaricom Chief Financial Services Officer Esther Waititu quits She will leave Safaricom on July 31, 2026, ending a tenure that began in 2023.
PRIME Court shields KTDA from corruption probe over tea factory loans KTDA is owned by more than 600,000 smallholder tea farmers across 16 tea-growing counties.
PRIME Williamson, Kapchorua pay UK parent Sh582m royalties and dividends Both tea firms however dipped into retained earnings to make the dividend payments, having reported net profits that were lower than their total distributions.
PRIME Stanbic Holdings pays Sh1.1bn franchise fee to SA parent firm The franchise fee forms part of the annual payments Stanbic makes to its parent company, in addition to dividends.
PRIME SafariLink steps up fleet expansion as tourism boom fuels demand The expansion comes as Kenya continues to record robust growth in international tourist arrivals, boosting demand for domestic air travel to wildlife destinations.
PRIME M-Pesa joint venture in first Sh102m profit In Kenya, the M-Pesa platform has grown over the years to become the biggest revenue earner for Safaricom, ahead of voice and data services.
PRIME Safaricom wins affordable housing internet deal The affordable housing units will be connected through Wi-Fi Bamba, a tokenised fibre broadband service
PRIME Airtel loses fight against Safaricom's 10 cents tariff Globally, the MTR is viewed as the lowest cost possible for a voice call, deeming any tariffs below the rate as undercutting rivals.
PRIME Heineken beats Sh56m fee claim by its lawyers In rejecting LJA Associates' attempt to overturn an earlier decision by the taxing master dismissing the firm's bill of costs, the court found no basis for interfering with the taxing master's...
PRIME Stanbic taps Safaricom’s top strategy executive as CEO Stanbic said Mr Mutiga’s experience in strategy execution, corporate finance, business growth, stakeholder engagement and transformation would support the bank’s next phase of growth.
PRIME Banks to protect disputed funds after payment errors The court added that KCB's internal process of escalating the complaint from its headquarters to the branch "resulted in a delay that allowed the recipient to withdraw the funds."
PRIME Microfinance banks post deposit growth after 3 years The latest deposits held by the 14 deposit-taking microfinance banks regulated by the CBK mark a reversal of a prolonged decline that saw customer savings fall from Sh48.65 billion in 2021 to...
PRIME Banks dealt blow in fight over bancassurance charges ban The court struck out the petition without determining the legality of the circular itself. It held that the row was fundamentally regulatory and should first be heard through the statutory...
PRIME Insurer MUA Kenya to get extra capital after Sh1.6bn hole MUA says in the latest review of operations in 2025 and the first quarter of 2026 that the under-capitalisation of the Kenyan arm has constrained growth and customer acquisition and it is working...
PRIME Billionaire Kirima’s firm locked in rental income tax row The tax dispute arose after KRA reviewed the company's income tax declarations and disallowed deductions claimed for repairs, maintenance and security costs.
PRIME Court freezes Multiple Hauliers insolvency row in Sh532m debt claim The company’s broader insolvency dispute pits major secured lenders owed in excess of Sh16 billion –though the Official Receiver’s November 2024 report indicated that the total debts were in...
PRIME SA bank ready to buy more Absa shares in open market The pricing schedule released by Epra shows a subsidy of Sh5.08 and Sh14.72 per litre of petrol and kerosene, respectively.
PRIME Coca-Cola sued over marriage certificate requirement for spouse medical cover The judge said key questions were still unresolved and would need witnesses and interpretation of the CBA, past practice, and the Marriage Act before a final decision could be made.
PRIME EAPC gives squatters 30 days to pay for plots or vacate Payments for the regularised land payments are to be made to HFCB Properties Limited, which has served as a consultant for the exercise.
PRIME Tribunal curbs KRA's power to reopen ‘expired’ tax records Tribunal stated that KRA could not demand records or issue assessments beyond the five-year limitation period unless it pleads and proves fraud or tax evasion.
PRIME Safaricom’s Ethiopia partners have right to buy back 2.8pc stake Safaricom has projected that the Ethiopia business will break even by March 2027, as losses for the unit fell 35 percent to Sh21.2 billion in the year ended March 2026 from Sh36 billion a year...
