The Privatisation Commission received five bids to advise on a rights offer by state-owned Consolidated Bank of Kenya Ltd. as the government prepares to sell the lender to private investors.
Consolidated Bank, which was incorporated in 1989 by combining nine insolvent lenders, is among four banks that the government has previously said it’s considering selling.
The company plans to raise Ksh 2.5 billion ($25 million) in the second half of this year to meet rules on capital buffers. Its total capital as a ratio of risk-weighted assets stood at 5.8 percent in September, compared with a minimum of 14.5%.
Oxford launches guidebook for new curriculum
Oxford University Press (OUP) East Africa has, in partnership with teacher trainers, launched a free resource book in preparation for competency-based...
5 simple tricks Gordon Ogada used to win Sh230m mega jackpot
Gordon Paul Ogada, the guy from Kibera who won the SportPesa Mega Jackpot worth Ksh230,742,881 two weeks ago, is has...
Drivers to pay Sh5,000 for refresher course
NTSA will also subject the drivers to medical tests on conditions that my affect their daily duties in the road
Govt partners with Johnson & Johnson on cancer control
The National Cancer Control Strategy 2017-2022 is geared at reducing cancer incidences, morbidity and mortality in Kenya
Six-year-old boy creates high-tech computer game
EthanMan app is available for downloads on android play store for kids to read books and play games
Miguna makes fresh demand on passport
Judge Kimaru said the removal of Miguna Miguna from Kenya on February 6th was illegal and had no merit in...
Citizens to get Sh30,000 bonus as economy grows
Singapore expects an overall budget surplus equivalent to 2.1 percent of its GDP
Gold worth Sh100 million found at JKIA
The gold is alleged to have been in the custody of a 46-year-old Tanzanian man
Water crisis hits major towns as rivers dry up
Athi Water Services Board, which manages water resources in various urban areas, notes 75% of Nairobi residents do not get...
Ebola scare after a student dies in Keiyo South
County executive says they have already communicated with the ministry of Health headquarters and a sample sent to the Kenya...