Prime News Kenya

Current Business News in Kenya: Banking | Economics

World Bank withholds Sh1b for lake conservation efforts

The quest to address environmental challenges facing the Lake Victoria Basin has been dealt a blow after World Bank withheld Sh1 billion for the third phase of Lake Victoria Environmental Management Programme (Lvemp).

Kenya Airways gets waivers after Sh77bn loan breach

National carrier Kenya Airways has obtained waivers from international lenders allowing the airline to breach liquidity ratios without suffering the penalty of having to repay debts worth Sh77 billion within one year.

Co-op Bank owners recoup capital from dividends

Co-op Bank’s owners will recoup their entire capital from dividends alone this year, with long-term investors such as Co-op Holdings, Co-operative Society and the lender’s CEO Gideon Muriuki recording the largest returns.

Equity Bank ranked the Best Bank in Kenya

Equity Bank emerged as the overall Best Bank in Kenya for the eighth time at this year’s Think Business Banking Awards, with Equity Group Managing Director and CEO Dr James Mwangi scooping the CEO of the Year Award for the third time consecutively.