Police are looking for the directors of Melsco Travel Agency and Alisam Universe Travellers Limited who have conned millions of Kenyans in fake foreign jobs placement. Melsco Travel Agency is owned by Cynthia Chepkorir and his estranged husband and at one time operated from Kilimani area in Nairobi while AlisamContinue Reading
In new evidence filed in the Senate ahead of the DP’s impeachment trial beginning Wednesday morning, a witness said to have been Gachagua’s close associate, has described how the DP allegedly used him to acquire the Olive Garden Hotel. He allegedly paid Sh412 million for the property. Gachagua, in hisContinue Reading
Kenyan businesses and agencies hit by cybercrime were last year forced to part with an average of $4.35 million (Sh561 million) to restore their services, Communications Authority has revealed. This saw the country suffer losses amounting to $83 million (Sh10.71 billion), the second highest in Africa. Data by the NationalContinue Reading
Uncover, a rising skincare startup led by Kenyan entrepreneur Sneha Mehta, has raised $1.4 million in Seed II funding. The round, led by EQ2 Ventures and IgniteXL Ventures, aims to facilitate Uncover’s expansion into Ghana, Uganda, and the United States. News website Billionaires. Africa reports The $1.4 million capital injectionContinue Reading
A file photo of a Bamburi cementContinue Reading
Co-operative Bank of Kenya has posted a 5.2 percent growth in net profit to Sh23.2 billion in the financial year ended December 2023 on increased income and reduced operating costs. The net profit grew from Sh22 billion posted in a similar period last year. The board has, on the backContinue Reading
Co-operative Bank of Kenya will open 15 new branches this year, continuing with the expansion of its physical outlets across the country despite the rising preference for digital services. William Ndumia, the director of retail and business banking, said many of the branches lined up are at various stages asContinue Reading
Reclusive Billionaire businessman and Equity Group Founder Peter Munga is confronting yet another financial challenge as creditors move to auction off his multimillion-dollar properties in an effort to recover unpaid debts. This marks the latest chapter in Munga’s ongoing struggle with debt, which has seen him narrowly escape property auctionsContinue Reading
By The Splash Team Co-operative Bank of Kenya has posted a 5.8 per cent post-tax profit growth in the half year ended June to Sh12.1 billion compared to Sh11.4 billion it posted in the same period last year. During the period in review, Co-op’s interest expenses also increased significantly asContinue Reading
Safaricom (NSE: SCOM), and EDOMx have partnered to launch Faraja, a service that will enable more than 32 million customers buy on credit from businesses on Lipa Na M-PESA. Faraja enables customers to make purchases of between KSh. 20 and KSh. 100,000 at zero interest fee and complete the payment withinContinue Reading