Category: Business News

August 16, 2019 0

CBK Governor Njoroge cautions the public of fake new currency

By mykenyancareers

NAIROBI, Kenya, Aug 16 – Central Bank of Kenya Governor Patrick Njoroge has admitted the presence of fake new currency in the economy. Speaking during the start of a sensitization campaign of the new notes in Kwale county, Njoroge urged Kenyans to memorize the unique features found on the new notes to avoid becoming victims of … Continue reading “CBK Governor Njoroge cautions the public of fake new currency”

August 16, 2019 0

Companies urged to implement new strategies of dealing with cyber security threats

By mykenyancareers

NAIROBI, Kenya, Aug 16- Cybersecurity experts have called for increased uptake in training cybersecurity professionals to help tame cyber crimes projected to increase in the coming years. Speaking at 6th edition of the AfricaHackOn cybersecurity conference held at USIU-Africa and Safaricom’s Head of Cyber Security, James Yogo noted that it was imperative for companies to … Continue reading “Companies urged to implement new strategies of dealing with cyber security threats”

August 16, 2019 0

Billionaire Humphrey Kariuki’s Accounts, Assets Frozen in Sh41B Tax Evasion Case

By mykenyancareers

The Director of Public Prosecutions (DPP) has successfully obtained orders preserving the properties and freezing all accounts of billionaire businessman Humphrey Kariuki. Mr Kariuki is facing Sh41 billion tax evasion charges and has since as stepped down as the chairman of his Janus Continental Group (JCG), an international conglomerate, comprised of market-leading companies in the Energy, Hospitality and […]

Ⓒ 2019 Nairobi Wire

August 15, 2019 0

KCB records 5pc net profit jump to Sh12.1bn

By mykenyancareers

NAIROBI, Kenya, Aug 15- Kenya Commercial Bank (KCB) has registered Sh12.7 billion in profit after tax in 2019 half year result, an upward improvement of 5 per cent from Sh12.1 billion registered during the same period last year. KCB Group Chief Finance Officer Lawrence Kimathi says the results were driven by growth in loan book and … Continue reading “KCB records 5pc net profit jump to Sh12.1bn”

August 15, 2019 0

CMA approves Kenya’s first Sh5bn unlisted Greenbond

By mykenyancareers

NAIROBI, Kenya, Aug 15 – Capital Markets Authority has approved Kenya’s first Sh5 billion unlisted green bond, which will be issued by Acorn Project (Two) Limited. According to the Authority, the approval will enable the government to raise funds to undertake sustainable and climate resilient development. CMA says the bond is structured as a restricted … Continue reading “CMA approves Kenya’s first Sh5bn unlisted Greenbond”