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The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.

Standard Group Plc HQ Office,
The Standard Group Center,Mombasa Road.
P.O Box 30080-00100,Nairobi, Kenya.
Telephone number: 0203222111, 0719012111
Email: [email protected]

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Cbk

Court dismisses bid to stop sale of Spire Bank

Teachers had invested more than Sh6 billion in the lender which turned into a black hole for their savings. Efforts to find a buyer or strategic investor to boost the bank are yet to materialise.

By Frankline Sunday 2 days ago

Court dismisses bid to stop sale of Spire Bank

Chase Bank directors, auditors fined Sh36m for botched bond

Chase Bank directors, auditors fined Sh36m for botched bond

By Frankline Sunday 6 days ago

Banks pay Sh129b in taxes as economy rebounds from pandemic

Banks pay Sh129b in taxes as economy rebounds from pandemic

By Macharia Kamau 6 days ago

Saccos member deposits up by 9.8pc to 564b

Saccos member deposits up by 9.8pc to 564b

By Graham Kajilwa 6 days ago

Microfinance bank cedes stake to US firm

Daraja MFB was granted a licence by CBK on January 12, 2015, to carry out community microfinance bank business within the Dagoretti area in Nairobi.

By Moses Omusolo 10 days ago

Microfinance bank cedes stake to US firm

State subsidies help spare borrowers from costly loans

The government recently introduced a subsidy programme on maize flour and has sustained another subsidy on fuel.

By Dominic Omondi and Macharia Kamau 13 days ago

State subsidies help spare borrowers from costly loans

SGR loan repayments leave Sh27b dent in forex reserves

FX reserves declined to Sh918.8 billion by the end of Friday from Sh942.9 billion after Treasury paid the part of the loan for the modern rail.

By Dominic Omondi 14 days ago

SGR loan repayments leave Sh27b dent in forex reserves

Aden Duale blames Treasury, CBK for dollar shortage

Garissa Town MP Aden Duale had pointed an accusing finger at the National Treasury and the Central Bank of Kenya (CBK) for the dollar shortage in the country.

By Dominic Omondi 17 days ago

Aden Duale blames Treasury, CBK for dollar shortage

Stanchart stares at Sh30 billion payout in dispute with pensioners

The retired employees first moved to court in 2018, demanding Sh14.9 billion arising from the conversion of their pension funds.

By Kamau Muthoni 21 days ago

Stanchart stares at Sh30 billion payout in dispute with pensioners

Why Kenya is teetering on the brink of a full-blown economic crisis

On Friday, Agriculture Cabinet Secretary Peter Munya, urged Kenyans, the biggest consumers of maize on this side of the Sahara, only matched by Malawians, to stop their over-reliance on the grain.

By Dominic Omondi 1 month ago

Why Kenya is teetering on the brink of a full-blown economic crisis

Uhuru tells Saccos to invest in State projects

Uhuru said reforms have since 2013 seen Saccos grow and increase their membership, deposits and end pyramid schemes.

By James Wanzala 1 month ago

Uhuru tells Saccos to invest in State projects

Ukraine war sees importers default on loan payments

This global crisis has contributed to a jump in prices of fuel, wheat flour, cooking oil, tissue paper, rice, fertiliser, detergents.

By Dominic Omondi 1 month ago

Ukraine war sees importers default on loan payments

How banks are making super profits in a tough environment

Banks have continued to report astronomical profits amidst a tough economic environment occasioned by the pandemic, drought, the Russia-Ukraine conflict and election jitters.

By Dominic Omondi 1 month ago

How banks are making super profits in a tough environment

Banks warn of more expensive loans as inflation climbs sharply

The regulator’s Monetary Policy Committee increased the Central Bank Rate (CBR) to 7.5 per cent at the end of May to tame inflation, which hit 6.47 per cent in April.

By Brenda Kerubo 1 month ago

Banks warn of more expensive loans as inflation climbs sharply

Kenyans move cash into dollar accounts as firms feel shortage

National Treasury blames manufacturers for the artificial shortage of dollars in the foreign exchange market following their public comments.

By Dominic Omondi 2 months ago

Kenyans move cash into dollar accounts as firms feel shortage

Number of bank accounts dips for the first time in 25 years

Many banks declare an account dormant if there is no owner-initiated activity after 12 months.

By Patrick Alushula 2 months ago

Number of bank accounts dips for the first time in 25 years

Regulator to settle claims against collapsed and struggling insurers

IRA has the mandate to ensure insurance firms do not run into liquidity problems, according to Justice Odunga.

By Kamau Muthoni 2 months ago

Regulator to settle claims against collapsed and struggling insurers

Treasury blames manufacturers for artificial dollar shortage

The dollar has generally been strengthening against other currencies, with capital fleeing from the frontier and emerging markets to the US where there are better returns.

By Dominic Omondi 2 months ago

Treasury blames manufacturers for artificial dollar shortage

Banks set to review their lending charges after CBK rate hike

The move by the Central Bank of Kenya (CBK) to raise its lending rate from 7 to 7.5 per cent could force banks to also adjust their charges.

By Antony Gitonga 2 months ago

Banks set to review their lending charges after CBK rate hike

Unpacking the CBK climate related risks management guidelines

There is growing need to support adaption measures because it is too late to avoid some impacts of climate change, especially in developing nations.

By Edna Kimenju 2 months ago

Unpacking the CBK climate related risks management guidelines

Islamic bank opens new branch in CBD in expansion drive

DIB has an agency partnership with Co-operative Bank that is aimed at increasing access to customers who are far from the bank’s branches.

By Peter Theuri 2 months ago

Islamic bank opens new branch in CBD in expansion drive

Sh695b of bank funds at risk as global benchmark rate ends

Banks are undertaking measures for a smooth transition to the new rates including reviewing legal loan contracts.

By Dominic Omondi 2 months ago

Sh695b of bank funds at risk as global benchmark rate ends

Safaricom digs in as CBK steps up plan to split telco

CBK is banking on the strategy to cut friction between customers and digital payments providers, boost interoperability between payment platforms, introduce transparency in pricing.

By Frankline Sunday 2 months ago

Safaricom digs in as CBK steps up plan to split telco

Nine banks on the spot over running afoul of Central Bank rules

This was a decline compared to 13 banks that were in violation of the Banking Act and Central Bank of Kenya (CBK) Prudential Guidelines in the year ending December 31, 2020.

By Dominic Omondi 2 months ago

Nine banks on the spot over running afoul of Central Bank rules

Just 2.5 per cent of bank accounts have more than Sh100,000

CBK report shows that, on average, an account in Kenya holds Sh66,071. Many Kenyans work in the informal sector where wages are generally low.

By Dominic Omondi 2 months ago

Just 2.5 per cent of bank accounts have more than Sh100,000

The big dividend drought at the Nairobi Securities Exchange

The triggers of the downturn of the once-reliable dividend payers vary. But the pain is the same: no dividends for shareholders.

By Patrick Alushula 2 months ago

The big dividend drought at the Nairobi Securities Exchange

Once ailing banks get new lease of life from the industry's 'big boys'

Lenders, including Jamii Bora Bank, National Bank of Kenya (NBK), Transnational Bank (now Access Bank) and Mayfair Bank, which were struggling to keep their heads above the water.

By Patrick Alushula 3 months ago

Once ailing banks get new lease of life from the industry's 'big boys'

Dollar rationing could be a sign of structural defects in the economy

Such pronouncements mean little to them as only a small population ever deals in forex currencies. The consequences of this rationing have far-reaching effects at household or individual levels.

By Patrick Muinde 3 months ago

Dollar rationing could be a sign of structural defects in the economy

Big ask for new investors in ending microlenders' streak of losses

MFBs have endured over six years of losses and last year was no different even as several of them welcomed new investors to try and stem the poor performance.

By Patrick Alushula 3 months ago

Big ask for new investors in ending microlenders' streak of losses

Sale of Spire Bank drags on as potential buyers fail CBK test

Spire Bank had accumulated losses of Sh9.19 billion as of September 2021 and had breached all capital and liquidity ratios.

By Patrick Alushula 3 months ago

Sale of Spire Bank drags on as potential buyers fail CBK test

CBK: Brace for tough times over fuel and Ukraine war

Kenyans should brace for tough times ahead after CBK Governor Patrick Njoroge hinted that the fuel subsidy programme might be cut.

By Dominic Omondi 4 months ago

CBK: Brace for tough times over fuel and Ukraine war

Local banks’ astronomical profits are a no-brainer

Are banks the best stocks to own, and are they inoculated against the economic cycles?

By XN Iraki 4 months ago

Local banks’ astronomical profits are a no-brainer

Central Bank rescues borrowers from fangs of digital loan sharks

Operators risk being fined for debt shaming as CBK moves to bring them under its regulation from September.

By Patrick Alushula 4 months ago

Central Bank rescues borrowers from fangs of digital loan sharks

Expensive loans in the offing as banks seek CBK approval to increase interest rates

Risk-based pricing model will see the cost of credit jump past the current 13 per cent, regulator sent back several banks to rework their models

By Patrick Alushula 4 months ago

Expensive loans in the offing as banks seek CBK approval to increase interest rates

CBK sets September as deadline for registration of digital lenders

Digital lenders have up to the end of September this year to register with the Central Bank of Kenya (CBK) or close their operations in the country.

By Patrick Alushula 4 months ago

CBK sets September as deadline for registration of digital lenders

How Kenya found itself in a political quagmire

It is widely anticipated that the rule of law is an essential component for economic growth and peaceful coexistence.

By Babere Kerata Chacha 5 months ago

How Kenya found itself in a political quagmire

Risk concerns over State domestic borrowing

Senate committee warns rising trend puts financial market at risk in case of a default, with Treasury borrowing heavily from banks and pension funds.

By Graham Kajilwa 5 months ago

Risk concerns over State domestic borrowing

Pension sector outlook positive despite election uncertainties

The Economic Recovery Strategy put in place after the Covid-19 pandemic signals some light at the end of the tunnel.

By Simon Wafubwa 5 months ago

Pension sector outlook positive despite election uncertainties

CBK pushes for competition against M-Pesa in new strategy

(CBK) will in the next four years work towards curtailing the dominance of Safaricom’s mobile payment platform M-Pesa.

By Dominic Omondi 5 months ago

CBK pushes for competition against M-Pesa in new strategy

CBK to push for more competition against M-Pesa in new strategy

National Payments Strategy aims to increase choice for customers by removing dominance.

By Dominic Omondi 5 months ago

CBK to push for more competition against M-Pesa in new strategy

Banking, a sector swift to jump out of crisis

Profits grew to a record high only a year after the Covid-19 pandemic shut down economic activities.

By Patrick Alushula 5 months ago

Banking, a sector swift to jump out of crisis

Was Covid-19 bad for business? Banks rake in billions in profits

The 2021 performance translates to Sh534 million daily profit for sector.

By Patrick Alushula 5 months ago

Was Covid-19 bad for business? Banks rake in billions in profits

Can bankers learn renewable tricks?

Oil and gas dealmakers, once the darlings of banking, must plot their own transitions to lower-carbon careers.

By Reuters 5 months ago

Can bankers learn renewable tricks?

Empty pockets: Big companies the new thorn in banks’ flesh

Previously stable corporates are failing to honour loan obligations, with lenders forced to seize assets.

By Patrick Alushula 6 months ago

Empty pockets: Big companies the new thorn in banks’ flesh

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