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Mauritius lender takes Chase Bank deposits at 6.65 per cent

The conclusion of the Chase Bank SBM deal after Central Bank adjusted lending rates has handed depositors a Sh150 million haircut after the rate was locked at 6.65 percent. When the deal was announced in...

Kenya Power asks customers to buy electricity tokens from its banking halls after system...

Kenya Power has asked its customers to buy electricity tokens from its banking halls after its system started 'experiencing delays in prepaid token generation.' A number of customers have been complaining that they have not...

Agha Khan fund nets over Sh200 million in Jubilee dividends

Jubilee Insurance top ten shareholders will carry home about Sh335 million in total dividends after the company posted a 15 percent rise in after-tax profits to Sh4.2 billion. Jubilee Holdings Board declared a final dividend...

Sale of Imperial Bank set to rekindle fight between regulator and former shareholders

Some insiders are speculating on the sale of Imperial Bank with expectations that fellow Ismailia lender Diamond Trust Bank will acquire it in a deal similar to State Bank of Mauritius Chase Bank take...

Kenya Power to enhance partnership with KAM to lower manufacturers’ energy costs

Kenya Power has renewed its commitment to partner with the Kenya Association of Manufacturers (KAM) to carry out regular energy audits among manufacturers to maximize production efficiency. The move is meant to encourage the growth...

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