NCBA Bank Stories

Court orders fresh valuation in Thika land dispute between NCBA, State contractor
Carolyne Kubwa  |  Aug 23, 2025

The judge further ordered that an independent, court-approved valuer reassess the current market value of the contested Thika property, which had been...

NEMA launches crackdown on factories producing plastic bags
Lucy Mumbi  |  Aug 22, 2025

Manufacturers caught flouting the law now face fines of up to Sh4 million or imprisonment for up to two years.

Absa’s La Riba at 20: How Islamic Banking reshaped Kenya’s financial landscape
Amina Wako  |  Aug 22, 2025

Islamic finance is one of the fastest-growing segments of the global financial industry, with assets now surpassing USD 4.5 trillion, according to a r...

Two in three Africans will live in cities by 2050: How planners can put this to good use
The Conversation  |  Aug 21, 2025

National policymakers must treat urbanisation not just as a city issue, but as a national priority.

West Bank settler expansion scheme threatens Palestinian life: UN
UN News  |  Aug 21, 2025

OCHA said the wider occupied Palestinian territory (OPT) would feel the effect, with 18 Palestinian Bedouin communities put at a higher risk of displa...

CBK to suspend real time payments for three days due to system upgrade
Maureen Kinyanjui  |  Aug 21, 2025

This means that businesses, suppliers, contractors and individuals who do not process their payments before the set deadline will have to wait until M...

Absa launches women-only Islamic bank account to spur financial inclusion
Alfred Onyango  |  Aug 20, 2025

Absa Bank Kenya Chief Finance Officer Yusuf Omari said Sultanah is built for the visionary business woman that wants to bank ethically while meeting t...

Nearly half of Kenyan mobile users targeted by scams - World Bank
Maureen Kinyanjui  |  Aug 20, 2025

In Kenya, 49 per cent of mobile owners received at least one scam call or message during the year, often prompting them to share money or personal inf...

Kenya launches Islamic finance association to unlock growth in Sharia-compliant banking
Alfred Onyango  |  Aug 19, 2025

Spearheaded by Absa Bank, the new umbrella body seeks to close regulatory and operational gaps that have long slowed the sector’s growth.

Nutrition expert explains why bananas and avocados are berries, yet strawberries aren’t
Margaret Wanjiru  |  Aug 16, 2025

Dr Judy Jernstedt, a professor of plant sciences at the University of California, Davis, explained that the confusion around what qualifies as a berry...

East Africa flagged as hotspot for procurement fraud in AfDB-funded projects
Alfred Onyango  |  Aug 15, 2025

East Africa accounted for 33 per cent of all allegations, or just about 19 cases, the highest among all regions, followed by West Africa at 29 per cen...

Audit exposes Sh495 million in abandoned NG-CDF projects
Maureen Kinyanjui  |  Aug 15, 2025

In 18 constituencies, completed projects valued at Sh101.1 million had not been put to use, with the report describing this as wasteful expenditure an...

Mombasa water project sparks outrage in Mwembe Tayari over job promises, disruptions
Farhiya Hussein  |  Aug 14, 2025

According to residents, the trench digging has disrupted businesses, restricted access to shops, and damaged sections of pedestrian walkways.

KCB declares first-ever special dividend as profits for half year hit Sh32.3 billion
Alfred Onyango  |  Aug 13, 2025

The announcement on shareholder returns follows an eight per cent year-on-year growth in net profits, rising from Sh29.9 billion in the previous corre...

Loan defaults surged to 17 per cent in 2024 due to tough business climate - CBK
Alfred Onyango  |  Aug 13, 2025

In the period under review, gross loans issued by banks decreased by 2.7 per cent to Sh4.07 trillion from Sh4.18 trillion in 2023.

CBK cuts lending rate to 9.5 per cent in seventh straight easing move
Alfred Onyango  |  Aug 13, 2025

This marks the seventh consecutive rate cut from the historic peak of 13.0 per cent, as the regulator reaffirms its commitment to boosting economic ac...

Drugs, gangs, and land disputes are major threats to Kenya’s security -CS Murkomen
Maureen Kinyanjui  |  Aug 13, 2025

Murkomen said the comprehensive report from all counties will guide future policies, but the tours have already led to positive changes.

More women turn to digital loans as smartphone use spurs financial inclusion
Maureen Kinyanjui  |  Aug 13, 2025

Tala’s report reveals that 26 per cent of all borrowers accessed digital credit for the first time, with women making up most of this group.

KURA gives Garissa encroachers 30 days to vacate urban road reserves
Issa Hussein  |  Aug 12, 2025

KURA has identified critical violations along several roads in Garissa Town, including Bashal-Sambul Road, Sambul-Mikono Road, Miraa Road, Garissa Ndo...

11 banks fined for exceeding lending limits, failing capital requirements
Lucy Mumbi  |  Aug 11, 2025

The institutions breached 10 regulatory provisions, with most violations linked to lending more than 25 per cent of core capital to a single borrower....

Armed bandits kill 13 security personnel in northwest Nigeria’s Zamfara State
Bashir Mbuthia  |  Aug 10, 2025

The assault took place late Friday in Adabka village, Bukkuyum district, when bandits staged a large-scale raid and abducted several residents.

Kenyan shilling holds steady at 129 against the dollar for a year
Alfred Onyango  |  Aug 09, 2025

The local currency began its recovery in early February last year, after plummeting to a historic low of 160 against the greenback.

Energy transition faces stark reality as oil demand set to rise to 2030
Alfred Onyango  |  Aug 10, 2025

According to the think tank, the decrease reflects wider challenges, including underinvestment, limited access to electricity in some areas, and insti...

AfDB to lead Sh1 trillion funding drive for Ethiopia’s new airport
Maureen Kinyanjui  |  Aug 09, 2025

Set for completion in 2029, the airport will be the largest in Africa and is designed to handle up to 100 million passengers annually.

Kenyan banks tighten oversight of third-party tech firms amid rising cyber threats
Maureen Kinyanjui  |  Aug 08, 2025

Financial institutions are updating their contracts and improving monitoring systems to protect themselves from growing risks related to external serv...

Tough times for Nairobi hawkers as city county enforces new street trade restrictions
Barack Oduor  |  Aug 08, 2025

Downtown Nairobi is so disorderly that one might accidentally step on a hawker’s goods spread across the sidewalks—or even on a child who has slipped...

CBK targets rogue lenders with new draft regulations, seeks public feedback
Rachael Mutabasi  |  Aug 07, 2025

The proposed rules address key areas such as transparency in loan agreements, responsible use of customer data, effective complaint resolution, and fa...

Borrowers exposed to costly loans despite banks cutting interest rates by one per cent
Maureen Kinyanjui  |  Aug 07, 2025

According to data published by the Central Bank of Kenya (CBK), the average overall lending rate across 38 commercial banks dropped slightly to 15.78...

South African researchers warn exotic plants increase risk of urban wildfires
XINHUA  |  Aug 06, 2025

Exotic species that combine large, thin leaves with tall, woody growth and high retention of dry or dead foliage are of particular concern.

KeNHA revises Isiolo-Mandera road project, adds new features to enhance cross-border links
Abdirahman Khalif  |  Aug 06, 2025

The road, once complete, is expected to play a major role in connecting remote parts of Northern Kenya to national and regional markets.

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