Category: Business News
The High Court has cleared Diamond Trust Bank (DTB) Kenya to auction Tuskys Supermarket’s Athi River branch to recover a loan that has ballooned to more than Ksh 320 million. Justice Ngaah Jairus, delivering the ruling in Mombasa on October 24, 2025, dismissed an attempt by Tuskys’ guarantors, Peter Thuo and Nelly Ngonyo Kamau, to […]
NCBA Bank has launched a pilot program that allows musicians to use their songs, catalogues, and royalty income as collateral for bank loans. The new initiative, co-designed with celebrated producer Morris Kobia, popularly known as Motif Di Don, aims to fill chronic financing gaps in Kenya’s creative economy, an industry valued at Ksh110 billion annually […]
The Central Bank of Kenya (CBK) has explained why global oil prices increased in the week ending October 24, 2025. In its weekly bulletin, CBK said global oil prices have risen again, driven by escalating geopolitical tensions and supply challenges that have overshadowed earlier worries about weakening global demand. CBK said oil prices increased from […]
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