07/16/2019

Kenyan banks face lower earnings as bad loans rise

Last year, the sector’s total income grew by a modest 3.3 per cent, a turnaround from a 4.8 per cent decline in 2017, largely buoyed by increased interest income on government securities, with the top banks investing heavily in Treasury bills and bo

07/14/2019

15,000 dead pensioners axed from State payroll

The State had been paying relatives and dependents of dead people retirement benefits, helped by the growing use of ATM cards and mobile banking, which do not require the physical presence of beneficiaries in banking halls.

07/14/2019

We are not paying ghosts, pensions chief tells auditor

About 221,590 claimants with irregular or no tax PIN were paid Sh44 billion, some 7,166 others with irregular identity cards got an undisclosed amount, with 232 claimants having shared Sh152.8 million, according to the report.