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Standard Media to ask for Sh1.5bn from shareholders in rights issue

 The Capital Markets Authority has given financially-troubled media house, Standard Media Group, the green light to hold a rights issue. In the upcoming rights issue, the Standard Media will be looking to raise Sh1.5 billion from shareholders. “The [Capital Markets Authority] has reviewed the documentation and information memorandum submitted in support of the application for
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“I won Sh 224k bet but in the morning I had nothing,” says Harrison Mwaura

 When Harrison Mwaura won a jaw-dropping Sh 224,000 from a single bet, he thought he’d hit the jackpot, literally. But by sunrise, all the money was gone. All he had left was regret, confusion, and a chicken he had bought for Sh1,000. Today, Harrison is an addiction counselor and he shared his gripping story on
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Bitange Ndemo: Govt clarifies its role in botched appointment of UoN VC

 The government has moved to clarify its role in the controversial appointment of Prof. Bitange Ndemo as Vice Chancellor of the University of Nairobi, amid confusion and backlash over the bungled recruitment process. Last week, a memo from the University of Nairobi leadership announced that Ndemo, who currently serves as Kenya’s Ambassador to the Kingdom
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List of top10 richest companies in Kenya, their market value

 A recently released report has named the most thriving companies in Africa. Notably, the Africa Top 250 Companies 2025 report by African Business showed that Kenya had 10 companies featured. The companies cut across telecom, banking, and consumer goods. Below is a snapshot of Kenya’s corporate titans, with their market values as of March 31,
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Make free transactions with Co-op Bank prepaid card: how to get started

 Arguably, most Kenyans, especially in urban areas, use cashless payments to make their day-to-day purchases, thanks to the high mobile penetration and increased financial literacy. While cash is still the dominant payment method in Kenya, its usage is declining as mobile money rapidly gains popularity and card payments slowly gain traction. While cashless payments have
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Co-op Bank Q1 2025 net profit rises 5.3 percent to Sh6.9 billion

 The Co-operative Bank of Kenya has announced a 5.3 growth in its net profit for the first quarter of the 2025 financial year. This is after the Co-op Bank Q1 2025 net profit hit Sh6.93 billion up from the Sh6.58 billion net profit that the bank had realized in the same period the previous year.
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Kuscco bosses took Sh192 million insider loans. See amount each took

 The senior staff and directors of the embattled Kenya Union of Savings and Credit Cooperatives (Kuscco) took insider loans of Sh192 million. This has been disclosed by the Cabinet Secretary for Co-operatives and Micro Small and Medium Enterprises (MSMEs) Wycliffe Oparanya. The Kuscco bosses breached rules and policy by allocating themselves loans that were over
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