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Money

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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Sidian Bank Q1 2025 net profit rises 250 percent to Sh557 million

 Sidian Bank has announced a profit after tax increase of 250 percent in the first quarter of the current financial year. In that period, profit after tax increased from Sh556.9 million from the previous year’s Sh159.1 million. The growth of Sidian Bank Q1 2025 net profit came as customer deposits increased by 61.9 percent to
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Naivas says no branch closed; accuses Nairobi MCAs of extortion

 Naivas Supermarket has said that none of its branches has been closed. This is after MCAs under the Nairobi Health Committee alleged that they were shutting down all Naivas Supermarket outlets in the city over expired goods. The retailer has now said that the allegations by the Nairobi MCAs are false and amount to a
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Safaricom: Govt hasn’t paid us a cent since award of UHC tender

 Safaricom CEO Peter Ndegwa has revealed that the government is yet to pay the telco for work done under the Sh104.8 billion Universal Health Coverage (UHC) tender it was awarded in 2024. Speaking during an interview with Citizen TV’s Yvonne Okwara, Ndegwa clarified the scope of Safaricom’s involvement in the UHC project and responded to
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TSC broke to hire 20,000 interns on permanent and pensionable terms

 Over 20,000 intern teachers are staring at a crisis after the Teachers Service Commission (TSC) revealed it lacks the necessary funds to absorb them on permanent and pensionable terms. Appearing before the National Assembly’s Departmental Committee on Education, TSC Director of Finance Cheptumo Ayabei revealed that the commission was not allocated funds in the 2025-
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