Equity recovers 90pc of Covid restructured loans

The lender said last week that restructured loans worth Sh49.4 billion had been fully repaid by the end of September, while borrowers were servicing others worth Sh104.9 billion.


Protect real estate sector from risks — Regulatory authority

The Special Adviser to Lagos State Governor on Housing, Mrs Toke Benson-Awoyinka, disclosed this in a statement on Sunday to announce the third edition of a conference and exhibition programme for real estate practitioners and potential clients in Lagos.


Treasury orders removal of troubled Kenya Power board chair Yeda

The Kenya Electrical Trades & Allied Workers Union has constantly demanded the removal of Ms Yeda from the board arguing that she has been behind the company’s shortage of critical materials such as poles, meters and transformers through delayed


CBK raises cost of loans to rein in inflation

The new policy lending rate is the highest since November 2019 when it was pegged at 9.0 per cent at a time when the now scrapped interest rate controls were still in force.


Major lifeline thrown to Eskom

Diesel is needed to fuel Eskom’s open-cycle gas turbines, used to produce electricity during peak periods of demand across the nation. The turbines can cover around two stages of load shedding.


Old Mutual launching new bank in South Africa in 2024

The group already has existing lending and transactional solutions – an unsecured lending product and the Old Mutual Money Account – with the latter handled through a partnership with Bidvest Bank.


Transformation laws without end

Instead of giving his stance on the question, Nxesi said that transformation laws, such as the Employment Equity Act (EEA), would remain in place until such time as its main goals were achieved.