National Bank inks Sh1.1bn loan insurance for small businesses

Companies National Bank inks Sh1.1bn loan insurance for small businesses Tuesday November 08 2022 A National Bank of Kenya branch in Nairobi. FILE PHOTO | NMG National Bank of Kenya (NBK) has signed a Sh1.13 billion insurance deal with the African Guarantee Fund (AGF) against loan defaults associated with lending to small businesses. The loan … Read more

Foreigner, three Kenyans fight over unfrozen Sh2.3 billion

Economy Foreigner, three Kenyans fight over unfrozen Sh2.3 billion Tuesday November 01 2022 Three Kenyans are locked in a court battle with a woman from the Southeast Asian nation of Laos over Sh2.3 billion held in Ecobank accounts after the State withdrew a petition that had frozen the cash on money laundering fears. The three Kenyans … Read more

Nigerians sue over Sh1.4bn Flutterwave cash frozen in Safaricom, banks

Economy Nigerians sue over Sh1.4bn Flutterwave cash frozen in Safaricom, banks Friday September 23 2022 The Nigerians said in a petition that they were swindled of billions of shillings through a sports betting platform that used Flutterwave to process the payments. PHOTO | POOL More than 2,000 Nigerian investors have petitioned the Kenyan courts to unfreeze … Read more