Bank news | Radio Generation Kenya

Court allows KCB to sell developer’s Karen Villas over loan default

Business

Court allows KCB to sell developer’s Karen Villas over loan default

The judge noted that the company had failed to prove it would suffer any harm that could not be compensated through monetary damages.

By Ann Nyambura 16 Jul 2025

Absa rolls out Kenya’s first fully mobile Islamic banking platform

Business

Absa rolls out Kenya’s first fully mobile Islamic banking platform

La Riba Timiza allows users to apply for instant short-term financing, make digital payments, and save for specific goals. All transactions comply with Islamic banking principles that prohibit interest.

By Maureen Kinyanjui 11 Jul 2025

Stanbic wins case to auction cooking oil firm's assets

Business

Stanbic wins case to auction cooking oil firm's assets

In the ruling, Justice Alfred Mabeya said that the lender was within its rights to sell the secured property after the borrower failed to meet its loan obligations.

By Rose Achieng 9 Jul 2025