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Equity bank named AfriSAFE 2025 Bank of the year
Business

Equity bank named AfriSAFE 2025 Bank of the year

A group of seven judges drawn from five global regions assessed entries from institutions across the continent. Among them was US-based human rights lawyer and scholar Prof. Gloria J. Browne-Marshall. The panel praised Equity for meeting Occupational Safety and Health rules, supporting staff welfare and maintaining clear systems for tracking safety compliance in its operations.

Treasury faces scrutiny over Sh2.6 trillion domestic loans
Business

Treasury faces scrutiny over Sh2.6 trillion domestic loans

According to the Public Finance Management Act 2012, government borrowing should be focused on development, while short-term loans like overdrafts are meant to manage cash flows. As of September, Kenya’s public debt stood at Sh12.05 trillion, with domestic borrowing accounting for more than half of the total.

Leadership, financial gaps hit Garissa University, audit finds
News

Leadership, financial gaps hit Garissa University, audit finds

The audit, conducted by Auditor General Nancy Gathungu for the period ending June 30, points out that the university has been functioning without a substantive chancellor since February 2022. During this period, the vice chancellor has only been serving in an acting role, leaving the university without permanent leadership at the top.

Ketraco warns Sh49bn shortfall could stall key electricity projects
News

Ketraco warns Sh49bn shortfall could stall key electricity projects

The delayed funding puts at risk projects designed to expand the network, create new transmission routes, and increase the capacity to carry power from domestic sources and neighboring countries. Ketraco says the funding gap could affect lines meant to strengthen areas where the grid is already overloaded and unreliable, highlighting the urgency of these developments.

MCAs raise alarm over blank loan motion for Nairobi salaries
News

MCAs raise alarm over blank loan motion for Nairobi salaries

Majority Leader Peter Imwatok introduced the motion, but when pressed, could not provide information on the amount to be borrowed, the lender, or the repayment schedule. The motion, framed as a short-term loan request, did not include any figures, raising concerns about transparency.

Omtatah asks court to abolish National Tallying Centre in presidential polls
News

Omtatah asks court to abolish National Tallying Centre in presidential polls

Filed as Constitutional Petition No. E757 of 2025, the case challenges the legality of the National Tallying Centre, Section 39 of the Elections Act, and Regulation 83(2). Omtatah says these provisions create extra layers of verification at the county and national level, grant powers to County Returning Officers and the IEBC Chairperson to re-check or change results, and delay public access to election outcomes. He insists these measures contradict the Constitution and invite unnecessary interference and delays.

Trump orders 45-day review to classify muslim brotherhood as terrorists
Global Affairs

Trump orders 45-day review to classify muslim brotherhood as terrorists

Trump signed an executive order on Monday instructing Secretary of State Marco Rubio and Treasury Secretary Scott Bessent to examine whether Muslim Brotherhood groups in Egypt, Jordan, Lebanon, and other nations should be classified as Foreign Terrorist Organizations or Specially Designated Global Terrorists. Once the report is submitted, the administration will have 45 days to implement any recommended designations.

Family Bank profit soars 55.7% as lending activity drives growth
Business

Family Bank profit soars 55.7% as lending activity drives growth

Despite the overall strong performance, loan loss provisions rose sharply from Sh587.5 million in September 2024 to Sh1.361 billion in September 2025, a 131.6 percent increase, reflecting a cautious approach to credit risk. Total operating expenses increased 33 percent to Sh10.24 billion from Sh7.703 billion, partly due to higher loan impairment charges and heightened business activity.

Sakaja explains reason behind hospital account shift to Sidian Bank
News

Sakaja explains reason behind hospital account shift to Sidian Bank

Sakaja noted that the county followed the law, stating that the Public Finance Management Act does not tie counties to specific banks, allowing them to choose an institution that best supports their operations. He added that interest rates offered by the previous bank were not favourable, which pushed the county to look for a better offer.

Tanzania cancels independence day to prioritise riot repairs
Global Affairs

Tanzania cancels independence day to prioritise riot repairs

The decision comes after weeks of unrest that followed the presidential election. Cities such as Dar es Salaam and Dodoma witnessed extensive damage to roads, government offices, and public utilities. Police stations and polling centres were vandalised, while businesses and traders in affected areas faced significant losses.