Kiharu MP Ndindi Nyoro speaking during the launch of the institute’s annual national shadow budget for 2025-26 financial year. [Wilberforce Okwiri,Standard] After months of political hibernation, which culminated with his ouster from the prestigious Budget and Appropriations committee, Kiharu MP Ndindi Nyoro is stealthily making a comeback, with guns blazing against his government. Nyoro has broken his silence in style, spicing his scathing criticism with his deep understanding of the budget-making process to demonstrate the debt trap Kenya is in and the financial crisis it is heading into. Nyoro said it is important for leaders to spend time dealing with…
Author: By Irene Githinji
National Bank of Kenya branch in Nairobi. [File, Standard] The Central Bank of Kenya (CBK) has approved the acquisition of National Bank of Kenya (NBK) by Access Bank Kenya. The deal was approved by CBK on April 4, and subsequently by the National Treasury Cabinet Secretary on April 10. “The CBK welcomes this transaction as it will ensure continued stability and enhance the resilience of the Kenyan banking sector,” the banking regulator said in a statement on Monday. KCB Group acquired 100 per cent stake in NBK in September 2019. As part of the transaction, CBK said it approved the…
Former Deputy President Rigathi Gachagua speaking with People’s Liberation Party (PLP) Leader Martha Karua at Liberation House in Nairobi on February 27, 2025. [Standard, Kanyiri Wahito] Another season of political parties is at hand, and political mules and donkeys are now positioning themselves in readiness to race against the thoroughbred horses in the 2027 presidential race. And in the unfolding scenario, the ground has been shifting, and so have the alliances at dizzying speed as political parties move in and out of alliances. Consequently, the alliances of 2022 are now forgotten, political sins forgotten or forgiven as hitherto foes embrace…
Managing Director of Ecobank Kenya sephine Anan-Ankomah.[Courtesy] Ecobank Kenya has strengthened its capital base with a $27 million (Sh3.5 billion) boost to support business growth in the country and the East African region. The cash injection raises the bank’s total capital to $65 million (Sh8.5 billion) as it seeks to meet the Sh10 billion core capital requirements by 2029. Ecobank Transnational Incorporated Group Chief Executive Jeremy Awori was optimistic that the investment will enable the institution to support business expansion, facilitate regional trade, and promote financial inclusion. With the additional capital injection, Ecobank Kenya also aims to strengthen its capacity to provide greater financing…
Kiharu MP Ndindi Nyoro addressing the press at his Nairobi office on March 18th 2025. [Collins Oduor, Standard] After months of loud silence even as a purge on major parliamentary committees was carried out, Kiharu MP Ndindi Nyoro has come out to state his stand in what ended up an underwhelming show. Despite being the subject of discussion in Parliament last week over what was described as skewed allocation in favor of his constituency, Nyoro declined to answer back his colleagues and chose to keep it modest. In the heat of political moments that happened last year, Nyoro kept off…