The Capital Markets Authority (CMA) has fined former board members and senior managers of Chase Bank and its Reporting Accountant Deloitte and Touche over their role in the issuance of a Ksh 10 billion bond in 2015. Former Chase Bank Group Managing Director Duncan Kabui has been fined Kshs. 5 million and disqualified from being a director or key personnel of a company regulated by the Capital Market Authority for 10 years, while Deloitte has been fined Ksh 10 million. “In line with its investor protection mandate, the CMA has taken enforcement action against former board members, senior management of…
Author: Korir Issa
Korir Issa
IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.
TMB, a public company limited by shares, is one of DRC’s largest banks, with US$1.5 billion in total assets.
The African Recovery and Resilience Plan will address these weak links by mapping agricultural ecosystems and value chains and by financing agriculture players.
The resolution will help reduce environmental injustices, close protection gaps and empower people, especially those that are in vulnerable situations
Kenya, Uganda, and Tanzania revenues grew 30%, 24%, and 21%, respectively, compared to last year’s period, on easing of COVID-19 restrictions.
KCB’s new interest rates are currently the highest compared to the average industry interest rates on fixed deposit accounts that now stand at 6.61 per cent with savings accounts having declined to 2.56 percent from 3.37 percent in 2021.