KQ hires Deloitte for 6-year audit of financial decisions The Kenya Airways’ board has appointed consulting firm Deloitte to undertake a forensic audit of the airline’s financial decisions dating back six years. Deloitte joins a growing list of consultants that the airline has engaged as its…

Family Bank to sell PE funds Sh15bn stake Family Bank plans to raise as much as Sh15 billion through sale of stake to private equity (PE) firms. Family Bank shareholders will now have to create more shares to accommodate potential investors. Family Bank intends to use…

Family Bank gets nod to issue Sh10bn bond in expansion plans Family Bank has received approval to issue a Sh10 billion bond as it seeks to fund its expansion plan. The mid-sized lender targets to issue the first tranche of the bond at the end of…

Uchumi seeks CEO, meets suppliers over debt Uchumi Supermarkets has appointed consultancy firm Deloitte to headhunt a new chief executive officer less than a week after the board of directors sacked Mr Jonathan Ciano alongside chief finance officer Chadwick Omondi Okumu. This comes as Uchumi board…