The Director of Public Prosecutions (DPP) has charged the CEOs of NCBA Bank, KCB Bank, and Co-operative Bank with failing to report suspected proceeds of crime, linked to an alleged Sh363.3 million fraud.

• Sh363.32 million allegedly stolen from First Assurance Investment Company Limited.
• The charges stem from an investigation involving a former nominated Member of the County Assembly (MCA).
• The former MCA faces 120 charges including conspiracy to defraud and stealing, while the bank CEOs are charged with failing to report suspicious transactions under the Proceeds of Crime and Anti-Money Laundering Act.

Fresh governance concerns have surfaced at Uchumi Supermarkets as the court-appointed monitor revealed the company opened new branches without his approval, despite outstanding employee and creditor obligations.

• The court-appointed monitor, Owen Koimburi Njenga, stated that Uchumi opened branches at Unicity Mall and in Kitengela without his knowledge or consent.
• This expansion raises questions about the company's financial priorities, particularly as former employees pursue unpaid salary arrears and terminal benefits totaling approximately Sh521.7 million within the larger creditor claims of Sh9.79 billion.
• Njenga highlighted that a March 2025 creditor resolution requires joint approval for deploying surplus cash flows, a process that was not followed for the new branches.

NCBA Group has announced a significant increase in its net profit for the first half of 2026, driven by strong performance in its Kenyan operations and regional subsidiaries.

• Net profit rose by 12.2% to Sh12.4 billion.
• The lender's Kenya Bank subsidiary was the main profit driver, growing profitability by 24.3% year-on-year.
• Group Managing Director John Gachora highlighted strong asset quality with a non-performing loan ratio of 10.5%, below the sector average.