The Cba was registered before Judge Nelson Abuodha of the Employment and Labour Relations Court.
The move comes as the bank is working on a merger with Commercial Bank of Africa (Cba).
Read also: Nurses' strike: Council of Governors wants stalemate unlocked The nurses in several counties went on strike on February 4, to push for an Sh3,000 increase in nursing allowance in the first year and Sh3,500 in the two subsequent years as per the Cba.
- Public Investments Committee summoned KAA board, MD to shed light on the JKIA takeover - This was after it was established KAA board chair is also CEO of a local bank owed money by KQ - The Committee had learnt Cba boss, Isaac Awuondo, is also KAA board's chairman - This, the Committee chair and members argued, posed conflict of interest in proposed takeover of JKIA by KQ Kenya Airports Authority (KAA) board has been summoned by the National Assembly's parliamentary committee probing the contentious plan to hand over management of Jomo Kenyatta International Airport (JKIA) to Kenya Airways (KQ).
The CMA Tuesday fined the former Cba Capital executive, David Tumaini Maena, Sh166.9 million, being double the benefit accrued from the irregular trades.
Cba and NIC, which are at an advanced merger stage, are said to have lent the troubled national Sh5 billion which they are yet to recover When he appeared before the committee yesterday, KAA chief executive officer John Andersen confirmed the debts.
Read: Relief for patients as Kisii nurses call off strike The Cba is meant to regulate terms and conditions of service for employees in the mission hospital.
The Public Investments Committee (PIC), which opened an investigation into the proposal by Kenya Airports Authority (KAA) to hand over the operations of Jomo Kenyatta International Airport to KQ, heard that Mr Isaac Awuondo is the chief executive of Cba bank which seeks to merge with NIC Bank #ticker:NIC.
Analysts at Commercial Bank of Africa (Cba) say in its monthly economic report for February that the prevailing low growth in private sector credit, partly attributed to the rate cap on loans, will moderate any urge by the regulator to cut the benchmark rate.
“He knows very well his colleagues signed the Cba to pay the nurses and the honourable thing to do at the moment is to honour it,” Mr Atwoli said.