Absa Bank books Sh11.7b half-year profit

Net interest income fell by 2.9 per cent to Sh22.3 billion, while non-interest income grew by 3.3 per cent to Sh9.1 billion, driven by diversified streams from fees and commissions.

By 2 days ago

Solution-based innovations dominate STEM exhibition

Students competed in four categories, including technology, social and behavioural sciences, biological and ecological sciences, chemical, physical and mathematical sciences.

By 2 days ago

Consolidated Bank rebounds to profitability

Consolidated Bank has posted a profit of Sh21.6 million for the half-year to June 30, 2025, an improvement from a loss of Sh76.8 million recorded over the same period last year.

By 7 days ago

Stanbic posts Sh6.5b half-year profit as it ramps up client support

Stanbic Holdings Plc has posted a profit after tax of Sh6.5 billion and delivered a return on equity of 17.4 per cent in the first six months of this year.

By 7 days ago

Safaricom Hook holds training forums for youth in Western Kenya

At the Siaya National Polytechnic, more than 2,000 youth participated in technical masterclasses in plumbing, electricals, hospitality, fashion, and design.

By 11 days ago

Nacada's proposed rules threaten formal alcohol market, tax inflows

Policy aims to tackle alcohol abuse, but experts argue it overlooks root causes —unemployment and a faltering economy.

By 13 days ago

EABL posts Sh12b profits, to give Sh8 dividend

In 2024, the beverage company recorded a net profit of Sh10.87 billion.

By 14 days ago

Global firm takes over Goodlife Pharmacy, eyes manufacturing

CFAO Healthcare has fully acquired the Goodlife chain of pharmacies at an undisclosed amount of money, following the green light from the Comesa Competition Authority.

By 16 days ago

Cargo agents seek government support for sector growth

Clearing and forwarding agents have called for increased regulatory support to unlock the sector’s full potential.

By 16 days ago

Auto firm eyes regional market with new trucks

Fast Automobile Works (FAW) has introduced two ranges of commercial trucks dubbed FAW JK6 and FAW JH6, as it marks 20 years of operations in Kenya.

By 16 days ago

State kicks off Sh1.45b milk coolers installation in 40 counties

Forty counties are set to benefit from 230 milk coolers worth Sh1.45 billion that are being distributed and installed across the country to boost the dairy sector.

By 21 days ago

Carrefour unveils 'Choose Better' drive for healthier, greener living

Carrefour in Kenya has launched a new initiative aimed at educating, empowering, and rewarding customers for making healthier and more sustainable lifestyle choices.

By 20 days ago

Kenya Pavilion welcomes millionth visitor at Osaka Expo, eyes two million

The Kenya Pavilion at Expo 2025 Osaka on Thursday welcomed its millionth visitor since the global showcase began in April.

By 21 days ago

Investors urged to back high-impact projects in the Lake region

Organisers of the 2025 Business Ecosystems Summit, an investment forum uniting businesses, investors, and policymakers, have called on investors to channel their capital into high-impact projects.

By 30 days ago

E-mobility startup selected for funding

Spiro operates an integrated platform that provides electric two-wheel mobility in eight African countries through distribution partners and financiers.

By 30 days ago

Equity scoops top EAC banking award

Equity Bank has been named Best Regional Bank in East Africa at the 2025 African Banker Awards.

By 30 days ago

Counties choke on debt as devolution staggers forward

As devolution steers through its 12th year, pending bills resulting from delayed disbursement of funds continue to cripple service delivery in counties.

By 1 month ago

State backs tourism sector players' recovery efforts

The ministry has acknowledged the concerns of the tourism sector over the potential impact of the recent political disruptions and appealed for positive national storytelling.

By 1 month ago

Uber Eats partners with Carrefour Kenya to ease delivery of groceries

Uber Eats has signed a partnership agreement with Carrefour, owned by Majid Al Futtaim, that will make grocery shopping faster, easier, and more convenient.

By 1 month ago

Sian Group, Kura unite to stop effects of climate change

Partners plant 5,000 trees and plan to improve road network around the Maasai Flowers Ltd farm. Businessman Joshua Kulei urges communities to preserve the environment for sustainability.

By 1 month ago

New drive to boost food security

African Women in Agricultural Research and Development Launches Gender in Agrifood Systems Policies (GASP) Program to Drive Inclusive Agricultural Development in Africa.

By 1 month ago

Premium

How Trump's chaos will ripple through Kenyan economy

Kenya's economy is already reeling from the Trump administration’s sweeping policy shift from travel bans to punitive tariffs.

By 1 month ago

Equity woos Italian leather industry investors for local partnerships

Equity Bank is positioning itself as a key financial partner to Italian investors eyeing local collaborations.

By 1 month ago

Kenya's trade pavilion in Japan attracts record 500,000 visitors

The Kenya Pavilion at Expo 2025 Osaka in Japan has reached a key milestone, attracting over 500,000 visitors as of Thursday.

By 1 month ago

Britam's BetaLab backs local fintech's bid to power riders with cover and fuel credit

Britam’s innovation and incubation hub BetaLab has invested Sh5 million in a local fintech firm Oye, to boost access to insurance and ease fuel costs for the country’s two million boda boda drivers.

By 1 month ago

Hidden knife in the Finance Bill that stabs firms

Manufacturing sector will bear the brunt of raw material taxation. Extension of tax refund timelines will severely strain cash flow for businesses.

By 1 month ago

Budget blues: Tax shifts threaten jobs and investments

Stakeholders and tax experts have expressed deep concerns over provisions in the Finance Bill, 2025, that could negatively impact businesses and cash flows in the economy.

By 2 months ago

Premium

Trump's administrative decisions have far broader effect

As the world navigates global economic shockwaves and geopolitical tensions, US President Trump’s administration has been nothing short of turbulent waters, for both its foes and allies.

By 2 months ago

Premium

Car importers fault KRA's new car valuation, says will cripple the industry

The Car Importers Association of Kenya (CIAK) has rejected the proposed revision of the retail selling prices of imported used motor vehicles by the government.

By 2 months ago

KRA defends new car valuation, says 2019 price list outdated

KRA defends new car valuation, says changes reflect rising market trends and that 2019 prices are outdated; missing models to be updated.

By 2 months ago

Airtel Money users to get cash back on transactions

Airtel Kenya will now reimburse its customers 50 per cent of transaction fees for bank-to-Airtel Money transactions.

By 2 months ago

Experts wary of hidden taxes in Ruto's 'no-tax Finance Bill 2025

The Finance Bill, 2025 appears to be a cautious response to avoid similar unrest that ensued across the country following the rejection of the 2024 Bill .

By 2 months ago

Access Bank completes takeover of National Bank from KCB

Access Bank has completed the acquisition of National Bank of Kenya from KCB Group as it continues on its Kenyan expansion drive.

By 2 months ago

Millie Odhiambo warns of online predators amid 8,800 missing children cases

Millie further pointed out that some content creators produce highly explicit material, which children should not be exposed to.

By 2 months ago

Shareholders approve Sh9.6b KCB dividend

KCB Group shareholders have approved a Sh9.6 billion total dividends payout for the 2024 financial year at an annual general meeting in Nairobi on Thursday.

By 2 months ago

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Report blames IMF for economic mess, warns of budget cuts

Africog has accused the IMF of enabling the government's mismanagement by its rosy description of Kenya's economy despite indicators pointing to a poor performance.

By 2 months ago

Real estate firms to build mixed-use facility in Westlands

Property developer Mi Vida Homes has signed a strategic partnership with Space Master Properties for the commercial and construction devt of Habitat, a 24-story mixed-use development.

By 2 months ago

Kenyans shun SGR following fare hike

SGR ridership drops as commuters react to fare increases.

By 2 months ago

Tourist numbers climb 14.7 per cent to hit 2.39m in 2024

Tourist numbers to Kenya in 2024 hit 2.39 million, marking a new high in the five years since 2020.

By 2 months ago

EIB, Family Bank to raise Sh14.7bn for businesses led by women, youth

EIB Global and Family Bank are mobilising Sh14.7 billion (Euros 100 million) to finance women-owned and led businesses, and youth entrepreneurs in the country.

By 3 months ago