Stories By Bernard Wafula
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I&M Bank proposes Sh3 dividend as gross profit surges 25 per cent to Sh20.8 billion
Mar 26, 2025 at 05:56 PM
I&M Group recorded a Profit Before Tax of Sh20.8 billion for the financial year ending December 31, 2024, reflecting a 25 per cent increase....
How KCB Group transacted Sh1.3 billion through digital banking channels in 2024
Mar 25, 2025 at 08:50 PM
KCB Group has revealed that 99 per cent of all transactions made through the bank in 2024, which totalled Sh1.3 billion, were conducted outside physical branches, underscoring a ra...
Kakuzi reports Sh167 million pre-tax loss in 2024 as revenue drops to Sh4.79 billion
Mar 25, 2025 at 10:52 AM
Kakuzi PLC has reported a pre-tax loss of Sh167 million for the year ended December 31, 2024, reversing a profit of Sh664 million in 2023....
StanChart pre-tax profit up 43 per cent to Sh28.2 billion, dividend hits Sh37
Mar 20, 2025 at 04:10 PM
Standard Chartered Kenya reported a 43 per cent surge in profit before tax for the financial year 2024, reaching Sh28.2 billion, up from Sh19.6 billion in 2023....
Lifeline for National Oil Corporation as Rubis steps in to revitalise operations
Mar 19, 2025 at 05:18 PM
The National Oil Corporation of Kenya (NOC) has secured a strategic partnership with RUBiS Energy Kenya, a move expected to breathe new life into the state-owned entity’s operati...
How a new strategic partnership is set to transform intra-Africa trade transactions
Mar 18, 2025 at 01:13 PM
In September 2023, Kenya joined the Pan-African Payments and Settlement System (PAPSS), a key step towards boosting intra-African trade under the African Continental Free Trade Are...
New Bill threatens livelihoods as insurance agents face strict licensing rules
Mar 15, 2025 at 05:04 PM
Kenyan insurance agents could soon be out of work or forced to meet strict licensing requirements before selling policies if a proposed law before Parliament is passed....
KPC posts 32 per cent spike in profit before tax to Sh10 billion in FY 2024
Mar 13, 2025 at 09:13 PM
The Kenya Pipeline Company (KPC) has recorded a pre-tax profit of Sh10 billion for the 2023/2024 financial year, reflecting a 32 per cent jump from the Sh7.6 billion reported the p...
KCB Group net profit grows 64.9 per cent to Sh61.8 billion in 2024, declares dividend
Mar 12, 2025 at 09:41 PM
KCB Group recorded a 64.9 per cent increase in profit after tax for the full year 2024, reaching Sh61.8 billion, up from Sh37.5 billion in the previous year....
20X Entrepreneur boosts Meru’s Jua Kali sector with training, job opportunities
Mar 10, 2025 at 05:27 PM
Meru County’s informal sector has received a significant boost with the arrival of 20X Entrepreneur’s transformative initiative, Chanuka, Jipange na Opportunities, aimed at bri...
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SBM Bank unveils SME business hubs within Nairobi to spur entrepreneurship
Mar 10, 2025 at 05:26 PM
SME owners in Nairobi now have access to new business hubs launched by SBM Bank Kenya, a move designed to provide both financial and advisory support....
M-Pesa celebrates 18 years of mobile money, revolutionising fintech in Africa
Mar 07, 2025 at 03:14 PM
M-Pesa, the mobile financial service operated by Safaricom, has marked 18 years since its launch in March 2007, solidifying its position as Africa’s leading fintech platform....
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Stanbic net profit up 13 per cent to Sh13.7 billion in FY 2024, proposes dividend rise
Mar 05, 2025 at 04:20 PM
Stanbic Holdings has reported a 13 per cent increase in Profit after Tax (PAT) to Sh13.7 billion for the year ending December 31, 2024, even as key revenue streams weakened and ope...
Treasury addresses concerns over the withdrawal of Sh1.3 trillion in 7 months
Mar 03, 2025 at 12:13 PM
The National Treasury has sought to allay public concerns over the government's withdrawal of Sh1.3 trillion from the exchequer within seven months, asserting that all transactions...
Kenyans hit hard as cost of basic items soars with 3.5 per cent inflation rise
Feb 28, 2025 at 07:25 PM
Kenyan households are grappling with a higher cost of living as inflation climbed to 3.5 per cent in February 2025, up from 3.3 per cent in January, according to the latest data fr...
Kenyans to face higher costs, delays as new KEPHIS fees take effect on Saturday
Feb 28, 2025 at 12:36 PM
Consumers and businesses in Kenya should brace for increased prices and shipment delays as new inspection and phytosanitary fees for agricultural imports and exports come into effe...
Kenya secures Sh 193.5 billion Eurobond to strengthen debt management
Feb 27, 2025 at 04:26 PM
The government has announced the successful pricing of a Sh 93.5 billion ($1.5 billion) Eurobond as part of its Liability Management Strategy....
Sh13.6 billion lifeline for Kwa Jomvu–Mariakani road as upgrade begins
Feb 27, 2025 at 01:04 PM
The Kwa Jomvu–Mariakani road, a crucial segment of the Northern Corridor, is set for a major transformation following the launch of upgrade works that will convert the existing t...
Kenya eyes Sh116.7 billion Eurobond buyback to ease looming debt crisis
Feb 26, 2025 at 09:48 AM
Kenya has initiated a fresh Eurobond buyback, seeking to repurchase a Sh116.7 billion (approximately $901.8 million) note from its 2019 bond issuance....
Sh144 million missing from e-Citizen collections, Auditor-General raises alarm
Feb 25, 2025 at 05:16 PM
A fresh audit of government revenues has uncovered a discrepancy of at least Sh144 million collected through the e-Citizen platform, raising concerns over accountability in the dig...
