Stories By Bernard Wafula
Co-operative Bank Q1 2025 profit after tax increases by 5.3 per cent to Sh6.93 billion
May 16, 2025 at 12:09 AM
Co-operative Bank of Kenya has begun the year with a Sh6.93 billion net profit for the first quarter of 2025, reflecting a 5.3 per cent uptick from Sh6.58 billion in the same perio...
KNCCI boss Erick Rutto faults Sh337,000 levies blocking new businesses in Kenya
May 14, 2025 at 02:59 PM
Entrepreneurs hoping to launch new ventures in Kenya are being choked by an array of costly and overlapping regulatory charges, according to the Kenya National Chamber of Commerce ...
IMF set to assess Kenya’s debt as Sh3.36 trillion repayment deadline looms large
May 13, 2025 at 12:50 PM
The International Monetary Fund (IMF) is preparing to scrutinise Kenya’s debt profile through a formal debt sustainability analysis, a critical step in determining whether the co...
NSE launches EmpowerHER to enhance women’s access to capital and leadership
May 13, 2025 at 12:18 AM
The Nairobi Securities Exchange (NSE) has launched the EmpowerHER Patrons Circle, a new platform aimed at increasing women’s access to capital, improving financial literacy, and ...
Company supported by Aliko Dangote fully acquires Kenya's oldest tour firm
May 12, 2025 at 02:56 PM
Pollman’s Tours and Safaris, a pioneer in Kenya’s safari industry, has been fully acquired by Alterra Capital, a private equity firm backed by Africa’s richest man, Aliko Dan...
Seven landmark Kenya-UAE agreements set to deepen bilateral cooperation
May 09, 2025 at 07:33 PM
Kenya and the United Arab Emirates have inked seven new agreements targeting a broad spectrum of sectors, signalling a deepening of diplomatic and economic relations between the tw...
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Kenya pushes bold investment reforms to fuel economic growth, global standing
May 09, 2025 at 01:07 PM
Kenya is setting the stage for a new era of investment reform, following a high-level roundtable that brought together government officials and private sector leaders to chart a cl...
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Stanbic posts Sh3.3 billion profit in Q1 2025 driven by loan and deposit growth
May 08, 2025 at 06:39 PM
Stanbic Bank reported a Sh3.3 billion profit after tax for the quarter ending March 31, 2025....
6 significant changes Kenyans should brace for if MPs pass Finance Bill 2025
May 07, 2025 at 11:40 PM
The National Treasury has released the much-awaited Finance Bill, 2025, proposing several significant changes that are expected to impact individuals, businesses, and households ac...
Kenya’s GDP grew by 4.7 per cent in 2024, with agriculture leading the charge
May 07, 2025 at 02:43 PM
Kenya's economy demonstrated resilience in 2024, recording a 4.7 per cent growth in real Gross Domestic Product (GDP), despite a slowdown from the 5.7 per cent growth seen in 2023....
Fuel outlets face June 30 deadline to connect pumps to KRA’s eTIMS system
May 06, 2025 at 05:38 PM
The Kenya Revenue Authority (KRA) has directed all petrol stations across the country to connect their fuel pumps to the Electronic Tax Invoice Management System (eTIMS) by June 30...
Visa unveils AI agents for shopping
May 06, 2025 at 01:54 PM
Visa has launched its new AI-powered initiative, Visa Intelligent Commerce, which it says will reshape how consumers shop and pay by enabling AI agents to browse, select, purchase,...
James Mwangi receives major UN award for boosting financial access by refugees
May 05, 2025 at 09:17 PM
Dr James Mwangi, Executive Chairman of Equity Group Foundation, has been honoured with the United Nations High Commissioner for Refugees (UNHCR) Visionary Award for his bold effort...
Tanzania shocks foreigners with ban on foreign currencies for local transactions
May 05, 2025 at 03:16 PM
Tourists visiting Tanzania will now need to convert their money at commercial banks or Bureau de Change outlets before making purchases, following a sweeping new directive by the B...
NSE investors lose Sh10 billion as US dollar grapples with Trump tariffs
May 05, 2025 at 12:09 PM
Investors at the Nairobi Securities Exchange (NSE) saw nearly Sh10 billion wiped off their paper wealth last week as the bourse mirrored a global cooling in market activity....
Nairobi satellite towns surge ahead in property market growth in Q1 2025
Apr 30, 2025 at 06:39 PM
Nairobi’s satellite towns are now the star performers of Kenya’s real estate scene, showing the strongest property price growth in more than two years, according to HassConsult...
Betting firms face tax deadline as KRA sets new terms for renewal of licences
Apr 30, 2025 at 12:32 PM
Licensed betting and gaming firms in Kenya have been warned to settle all tax obligations or risk being locked out of operations beyond June 30, 2025, when their current permits ex...
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Assassin’s Creed publisher faces Sh13.1 billion complaint over data tracking
Apr 28, 2025 at 09:46 PM
The publisher of Assassin’s Creed, Ubisoft, is facing a privacy complaint in Austria over claims it illegally collected users’ personal data through games marketed as offline....
How to navigate cash flow challenges facing you in the back-to-school rush
Apr 28, 2025 at 01:17 PM
Retailers and suppliers in the education sector are facing a mounting cash flow crisis, as the back-to-school shopping rush drives demand for school supplies, uniforms, textbooks, ...
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Kenya under pressure to tighten oversight on virtual assets to exit FATF grey List
Apr 28, 2025 at 09:02 AM
Kenya has been urged to move swiftly in implementing urgent financial reforms to curb money laundering and terrorism financing, with a new report identifying regulatory gaps—espe...
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