Trending Stories
1 day ago Idd-ul-Fitr: Monday is a public holiday
More Stories
Equity Group net profit grows 12 per cent to Sh48.8 billion, dividend up to Sh4.25
Mar 27, 2025 at 12:15 PM
Equity Group has recorded a 12 per cent increase in its profit after tax to Sh48.8 billion in its FY 2024 financial results as its diversified business model and prudent financial ...
Banks still dragging feet on cutting high lending rates face tough CBK penalties
Mar 26, 2025 at 06:03 PM
The Central Bank of Kenya (CBK) has warned commercial banks against keeping lending rates high despite the recent reduction of the Central Bank Rate (CBR) to 10.75 per cent....
-1711488419-1716535895.jpeg)
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....
Kenya braces for possible EU aid cut as treasury warns of tough financial times
Mar 26, 2025 at 10:43 AM
Kenya’s Treasury has warned of an impending financial crunch, anticipating that the European Union (EU) may soon cut its aid following a similar decision by the United States thr...
KQ records Sh5.5 billion profit before tax after more than 11 years of record losses
Mar 26, 2025 at 01:23 AM
Kenya Airways (KQ), recorded a pre-tax profit of Sh5.53 billion for the financial year ended December 31, 2024, compared to a loss of Sh22.86 billion the national airline made in 2...
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...
NCBA crosses Sh1 trillion in digital loans, net profit rises to Sh21.9 billion in FY 2024
Mar 25, 2025 at 08:06 PM
NCBA Group has reported a 2 per cent growth in its profit after tax to Sh21.9 billion in its full-year 2024 financial results, compared to a Sh21.5 billion net profit it posted in ...
-1743018651.jpeg)
Kenyan CEOs bet on global growth but tread cautiously on local risks, survey says
Mar 25, 2025 at 03:44 PM
Even as geopolitical and trade tensions persist, Kenya’s business leaders are looking ahead with optimism, forecasting a rebound in the global economy....
Kenya seeks new IMF deal as missed disbursement raises funding concerns
Mar 25, 2025 at 12:53 PM
Kenya's government has applied for a new lending programme with the International Monetary Fund (IMF) after forgoing the final review of the existing arrangement....
How Credible Blooms rose from rose exporter to become regional food giant
Mar 25, 2025 at 12:50 PM
What began as a modest flower export venture has grown into a multi-faceted agricultural enterprise, as Credible Blooms expands its footprint beyond floriculture into food producti...
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....
-1710953230.jpg)
KCB Group acquires 75 per cent stake in former FKF boss Nick Mwendwa’s fintech
Mar 25, 2025 at 02:43 AM
KCB Group has signed a binding deal to acquire a 75 per cent stake in Riverbank Solutions Limited, a financial services technology firm offering payment solutions including mobile ...
Super Metro resumes operations as tribunal briefly lifts NTSA suspension
Mar 24, 2025 at 03:28 PM
Super Metro matatu is once again ferrying passengers after the Transport Licensing Appeals Board (TLAB) temporarily lifted the suspension imposed by the National Transport and Safe...
Adulting Just Got Easier: Secure what you treasure without breaking the bank!
Mar 24, 2025 at 12:12 PM
Let's be real, adulting in Nairobi (or any major Kenyan city) is a whole vibe – building your career, chasing that side hustle, and trying to secure your financial future....
Safaricom-backed startups showcase innovations in investor demo day
Mar 21, 2025 at 07:05 PM
On Friday, nine startups participating in the Safaricom Spark Accelerator Program took centre stage during an investor demo day, marking a significant milestone in their journey to...
NCBA Insurance Company officially launched after AIG Kenya full acquisition
Mar 21, 2025 at 05:34 PM
NCBA Group has unveiled a fresh identity for its insurance arm following the full acquisition of AIG Kenya in July 2024....
Super Metro rejects NTSA’s suspension as unfair and outdated, calls for fair review
Mar 20, 2025 at 10:28 PM
Super Metro Limited has firmly denied the National Transport and Safety Authority’s (NTSA) claims concerning the suspension of its operator licence, emphasising that the allegati...
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....
NTSA suspends Super Metro license in response to recent death of passenger over Sh30
Mar 20, 2025 at 02:56 PM
The National Transport and Safety Authority (NTSA) has suspended Super Metro Limited’s operator licence, citing multiple violations of Public Service Vehicle (PSV) regulations....
Absa Kenya posts 28 per cent surge in post-tax profit to Sh20.9 billion in FY 2024
Mar 20, 2025 at 11:03 AM
Absa Bank Kenya has reported a 28 per cent jump in net profit to Sh20.9 billion for the financial year ending December 2024, attributing the performance to improved cost efficiency...
NCBA partners with Edu Hub to finance students for education locally and abroad
Mar 20, 2025 at 01:07 AM
NCBA Bank has entered into a partnership with Edu Hub to offer financial solutions for students seeking higher education abroad and Kenyan diaspora students pursuing studies locall...
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...
Govt moots removal of 25 per cent excise duty on imported electricity transformers
Mar 19, 2025 at 12:46 PM
The Government has moved to ease the financial burden on the power sector by proposing the removal of the 25 per cent excise duty on imported fully assembled electric transformers ...
Kenya's mobile subscriptions hit 71.4 million as network expands - CA Report
Mar 19, 2025 at 12:15 AM
Kenya's mobile phone market has continued its upward trajectory, with active subscriptions rising to 71.4 million by December 2024, a 2 per cent increase from October’s 70 millio...
Equity Group Foundation gets Sh141.3 million to enable climate-smart farming
Mar 18, 2025 at 11:18 PM
Proparco has signed a deal with Equity Group that will see it get EUR1 million (about Sh141.26 million) to enable smallholder farmers in Kenya to adopt sustainable practices....
-1742323568.jpeg)
Safaricom unveils annual summit to 'decode' digital tech future in East Africa
Mar 18, 2025 at 10:21 PM
Safaricom has launched the third edition of its annual Engineering Summit, a platform designed to bring together engineers, scientists, and tech enthusiasts to discuss the future o...
 (1)-1742300564.jpg)
Old Mutual Group profit after tax jumps by a whopping Sh1.1 billion in FY 2024
Mar 18, 2025 at 03:26 PM
Old Mutual Group’s net profit witnessed a massive jump of Sh1.1 billion to Sh1.3 billion during the 2024 full year, up from Sh200 million it recorded during a similar period in 2...
