Sanlam half-year net profit rises fourfold to Sh124.6mn
The company said the growth was supported by an increase in insurance revenue to Sh2.2 billion.
1 min read
Business
Latest business stories from across Kenya.
KRA Customs Smashes Monthly Revenue Record With Ksh92.53 Billion Haul
The Kenya Revenue Authority (KRA) Customs and Border Control Department opened the 2026/2027 financial year with a record-breaking performance, netting Ksh92.53 billion in July 2026. Surpassing the Treasury’s baseline target of Ksh86.16…
1 min read
KCB half year profit up 20% as investors await Ksh 9.5B pay
KCB Group investors are set to pocket Ksh 9.5 billion as interim dividend after the bank reported a 20.8% increase in profit before tax to Ksh 49.3 billion. According to the bank, the board approved the interim dividend of Ksh 3 per share…
1 min read
Jumia Raises $50M as IFC, Axian Back Push Toward Profitability
Jumia has raised $50 million in fresh equity from a group of investors led by the International Finance Corporation, giving Africa’s e-commerce company additional capital as it pushes toward profitability. The financing includes a $25…
2 min read
KCB Group Profit Jumps 20.8% to $382 Million as Loans, Deposits Drive Growth
Kenya Commercial Bank (KCB Group Plc) has today reported a 20.8% increase in its first-half profit before tax to KSh49.3 billion, or about $382 million, due to higher lending, deposit growth and stronger non-funded income supporting…
2 min read
July customs revenue beats target after collection hit Ksh 92B
Kenya has netted Ksh 92.5 billion from customs in the first month of the current fiscal year after collection recorded highest ever monthly revenue. Kenya Revenue Authority (KRA) say the July collection surpassed the Treasury target of Ksh…
1 min read
What Vision 2060 Could Mean for Kenya’s Economy and Investors
President William Ruto’s launch of the national conversation on Vision 2060 has put Kenya’s long-term economic direction back on the table, with the proposed blueprint expected to influence investment, public spending, industrial policy…
3 min read
Ruto Launches National Talks on Kenya’s Vision 2060
President William Ruto has asked Kenyans to take part in shaping the country’s proposed Vision 2060, saying the long-term development plan should reflect the wishes and priorities of citizens across the country. Ruto made the remarks on…
2 min read
CBK Records Strong Demand in August Infrastructure Bonds Reopening
CBK (Central Bank of Kenya) latest Infrastructure Bond (IFB) reopenings attracted KSh 460.4 billion in bids against KSh 150 billion on offer, resulting in oversubscription. The CBK accepted KSh 312.0 billion, equivalent to 208% of the…
2 min read
KCB raises interim dividend 50pc to Sh3 on higher profit
The lender will pay shareholders a total of Sh9.64 billion, up from the Sh2 per share paid in the same period last year.
1 min read
Co-op Bank Half-Year Profit Grows Strongly to Ksh23 Billion
Co-operative Bank of Kenya, better known as Co-op Bank, has posted a strong profit before tax of KSh23.1 billion for the half-year ended 30th June 2026, up from KSh19.7 billion recorded in the same period in 2025, representing an…
4 min read
Kenya gets new guide to escape middle income trap
Kenya could achieve high income status within the next three decades with targeted investments in key economic sectors in order to raise household income. During the launch of the National Conversation Beyond Vision 2030 blueprint which is…
2 min read
Neighbors with tusks: How Kenyans learn to live alongside elephants
NAIROBI, Aug. 12 (Xinhua) — In August, wildlife migration across East Africa reaches one of its busiest periods, drawing visitors from around the world to Kenya’s vast savannas. Across Amboseli,…
4 min read
Beyond Vision 2030: Mwangi, Kibati outline Kenya’s next path
Kenya’s progress under Vision 2030 and the need for continuity in national development plans came into sharp focus Wednesday during a well attended national conversation that roped in key players at the Kenyatta International Convention…
3 min read
Co-op Bank profit after tax up 28pc to Sh18bn in H1
The growth was supported by a 13 percent increase in net interest income to Sh33 billion.
1 min read
CBK Reveals How El Niño Rains Could Affect Kenya’s Economic Growth
The Central Bank of Kenya (CBK) has said the impact of the anticipated El Niño rains could play a key role in determining Kenya’s economic growth, with favourable weather conditions potentially pushing growth above current projections.…
3 min read
OPEC lowers oil demand growth forecasts for 2026
OPEC made the forecast in its latest monthly oil market report. In its previous report in July, the organization estimated a global oil demand growth of 800,000 bpd year-on-year for 2026.
1 min read
Cash deposit waiver for Kenyan shippers as Maersk partners with Viaservice
A.P. Moller – Maersk has partnered with trade facilitation fintech Viaservice-Ke to eliminate upfront refundable container deposits for shippers operating in Kenya. Through the new agreement, Maersk customers will gain access to the…
2 min read
Britam forms regional youth advisory council to drive strategy & youth engagement
In an effort to embed youth perspectives into its regional operations, Britam Holdings Plc has announced the official establishment of its inaugural Britam Youth Advisory Council. Comprising young professionals aged 24 to 37, the newly…
2 min read
Kenya’s first locally made ETF will let you buy 11 banks in one trade
CMA has approved the WSA Banking Index ETF for the NSE. It tracks 11 listed Kenyan banks. Here’s how it works.
6 min read
Nutanix launches open-source MCP server to bring secure AI automation to hybrid cloud
Nutanix has launched a new Model Context Protocol (MCP) server for its Nutanix Cloud Platform (NCP), enabling enterprises to use AI tools to automate cloud operations while maintaining existing security and access controls. The open-source…
1 min read
MPs Question KLRC Over Sh2.1 Million Unauthorised Expenditure
Members of Parliament have questioned the Kenya Law Reform Commission (KLRC) over Sh2.1 million in expenditure that was incurred without the required approval, with the Auditor-General warning that the commission failed to follow budget…
3 min read
PSC Rejects Claims That New Pension Scheme Created Discriminatory Dual-Pension System
The Public Service Commission (PSC) has rejected claims that Kenya’s transition from the Defined Benefits Scheme to the Defined Contribution Scheme created a discriminatory dual-pension system for public servants. Appearing before the…
3 min read
NTSA Seeks Sh3 Billion Revenue Retention to Boost Road Safety
The National Transport and Safety Authority (NTSA) has asked the National Assembly’s Departmental Committee on Transport and Infrastructure to support its bid to retain Sh3 billion in own-source revenue to finance road safety programmes.…
2 min read