I&M profit after tax up 22pc to Sh10.17bn on stronger lending income
The lender reported net earnings of Sh10.17 billion in the first half of 2026, up from about Sh8.31 billion recorded in a similar period last year.
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Business
Latest business stories from across Kenya.
Busia Senator Omtatah seeks disclosure of KNEC exam printing tender
The request comes after concerns were raised over the procurement of the examination printing contract, with KNEC and the State Department for Basic Education previously indicating that some information could not be disclosed on national…
2 min read
Binance deepens commitment in Africa through multi-country engagement
NAIROBI, Kenya, Aug 27- Binance, the world’s leading blockchain and cryptocurrency infrastructure provider has concluded a multi-country engagement tour across Africa, reinforcing its long-term commitment to supporting Africa’s evolving…
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HassConsult Bets on Connected Communities to Redefine Kenya’s Residential Experience
Kenya’s growing dependence on digital platforms is changing how people work, communicate, shop and entertain themselves, but property developer HassConsult is betting that the next evolution of the connected lifestyle may require people to…
3 min read
Energy ministry says crackdown on illegal LPG traders to intensify
Energy and Petroleum Cabinet Secretary Opiyo Wandayi has dismissed accusations of unfair treatment of LPG traders across the country. While responding to the opposition on allegations that the government is confiscating LPG cylinders from…
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KCB asks the DCI to investigate the documents behind a EUR 978 million claim against it
KCB has asked the DCI to investigate documents Foxcapital filed in its High Court claim over EUR 978,675,835, alleging forgery
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Ventures Platform Closes $84M Pan-African Fund II
Ventures Platform has announced the final close of its second institutional fund, Ventures Platform Pan-African Fund II (VP PAF II), at $84 million, exceeding its initial $75 million target. The oversubscribed fund closed three years after…
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TPS East African Plc H1 Net Loss Dips 315.5% to KSh 66.38m on Depressed Global Travel Market
TPS East Africa, owners of the Serena brand, recorded an increase in net losses to KSh 66.38 million at the end of the six months’ period ended June 30th 2026. This is compared to a net loss of KSh 15.97 million in H1 2025. TPS also saw…
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400 Mombasa Riders to Get Formal Training and NTSA Licenses Under New Bolt Deal
400 delivery riders in Mombasa will receive formal training and a pathway to National Transport and Safety Authority (NTSA) licenses under a new program launched by Bolt and the Mombasa County Government. The Recognition of Prior Learning…
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NCBA, HEVA Launch KES 20 Million Collateral-Free Startup Financing for Creative Sector
NCBA Group and HEVA Fund have launched a KES 20 million ($154,000) financing facility for startups and small businesses in Kenya’s creative economy, offering capital without collateral at a 9% interest rate. The Start-Up Incubator facility…
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Traders to protest over Sh700,000 increase in container customs benchmark
The traders are opposed to the increase in the minimum benchmark for a 40-foot container of consolidated cargo from Sh2.5 million to Sh3.2 million, effective August 20.
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Citibank Kenya to Close Mombasa Branch after 30 Years
Citibank Kenya is set to close its Mombasa branch on November 30, 2026, in a major change to its physical operations as the lender moves more of its corporate banking services to digital platforms. The closure will end Citi’s physical…
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PSC begins search for new Data Protection Commissioner
Kassait is expected to leave office later this year after serving a non-renewable six-year term as head of the Office of the Data Protection Commissioner (ODPC).
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Kenya Airways to introduce onboard Wi-Fi in 2027
Passengers flying Kenya Airways (KQ) on some of the airline’s longest routes could soon have one less reason to switch off completely once the aircraft takes off. The national carrier plans to start fitting its aircraft with onboard Wi-Fi…
3 min read
How Aga Khan Group Took Majority Control of Farmer’s Choice, Kenya’s Popular Sausage Brand
Farmer’s Choice traces its wider business roots to a small butchery established in Kenya in 1965, initially operating as East Africa Meat Products Limited. The business later underwent changes that led to the creation of the Farmer’s…
2 min read
MPs Weigh Minimum Ride-Hailing Fares as Uber, Bolt and Faras Warn of Higher Costs
The National Assembly Departmental Committee on Communication, Information and Innovation is considering proposed minimum fares for ride-hailing services, with Uber, Bolt and Faras warning that price controls could increase transport costs…
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KCB reports Foxcapital to DCI over alleged forged documents in Sh126bn suit
In a complaint to the DCI’s Banking Fraud Investigations Unit, KCB accused Foxcapital of filing documents and making statements under oath in High Court Commercial Suit No. E533 of 2026 that the bank says are forged or were not authorised…
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Gachagua raises alarm over alleged harassment of small-scale gas traders
Former Deputy President and Democracy for Citizens Party (DCP) leader Rigathi Gachagua has raised concerns over what he described as the targeted harassment, arbitrary arrests and seizure of property belonging to small-scale liquefied…
4 min read
Who Owns Kenya Airways? Full List of KQ’s Top Shareholders
Kenya Airways (KQ) is a publicly listed national carrier and one of Kenya’s largest airlines, operating passenger and cargo services to destinations across Africa, Europe, the Middle East and Asia. The airline is majority-owned by the…
3 min read
Mombasa City urged to improve transport sector to sustain maritime trade
Business community in the coastal city of Mombasa are calling on Mombasa County Government to improve local transport systems in a bid to attract additional investments in the maritime sector. According to the leaders, efficient transport…
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KQ to begin installing Wi-Fi on long-haul flights in 2027
Acting Managing Director and CEO George Kamal said the rollout will begin with aircraft operating long-haul routes to London, Paris, New York, China and Amsterdam before being extended to shorter routes.
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Parents urged to plan early for rising education costs
The planning is intended to help parents spread education costs over time while protecting their children’s education from unforeseen financial challenges.
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NCBA, HEVA to offer creatives financing at 9pc interest
Speaking on Capital FM, NCBA Product Manager for Commercial and SME Lending Michael Owino said the bank had recognised that creatives can operate viable businesses despite the different nature of their income streams.
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Citibank to close Mombasa branch after 30 years
The bank said it will consolidate its corporate banking operations at its Nairobi headquarters as it shifts more services to digital platforms.
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