Kenyan business and current-affairs publication covering companies, markets, economy, careers, technology and national news.
CIC Insurance Group, a regional underwriter saw its net profit rise 70.3% to KSh 1.09 billion for the six months’ period ended 30th June 2026, boosted by investment return with grew 43.9% to KSh 3.96 billion. Operating profit rose 20.6% to…
NSE(Nairobi Securities Exchange) Half-Year Net profits surged 386% to KSh 736.9 million as levy transaction income from several block trades, impact of two IPOs and data income lifted the bourse’s earnings profile during this period. The…
Britam Holdings Plc has reported a 52 per cent increase in profit before tax to Ksh3.8 billion for the six months ended June 30, 2026, from Ksh2.5 billion recorded in the same period last year. The insurer said the performance provides a…
A CBK (Central Bank of Kenya) survey undertaken in July lists concerns that most Kenyan Chief Executives Officers have, including subdued demand, high operating costs, tax refund delays, financing constraints, raw-material shortages,…
Taxpayers with outstanding debts to the Kenya Revenue Authority (KRA) have been reminded that the 2026 tax amnesty is not a cancellation of their entire tax bill. KRA said the relief only covers qualifying penalties, interest and fines,…
SACCOs (Savings and Credit Cooperative Societies) sections are quietly protesting over plans to dissolve the Kenya Union of Savings and Credit Cooperatives Limited(KUSCCO), now facing liquidity problems. Many SACCOs insist that dissolving…
The opposition is gearing closer to the unity but even as its principals signed an agreement to work together this week, one of the coalition’s most prominent figures was pursuing his own political agenda. The United Alternative Government…
A man identified as Jones Bogonko Onchonga made a surprise move after he allegedly convinced a Lodwar based clergy of his credentials and was allowed to lead Mass and administer sacraments to congregants. According to Citizen TV Kenya,…
HFCB (Housing Finance Company of Kenya Bank), an integrated financial services provider, has delivered a stronger half-year performance with its net profits rising to KSh 998.3million and pre-tax earnings up 74.2% to KSh 1.22billion. This…
The government has defended its crackdown on illegal liquefied petroleum gas (LPG) operations after former Deputy President Rigathi Gachagua accused authorities of harassing small-scale gas traders and alleged that more than 200,000…
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…
SACCOs(Savings and Credit Cooperative Societies), especially those that offer Front Office Service Activity(FOSA), are struggling to keep up with growing competition in the financial markets. This follows delays by Parliament to speed up…
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…
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…
Kakuzi Plc, an agricultural firm listed both in Nairobi and London Stock Exchanges, saw its 2026 half-year pre-tax profit drop 97.65% to KSh 10.4 million from KSh 435.2 million, with the firm declaring no interim dividends to its…
The historic Kamukunji Grounds in Nairobi, regarded as an important site in Kenya’s journey towards multiparty democracy, has been transformed into a modern public recreational and community facility under the Nairobi Rivers Regeneration…
The Absa Africa Financial Markets Index Report will be launched October 14th 2026, on the sidelines of the International Monetary Fund(IMF)-World Bank meetings in Bangkok, Thailand. The Absa report launch will bring together policy-makers…
The Cooperative sector is eagerly waiting for the Senate and Parliament to fast-rack processing of the Draft Cooperatives Bill 2024, for onward transmission to the desk of President Dr William Samoei Ruto for his signature. The…
In 2020, at the height of Covid-19 pandemic, Ms Nyandia Kamawe, the founder of a handcrafted products’ firm, Mokomaya, was busy cutting bottles and painting them. At the time, service-oriented businesses, particularly those in the retail…
Sameer Africa Group Plc posted a 19.86% rise in half year net profit to KSh 103.89 million from KSh 86.67 million over a similar period in 2025.
Investor appetite for government securities remained strong after the Central Bank of Kenya (CBK) received bids worth Ksh 22.58 billion in its latest Treasury bond switch auction, well above the Ksh 15 billion it had targeted. The results…
Taxpayers with old debts have another chance to clean up their records as the Kenya Revenue Authority (KRA) pushes eligible Kenyans to take advantage of the 2026 Tax Amnesty Programme before the December 31 deadline. The six-month…
Car & General (K) Limited was the day’s top price loser when trading ended at the Nairobi Securities Exchange(NSE) Monday 24th August, the counter shedding 9.95% to close at KSh 337.00. When the bourse closed trading last week, Car&…
The National Treasury has set a Ksh 1.15 trillion borrowing target for the 2026/27 financial year as the government seeks to finance its budget deficit while refinancing part of its existing debt. The borrowing target is contained in the…
