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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

China-backed mediation body poised to reshape global disputes

This new body aims to offer a flexible alternative for resolving international disagreements amid rising global tensions and challenges to traditional dispute resolution systems.

China-backed mediation body poised to reshape global disputes

Afreximbank roots for Caribbean-Africa Trade amid rising global tensions

Afreximbank roots for Caribbean-Africa Trade amid rising global tensions

Lessons Kenya can learn from China's ruling Communist Party

Lessons Kenya can learn from China's ruling Communist Party

NCBA Group appoints new executive to lead Kenya unit

NCBA Group appoints new executive to lead Kenya unit

Kenya's top lender KCB posts Q1 profit of Sh16.53b, StanChart takes a hit

Kenya’s largest lender by assets, KCB Group, posted an after-tax profit of Sh16.53 billion in the first quarter of the year ending March.

Kenya's top lender KCB posts Q1 profit of Sh16.53b, StanChart takes a hit

Co-op Bank first quarter profit up 5.3pc to Sh6.9b amid expansion push

Co-op Bank has reported a by 5.3 per cent growth in profit after tax for the first quarter of 2025, driven by income growth, as the tier one lender expands its footprint across Kenya and South Sudan.

Co-op Bank first quarter profit up 5.3pc to Sh6.9b amid expansion push

CBK rejects banks' rate cap claims, digs in on Ruto's loan reforms

The Central Bank of Kenya (CBK) has dismissed commercial lenders' claims that its proposed loan pricing reforms amount to a return to “interest rate capping.”

CBK rejects banks' rate cap claims, digs in on Ruto's loan reforms

'Ni hao' Kenya roses!: China's flower lovers say yes

Currently, logistical hurdles mean Kenyan flowers are primarily sold on order in China, bypassing the dynamic auction system that defines Dounan's daily rhythm.

'Ni hao' Kenya roses!: China's flower lovers say yes

China's tea festival showcases poverty-fighting model for Kenyan farmers

An integrated approach to value addition, proactive market development, and comprehensive farmer support could offer insights for nations like Kenya.

China's tea festival showcases poverty-fighting model for Kenyan farmers

Chinese wine makers aim for global dominance

Once primarily known for its consumption, the nation is now home to ambitious winemakers like Qingdao Huadong, setting their sights on global recognition.

Chinese wine makers aim for global dominance

Showdown looms as banks reject CBK's cheap loans reform plan

Banking industry interprets this review process as a form of price control. Under the new radical reforms, the State also proposes to subject banks’ loan mark-ups to regulatory scrutiny.

Showdown looms as banks reject CBK's cheap loans reform plan

Local banks bet on Pan-African payment system to spur trade

Kenya's leading lenders KCB Group and Equity Group, are strategically aligning with the Pan-African Payment and Settlement System to capitalise on intra-African trade.

Local banks bet on Pan-African payment system to spur trade

Direct flights, SGR extension and trade top list of Ruto, Jinping deals

President William Ruto has wrapped up his state visit to China, during which he secured a series of agreements spanning infrastructure, healthcare, security, and trade.

Direct flights, SGR extension and trade top list of Ruto, Jinping deals

Ruto seals China deals, eyes 25,000 jobs for Kenyans

President inks multi-million shilling agreements with seven firms to enhance manufacturing sector. He says country has intensified focus on innovation.

Ruto seals China deals, eyes 25,000 jobs for Kenyans

Shilling's rally set for dividends season dollar demand test

Listed firms have declared their dividend payouts and set crucial book closure dates for 2025.This is expected to test the resilience of the local currency as demand.

Shilling's rally set for dividends season dollar demand test

Ruto takes Kenya's wishlist to Beijing as trade winds shift

Kenya is one of the countries affected by the punitive tariffs imposed by the Donald Trump administration, which have sparked a global trade war.

Ruto takes Kenya's wishlist to Beijing as trade winds shift

Inside Ruto's high-stakes China visit amid raging global trade war

Analysts suggest President Ruto’s visit presents a unique opportunity for Nairobi to leverage the US-China fallout to Kenya’s advantage.

Inside Ruto's high-stakes China visit amid raging global trade war

World Haemophilia Day: AAR operates special clinic to sensitise untreated bleeding disorders

The clinic aims to improve access to testing for haemophilia, a genetic condition affecting blood clotting in an estimated 1 in 10,000 people globally.

World Haemophilia Day: AAR operates special clinic to sensitise untreated bleeding disorders

Ruto to seek more loans for stalled projects in China visit

Ruto is expected to seek Chinese support in reviving key infrastructure projects that have stalled, including the extension of the Mombasa-Nairobi Standard Gauge Railway to Malaba.

Ruto to seek more loans for stalled projects in China visit

Afrexim pushes for Africa trade bloc as protectionism bites

The African Export-Import Bank is urging African nations to aggressively pursue internal trade integration through AfCFTA as a critical buffer against a rising tide of global protectionism.

Afrexim pushes for Africa trade bloc as protectionism bites

SBM Bank Kenya swings to Sh12.4m quarter 1 net profit

SBM Bank Kenya Ltd posted an after-tax profit of Sh12.4 million in the first quarter of 2025, reversing a Sh370 million loss recorded last year.

SBM Bank Kenya swings to Sh12.4m quarter 1 net profit

Kenyan bankers partner with UK Institute to bolster credit risk management

The Kenya Bankers Association has joined forces with the Chartered Institute for Securities & Investment to elevate standards in credit risk management within Kenya's banking sector.

Kenyan bankers partner with UK Institute to bolster credit risk management

Kenya backs closer China-Africa ties amid global trade friction, urges diplomat retraining

A senior Kenyan diplomat has called for the retraining of African diplomats to effectively navigate the evolving international landscape.

Kenya backs closer China-Africa ties amid global trade friction, urges diplomat retraining

Trump taps Kenya for pacts in agriculture despite tariff spat

The Trump administration is now prioritising Kenya for food and agriculture agreements despite having imposed tariffs that have strained the trade partnership between Nairobi and Washington.

Trump taps Kenya for pacts in agriculture despite tariff spat

Chinese top milk producer Mengniu sees 'lots of opportunities' in Africa

Analysts see Kenya and other African countries with their significant milk deficit, as a particularly attractive market.

Chinese top milk producer Mengniu sees 'lots of opportunities' in Africa

CBK rejects Trump currency manipulation claims amid Sh12.9b tariffs hit

CBK Governor Kamau Thugge said that CBK's interventions in the foreign exchange market were aimed at smoothing out volatility, not manipulating the shilling's exchange rate for trade advantage.

CBK rejects Trump currency manipulation claims amid Sh12.9b tariffs hit

KCB cuts rates in boon for borrowers

In a public notice, KCB stated it would lower its base lending rate from 14.6 per cent to 13.85 per cent per annum.

KCB cuts rates in boon for borrowers

CBK cuts key rate again as bad loans climb to record Sh700b

CBK slashed the Central Bank Rate by 75 basis points to 10.00 per cent in March, down from 10.75 per cent in February.

CBK cuts key rate again as bad loans climb to record Sh700b

CBK faces pressure over US tariff, currency manipulation claims

Monetary Policy Committee meets today to deliberate on key lending rate. CBK has previously denied claims of shoring up the shilling against the dollar.

CBK faces pressure over US tariff, currency manipulation claims

What Kenya can learn from China on how targeted approach lifted 800 million from poverty

At the heart of this strategy was the concept of "targeted poverty alleviation," championed by President Xi Jinping.

What Kenya can learn from China on how targeted approach lifted 800 million from poverty

Tala feted as top digital lender in risk management

Kenyan fintech firm Tala has been recognised as the Best Digital Credit Provider in Risk Management at the inaugural Think Business Digital Lenders Awards 2025, the company said on Monday. 2

Tala feted as top digital lender in risk management

Africa urged to 'derisk' from US after Trump's tariffs

African nations, including Kenya, should strategically reduce their economic reliance on the United States and diversify their trade and industrial partners.

Africa urged to 'derisk' from US after Trump's tariffs

Trump imposes 10pc tariffs on Kenyan goods

Kenyan exports to the US are set to be hit hard after President Donald Trump announced a 10 per cent tariff on all goods from Kenya.

Trump imposes 10pc tariffs on Kenyan goods

Ex-IMF adviser: Kenya should improve safety nets for the poor

A former adviser to IMF has called on Kenya to prioritise social safety nets while simultaneously expanding the economy through targeted international investment.

Ex-IMF adviser: Kenya should improve safety nets for the poor

Equity bank to pay record dividend after Sh46.5 billion profit surge

Equity Group has increased its dividend payout to a new record, rewarding shareholders with a larger return following a significant profit recovery.

Equity bank to pay record dividend after Sh46.5 billion profit surge

Xi reaffirms open China, denounces protectionism in rare speech

President Xi Jinping, in a rare public address to global business leaders, sought to reaffirm China's commitment to open markets and denounced protectionist tariffs.

Xi reaffirms open China, denounces protectionism in rare speech

Auto dealer Caetano banks on Chinese brand to boost locally assembled vehicles

Caetano will sell the locally assembled JMC Vigus pickups, utilizing Chinese-made Completely Knocked Down (CKD) kits. The deal is expected to create jobs, facilitate skill development.

Shareholders joy as more banks up dividends on surge in profits

Among the biggest beneficiaries are the Ndegwa and Kenyatta families, who will pocket Sh1.3 billion and Sh1.1 billion, respectively after NCBA booked a 21.9 billion profit.

Shareholders joy as more banks up dividends on surge in profits

Chinese Professor addresses Dalai Lama's claims on reincarnation

A leading Chinese professor on Thursday addressed the Dalai Lama's recent controversial comments regarding the future of the reincarnation of the Tibetan spiritual leader.

Chinese Professor addresses Dalai Lama's claims on reincarnation

KCB diversifies MSMEs offering with acquisition of fintech firm

Kenya’s largest bank by assets, KCB Group, has announced a strategic move to bolster its digital capabilities by acquiring a 75% stake in Riverbank Solutions Ltd, a homegrown fintech firm.

KCB diversifies MSMEs offering with acquisition of fintech firm

Top lenders smile to the bank with Sh141 billion profits

Notably, Equity Group, Kenya’s largest lender by customer base, and other mid-tier banks are yet to release their financials, suggesting the overall sector performance could be even more robust.

Top lenders smile to the bank with Sh141 billion profits

AAR expands dialysis services to meet demand

AAR Hospital is expanding its dialysis services in response to increasing demand, a trend reflecting the growing economic burden of kidney disease in Kenya.

AAR expands dialysis services to meet demand

CGTN-Africa to expand continental reach with increased investment

CGTN Africa is set to enhance its resources significantly to broaden its coverage across the continent, ensuring comprehensive reporting from all five African regions.

CGTN-Africa to expand continental reach with increased investment

Co-op Bank splashes Sh8.8b dividend as profit hits Sh26b

CEO attributes higher earnings to increased interest and non-interest income, and effective cost control.

By 2 months ago

Co-op Bank splashes Sh8.8b dividend as profit hits Sh26b

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