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.
By 2 days ago
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.
By 8 days ago
Co-op Bank first quarter profit up 5.3pc to Sh6.9b amid expansion push
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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.”
By 9 days ago
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.
By 10 days ago
'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.
By 16 days ago
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.
By 18 days ago
Chinese wine makers aim for global dominance
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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.
By 21 days ago
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.
By 25 days ago
Local banks bet on Pan-African payment system to spur trade
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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.
By 28 days ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
Kenya backs closer China-Africa ties amid global trade friction, urges diplomat retraining
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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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
KCB cuts rates in boon for borrowers
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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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
Auto dealer Caetano banks on Chinese brand to boost locally assembled vehicles
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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
KCB diversifies MSMEs offering with acquisition of fintech firm
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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.
By 1 month ago
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.
By 1 month ago
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.
By 1 month ago
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
Koech: Kenya not changing allegiance to China
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By Brian Otieno
1 hr ago
Mudavadi, firm battle over prime land in Vihiga County
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How Ruto moved the Public Seal during June protests
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We're not shifting loyalty to China, MP assures US
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