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AfDB Rallies Stock Exchanges to Reinvent Africa's Financial Future
The African Development Bank Group (AfDB) has urged capital market players to help bridge the financing gap for the continent's development needs
NCBA Lifts Q3 Profit to KSh 16.4Bn Despite Higher Loan Loss Charges
NCBA posted a stronger Q3 with profit after tax at KSh 16.4Bn, up 8.5 percent. Operating income rose to KSh 53.4Bn while loan loss charges increased 24.5 percent to KSh 5.1Bn. Customer deposits and assets fell as lending stayed soft. Digital lending crossed KSh 1Tn, showing the Group’s strongest growth driver.
KCB Nine-Month Profit Rises 6.9%, Deposits Dip
KCB Group has posted a profit after tax of KSh 47.3Bn for the nine months to September 2025 on stronger interest income, tighter cost control
Ernest & Young Fined KSh 10 Mn Over Uchumi’s 2014 Rights Issue Failures
Ernst & Young has been fined KSh 10 million by the Capital Markets Authority over failures in Uchumi Supermarkets’ 2014 rights issue. CMA said EY did not ensure accurate disclosure of material facts in financial statements used in the transaction. The regulator also ordered three years of supervised remedial training for EY audit staff and warned that non-compliance could lead to a ban on auditing listed firms. Two former EY partners were also flagged for disciplinary action.
Ride-Hailing Drivers’ Strike Spikes Rush for Alternatives
A nationwide strike by a section of digital taxi operators is upending the ride-hailing market, sending drivers and riders scrambling for alternatives and briefly elevating Little Cab
Chase Bank’s Ex-Managers Hit With Fines Over False Bond Disclosures
The CMA has fined and disqualified former Chase Bank executives after finding they misled investors in the bank’s 2015 KSh 10Bn bond issue. Investigators concluded the Information Memorandum contained false financials, concealed related-party lending and an irregular bonus approved by the chair. Ex-Chair Zafrullah Khan, ex-CFO Makarios Agumbi and ex-corporate assets manager James Mwaura received multi-year bans and must undergo governance training.
Safaricom Lines Up KSh 40 Billion Corporate Debt Issuance
Safaricom has secured approval for a KSh 40Bn Medium Term Note programme, the largest corporate debt plan in Kenya. The move comes after EABL’s recent MTN attracted strong demand. The programme gives Safaricom room to raise funds across several tranches, including green or social notes. The first tranche will proceed once final terms are set and the CMA grants clearance.
Why Rural Electrification Costs May Soon Hit Your Power Bill
The country's push to rescue its struggling power sector has taken an ironic twist as lawmakers want to embed nearly KSh 30 billion in rural electrification debt
Microsoft's AI Project Gecko Targets Local Kenyan Languages
Project Gecko, an initiative aimed at building AI systems that work reliably in low-resource and oral-first communities, with Kenya serving as one of the project’s central testing grounds.
Laikipia's Aviation Traffic Picks Up as Conservancy Tourism Rebounds
Passenger traffic through Nanyuki Airstrip has surged for a second straight year, driven by renewed momentum for Laikipia’s high-end tourism circuit