Kenya’s Pension Assets Quadruple in 12 Years, Hit KSh 2.25 Trillion in 2024
Kenya's pension assets under management (AUM) reached KSh 2.25 trillion in 2024, capping off a decade-long expansion of the retirement benefits sector, data from the Retirement Benefits Authority (RBA) shows. [...]
Kenyan Firms Face Currency Conversion Risks After Tanzania Tightens Forex Rules
Kenyan companies with operations in Tanzania now face rising currency risks following a ban on the use of foreign currencies for domestic payments as the government aims to increase demand [...]Kenya's Listed Insurers in 2024: Profits, Payouts Untapped Potential
The Kenyan insurance sector demonstrated resilience and growth in 2024, with listed companies showing varied performance across different metrics. This comprehensive analysis compares the financial results of all NSE-listed insurance [...]KCB Group Overtakes Safaricom as Kenya’s Most Profitable Corporate
KCB Group has made history by overtaking Safaricom as Kenya’s most profitable corporate entity in group terms, posting a record profit after tax (PAT) of Ksh 61.8 billion in 2024. While Safaricom Kenya remains the most profitable company with Ksh 82.6 billion in PAT, losses from its Ethiopian operations dragged the group’s overall profit down to Ksh 42.7 billion. KCB’s strong performance was fueled by surging net interest income and higher operating income, marking a major shift in Kenya’s corporate profitability rankings. Is this the beginning of a new era in Kenya’s business landscape?Fuel Use Rises 2%, Kerosene Demand Dwindles
The consumption of fuel and other petroleum products grew 2% in 2024, an increase attributed to the growth in demand of AVGAS, Jet A1, Fuel Oils and Lubricants, according to Petroleum Institute [...]
Stanbic CEO Joshua Oigara Optimistic on Economy, Sees More Bank Consolidation
The Central Bank of Kenya’s decision to raise the minimum core capital requirement for banks to KSh 10 billion will drive further consolidation in the sector, according to Joshua Oigara, [...]
Why Family Businesses Should Prioritize Governance and Succession Planning
Family businesses bolster economies, drive growth, create jobs, and shape communities. Family businesses are responsible for over 70% of global GDP and provide 60% of the world’s employment, according to [...]African Tech Companies are Venturing Outside the Continent
African tech ventures, especially fintechs and asset financing companies, are seeking a foothold outside the continent, including to Mexico and Latin America. On the other hand, an increasing number of [...]
Kenya’s Private Sector Activity Expands for Fifth Month-Stanbic PMI
Kenya's private sector saw slight improvement in business conditions in February, marking its fifth consecutive month of expansion, the latest Stanbic Purchasing Manager Index (PMI) shows. “We reiterate that businesses [...]Blockchain Lobby Faults 3% Digital Asset Tax, Blurry Proposals in Crypto Bill
Representatives of the Kenya's blockchain industry have challenged the 3% Digital Asset Tax (DAT) on virtual assets and several provisions in the proposed crypto bill — claiming it exceeds global [...]Business Daily’s Misrepresentation of NSE Commodities Data Could Mislead Investors
The Business Daily newspaper has been running the same commodity and NSE market graphs for over six months, inaccurately depicting the prices of commodities such as gold and tea and [...]Only a Third of Kenyan Secondary Schools Have a Computer Lab
Kenya's prospects in digital literacy and economic equality may face immense challenges in the future as most secondary schools do not have a computer laboratory, and those who do struggle [...]
