Prime Bank's Profits Jump 28% to KSh 5.56 Bn as Falling Funding Costs Drive Widest Margin in 33 Years
Prime Bank Group, Kenya's largest Tier II lender and tenth biggest bank by market share, posted a 27.6% rise in net profit to KSh 5.56 billion for the year ended December 2025. Net interest income surged 49.1% to KSh 9.93 billion as interest expense fell 11.6% during the CBK's easing cycle. Total assets expanded 44.6% to KSh 277.25 billion, concentrated in government securities, while net loans held flat at KSh 55.56 billion. Gross NPLs improved 7.4% to KSh 5.59 billion. EPS rose 27.6% to KSh 836.
Kenya Railways Posts KSh 28 Bn Loss on SGR Loan Costs
Kenya Railways Corporation narrowed its operating loss by 65% to KSh 581.5 Mn for the year ended 30 June 2025 as freight haulage hit a record 8.16 million tonnes and total revenue climbed 18.6% to KSh 30.52 Bn. SGR revenues grew 9.1% to KSh 19.42 Bn. The gains were absorbed by KSh 25.97 Bn in interest on the GoK on-lent SGR loan (originally China Exim Bank), leaving a net loss of KSh 28.17 Bn. The loan balance grew 4.0% to KSh 672.04 Bn. Negative equity widened to KSh 121.08 Bn. The Auditor-General issued a qualified opinion on six grounds including unsupported land and revenue inaccuracies.Parliament Probes KSh 752mn Miwani Sugar Land Auction
The parliamentary inquiry was triggered by a petition tabled by Suba South MP Caroli Omondi, which calls for a full accounting of the land’s ownership history, the identities behind Crossley Holdings, and the actions or inaction of public officials involved.
Kenya Secures Over US$2.9 Billion in Investment Deals as KIICO 2026 Opens
The Kenya International Investment Conference (KIICO 2026) opened today with the announcement of investment deals worth over US$ 2.9billion
President Ruto Pitches Tax Breaks, Reforms as Kenya Targets US$2.5bn in New Investments
During his keynote address at the 2026 Kenya International Investment Conference (KIICO), President William Ruto delivered a blunt message to foreign investors: the country’s new investment strategy will rely less on promises and more on tax incentives, regulatory reforms, and faster approvals.Grounded Dreamliners and Fx Reversal Push Kenya Airways to 17.2 Bn Loss
Kenya Airways reported a net loss of 17.2 Bn for the full year ended 31 December 2025, reversing the 5.4 Bn profit that had marked its only profitable year in the past thirteen. Revenue fell 14.3% to 161.5 Bn after the grounding of three Boeing 787-8 Dreamliners due to GE Aerospace engine supply chain constraints cut capacity by 18% and passengers by 12.9% to 4.55 million. Negative equity deepened to 132.1 Bn. The government is seeking a strategic investor willing to inject up to $2 Bn, with four parties in active talks. Load factors have surged to near 100% in early 2026 as Middle East conflict reroutes traffic through Nairobi.Airtel Africa Completes Starlink Mobile Tests in Kenya, Awaits Regulatory Clearance for Commercial Launch
Airtel Africa and SpaceX have completed field tests of Starlink Mobile's direct-to-cell technology in Kenya, connecting standard 4G smartphones to low-Earth orbit satellites in areas with no terrestrial signal. Tests confirmed successful WhatsApp, maps, and Airtel Money transactions without hardware changes. Airtel Africa, which covers 91% of Kenya's population terrestrially, is the first African operator to offer the service. A commercial launch depends on regulatory approvals from Kenya's Communications Authority and 13 other national regulators across Airtel Africa's markets.Ethiopian Airlines Partners with Marriott's Loyalty Program
Kenya Targets Over US$ 2bn in Investment Deals at #KIICO2026
Kenya has officially launched the Kenya International Investment Conference (KIICO) 2026, a flagship investment forum expected to mobilise more than Sh260 billion ($2 billion) in new investment commitments
Equity Group Shifts Expansion Plans to Angola as Ethiopia Entry Delays Persist
Equity Group is prioritizing expansion into Angola through a planned acquisition in Luanda, as regulatory and licensing delays continue to slow its long-standing efforts to enter Ethiopia.Kenya is Winning the Electric Mobility Race- M-KOPA Mobility GM
What stands out about Kenya's e-mobility reality and potential is not any single intervention, but the alignment between policy, infrastructure, and financing.
Nairobi Ranks 6th in Sub-Saharan Africa, 56th Globally, in New Attractiveness Index
Nairobi has been ranked 56th globally and sixth in Sub-Saharan Africa in a new Global Attractiveness Index, reflecting a mixed profile of economic strength alongside persistent infrastructure and social constraints.
