Court Faults Equity Bank After Client’s Car Is Transferred During Loan Tenure
The dispute traces back to April 2016 when Mungatia took a KSh300,000 loan from the lender, surrendering the original logbook of his Mercedes Benz as security
Data Boom, Subscriber Growth Lift Airtel Uganda Earnings in 2025
The telco attributed the shift to higher data consumption, wider smartphone adoption, and a growing preference for bundled services.
CIC Insurance Issues Profit Warning as Claims Pressure Builds
CIC Insurance Group has issued a profit warning, saying FY 2025 profit after tax will fall by at least 25% from 2024 as elevated claims and weaker underwriting weigh on earnings. The warning comes a week after the insurer sold land worth about KSh 1.8 Bn to improve liquidity and reflects the absence of a one-off KSh 1.0 Bn land revaluation gain booked last year, which had lifted reported profits.Rising Highway Theft Prompts Calls for Higher Freight Rates
Kenya's Competition Watchdog Fines GT Bank KSh 33.18mn in Credit Renewal Dispute with Manufacturer
Kenya’s competition watchdog has ordered Guaranty Trust Bank Kenya Ltd, a commercial lender headquartered in Nigeria, to pay a fine of KSh33.18 millionKenyan Authorities Fall Short in Online Takedown Push
Nedbank Moves Closer to NCBA Acquisition after CMA Nod
Nedbank’s proposed acquisition of NCBA has advanced after Kenya’s Capital Markets Authority granted an exemption from the mandatory takeover rule, allowing a partial pro-rata offer capped at about 66 percent. Shareholder backing has strengthened, with irrevocable undertakings rising to 77.54 percent of NCBA shares, reducing execution risk as the deal awaits remaining regulatory approvals.Kenya’s Unpaid KSh 3.5bn AFCON Fee Sparks Budget Concerns for 2027
Kenya Added KSh 1.37 Trillion Debt in 2025, Domestic Lenders Carry the Load
Kenya’s public debt increased by KSh 1.37 trillion in 2025 to KSh 12.30 trillion, lifting the debt ratio to 67.5 percent of GDP. Domestic borrowing accounted for about 70 percent of the rise, with banks, insurers, and pension funds absorbing most new issuance. External debt grew more moderately, led by multilateral lenders, while bilateral exposure fell, including sharp reductions from China. Debt servicing pressures intensified, with nearly half of FY 2025/26 interest costs already incurred by December.Kenya's Formal Milk Intake Crossed One Billion Litres in 2025
Kenya’s formal milk intake crossed one billion litres in 2025 for the first time, rising 11.5% from 909.0 million litres in 2024. The milestone caps a strong post-2021 rebound after a 2022 dip, with three straight years of growth. Monthly data shows 11 of 12 months hitting record highs, lifting the annual total. Sector reforms, expanded collection networks, and more stable processor payouts pulled more milk into formal channels, pointing to a durable shift rather than a temporary seasonal lift.NSE Posts First Five-Day Losing Week Since March 2025
The NSE ended the week of Feb 20, 2026 lower in all five sessions, its first full weekly decline since March 2025. The market shed KSh 107.47Bn after a record rally the prior week, yet 14 stocks hit new 52-week, multi-year, and all-time highs, highlighting sharp internal divergence.Communications Authority Acquires ID-to-SIM Card Verification System
Kenya plans to procure a cloud-based ID-to-SIM verification platform that will allow individuals to check, via SMS, which mobile numbers are registered under their identification documents.
