NSE Market Cap Tops KSh 2.6 Trillion, Indices Hit Multi-Year Highs
The Nairobi Securities Exchange (NSE) closed the week at its strongest levels in years as market capitalization crossed KSh 2.6 trillion for the first time since February 2022. NSE 20 [...]
Co-op Bank H1 Profit Grows 8.4%, Non-Interest Revenue Dip
Listed lender Co-operative Bank of Kenya PLC has posted an 8.39% increase in profit after tax to KShs 14.08 billion for the six months ended 30 June 2025, up from [...]
Serena Hotels Swings to KSh 16Mn Loss in H1 2025 on Weak Margins, FX Impact
TPS Eastern Africa Plc, the parent of Serena Hotels, has reported a KSh 16 million loss after tax for the six months ended June 30, 2025, reversing a KSh 696 [...]End of an Era as DT Dobie Goes into Liquidation
CFAO Mobility Kenya has appointed an official liquidator for DT Dobie, kickstarting the process of formally winding up the iconic car dealer brand more than two years after it transferred [...]KRA Exempts Post-July 2025 Gratuity Payments from Income Tax
The Kenya Revenue Authority (KRA) has moved to ease the financial burden on retirees and other beneficiaries, announcing that gratuity payments earned after July 1, 2025, will no longer be [...]Govt Spent Kshs 1.2Bn to Build Jamhuri Sports Ground, then Demolished Most of It
The State Department for Sports is on the spot after the Auditor General’s 2023/24 report exposed massive waste of public funds, including the demolition of newly built sports facilities and [...]Blow to Bettors as Betting Levies Survive Legal Gamble
A Kakamega High Court has dismissed a constitutional petition that challenged several key tax provisions in Kenya's betting industry. I find that the petition has no merit. All declarations sought are declined, Judge Stephen Mbungi stated in the [...]Nation Media Group Cuts Interim Losses on Cost Controls, Digital Growth
Listed regional media company Nation Media Group (NMG) has reported a reduced interim loss for the six months to June 30, 2025, supported by significant cost cuts and growth in [...]Narok Court Declines to Halt Ritz-Carlton Opening
A Narok environmental and land court has declined to halt the opening of The Ritz-Carlton Maasai Mara Safari Camp. According to several sources in the Narok hospitality industry who requested [...]
South African Banking Giant FirstRand Group Mulls Kenya Entry
South African lender FirstRand Group, the biggest bank in Africa by market value, sees Kenya's ongoing increase in minimum capital requirements as an opportunity to enter the market. “We’d like [...]Total Transfers to Counties Hit KSh 4 Trillion after 12 Years as Ruto Signs New Bills
President William Rutohassigned new laws that will see a significant increase in funding for counties. This is not just more money; it is a stronger foundation for counties to deliver, [...]Proctor Allan Loses Bid to Block KCB Takeover
The High Court has thrown out a case by breakfast cereals processor, Proctor Allan (EA) Ltd, that sought to halt KCB Bank’s takeover of the company through receivership, ruling [...]
