Absa Declares Interim Dividend as H1 Profits Rise to KShs 11.7 Bn
Absa Bank Kenya has reported a 9.05% year-on-year rise in profit after tax to KShs 11.68 billion in the first half of 2025. Net interest income fell by 1.76% due [...]
The 100 Billion Dollar Question: Can Africa Afford Its Nuclear Energy Ambitions?
As Africa accelerates its energy transition in the face of climate change, economic growth, and population expansion, nuclear energy is emerging as a strategic option for many countries seeking reliable, [...]AIB-AXYS Bullish on Liberty Kenya, BAT; Cuts Outlook on NCBA, Safaricom
Nairobi-based brokerage firm AIB-AXYS Africa has issued its August 2025 equities strategy, highlighting double-digit upside potential for Liberty Kenya Holdings, British American Tobacco Kenya (BAT Kenya), KCB Group, and Equity [...]
Consolidated Bank Posts KShs 7.6 Million Profit Amid Capital Deficit
Consolidated Bank of Kenya Limited posted a profit after tax of KShs 7.6 million for the six months ended June 2025, reversing a KShs 84.5 million loss in the same [...]Consolidated Bank Posts KShs 7.6 Million Profit Amid Capital Deficit
Consolidated Bank of Kenya Limited posted a profit after tax of KShs 7.6 million for the six months ended June 2025, reversing a KShs 84.5 million loss in the same period last year.Disbandment of Road Agencies Looms as New Law Shortens Directors' Terms
Parliament has shortened contracts of the director generals of key road agencies in what is engineered to promote good governance and ensure performance in the state corporations. “The principal object [...]U.S Indicts Kenyan Citizen in Mexican Cartel Arms Trafficking Case
A Kenyan national, Elisha Odhiambo Asumo, has been indicted in the United States for conspiring to supply military-grade weapons to Mexico’s infamous Cartel de Jalisco Nueva Generación (CJNG). “If convicted, [...]How Safaricom is Leveraging AI to Bolster M-Pesa Security and Efficiency
Safaricom is increasingly integrating Artificial Intelligence (AI) into its M-Pesa platform, particularly to strengthen fraud detection capabilities and enhance overall system monitoring and prediction. This adoption of AI is part [...]
Equity Group's H1 Profit Rises 17% on Strong Subsidiary Margins
Equity Group Holdings has reported an 11.8% jump in profit before tax to KSh 41.54 billion, while profit after tax advanced 16.9% to KSh 34.63 billion. Earnings per share improved [...]Mobile Money Transactions Plunge 29% in May as Small Payments Weaken
The mobile money sector showed signs of strain in May, with the number of transactions dropping nearly 30% even as the overall value of transfers edged higher, highlighting a shift [...]Eight Insurers Suspend Nairobi Hospital Over Tariff Hike as Governance Disputes Escalate
The Nairobi Hospital is facing simultaneous pressure from its largest medical insurance partners and internal governance challenges. According to Osano, independent comparisons showed the revised rates remain competitive against peer [...]Court Upholds CMA’s Power to Probe Former Real People Kenya Executives
The High Court has rejected an appeal by four former senior executives of micro lender Real People Kenya Limited who sought to block the Capital Markets Authority (CMA) proceedings over [...]
