Banks To Prioritize Recovery of Personal Loans as Defaults Surge to 20-Year High
The banking sector is sharpening its focus on recovering personal and household loans as the industry grapples with the highest rate of non-performing loans (NPLs) in two decades. Alongside personal [...]
Stockbroker EFG Hermes Kenya Shuts Down Retail Brokerage Unit
Nairobi-based financial services firm EFG Hermes Kenya has shut down its brokerage retail business due to challenges in the economic landscape that have impacted business and volumes. This decision has [...]
Nairobi Burger Chain Mama Rocks Faces Uncertain Future As Co-Founder Files for Liquidation
Mama Rocks – Burger Kitchen Limited, a Nairobi-based gourmet burger chain, is facing possible liquidation following a petition filed by one of its co-founders, Samantha Amimo Mwedekeli. “Notice is given [...]Gold Refineries in Nairobi Are Fuelling Smuggling from Neighbouring Countries
The large number of gold refineries operating in Nairobi and its surroundings is fuelling smuggling across the region, a new report by the development organisation SWISSAID claims. “These refineries might [...]Kenya's Unit Trusts Edge to Half a Trillion in Assets, Sanlam Dethrones CIC
Kenya’s unit trust industry has entered 2025 at full throttle with Assets under management (AUM) smash every record, surging to KSh 496.2 billion in March—up 28% in just three months [...]
Private Sector Growth Slows as Consumers Remain Hesitant on Spending
The private sector’s seven month run of improving business conditions suffered a mild halt in May as rising prices contributed to a drop in customer spending. “The Stanbic Kenya PMI signalled fragility [...]UAE Displaces Sudan Among Top Markets for Kenya's Tea amid Diplomatic Row
Kenya’s tea exports to Sudan slumped by over a third, month-on-month, amid a deepening diplomatic fallout between Nairobi and Khartoum. The trade freeze has tangible consequences for Kenya’s exports as [...]Standard Group 2024 Net Loss Eases to KSh 1.1Bn, Revenue Decline Continues
Standard Group PLC has released FY2024 financial results later than expected—on 5th June 2025 instead of the originally scheduled 9th May—highlighting the media company’s struggle to finalize its external audit [...]As New SHA CEO Takes Office, Health Facilities Face Deepening Cashflow Crisis
Between January and March this year, only 20% of facilities contracted under SHA’s Primary Health Care (PHC) model received full monthly reimbursements, according to a new survey of 332 health [...]Properties, Schools Targeted in Nationwide Data Compliance Crackdown
Kenya’s Office of Data Protection (ODPC) is targeting education, hospitality, and property management sectors during the next financial year in a countrywide investigations to enforce data privacy compliance. “It is essential [...]NSSF Risks Losing KSh 15.6 Billion in Unpaid Contributions, Disputed Assets
The National Social Security Fund (NSSF) is exposed to at least KSh 15.6 billion in unresolved financial claims, asset impairments, and contribution arrears, according to the pension firm's internal disclosures. [...]Mi Vida Homes Secures Bulk Sale of Residential Units at KEZA Riruta to Local Fund
Residential developer Mi Vida Homes has secured a bulk sale of a portion of its 1, 100 units KEZA Riruta residential development located off Naivasha Road to a local fund. [...]
