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KCB Kenya Appoints Peter Ng'eno as New Corporate Banking Director
KCB Group has appointed Peter Kipkorir Ng’eno as the Director Corporate Banking-KCB Bank Kenya, with effect from March 27, 2026, succeeding John Okulo
Kenya Could Unlock Over US$700m from Waste Sector as New Circular Economy Investment Prospectus Highlights Investable Pipeline
The Kenya Investment Authority (Invest Kenya) has launched Waste Management and Circular Economy: Investment Pathways and Opportunities in Kenya, a new investment prospectus aimed at unlocking investment in Kenya’s waste management and circular economy sectors
Kenya Clarifies USB-C Rule, Affirms Budget Phones Remain Legal
The authority emphasized that the rules apply only to newly imported devices seeking type approval; phones already in circulation or in transit remain fully legal.
Treasury CS Mbadi Rules Out New Taxes In Finance Bill 2026
Treasury is betting that tighter enforcement, digital tax collection and broader compliance can raise enough revenue to support the next budget.
Afreximbank Unveils Eight Digital Trade Startups in Inaugural Accelerator Cohort
The African Export-Import Bank (Afreximbank) has launched the inaugural cohort of its “Afreximbank Accelerator Programme,” with eight startups.
Nairobi Securities Exchange Posts Record 2025 Performance, Moves to Extend Trading Hours
Total revenue crossed the KSh 1 billion mark for the first time, growing 31% year-on-year, supported by strong performance across both the equities and fixed income markets.
Why France Excluded South Africa, Invited Kenya, to G7 Summit
France has defended its decision to disinvite South Africa, a member of the G20, from the upcoming G7 Summit in Evian-les-Bains, choosing instead to invite Kenya as Nairobi prepares to host the Africa-France Summit in May.
Women, Older Kenyans and Low-Income Earners Most Anxious Over Debt-Old Mutual Report
Findings from the Old Mutual Financial Wellness Monitor 2025 indicate that about 40% of working Kenyans worry about their debt, a notable improvement from 53% a year earlier.
NSE Banking Index Posts Worst Day Since Launch as Four-Day Rout Wipes KSh 215Bn
The Nairobi Securities Exchange lost KSh 64.34Bn on Thursday March 26, extending a four-day selloff that has erased KSh 215.58Bn in market value, the third worst week since 2008. The Banking Index fell 3.91%, its worst session since launching in October 2025, with six of eleven banks dropping more than 4%. KCB traded 8.95 million shares worth an estimated KSh 595M. The selloff is being driven by the Iran war and Strait of Hormuz disruption, with Brent crude above $106 and Kenya facing a fuel price shock at the April 15 EPRA review. Market cap fell to KSh 3,257Bn. YTD gains have narrowed from 12.24% to 5.27%.
NCBA Posts Record KSh 23.4Bn profit as Nedbank Takeover Looms
NCBA Group PLC posted a record post-merger profit after tax of KSh 23.39 Bn for the full year ended 31 December 2025, up 7.0%, driven by a 27.7% surge in net interest income to KSh 44.08 Bn as funding costs collapsed. Total dividend rose 29.1% to KSh 7.10 per share, the highest since the 2019 CBA-NIC merger. Nedbank of South Africa has tabled a $855 million bid for 66% of NCBA, valued at 1.4 times book. CMA waiver secured February 2026. CBK approval expected Q3 2026, with deal closure targeted late 2026.
Sidian Bank Taps KCB's John Okulo as CEO to Steer Kenya's Fastest-Growing Bank
Sidian Bank has appointed John Okulo, currently Director of Corporate Banking at KCB Bank Kenya, as its new Managing Director and CEO effective 1 May 2026, subject to CBK approval. He succeeds Chege Thumbi, who retires on 30 June 2026 after nine years. The transition completes a full governance overhaul: former Cabinet Secretary James Macharia replaced Centum's James Mworia as chairman in October 2025, three new directors joined the board, and Centum exited entirely in March 2026. Okulo brings 28 years of experience across Standard Chartered, Stanbic, NCBA, and KCB, including founding NC Bank Uganda.