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Carbacid Interim Profit Rises on Valuation Gains as Core Operations Weaken
Carbacid Investments reported a 6.9% rise in half-year profit to KSh 464.96 million for the six months to January 2026, supported by a 3.8% increase in turnover to KSh 976.35 million. Operating profit fell 2.2% as gross margin narrowed to 64% and administration costs rose 15%. Earnings growth was driven mainly by KSh 106.20 million in equity revaluation gains, while operating cash flow declined 24% and cash balances fell after dividend payments exceeded cash generation.
After Two Years on the Grey List, Kenya Moves From Law to Action
Last week, the National Assembly committee on Finance and National Planning formally approved Naphtaly Kipchirchir Rono as the new Director-General of the FRC.
SGR Push to Malaba Marks New Phase in East Africa's Rail Race
MRE Real Estate's KSh 400mn Manyanja Mall Bets on Nairobi’s Neighbourhood Retail Surge
MRE Real Estate has broken ground on a Ksh 400 million mixed-use commercial mall in Eastlands, Nairobi, betting on the continued shift toward neighbourhood retail centres
Kenya Courts IFC to Structure KShs 5 Trillion Infrastructure Fund
President William Ruto has held talks with the International Finance Corporation (IFC) on plans to establish a National Infrastructure Fund aimed at mobilizing up to KShs 5 trillion for priority projects. The proposed hybrid fund is expected to attract multilateral and private sector capital to finance roads, energy, irrigation and transport, while easing pressure on public debt.
APA Insurance's Parent Company Taps EABL CFO Risper Ohaga to Lead Next Growth Phase
Financial services conglomerate APA Apollo, the parent company of APA Insurance, has appointed Risper Ohaga to succeed Ashok Shah, who has led the company for fifty years, as CEO
Kenya Airport Authority Plans Taxi-Hailing App at JKIA
Kenya Airports Authority is seeking a private technology partner to develop and operate a taxi-hailing app for Jomo Kenyatta International Airport under a public-private partnership model. The platform will serve licensed airport taxis, offer digital booking and tracking features, and generate revenue for KAA through a share of passenger fares, positioning it to compete with ride-hailing firms such as Uber and Bolt.
StanChart Kenya Names Gladys Warirah as CFO
Standard Chartered Bank Kenya has appointed Gladys Warirah as Chief Financial Officer, replacing Chemutai Murgor who will exit on 31 May 2026 after more than 25 years at the bank. The transition comes ahead of FY 2025 results due on 18 March, after the lender warned that net profit for the year would fall by at least 25 percent, largely due to pension settlement costs.
Global Aid Pullback Tests Kenya’s Circular Economy Ambitions
Kotaramaju is calling for a unified institutional framework that gives commercial banks and development finance institutions confidence to evaluate circular economy risks properly
Emirates, Cellulant Partner to Let Kenyans Split Airfare Payments
The feature targets Kenya’s mobile-first market, where mobile wallets like M-PESA and Airtel Money dominate but daily and per-transaction caps can restrict access to international airfare.
Bolt Rolls Out New Safety Feature Empowering Drivers to Flag High Risk Locations
Bolt, the leading on demand mobility platform has today announced the rollout of an enhanced driver safety feature that empowers drivers to flag locations they perceive as high-risk