(NAIROBI, KENYA) – KCB Bank has been allowed to place apartment blocks owned by Northcote Business Centre under administration to recover defaulted loans of $16 million (KES2 billion / £12.6 million). Northcote borrowed the sums from National Bank of Kenya. The loans are part of the portfolio KCB inherited afterContinue Reading
(NAIROBI, KENYA) – Kenya’s pension schemes sharply increased their holdings of quoted shares in the first half of 2026, moving more capital towards the Nairobi Securities Exchange (NSE) as falling government bond yields and rising share prices made equities more attractive. Data from the Retirement Benefits Authority (RBA) shows pensionContinue Reading
(NAIROBI, KENYA) – Prime Bank Group posted a 23.6% rise in net profit for the half year ended June 2026 to KES3.3 billion ($25.4 million / £20 million), driven mainly by lending to the government. The lender, which has a regional presence outside the East African Community, recorded a profitContinue Reading
(NAIROBI, KENYA) – Shareholders of companies listed on the Nairobi Securities Exchange will receive KES74.95 billion ($576.5 million / £454.2 million) in dividends between late August and early November, boosted by a sharp rise in corporate profits and share prices. The payouts have become a key source of cash forContinue Reading
(NAIROBI, KENYA) – Global cross-border payment platforms are cutting off cash transfer services to Kenya amid increased anti-money laundering scrutiny, with US firm Sendwave and UK-based Wise becoming the latest to restrict Kenyan users. Sendwave stopped wallet services in Kenya from August, citing technical difficulties. Wise has restricted some KenyanContinue Reading
(NAIROBI, KENYA) – Absa Group has failed in its bid to raise its stake in Absa Bank Kenya to as much as 85% through a tender offer worth about $238 million (KES30.8 billion / £187 million). The South African banking group bought 189.38 million shares from minority shareholders out ofContinue Reading
(NAIROBI, KENYA) – Businessman John Ngumi has lost his bid to keep his fight against the Ethics and Anti-Corruption Commission (EACC) out of the specialised anti-corruption court, with the Constitutional and Human Rights Court ruling that the case belongs in that division. The case concerns the EACC investigation into theContinue Reading
(Geneva, Switzerland) – The International Labour Organization (ILO) has called for stronger policies to help young people move from education to decent work amid rising informal employment, gender gaps, skills mismatches and rapid technological change. The call comes as the ILO Global Employment Trends for Youth 2026 report shows globalContinue Reading
(Nairobi, Kenya) – Kenyatta University Teaching, Referral, and Research Hospital (KUTRRH) has expanded specialised services in cancer, renal and cardiac care, showing Kenya’s growing ability to provide advanced medical treatment locally. The development comes as Kenya begins the Beyond 2030 National Conversation at the Kenyatta International Convention Centre, bringing togetherContinue Reading
(Nairobi, Kenya) – Family Bank Limited posted a 59.3% rise in profit before tax to KES4.6 billion ($35.4 million / £27.9 million) for the first half of 2026, up from KES2.9 billion ($22.3 million / £17.6 million) in the same period last year, driven by stronger private sector lending andContinue Reading
