(NAIROBI, KENYA) – Co-operative Bank of Kenya has posted a 28 percent growth in net profit to KES 18.02 billion in the first half of the year ended June 2026. The growth was driven by increased interest and non-interest income. The profit figure is equal to $139 million or £109Continue Reading
(NAIROBI, KENYA) – The High Court has declined to lift the suspension of Tata Chemicals Magadi Limited’s mining operations. The suspension stems from a licensing and compliance dispute with the government. The court said the suspension imposed by Mining Cabinet Secretary Hassan Joho on 28 July 2026 had already takenContinue Reading
(NAIROBI, KENYA) – Kenyan cryptocurrency startups are considering moving their operations abroad. The move follows new minimum capital requirements that founders say are beyond the reach of many early stage firms. At least five startup founders who spoke to media said they are considering registration in South Africa or Mauritius.Continue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya has failed in its attempt to be removed from a court case in which an M-Pesa customer has sued Safaricom over mobile money fraud. The court ruled that the central bank’s role as regulator of payment service providers makes its presence necessaryContinue Reading
(NAIROBI, KENYA) – Kenya and the International Monetary Fund have restarted discussions on a new lending programme. The arrangement is expected to provide fresh loans but will also bring difficult conditions for taxpayers. The Central Bank of Kenya said on Wednesday that an IMF team will visit Nairobi soon. TheContinue Reading
