(NAIROBI, KENYA) – Nine small stocks at the Nairobi Securities Exchange have shed KES 2.25 billion in valuation this year. That is equal to $17.4 million or £13.7 million at current exchange rates. The losses run against the general market rally that has handed investors in other companies KES 1Continue Reading
(NAIROBI, KENYA) – The Kenya Revenue Authority has been blocked from demanding taxes on service charge collections by building and estate managers. The ruling follows a four year dispute with Nextgen Mall Management Company. The Tax Appeals Tribunal ruled that Nextgen Mall Management Company only handled funds as a conduitContinue Reading
(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 expects inflation to peak lower than previously projected. The revision comes amid anticipation that the conflict involving the United States, Israel and Iran will be resolved soon. The central bank projects inflation will peak at 6.8 percent in January 2027 before easingContinue Reading
(NAIROBI, KENYA) – KCB Group has raised its interim dividend by 50 percent to KES 3 per share after reporting a 14.2 percent growth in net profit for the half year ended June. The regional lender posted a net profit of KES 36 billion, up from KES 31.5 billion recordedContinue 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
(NAIROBI, KENYA) – The number of Primary Care Networks across Kenya’s 47 counties rose 22 percent to 277 in the 2025/26 financial year, as devolved governments accelerate a model designed to move routine health services closer to households and ease the burden on referral hospitals. The networks, up from 227Continue Reading
