(NAIROBI, KENYA) – HFCB Plc Group has reported a 59.9% increase in profit after tax for the half year period ended June, driven by higher earnings from lending and other banking activities. The mid-tier lender’s net profit rose to KES 998.3 million (about $7.6 million / £6 million / €7Continue Reading
(NAIROBI, KENYA) – Old Mutual Holdings net profit rose to KES 882 million (about $6.7 million / £5.3 million / €6.2 million) in the half year to June 2026, exceeding its 2025 full year earnings in six months, driven by the benefits of disposing of underpriced medical customer accounts. UnderpricedContinue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya has approved the acquisition of up to 66% of NCBA Group by South Africa’s Nedbank Group, clearing a key hurdle for the conclusion of the KES 110 billion (about $838 million / £659 million / €769 million) transaction. Investors in the NairobiContinue Reading
(NAIROBI, KENYA) – Flight disruptions continued at Kenya’s major airports on Tuesday as airlines worked to clear a backlog created by a two day strike by aviation workers that brought operations to a near standstill. The strike began on Sunday and was called off on Tuesday morning. It forced airlinesContinue Reading
(NAIROBI, KENYA) – Safaricom has begun paying shareholders its final dividend of KES 46.08 billion (about $351 million / £276 million / €322 million) ahead of the official 4th September payment date, giving investors early access to the telecommunications firm’s record payout. The company approved a final dividend of KESContinue Reading
(NAIROBI, KENYA) – The Kenya Union of Savings and Credit Co-operatives (Kuscco) has entered formal liquidation after members voted to wind up the umbrella body, a move that will see its estimated KES 5.4 billion (about $41 million / £32 million / €38 million) in assets distributed among creditors owedContinue Reading
(NAIROBI, KENYA) – Absa Bank Kenya and Co-operative Bank of Kenya recorded the highest pre-tax earnings from bancassurance among listed lenders in the first half of 2026, as banks increased their push into insurance distribution to diversify income beyond lending. Disclosures show Absa generated KES 1.1 billion (about $8.4 millionContinue Reading
(NAIROBI, KENYA) – The board of Kenya Airways has removed George Kamal as acting group managing director and chief executive officer after just over eight months in the role. He has been replaced by Habil Waswani, the airline’s company secretary and head of legal, who will also serve in anContinue Reading
(NAIROBI, KENYA) – Telecommunications operators in Kenya will be required to wait six months before deactivating and reassigning dormant mobile numbers, up from the current three-month practice, under new regulations proposed by the Communications Authority of Kenya. The change aims to give subscribers longer control over their lines but introducesContinue Reading
(FORT PORTAL, UGANDA) – King Oyo Nyimba Kabamba Iguru Rukidi IV, the Omukama of Tooro who died on Thursday 27th August at the age of 34, leaves behind a financial legacy tied to land, government support and the weight of a 200 year old institution. His personal wealth was modestContinue Reading
