Business
African Development Bank to pick new head to confront US funding cuts
May 26, 2025
African Development Bank to pick new head to confront US funding cuts
The African Development Bank will meet in Ivory Coast this week to pick a new president at a time when…
Metropol Unveils Enhanced Analytics Platform to Deepen Credit Market Insights
May 23, 2025
Metropol Unveils Enhanced Analytics Platform to Deepen Credit Market Insights
Metropol has unveiled an upgraded version of the Metropol Analytics Platform (MAP), a cutting-edge tool designed to empower both internal…
Germany Drops TotalEnergies from Sustainability Funds Over Human Rights Concerns in Uganda
May 23, 2025
Germany Drops TotalEnergies from Sustainability Funds Over Human Rights Concerns in Uganda
Germany’s Union Investment has removed French energy giant TotalEnergies from its sustainability funds and is calling for an independent human…
Family Bank Posts Ksh.1.05 Billion Profit in Q1 2025 on Cost Controls
May 22, 2025
Family Bank Posts Ksh.1.05 Billion Profit in Q1 2025 on Cost Controls
Family Bank Group recorded a net profit of Ksh.1.05 billion in the first quarter of 2025, marking a modest increase…
NCBA Group Posts Ksh.5.5 Billion Profit in Q1 2025
May 22, 2025
NCBA Group Posts Ksh.5.5 Billion Profit in Q1 2025
NCBA Group recorded a 3% increase in profit after tax to Ksh.5.5 billion for the quarter ended March 2025, up…
Uganda Signs $800 Million 3-yr SGR Deal with Islamic Bank
May 22, 2025
Uganda Signs $800 Million 3-yr SGR Deal with Islamic Bank
Uganda has signed a $800 million financing agreement with the Islamic Development Bank to support projects, including a planned railway…
Government Suspends New SACCO Registrations Over Ksh.13.3 Billion Fraud
May 22, 2025
Government Suspends New SACCO Registrations Over Ksh.13.3 Billion Fraud
The Kenyan government has imposed a three-month freeze on new SACCO registrations as it begins reforms aimed at tackling fraud…
Kenya’s Tea Export Earnings Drop 20% in Q1 2025 on Lower Volumes
May 21, 2025
Kenya’s Tea Export Earnings Drop 20% in Q1 2025 on Lower Volumes
Kenya’s tea export earnings fell by 20% in the first quarter of 2025, driven by a decline in shipment volumes,…
Kenya Power Cleared to Proceed with Ksh.1.2 Billion Transformer Tender
May 21, 2025
Kenya Power Cleared to Proceed with Ksh.1.2 Billion Transformer Tender
Kenya Power has been granted the green light to finalize a Ksh.1.2 billion transformer procurement deal, following a ruling by…
Oil Prices Jump More than 1% on Middle East Supply Fears
May 21, 2025
Oil Prices Jump More than 1% on Middle East Supply Fears
Oil prices rose more than 1% on Wednesday after reports that Israel could be preparing to strike Iranian nuclear facilities…