Business

NCBA Group Posts Ksh.5.5 Billion Profit in Q1 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

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

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

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

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

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…
Metropol Launches Intelligent Analytics Tool for Smarter Credit Decisioning

Metropol Launches Intelligent Analytics Tool for Smarter Credit Decisioning

Metropol has unveiled a new tool within its analytics platform, Metropol Analytics Platform (MAP), to help banks and other lenders…
Choice Bank Unveils New Digital Banking Model as it Celebrates 10 Years of Growth

Choice Bank Unveils New Digital Banking Model as it Celebrates 10 Years of Growth

Choice Microfinance Bank, now rebranded as Choice Bank, has officially launched a new, inclusive, and digitally powered banking model, marking…
High Court Sets New Date to Hear Petition on IEBC Nominees

High Court Sets New Date to Hear Petition on IEBC Nominees

The High Court has delayed the hearing of a petition which seeks to stop the vetting and approval of President…
Absa Bank Kenya Partners with Women’s World Banking to Support Women Entrepreneurs

Absa Bank Kenya Partners with Women’s World Banking to Support Women Entrepreneurs

Absa Bank Kenya has partnered with Women’s World Banking to help more women in Kenya access financial support and grow…
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