Nairobi, March 4 -- The National Treasury has increased ministerial allocations for the current fiscal year (2025-26) by more than the regulatory threshold of 10 percent, with top beneficiaries, inclu... Read More
Nairobi, March 4 -- Absa Bank has reported a Sh22.9 billion after-tax profit for the year ended December 2025, representing a 10 percent growth buoyed by cost-cutting. The lender's profit rose from S... Read More
Nairobi, March 4 -- Absa Bank Kenya has increased its dividend payout by 17.1 percent to Sh2.05 per share amounting to Sh11.1 billion on the back of a 10 percent rise in net profit for the full year t... Read More
Nairobi, March 2 -- Kenya's commercial banks grew their pre-tax profit by 20 percent in the year ended December 2025 to pass the Sh300 billion mark for the first time, signalling higher dividend payou... Read More
Nairobi, Feb. 27 -- Agricultural listed firm Limuru Tea expects to sink deeper into losses by at least 25 percent for the full year ended December 2025, citing rise in wages and decrease in market pri... Read More
Nairobi, Feb. 26 -- Unga Group will not be paying a dividend despite growing its half-year profits by more than six-fold, with management holding onto the cash to sustain its recovery trajectory. The... Read More
Nairobi, Feb. 22 -- Treasury Cabinet Secretary John Mbadi has secured his choice to lead Consolidated Bank of Kenya after staging a boardroom coup in a row that entangled the regulator. The bank anno... Read More
Nairobi, Feb. 15 -- The World Bank's private sector investment arm, International Finance Corporation (IFC), plans to make an equity investment of up to $5 million (Sh645 million) in e-mobility provid... Read More
Nairobi, Feb. 11 -- CIC Insurance Group has raised Sh1.8 billion from the sale of 150 acres in Kiambu and Kajiado Counties, boosting its liquidity and unlocking gains from its portfolio of investment ... Read More
Nairobi, Feb. 10 -- Commercial banks are lobbying the Central Bank of Kenya to use profit after tax as a measure to calculate licence fees and drop its proposal to use revenues, a change that will see... Read More