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ATM use hits all-time low on shift to cashless banking

Nairobi, May 5 -- The usage of automatic teller machines (ATMs) has dropped to the lowest level since the Central Bank of Kenya (CBK) began reporting the transactions, underscoring the impact of a shi... Read More


I&M Bank eyes the rich in Sh20bn fundraiser plan

Nairobi, April 30 -- I&M Bank has set a minimum investment threshold of Sh500,000 for its corporate bond that seeks to raise Sh20 billion to grow its loan book and boost its capital levels, signalling... Read More


Flame Tree issues profit warning on excluded insurance claim

Nairobi, April 30 -- Flame Tree Group (FTG) expects its profits for the financial year ended December 2025 to drop significantly by at least 25 percent, reversing the profitability from the previous y... Read More


Car & General share price rallies 20pc on dividend raise

Nairobi, April 30 -- The share price of diversified dealer Car & General (C&G) rallied by 20 percent during trading on the Nairobi Securities Exchange (NSE) on Thursday, driven by a fourfold growth in... Read More


Rise of men's chamas as savings discipline tightens

Nairobi, April 27 -- Raymond Kageni had always assumed that chamas were women's affairs and had never imagined joining one. However, his elder brother, John, enrolled him in a group that he chaired. ... Read More


Scangroup exits Tanzania in turnaround plan after losses

Nairobi, April 24 -- Listed marketing services firm WPP Scangroup has dipped further into loss territory in the full year to December 2025, with the company now disclosing plans to cut back operations... Read More


Amaco profits dip 15.4 percent despite business growth

Nairobi, April 23 -- Africa Merchant Assurance (Amaco), which is partly owned by President William Ruto's family and associates, has reported a 15.4 percent drop in its net profit for 2025 despite a g... Read More


Borrowers face fresh stricter checks before loan limit increases

Nairobi, April 21 -- Banks and digital lenders will have to reassess borrowers' financial capacity before increasing their loan limits under draft rules aimed at curbing predatory lending. Financial ... Read More