Safaricom raises dividend 67pc as profit hits Sh99.7bn

Nairobi, May 7 -- Safaricom Plc has raised its total dividend by 66.7 percent to Sh2 per share for the year ended March 31, 2026 after posting a 67.3 percent rise in net profit to Sh99.7 billion, driv... Read More

Safaricom first Kenyan firm to cross Sh100bn profit mark

Nairobi, May 7 -- A smaller loss in Ethiopia and M-Pesa's double-digit growth helped Safaricom report a 36.9 percent jump in profits, making the Kenyan unit the first to cross the Sh100 billion mark i... Read More

Tax pain as Treasury eyes Sh201bn in new budget

Nairobi, May 6 -- The Treasury will seek an additional Sh201 billion in tax revenue in the next financial year, signalling potential new taxes in the Finance Bill and a crackdown on tax cheats. The K... Read More

Kenya-Tanzania trade falls for first time in nearly a decade

Nairobi, May 5 -- Kenya's trade with Tanzania has contracted for the first time in nearly a decade, retreating from a record high and raising fresh concerns about slowing momentum between East Africa'... Read More

State House budget cut by Sh3.9bn amid overspending scrutiny

Nairobi, May 5 -- State House's budget for the new fiscal year from July 1 has been slashed by Sh3.9 billion, signalling a significant revision of domestic travel and motor vehicle purchase plans amid... Read More

Debt service costs to rise by Sh103bn on high interest rates

Nairobi, May 5 -- Holders of domestic bonds, including commercial banks, insurance firms, pension funds and households, will earn nearly Sh1 trillion in interest in the financial year starting July 1,... Read More

Agritech firm Apollo raises Sh276m to fund Kenya smallholder farmers

Nairobi, May 5 -- East African agritech company Apollo Agriculture has raised Sh276 million in local currency debt to support the financing of inputs for nearly 24,000 smallholder farmers in Kenya. U... Read More

What is private credit and why is it raising concerns?

Nairobi, May 5 -- Private credit has grown in prominence since the 2009 financial crisis that prompted banks to tighten lending standards. Following recent high-profile defaults in the US - notably T... Read More

How Rachel made it on Wall Street as a Black woman

Nairobi, May 5 -- Dr Rachel Naa‑Du Laryea began her career at Goldman Sachs, one of the few Black women to break into a male-dominated industry. She went on to JPMorgan Chase, where she helped s... Read More

Kenya's inflation gallops at fastest pace in 7 years

Nairobi, April 30 -- Kenya's inflation jumped by the quickest pace in seven years to 5.6 percent and is expected to accelerate further in the wake of costly fuel linked to the Iran war. Data from the... Read More

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