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NCBA raises interim dividend as half-year profit hits Sh12.4bn

Nairobi, Aug. 5 -- NCBA Group has raised its interim dividend by 50 percent after posting a 12.2 percent growth in half-year net profit, underlining the lender's strong earnings momentum even as it in... Read More


Court halts State plan to replace direct Sacco member votes

Nairobi, Aug. 5 -- The High Court in Nyahururu has suspended enforcement of a government directive requiring large savings and credit cooperatives (Saccos) to replace their general membership voting m... Read More


New water-removal equipment market opens on flood risk

Nairobi, Aug. 5 -- Rising flood risk is creating a new market for industrial water-removal equipment in Kenya, prompting engineering firms to expand their product offerings as demand grows from govern... Read More


Cooking oil prices climb back to highs of 2022 crisis

Nairobi, Aug. 5 -- The price of cooking oil has climbed back to its highest level since the global food crisis of 2022, exposing households to renewed pressure from international commodity markets and... Read More


Kenya to get two new undersea fibre optic cables in AI race

Nairobi, Aug. 5 -- Kenya is set to add two new undersea fibre optic cables before 2027 in Africa's race for more bandwidth and high-speed internet amid the AI push. The first is a 4,108-kilometre sub... Read More


Karen and Lang'ata lead Nairobi land price growth

Nairobi, Aug. 5 -- Land prices in Karen and Langata grew at the fastest pace among Nairobi's suburbs and satellite towns in the year to June after a change in policy allowed construction of high-rise ... Read More


IFC plans Sh19bn loan to KCB Kenya for capital, SMEs credit

Nairobi, Aug. 5 -- The International Finance Corporation (IFC) is set to loan Kenya Commercial Bank (KCB) Kenya Sh19.4 billion ($150 million) for onward lending to small enterprises and to enhance its... Read More


Suit against new KRA cargo system certified as urgent

Nairobi, Aug. 5 -- The High Court has certified a suit challenging a new digital cargo system by the Kenya Revenue Authority (KRA) as urgent. The court said the application raises weighty legal issue... Read More


Understanding money market funds growth

Nairobi, Aug. 5 -- Every conversation about personal finance today seems centred on one question: How do I grow my money? With the rising cost of living, changing economic conditions, and increasing ... Read More


From narrative to term: Fixing Africa's financial plumbing problem

Nairobi, Aug. 5 -- Africa's investment story is usually told as one of scarcity. The more interesting truth is misallocation. The African Development Bank's African Economic Outlook 2024 puts the cont... Read More