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DTB profit jumps to Sh6.4bn on higher revenue and cost control

Nairobi, Aug. 19 -- Diamond Trust Bank Kenya Limited (DTB) posted a Sh6.4 billion net profit in the half-year to June, on the back of strong revenue growth and tighter control of operating costs. The... Read More


Nairobi Water warns Tata Magadi shutdown could upset operations

Nairobi, Aug. 19 -- The Nairobi City Water and Sewerage Company (NWSC) has warned that the suspension of Tata Chemicals Magadi's operations could disrupt water treatment in the capital. The utility f... Read More


Mutual investment to define US, EAC relations

Nairobi, Aug. 19 -- Over the years, I have built, deepened and deployed capital while working to strengthen confidence in our markets. That experience has given me a clear view of what mutual prosperi... Read More


Timely pension remittance key to securing retirement benefits

Nairobi, Aug. 19 -- Increased pension scheme membership, now standing at about 7.71 million Kenyan workers, is a commendable achievement. Employees contribute to pension schemes with a promise that wh... Read More


Family Bank net profit up 62pc on higher interest income

Nairobi, Aug. 18 -- Family Bank's net profit rose 61.8 percent to Sh3.7 billion in the half-year ended June 2026, supported by a faster growth in income from lending compared with operating costs. Th... Read More


Treasury misses development spending limit for fourth year

Nairobi, Aug. 18 -- President William Ruto's government has failed to meet the legal threshold for development spending for the fourth consecutive year, highlighting persistent underinvestment in proj... Read More


Pension schemes move billions to NSE amid rally

Nairobi, Aug. 18 -- Pension schemes have increased their bets on quoted equities, moving billions of shillings from government securities to the Nairobi Securities Exchange (NSE) amid rising share pri... Read More


Bar owners push for fresh talks on Tobacco laws amid cost concerns

Nairobi, Aug. 18 -- Bar owners want Parliament to stop the ongoing public participation exercise on the Tobacco Control (Amendment) Bill, 2024, and expand it beyond Nairobi, even as they oppose severa... Read More


Housing levy: What KRA can do to recover unpaid cash

Nairobi, Aug. 18 -- The Kenya Revenue Authority (KRA) is expected to start a crackdown on housing levy defaulters after the tax agency got legal powers to recover arrears and punish those in breach. ... Read More


Judge temporarily suspends Treasury loan rate approval rule

Nairobi, Aug. 18 -- The High Court has temporarily suspended Section 44 of the Banking Act, which requires financial institutions to obtain approval from the Treasury Cabinet Secretary before increasi... Read More