62% profit from family Bank
Family Bank Group has posted a 62% jump in Profit After Tax to Ksh.3.7 billion for the six months ended June 30, 2026, up from Ksh.2.2 billion recorded in the first half of 2025. The strong performance was underpinned by robust balance sheet expansion…
Absa interim rises
Absa Bank Kenya has raised its interim dividend by 150% to a record Ksh0.50 per share despite a 9.8% decline in first-half profit to Ksh10.53 billion. The firms join Hurupay, which stopped processing cross-border transfers and cryptocurrency transactions…
Sendwave and wise restricts their sercives in Kenya
Sendwave and Wise have restricted services for Kenyan users amid increased scrutiny of money laundering and terrorism financing risks. Sendwave said it had suspended wallet services in Kenya due to “technical difficulties”, while some Wise users have…
Satellite to mobile services
Airtel Africa and Starlink have launched a satellite-to-mobile service in the Democratic Republic of Congo (DRC), making it the first African market where the technology is commercially available. The service was launched on August 14 and allows Airtel…
Electric bills to rise
Kenyans will pay more for electricity in August after the Energy and Petroleum Regulatory Authority (EPRA) made three tariff adjustments, adding a combined Ksh4.7027 per kilowatt-hour (kWh The charges, published in the Kenya Gazette on August 14,…
KRA to freeze bank accounts
KRA is set to intensify enforcement against workers, traders and employers who fail to pay the housing levy, with defaulters facing account freezes, asset seizures and KRA PIN deactivation The government has stopped investing housing levy collections in…
EPRA new prices
Diesel consumers have missed out on a potential Ksh14 per litre price cut after the government redirected part of the relief to cushion petrol users. Under the latest fuel price review effective August 15 to September 14, diesel prices in Nairobi fell by…
New faces at Safaricom
Safaricom has appointed Vodacom Group Fintech CEO Mariam Cassim and Chief Human Resources Officer Matimba Mbungela as Non-Executive Directors, effective August 13, 2026, subject to regulatory approval. The appointments coincide with the resignation of…
Renewed contract
Kenyan apparel manufacturers, exporters and workers have received a boost after the US Senate extended the African Growth and Opportunity Act (AGOA) by two years, securing duty-free access to the American market until December 31, 2028. The Kenyan…
Interim dividend raised by 50%
KCB Group has raised its interim dividend by 50% to Ksh3 per share after reporting a 14% increase in net profit to Ksh36.9 billion for the six months ended June 2026. The dividend will see the lender distribute Ksh9.64 billion to shareholders, up from…