Ziidi MMF assets growth
Ziidi Money Market Fund (MMF) grew its total assets by 90.2% year-on-year to Ksh20.33 billion in the first half of 2026, driven by strong growth in deposits and investment income. Surplus attributable to unit holders rose 149% to Ksh679.95 million as…
KUSSCO liquidation
Shareholders of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) have approved the liquidation of the troubled institution after an audit revealed liabilities of Ksh17 billion against assets of just Ksh5.4 billion. The decision was made during…
Approval of NCBA shareholding
The Central Bank of Kenya has approved the acquisition of 66 per cent of the shareholding of NCBA Group PLC by Nedbank Group Limited. The approval, made on August 28, 2026, under Section 13 (4) of the Banking Act, will see the South African financial…
Minimimum yield clarification
The Kenya Revenue Authority (KRA) has clarified that the revised minimum yield of Ksh.3.2 million on containers carrying general consolidated cargo is not the actual tax payable by traders. In a statement issued on Thursday, August 27, KRA said the…
Nairobi stock exchange growth
The Nairobi Securities Exchange (NSE) profit after tax grew by 386 percent to Sh736.9 million in the first half of 2026, boosted by increased trading in equities and fixed-income markets. In the six months to June 30 last year, NSE recorded Sh151.6…
NCBA and HEVA funds for creative industry
NCBA and HEVA Fund have launched a Ksh20 million financing facility for Kenya’s creative industry, offering loans at a concessional 9% interest rate. The fund targets artists and creative businesses seeking capital for equipment purchases, working…
Investors aircraft offer
Kenya Airways says at least four investors from the US, China, South Africa and Singapore have expressed interest in supporting the airline’s turnaround, including one investor offering aircraft in exchange for an equity stake. Acting CEO George…
KRA and police access to parcel records
KRA and police will have access to parcel records held by app-based courier platforms such as Uber, Bolt, Glovo and Little under new licensing rules issued by the Communications Authority of Kenya (CA). Starting September 20, the platforms will be…
NSSF ksh32.8 B investment
NSSF has emerged as the second-largest shareholder in Kenya Pipeline after investing Ksh38.2 billion in the firm’s oversubscribed initial public offering (IPO). Regulatory filings show the State-backed pension fund acquired a 22.2 percent stake,…
SBM banks wins a case over Alma residential
SBM Bank has secured priority rights to recover a Ksh650 million loan from The Alma residential development in Ruaka after the High Court upheld its security interest over the Cytonn-backed project. The Alma sits on 4.67 acres and comprises 477…