Business

Family Bank recorded a sharp increase in first-quarter profit, posting Sh1.6 billion in net earnings driven by strong growth in lending, customer deposits, and interest income as it moves closer to its planned listing on the Nairobi Securities Exchange. The lender’s profit after tax for the quarter ending March 2026 …

President William Ruto has announced that diesel prices will be reduced by a further Sh10 per litre in the upcoming June–July fuel review, in a move aimed at cushioning Kenyans from rising global oil costs. Speaking on Friday at State House in Mombasa, the President said the reduction is part …

BAT Kenya has raised concern over the Tobacco Control (Amendment) Bill, 2024, warning that it could lead to an annual revenue loss of about Sh12 billion and threaten more than 100,000 livelihoods across the tobacco value chain. In a submission to the National Assembly, the cigarette manufacturer said the proposed …

New vehicle sales in Kenya increased by 12.2 per cent in the four months to April, supported by improved access to affordable credit and continued government leasing programmes, according to industry data. The growth signals steady economic activity despite global uncertainties linked to geopolitical tensions in the Middle East, high …

Sidian Bank has posted a 9 percent increase in profit after tax, recording Sh607.03 million for the quarter ended March 31, 2026, compared to Sh556.94 million in the same period last year. The growth was supported by higher interest income and a rapidly expanding balance sheet. The lender’s net interest …

KCB Group has posted a pre-tax profit of Sh24.4 billion for the first quarter ended March 2026, representing a 15.3 percent increase from Sh21.2 billion recorded in the same period last year. The bank attributed the strong performance to higher operating income, solid contributions from subsidiaries, and increased customer deposits, …

NCBA Group has reported a net profit of Sh6 billion for the first quarter of 2026, representing a 9 percent increase compared to Sh5.5 billion recorded in the same period last year. The lender said the improved performance was driven by higher operating income, growth in customer deposits, and expansion …

TikTok has taken down 820,552 videos in Kenya during the fourth quarter of 2025 as part of its latest Community Guidelines Enforcement Report. The platform says most of the removals were done proactively, before users could report the content, highlighting its growing reliance on automated detection systems. “In the fourth …

EPRA has announced new fuel prices that will apply across Kenya from May 19 to June 14, 2026, following concerns raised by public transport operators over possible fuel adulteration caused by the large price gap between diesel and kerosene. In the latest review, diesel prices in Nairobi have dropped by …

The nationwide matatu strike remains in effect, according to operators in the transport sector, despite earlier indications from the government that progress had been made in resolving the dispute. Speaking at Transcom House on Monday, Energy CS Opiyo Wandayi said discussions had focused on concerns over fuel adulteration caused by …