Business

Absa Group has raised its interim dividend payout by 150 percent to Sh0.5 per share, even as the bank’s net profit fell by 10 percent. According to the lender’s half-year results for the six months ending June, shareholders received just Sh0.2 per share during the same period last year. The …

Directline Assurance Company Limited is facing a liquidation petition lodged at the High Court in Garissa by three creditors, with the case scheduled for hearing on October 1, 2026. The petition was filed by Yusra Ahmed Abubakar, along with two minors — Maryam Maamun, suing through her aunt and next …

Airtel Africa and Starlink have launched a satellite-to-mobile service in the Democratic Republic of Congo (DRC), marking the first commercial deployment of the technology in an African market. Launched on August 14, the service enables Airtel customers with compatible smartphones to remain connected in areas without traditional mobile network coverage, …

The Energy and Petroleum Regulatory Authority (EPRA) has announced a Sh5 reduction in the price of diesel per litre, while the prices of super petrol and kerosene will remain unchanged for the period running from August 15 to September 14, 2026. In its latest monthly review released on Friday, EPRA …

KCB Group has increased its interim dividend by 50 percent to Sh3 per share for the six months ended June 2026, following a strong improvement in its financial performance. The lender will distribute a total of Sh9.64 billion to shareholders, compared with the Sh2 per share paid during the corresponding …

Co-operative Bank recorded a 28 percent increase in profit after tax to Sh18 billion in the first half of 2026, compared with Sh14.1 billion posted during a similar period last year. The lender attributed the strong performance partly to a 13 percent rise in net interest income, which reached Sh33 …

State-owned Consolidated Bank of Kenya recorded a significant rise in profit after tax, reaching Sh174.83 million in the six months to June 30, 2026, up 1,349.5 percent from the previous period. The strong performance was driven by growth in both net interest and non-interest income. Net interest income increased by …

Africa’s richest man, Aliko Dangote, has revealed that construction of the proposed Lamu oil refinery is set to begin by October this year, while also disclosing that the project’s estimated cost has been revised down by Ksh2 billion. Speaking to the BBC, Dangote said the refinery would serve both Kenya …

Africa’s richest man, Aliko Dangote, has included Kenya among a list of more than 10 African countries he considers prime destinations for investment, pointing to the wide range of opportunities available across the continent. Among the East African nations he highlighted alongside Kenya were Tanzania and Rwanda. Dangote named Nigeria, …

TVS Motor Company (TVSM) has launched electric scooters in the Kenyan market, responding to growing demand for cleaner and more efficient motorcycle options. The company’s TVS iQube lineup comes in two variants — the TVS iQube 3.5 and TVS iQube 2.2 — capable of covering between 75 and 115 kilometres …