Economy

Family Bank recorded a 56 percent jump in profit after tax, reaching Sh3.5 billion in the nine months to September 2025, compared to the same period last year. The lender attributed the growth to stronger interest earnings, a solid balance sheet, and effective cost management. Its loan portfolio grew by …

The Kenya National Highways Authority (KeNHA) has issued a 30-day ultimatum to individuals and companies with unauthorized billboards along national roads, directing them to take down the structures or risk enforcement measures. In a notice published in a local newspaper, KeNHA raised alarm over the persistent encroachment onto road reserves …

Consolidated Bank Group posted a pre-tax profit of Ksh 94.7 million for the nine months ending September 30, 2025, marking a remarkable 177% turnaround from a loss of Ksh 122.4 million during the same period last year and reversing a long trend of deficits. The improved performance is credited to …

Kenya Power has rolled out new meter reading technology aimed at enhancing accuracy, speed, and efficiency in collecting customer consumption data, marking a key step in its digital transformation journey. The company announced on Monday, November 24, 2025, that it is implementing Optical Character Recognition (OCR) technology across all eight …

On November 20, Meta notified Kenyan digital creators that starting January 1, 2026, it will begin deducting a 5% withholding tax from all payouts. The adjustment follows Kenyan tax laws requiring companies to withhold and remit taxes to the Kenya Revenue Authority (KRA) for payments made to creators based in …

The World Bank has announced that it is using blockchain technology to guarantee that money allocated under the National Youth Opportunities Towards Advancement (NYOTA) Project reaches the intended youth beneficiaries, boosting transparency and accountability. Click here to join our WhatsApp Channel In a letter dated November 13, 2025, addressed to …

Pesapal has partnered with KCB Bank Kenya to modernise and fully digitise fuel station operations across East Africa, targeting over 10,000 fuel dealers through the deployment of its Forecourt Management Solution. The system brings together fuel dispensing, sales tracking, inventory monitoring, payments and financial reconciliation into one integrated digital platform. …

Safaricom has announced a planned system upgrade for its Fuliza overdraft service, aimed at boosting performance and introducing enhanced features for users. In a notice issued on Saturday, November 15, 2025, the telco informed customers of the scheduled maintenance and its expected effects. Click here to join our WhatsApp Channel …

Kenya has entered into a fresh Sh4.8 billion agreement with the European Union aimed at accelerating climate action, protecting biodiversity and improving community livelihoods. The new funding package will also support the restoration of degraded ecosystems while pushing the country toward a greener, more sustainable future. Click here to join …

The Energy and Petroleum Regulatory Authority (EPRA) has maintained current fuel prices for the November–December pricing cycle. In Nairobi, motorists will continue paying Sh184.52 for Super Petrol, Sh171.47 for Diesel and Sh154.78 for Kerosene. Click here to join our WhatsApp Channel The prices—effective from midnight—include the 16% VAT as required …