Economy

KCB Group Plc has posted a net profit of Sh16.53 billion for the first quarter ending March 2025, maintaining performance levels from the same period last year, when it recorded Sh16.48 billion, despite a tough economic climate. Click here to join our WhatsApp Channel Total revenue rose by 2 percent …

NCBA Group’s net profit rose by 3 percent to Sh5.5 billion in the first quarter of 2025, up from Sh5.3 billion during the same period in 2024. Click here to join our WhatsApp Channel The growth was largely fueled by the strong performance of NCBA Bank Kenya, which accounted for …

The government has imposed a three-month freeze on the registration of new Savings and Credit Cooperatives (Saccos) to allow for major reforms aimed at tackling fraud and strengthening oversight in the sector. Click here to join our WhatsApp Channel Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya announced the moratorium following …

Kenya’s milk production is projected to grow to 3.4 billion liters annually by 2028, driven by efforts from the Nourishing Prosperity Alliance: Forage for Animal Growth in East Africa (NPA-Forage)—a consortium of private sector stakeholders in the dairy industry. Click here to join our WhatsApp Channel This represents a potential …

A new report by the Institute of Economic Affairs (IEA) and the Mitumba Consortium Association of Kenya (MCAK) is urging the government to adopt a strategy that supports both second-hand clothing imports and domestic apparel manufacturing as complementary drivers of economic growth. Click here to join our WhatsApp Channel Titled …

Karakuta Fresh Produce has opened a state-of-the-art avocado packhouse in Nairobi with a capacity of 7,500 tonnes, a strategic move aimed at increasing exports and strengthening ties with over 1,500 smallholder farmers in Kiambu, Nyeri, Kirinyaga, and Meru counties. Click here to join our WhatsApp Channel The facility will process …

Kenya’s Standard Gauge Railway (SGR) recorded a 40 percent increase in cargo volumes in the first quarter of 2025, driven by growing demand, according to a report released Wednesday by the Kenya Railways Corporation (KRC). Click here to join our WhatsApp Channel Between January and March, the SGR moved 1.82 …

Family Bank has partnered with EIB Global—the development investment arm of the European Investment Bank—to roll out a Sh14.7 billion credit facility aimed at supporting businesses run by women and youth in Kenya. Click here to join our WhatsApp Channel Under the agreement, EIB Global will provide €50 million in …

Kenya Power has begun installing advanced sensors on its power lines to detect faults, temperature changes, and mechanical stress in real-time. Click here to join our WhatsApp Channel The goal is to reduce electricity outages and enhance the overall performance of the national grid. The new devices, known as Megger’s …

Equity Group Holdings Plc and the African Guarantee Fund (AGF) have strengthened their collaboration through a USD 500 million (approximately Sh64 billion) financing arrangement aimed at scaling up support for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa. Click here to join our WhatsApp Channel The enhanced …