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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Equity bank to pay record dividend after Sh46.5 billion profit surge

Equity Group has increased its dividend payout to a new record, rewarding shareholders with a larger return following a significant profit recovery.

Equity bank to pay record dividend after Sh46.5 billion profit surge

Xi reaffirms open China, denounces protectionism in rare speech

Xi reaffirms open China, denounces protectionism in rare speech

Auto dealer Caetano banks on Chinese brand to boost locally assembled vehicles

Shareholders joy as more banks up dividends on surge in profits

Shareholders joy as more banks up dividends on surge in profits

Chinese Professor addresses Dalai Lama's claims on reincarnation

A leading Chinese professor on Thursday addressed the Dalai Lama's recent controversial comments regarding the future of the reincarnation of the Tibetan spiritual leader.

Chinese Professor addresses Dalai Lama's claims on reincarnation

KCB diversifies MSMEs offering with acquisition of fintech firm

Kenya’s largest bank by assets, KCB Group, has announced a strategic move to bolster its digital capabilities by acquiring a 75% stake in Riverbank Solutions Ltd, a homegrown fintech firm.

KCB diversifies MSMEs offering with acquisition of fintech firm

Top lenders smile to the bank with Sh141 billion profits

Notably, Equity Group, Kenya’s largest lender by customer base, and other mid-tier banks are yet to release their financials, suggesting the overall sector performance could be even more robust.

Top lenders smile to the bank with Sh141 billion profits

AAR expands dialysis services to meet demand

AAR Hospital is expanding its dialysis services in response to increasing demand, a trend reflecting the growing economic burden of kidney disease in Kenya.

AAR expands dialysis services to meet demand

CGTN-Africa to expand continental reach with increased investment

CGTN Africa is set to enhance its resources significantly to broaden its coverage across the continent, ensuring comprehensive reporting from all five African regions.

CGTN-Africa to expand continental reach with increased investment

Co-op Bank splashes Sh8.8b dividend as profit hits Sh26b

CEO attributes higher earnings to increased interest and non-interest income, and effective cost control.

Co-op Bank splashes Sh8.8b dividend as profit hits Sh26b

StanChart issues Sh17b record dividend as profit soars 45pc

The lender posted a full-year net profit of Sh20 billion on the back of higher interest and non-funded income. It joins other tier-one banks that have declared increased payouts.

StanChart issues Sh17b record dividend as profit soars 45pc

Chinese academics urge Kenyans to tap educational opportunities in China

Chinese academics are encouraging Kenyan students to explore educational opportunities in China, emphasizing the transformative role of education in national development.

Chinese academics urge Kenyans to tap educational opportunities in China

Centum and ARISE partner to launch $3 billion Special Economic Zone

The agreement, which involves the development of a 2,000-acre site recently designated as a Special Economic Zone (SEZ), promises to transform Kenya into a competitive industrial hub.

Centum and ARISE partner to launch $3 billion Special Economic Zone

Kenya pulls plug on Sh301b IMF deal amid hunt for new bailout

The Kenya Kwanza administration has abruptly terminated its existing Sh301 billion IMF programme, a move that offers temporary relief from immediate tax increases.

Kenya pulls plug on Sh301b IMF deal amid hunt for new bailout

Boost for Saccos as cabinet gives nod to inter-lending facility

More than 30,000 Saccos could soon launch an inter-lending facility, following the cabinet’s recent approval of a framework for a multi-billion Central Liquidity Facility.

Boost for Saccos as cabinet gives nod to inter-lending facility

Vivo Energy partners with RentWorks East Africa for fleet expansion

The 48-month agreement also involves Caetano Kenya, which will manage vehicle maintenance; Stanbic Bank, the financing partner; and Heritage Insurance, which will provide coverage for the fleet.

Vivo Energy partners with RentWorks East Africa for fleet expansion

KCB investors set for bumper Sh9.6b dividend as profit surges

KCB Group shareholders are set to reap a Sh9.6 billion windfall after Kenya’s largest bank by assets reported a 64.9 per cent surge in net profit in 2024.

KCB investors set for bumper Sh9.6b dividend as profit surges

Beijing officials offer support to enhance Nairobi's livability

Nairobi, with a daytime population of seven million, grapples with significant urbanization issues, including inadequate wastewater systems, chronic traffic jams, and water rationing.

Beijing officials offer support to enhance Nairobi's livability

No stopping debt binge as State borrows Sh440b in 7 months

This means Kenya’s guaranteed debt rose to Sh11.02 trillion as of January this year. It now represents 65.7% of GDP, well above the targeted threshold of 55 per cent of GDP by 2028.

No stopping debt binge as State borrows Sh440b in 7 months

Kingdom Bank, Canon Group unveil 'Faidi Dada' motor cover for women

The Faidi Dada Motor Cover enhances existing services for over 6,000 women by providing comprehensive protection for both personal and commercial vehicles.

Kingdom Bank, Canon Group unveil 'Faidi Dada' motor cover for women

Awareness of erectile dysfunction sees surge in number of men seeking treatment

An increase in awareness has led to a surge in consultations for sexual health among Kenyan men aged 40 to 69, according to a recent analysis by AAR Hospital.

Awareness of erectile dysfunction sees surge in number of men seeking treatment

'You will never walk alone', China assures Kenya, Africa

Chinese Foreign Minister Wang Yi said China and Africa have always been good friends, good partners and good brothers with a shared future.

'You will never walk alone', China assures Kenya, Africa

China pledges to expand Kenya's SGR to Malaba

Currently, the Sh327 billion Chinese-funded and built railway ends in Naivasha, a situation that has frustrated traders who argue that its last mile gap hampers smooth cargo movement.

China pledges to expand Kenya's SGR to Malaba

Kenyan investors urged to tap into China's tech and industrial expertise

The city’s success in integrating advanced technology into its industries makes it an ideal partner for African nations looking to modernize their economies and infrastructure.

Kenyan investors urged to tap into China's tech and industrial expertise

Return of the red dragon: Kenya forced to face East amid looming Western aid cuts

As the United States, Germany, the UK and the rest of Europe signal a pullback in foreign aid, Kenya is increasingly looking to China for support.

Return of the red dragon: Kenya forced to face East amid looming Western aid cuts

Kenyan journalist among 50 attending four-month Media Exchange Programme in China

The four-and-a-half-month program aims to provide a comprehensive view of China's socio-economic landscape with journalists from more than 100 countries.

Kenyan journalist among 50 attending four-month Media Exchange Programme in China

AAR Hospital expands pediatric and specialised services to cater for rising demand

AAR Hospital has unveiled a new pediatric wing and specialised clinics as part of a strategic expansion to meet the growing demand for affordable, high-quality healthcare.

AAR Hospital expands pediatric and specialised services to cater for rising demand

Troubled Uchumi's creditors to know fate of their billions

Creditors of troubled Uchumi Supermarket are set to learn the fate of their billions in a virtual meeting scheduled for March 17, 2025.

Troubled Uchumi's creditors to know fate of their billions

Appetite for Kenya's 'green gold' spawns new crop of millionaires

Farmers are increasingly abandoning traditional cash crops like tea and coffee, which have long been the backbone of Kenya’s agricultural exports, in favour of avocados.

Appetite for Kenya's 'green gold' spawns new crop of millionaires

UNGA President Yang backs Equity's plan to boost youth innovation

The President of the United Nations General Assembly (UNGA), Philemon Yang, has backed Equity Group's efforts to enhance youth innovation, digital technology and sustainable development.

UNGA President Yang backs Equity's plan to boost youth innovation

Mission 300: AfDB's ambitious project to boost access to reliable energy

A bold new initiative aims to halve the number of people without access to electricity in Africa by 2030. Approximately 600 million people currently lack this basic necessity.

Mission 300: AfDB's ambitious project to boost access to reliable energy

Broke? cash circulation drops by Sh10b

New Treasury data reveals an ailing economy, with the money circulating within and outside the banking system falling to Sh5.48 trillion in the year to December.

Broke? cash circulation drops by Sh10b

CEOs reveal the cure for Kenya's ailing economy in new survey

Declining interest rates have raised hopes for improved access to credit, though challenges in securing affordable financing persist.

CEOs reveal the cure for Kenya's ailing economy in new survey

Premier Bank partners with Zakat Kenya to feed 5,000 families during Ramadan

Premier Bank Kenya and Zakat Kenya hosted their second annual Premier Bank Iftar Fun Walk, on Sunday aiming to provide essential support to 5,000 vulnerable families.

Premier Bank partners with Zakat Kenya to feed 5,000 families during Ramadan

Africa seeking health, environment transformation with clean cooking solutions

Africa is turning a new page in its fight against one of its most persistent public health and environmental crises: the deadly toll of traditional cooking methods.

Africa seeking health, environment transformation with clean cooking solutions

Love in a time of hardship: How Kenyans have planned their Valentine's Day

This Valentine’s Day promises to be unique, influenced by a month of soaring food inflation that has driven up prices of everything from flowers to chocolates and dining out.

Love in a time of hardship: How Kenyans have planned their Valentine's Day

Kenyan tech agency eyes Nigeria's market in expansion plan

The firm said in a joint statement that the collaboration will programmatically integrate radio and television advertising through Suss Ads’ Media Integrated Advertising Platform.

Kenyan tech agency eyes Nigeria's market in expansion plan

Equity Bank cuts loan interest rates by largest margin

Equity Bank, the largest lender in Kenya by customer numbers, has announced a substantial reduction in interest rates, becoming the third major bank to do so this week.

Equity Bank cuts loan interest rates by largest margin

Survey: Poor service, high fees drive customers to change banks

Poor customer service, high fees, and inconvenient digital banking platforms are the top reasons Kenyans are switching banks, according to the 2024 Banking Customer Satisfaction Survey.

Survey: Poor service, high fees drive customers to change banks

NCBA cuts loan rates

NCBA Bank has bowed to pressure from CBK becoming the latest lender to slash its loan rates following the regulator’s aggressive push to lower borrowing costs.

NCBA cuts loan rates

Relief for borrowers as KCB lowers its loan rates

KCB Group has lowered its base lending rate from 15.6 per cent to 14.6 per cent per annum for new loans. It joins Coo-op Bank, which lowered its loan rate from 16.5 per cent to 14.5 per cent.

Relief for borrowers as KCB lowers its loan rates

KRA tightens noose on graft, sends 19 employees home

KRA has intensified crackdown on corruption, dismissing 19 employees in the second quarter of the 2024/2025 financial year.

KRA tightens noose on graft, sends 19 employees home

Centum Re signs deal to increase solar power output at Two Rivers

The agreement, announced on Wednesday will make the Two Rivers Power Company the largest rooftop solar power installation for residential and commercial use in East Africa.

Centum Re signs deal to increase solar power output at Two Rivers

Saccos embrace technology to stay competitive

Kenyan savings and credit cooperatives (Saccos) are increasingly embracing technology to enhance efficiency and remain competitive in a rapidly evolving financial landscape.

Saccos embrace technology to stay competitive

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