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The lender, on Monday, emphasized that while SOEs often receive state support for valid reasons, spillovers into commercial operations can undermine productivity and the private sector.
The company confirmed on Monday that age checks have already started, coming just weeks before Australia’s December 10 deadline that will require platforms to shut out all users under 16.
Speaking during a Statehouse meeting with President William Ruto, he highlighted that the partnership would extend beyond traditional sectors such as agriculture to areas critical for future economies, including digital technology, artificial intelligence, semiconductors, and energy transition.
The new system, known as Optical Character Recognition, uses scanning instead of manual entry. With this method, meter readers only need to scan a meter display, allowing the system to automatically process the reading with high accuracy. The Company says this shift is expected to make the monthly billing cycle faster and more reliable.
While interest income strengthened, non-interest income went down. The figures show that non-interest revenue fell by 30.7 percent, dropping from Sh2.34 billion to Sh1.62 billion. Even with this fall, total operating income still increased by 24.2 percent to Sh8.59 billion, supported mainly by the strong performance of interest-driven business.
According to the latest data from the National Treasury, net borrowing from domestic sources reached Sh339.7 billion, while external lenders contributed Sh98.1 billion. This represents nearly half (48.6%) of the annual borrowing target of Sh901 billion, which is set at Sh613.5 billion for local markets and Sh287.4 billion from external sources.
According to data shared in the financial statement on Friday, the bank’s positive earnings were largely powered by a steep decline in impairment charges.
All new local currency variable-rate loans will follow the new framework, with rates determined by the Common Reference Rate plus a customer-specific risk premium. Existing loans will transition by February 28, 2026.
The chamber informed its members that they must submit their applications by December 6, 2025 to enjoy the full waiver. The relief package targets containerised cargo that has stayed in the port or customs warehouses for extended periods, often due to delayed documentation, financial hurdles or stalled clearance procedures.
Absa Bank Kenya also posted gains, climbing 5.67 percent to Sh23.30, suggesting selective recovery in the banking sector. Jubilee Holdings added 4.39 percent to Sh310.00, Olympia Capital grew 4.00 percent to Sh7.80, and Standard Group rose 3.83 percent to Sh6.02.
New data from the Central Bank of Kenya shows a Sh344.9 billion decline in the value of transactions processed by agents, pointing to rising pressure on households and businesses during a period of strained incomes and slow job growth.
The Hustler Fund has already disbursed more than Sh80 billion, benefiting seven million Kenyans directly. “The seven million once blacklisted Kenyans have since repaired their credit,” Ruto said.
According to the results released on Wednesday, November 19, 2025, net interest income grew 21.1% to Sh31.819 billion, up from Sh26.280 billion in the same period last year.
The tech giant said it has started informing users it believes are aged between 13 and 15 that their accounts will be shut down. Notifications are being delivered via emails, text messages, and in-app alerts.
Non-interest income dropped 10.1 percent to Sh45.09 billion, largely because foreign exchange trading earnings fell 40.1 percent to Sh8.24 billion from Sh13.76 billion. The bank noted that digital channels helped shield non-funded income, which faced pressure from declining fees and commissions in the Democratic Republic of Congo following branch closures.
As of June 2025, KCB held Sh189.1 billion in non-performing loans, or 17.2 percent of its Sh1.09 trillion loan book, with Sh12.4 billion in loan loss provisions. Equity recorded Sh71.2 billion in non-performing loans, representing 17.5 percent of its Sh406.8 billion loan book, and made Sh7.3 billion in provisions.
The 15-year bond, now with 8.7 years remaining until maturity, is listed under ISIN KE6000001328 and will mature on July 10, 2034. The 25-year bond, carrying ISIN KE8000005093, has 21.9 years to maturity and will expire on September 23, 2047.
Most families have found themselves in situations where they do not know what steps to take in order to access money left in M-Pesa wallets of their kin after death.
Atandi said Parliament is increasingly concerned about the widening revenue gaps, which continue to constrain government spending and increase reliance on borrowing.
Experts warn that without savings, low-income earners face financial difficulties as they age, especially in a society where younger family members are no longer the main source of support. Many retirees or those nearing the official retirement age of 60 have no choice but to continue working.
The survey shows that 12 percent of Nairobi and Kiambu residents reported having at least one insurance policy in their name last year, not including social health coverage. Murang’a followed at 11.3 percent, Nyeri at 10 percent, and Kirinyaga at 9.5 percent.
Operating expenses dropped 13 percent as the bank’s lower loan provisions cushioned the impact of falling interest earnings. The decrease in provisions came even as the total stock of non-performing loans rose 3.8 percent to Sh44.3 billion, amid a tough economic environment where borrowers, both individuals and companies, face repayment challenges.
The regulator said the new rules were introduced to prevent SIM card fraud, safeguard the integrity of telecommunications, and support secure access to digital services such as mobile payments, government services, and online commerce.
Garissa Governor Nathif Jama, who officiated the inauguration of the latest bank in the town on Monday, November 17, 2025, said the move underscores the region’s improving business environment and growing investor confidence.
Thousands of users began reporting issues with the sites, as well as other services, to outage monitoring site Downdetector shortly after 11:30 GMT.
The move highlights the state-owned company’s commitment to inclusive procurement and economic empowerment under the Access to Government Procurement Opportunities (AGPO) framework.
The CBK had offered Sh30 billion for the buyback programme, but the bids received surpassed this amount by over Sh4 billion, underscoring what the Bank indicated as renewed confidence in government securities.
KenGen’s impairment allowance rose sharply from Sh774.71 million in the previous year, highlighting the impact of delayed payments from both commercial and non-commercial customers.
The Banking (Penalties) Regulations, 2025, are now under review by the Parliamentary Committee on Delegated Legislation, as lawmakers prepare to scrutinise their potential impact on the financial sector.
Scheduled system upgrades allow operators to patch vulnerabilities, improve processing speed, and implement backend improvements that support future enhancements and better scalability. Safaricom emphasised that customers’ understanding is valued as the upgrade is carried out.