Business
IRA places three insurers under statutory management over solvency failures
The affected insurers are Trident Insurance Company, KUSCCO Mutual Assurance Limited, and Corporate Insurance Company.
Business
News
Trade PS Ombam calls on women to lead in export markets
Speaking on Wednesday at the inaugural Women in Export Trade Forum in Nairobi, she highlighted government support through training, guidance on market standards, and strategies to ensure women-led businesses co...
Business
Stima Sacco reports Sh10.8bn revenue, 93% digital transactions
Stima Sacco reported Sh10.8 billion revenue in 2025, 104% liquidity and 93% digital transactions, as leaders in Nairobi outlined growth, cyber security and sustainability plans for members.
Business
NSE dismisses reports of Kiprono Kittony exit, confirms term to 2026
According to the exchange, Kittony’s term as board chairman is expected to run until July 2026. His role as a director on the board will continue even longer, lasting until June 2027.
Business
Stima Sacco assets rise to Sh75.3 billion as member deposits hit Sh52.2 billion
Financial results released by the Sacco show that member deposits grew to Sh52.2 billion, while the loan portfolio expanded slightly higher to Sh52.5 billion. The figures point to continued demand among members...
Business
Stanbic raises dividend to Sh22.35 despite Sh13.72 billion profit
The latest dividend distribution amounts to Sh8.83 billion, representing 64.4 percent of the bank’s net profit. This is the largest payout in the company’s history.
News
Manufacturers demand urgent reforms to lower compliance costs
The study paints a picture of a challenging regulatory landscape, where businesses must navigate multiple licensing procedures, overlapping responsibilities among government agencies, and varying rules at count...
Business
Kittony leaves NSE chair after nearly six years steering the bourse
Kittony, who took over the role in July 2020, officially exited on Tuesday following the expiry of his term. His tenure had been extended by one year in 2025, allowing him to remain in the position longer as th...
Business
Kenya Power expands digital meter reading, calls for customer cooperation
This system captures readings instantly and transmits them directly into the billing platform, reducing delays and errors that have affected manual meter reading for years.
Business
Plan to protect sacco deposits gains support from banking insurer
Details contained in a report prepared by a committee of experts appointed by Co-operative and MSMEs Development Cabinet Secretary Wycliffe Oparanya show that the team engaged officials from the Kenya Deposit I...
Business
Private pension schemes hold Sh15.3 billion as employers redirect higher NSSF deductions
Figures released by the Retirement Benefits Authority show that by December 2025, a total of 5,523 employers had received approval to transfer the higher NSSF deductions to their occupational pension schemes.
Business
Ruto rings bell as Kenya Pipeline makes historic entry to NSE after Sh106 billion IPO
The Initial Public Offering raised Sh106 billion, funds that the government says will be directed to the newly established National Infrastructure Fund. The administration believes the move will help finance ma...