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Business

Miami-based food entrepreneur dies in Samburu helicopter crash
Business

Miami-based food entrepreneur dies in Samburu helicopter crash

NAIROBI, Kenya, Aug 20 – A Miami-based food entrepreneur was among seven people who died after a helicopter crashed near Mount Ololokwe in Samburu County on Wednesday. Roger Duarte, 42, was the founder of George Stone Crab, a business that sold fresh Florida stone crab claws. He also co-founde...

about 9 hours ago1 min read
Toyota dealer recalls vehicles in Kenya over defective airbags
Business

Toyota dealer recalls vehicles in Kenya over defective airbags

NAIROBI, Kenya, Aug 19 – CFAO Mobility Kenya has recalled some Toyota vehicles manufactured between 2001 and 2017 over defective airbags linked to injuries and fatalities globally. The Association of Kenya Insurers (AKI), in a letter to insurance company CEOs, said CFAO Mobility had engaged th...

about 18 hours ago1 min read
KQ outlines fleet, cargo expansion plans in turnaround
Business

KQ outlines fleet, cargo expansion plans in turnaround

NAIROBI, Kenya Aug 19 – Kenya Airways has set out plans to restore its grounded aircraft, expand its fleet to more than 60 planes, increase cargo operations and grow its maintenance business as it seeks to strengthen the airline’s operations and financial position amid high fuel costs, a...

about 18 hours ago1 min read
Sidian Bank half-year net profit rises 28.9pc to Sh1.21bn
Business

Sidian Bank half-year net profit rises 28.9pc to Sh1.21bn

NAIROBI, Kenya, Aug 19 – Sidian Bank’s net profit rose 28.9 percent to Sh1.21 billion in the first half of 2026, supported by higher earnings from loans, mortgages and government securities. Net interest income increased 123.1 percent to Sh3.64 billion in the six months to June 30, 2026,...

about 18 hours ago1 min read
KCB eyes Sh300bn sustainability bond to finance green, social projects
Business

KCB eyes Sh300bn sustainability bond to finance green, social projects

NAIROBI, Kenya, Aug 19 – KCB Group plans to raise up to Sh300 billion over five years through a Medium Term Note Programme to finance green, blue and social projects. The programme, unveiled in Nairobi on Wednesday, will have an initial tranche of up to Sh100 billion and will be subject to reg...

about 18 hours ago1 min read
DTB H1 pre-tax profit rises 37pc to Sh9.8bn
Business

DTB H1 pre-tax profit rises 37pc to Sh9.8bn

NAIROBI, Kenya, Aug 19 – Diamond Trust Bank (DTB) Group posted a 37 percent rise in half-year pre-tax profit to Sh9.8 billion for the six months ended June 2026, driven by higher revenue and growth in its loan and deposit portfolios. The lender’s top-line revenue increased by 21 percent, with ...

about 18 hours ago1 min read
Equity Group H1 profit after tax rises 32pc to Sh45.5bn
Business

Equity Group H1 profit after tax rises 32pc to Sh45.5bn

NAIROBI, Kenya, Aug 19 – Equity Group’s profit after tax rose 32 percent to Sh45.5 billion in the first half of 2026, up from Sh34.6 billion recorded in the same period last year. The lender attributed the growth to a 17 percent increase in net interest income to Sh69.3 billion from Sh59...

1 day ago1 min read
EPRA starts search for new DG after Kiptoo resignation
Business

EPRA starts search for new DG after Kiptoo resignation

NAIROBI, Kenya, Aug 18 – The Energy and Petroleum Regulatory Authority (EPRA) has started the process of recruiting a new Director General (DG) following the resignation of Daniel Kiptoo in April amid investigations into alleged manipulation of national fuel stock data. EPRA has advertised the posit...

1 day ago1 min read
KenGen searches for new CEO ahead of Peter Njenga retirement
Business

KenGen searches for new CEO ahead of Peter Njenga retirement

NAIROBI, Kenya, Aug 18 – The Kenya Electricity Generating Company (KenGen) has started the search for a new Managing Director and Chief Executive Officer ahead of the retirement of Peter Njenga upon attaining the mandatory retirement age of 60. In an advertisement published in a local daily, the pow...

1 day ago1 min read
Investors Can Now Pay Government Securities Bids via M-Pesa
Business

Investors Can Now Pay Government Securities Bids via M-Pesa

The Central Bank of Kenya (CBK) has rolled out a new mobile payment option that lets investors pay for successful government securities bids of up to Ksh250,000 directly from their phones. In a notice posted on its X account on Monday, August 17, 2026, CBK said the feature is available through the D...

2 days ago1 min read
Directline Assurance faces liquidation petition at High Court
Business

Directline Assurance faces liquidation petition at High Court

NAIROBI, Kenya, Aug 18 – Directline Assurance Company Limited is facing a liquidation petition filed at the High Court in Garissa by three creditors, with the matter set for hearing on October 1, 2026. The petition was filed by Yusra Ahmed Abubakar, Maryam Maamun, a minor suing through her aunt and ...

2 days ago1 min read
Family Bank half-year profit after tax up 62pc to Sh3.7bn
Business

Family Bank half-year profit after tax up 62pc to Sh3.7bn

NAIROBI, Kenya, Aug 18 – Family Bank’s half-year profit after tax grew by 62 percent to Sh3.7 billion, up from Sh2.2 billion recorded in the six months to June 30, 2025. The lender attributed the growth to a 41 percent increase in net interest income to Sh9.7 billion, supported by higher inter...

2 days ago1 min read
Bolt expands motorbike delivery service in Mombasa
Business

Bolt expands motorbike delivery service in Mombasa

MOMBASA, Kenya, Aug 18 – Bolt has expanded its Bolt Send delivery service in Mombasa to include motorbikes, offering individuals and businesses a faster and more flexible way to move small parcels across the city. Bolt Send, which was introduced in Mombasa in March using cars, is targeted at s...

2 days ago1 min read
Kenya Power, Unga Farm Care consignments face possible KRA auction
Business

Kenya Power, Unga Farm Care consignments face possible KRA auction

NAIROBI, Kenya, Aug 18 – Kenya Power and Lighting Company, Unga Farm Care (EA) Limited, Enzi Motors Company Limited and other businesses and individuals have had consignments listed by the Kenya Revenue Authority (KRA) as overstayed goods in customs warehouses, putting them at risk of public auction...

2 days ago1 min read
YEGO enters Nairobi boda ride-hailing market
Business

YEGO enters Nairobi boda ride-hailing market

NAIROBI, Kenya, Aug 18 – Ride-hailing platform YEGO Mobility has entered Kenya’s boda boda market, expanding beyond taxi services with the onboarding of more than 4,000 electric motorcycle riders in Nairobi. The company, which launched its taxi and corporate mobility services in Kenya in 2022,...

2 days ago1 min read
Lawmakers want digital system to track fuel stocks
Business

Lawmakers want digital system to track fuel stocks

NAIROBI, Kenya, Aug 17 – The Senate Energy Committee has directed the Ministry of Energy and Petroleum to establish and operationalise a digital system for real-time monitoring of petroleum stocks as part of efforts to strengthen fuel security. The ministry, together with agencies including Ke...

3 days ago1 min read
Airtel, Starlink launch satellite service in DRC
Business

Airtel, Starlink launch satellite service in DRC

NAIROBI, Kenya, Aug 17 – Airtel Africa and Starlink have launched a satellite-to-mobile service in the Democratic Republic of Congo (DRC), making it the first African market where the technology has moved to commercial use. The service, launched on August 14, allows Airtel customers with compa...

3 days ago1 min read
Ferrari’s first ever electric car sold for record $40m at auction
Business

Ferrari’s first ever electric car sold for record $40m at auction

AUG 17 – Ferrari’s first ever all-electric car has fetched $40m (£29.5m) in a charity sale, setting a record for a new car sold at auction. The RM Sotheby’s auction in California raised more than 35 times the usual price of a Ferrari Luce. The auction house said the “first pr...

3 days ago1 min read
Treasury doubles domestic borrowing to Sh138bn in July
Business

Treasury doubles domestic borrowing to Sh138bn in July

NAIROBI, Kenya, Aug 17 — The government more than doubled its domestic borrowing in July, raising Sh138.25 billion from the local market as it began the 2026/27 financial year. The amount was 105.5 percent higher than the Sh67.26 billion borrowed in July last year, according to the latest National T...

3 days ago1 min read