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Microfinance Sector Faces Profitability Pressures Despite Driving Jobs and Inclusion, Industry Leaders Say

Sharon AtienoApril 29, 2026April 29, 202609 mins

AMFI Chairman Wangaruro Mbira speaking the Association of Microfinance Institutions Kenya (AMFI-K) Media Breakfast and Sensitization Forum in Nairobi. Nairobi, April 29, 2026 Kenya — Less than half of microfinance institutions in Kenya are currently profitable, a reality industry leaders attribute to high-risk lending models, expensive capital, and regulatory challenges, even as the sector continues…

KAM Calls for Peaceful Protests Amid Fuel Cost Concerns

Emmanuel MasindeApril 20, 202603 mins

The Kenya Association of Manufacturers (KAM) has urged Kenyans to exercise restraint and uphold peace during planned demonstrations over the rising cost of fuel, even as concerns over the high cost of living persist. In a statement issued Monday, KAM acknowledged public discontent following the recent fuel price review by the Energy and Petroleum…

Did you know: Diamond Trust Bank Wearables let you pay with a tap

Wendy SheilaApril 9, 2026April 9, 202604 mins

Nairobi, 09 April 2026 — For 28-year-old Nairobi runner Amina Odhiambo, the morning park run just got simpler. No more fumbling for a phone or card at the coffee cart afterwards , she taps a slim silicone band stamped with the Kenyan flag and her Diamond Trust Lab (DTB) account pays for her takeaway in…

MWAK, Family Bank Foundation Deepen Sponsorship to Empower KDF Children Through TVET Programme

Sharon AtienoApril 9, 2026April 9, 202606 mins

Military Wives Association of Kenya (MWAK) Chair Grace Kahariri & The Family Group Foundation Chair Francis Muraya, after signing a partnership to support scholarships, vocational training, youth entrepreneurship, and environmental programmes during the graduation of 89 dependents of Kenya Army service men and women from the TVET programme by the Foundation and MWAK. NAIROBI, April…

Absa Bank hands over KES2 million to Njoroge Kibugu for stellar performance at the 2026 Magical Kenya Open

By CorrespondentMarch 31, 2026March 31, 202605 mins

Absa Bank Kenya Marketing and Corporate Affairs Director Mwihaki Wachira presents a KES. 2 million cheque reward to pro golfer Njoroge Kibugu and his caddie Bo Ciera following his remarkable performance at the 2026 Magical Kenya Open presented by Absa in February. Nairobi, Kenya March 25, 2026 – Kenya’s top professional golfer, Njoroge Kibugu, has…

Family Bank Group Profit After Tax Surge By 55.4% For The Year Ended 2025

By CorrespondentMarch 31, 202603 mins

Nairobi, Kenya, March 30, 2026 – Family Bank Group Profit After Tax has surged by 55.4% from KES 3.5 billion to KES 5.4 billion for the financial year ended 2025, while Profit Before Tax grew by 61.6% to KES 6.3 billion. The growth in performance was primarily driven by growth in interest-earning assets and improved…

Emmanuel MasindeMarch 30, 2026March 30, 202608 mins

Kenya’s manufacturing sector has called for urgent action to address logistics bottlenecks that continue to undermine competitiveness and limit the country’s ability to fully benefit from the African Continental Free Trade Area (AfCFTA). This was during the launch of the Logistics Study Report by Kenya Association of Manufacturers (KAM). Findings from the report reveal that logistics costs across key trade corridors remain high…

30% of Working Kenyans Earning More as Financial Optimism Rises – Old Mutual Monitor

Sharon AtienoMarch 28, 2026March 28, 202606 mins

L-R Onassis Ndegwa Head of Business Development – Corporate Business Old Mutual Investment Group Kenya, Vuyokazi Mabude Head of Knowledge & Insights Old Mutual Limited, Martin Karenju Managing Director Old Mutual Life Assurance Kenya, Dr. Tabitha Njuguna Faculty Member Strathmore University Business School and Justus Kittony Head of Business Development Faulu Microfinance Bank take part…

Equity Tops Africa’s Banking Brands, Ranked Kenya’s Most Valuable Brand

By CorrespondentMarch 23, 2026March 23, 202602 mins

Nairobi, March 23, 2026 — Equity Bank has reinforced its dominance in the financial sector after being ranked Africa’s strongest banking brand and Kenya’s most valuable brand in the latest assessment by Brand Finance. The lender posted a Brand Strength Index (BSI) score of 93.9 out of 100, earning the top-tier AAA+ rating and securing…

NBK Records 178% Growth in Pre- Tax Profit as Turnaround Gains Momentum in FY 2025

By CorrespondentMarch 23, 2026March 23, 202607 mins

National Bank of Kenya (NBK), a wholly owned subsidiary of Access Bank PLC, has reported a strong financial performance for the year ended 31 December 2025, posting significant growth in profitability, strengthened capital position, and improved asset quality following its integration into the Access Group. Profit before Tax rose sharply to KShs 2.91 billion, up…

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Category: Banking and Financing

Microfinance Sector Faces Profitability Pressures Despite Driving Jobs and Inclusion, Industry Leaders Say

KAM Calls for Peaceful Protests Amid Fuel Cost Concerns

Did you know: Diamond Trust Bank Wearables let you pay with a tap

MWAK, Family Bank Foundation Deepen Sponsorship to Empower KDF Children Through TVET Programme

Absa Bank hands over KES2 million to Njoroge Kibugu for stellar performance at the 2026 Magical Kenya Open

Family Bank Group Profit After Tax Surge By 55.4% For The Year Ended 2025

30% of Working Kenyans Earning More as Financial Optimism Rises – Old Mutual Monitor

Equity Tops Africa’s Banking Brands, Ranked Kenya’s Most Valuable Brand

NBK Records 178% Growth in Pre- Tax Profit as Turnaround Gains Momentum in FY 2025