Family Bank Group has posted an impressive 38 percent growth in profit after tax, rising from KES 2.5 billion to KES 3.4 billion in 2024. The Bank’s profit before tax also recorded a significant increase of 22.5percent , reaching KES 3.9 billion from KES 3.1 billion in 2023. This strong financial performance was attributed to…
In a landmark move to accelerate Africa’s industrialization, the Common Market for Eastern and Southern Africa (COMESA) has unveiled its Leather Value Chain Strategy 2025–2029. The high-profile launch, held in Nairobi, brought together government officials, development partners, private sector leaders, and delegates from COMESA’s 21 Member States, marking a pivotal moment for the continent’s leather…
From L-R: Sally Jepkorir, a Shareholder, Equity Group Chairman, Prof. Isaac Macharia, Equity Group Managing Director and CEO, Dr. James Mwangi and Daniel Kimotho, a Shareholder, during the Full Year 2024 Investor Briefing event. Equity Group Holdings Plc has reported robust financial performance for 2024, driven by strategic diversification, innovation, and regional expansion. The Group’s…
Representatives from KEBS departments at the Market Surveillance, Standards Development and Trade and the Quality Assurance directorate pose for a photo with the journalists during media Sensitization Workshop. The Kenya Bureau of Standards (KEBS) has reiterated its commitment to ensuring product quality and consumer safety through rigorous certification processes. Acting Chief Manager for Quality Assurance,…
Liberty Kenya Holdings Plc has reported a remarkable 108.5 percent urge in its Profit After Tax (PAT) to KShs 1.402 billion for the financial year ended December 31, 2024, up from KShs 672 million in 2023. The impressive growth is attributed to strong investment gains, increased insurance earnings, improved claims experience, and disciplined cost management…
The Africa Leather and Leather Products Institute (ALLPI), in collaboration with the Common Market for Eastern and Southern Africa (COMESA), is set to unveil the COMESA Regional Leather Value Chain Strategy (2025-2029) during a high-level dialogue workshop in Nairobi on March 27-28, 2025. The event will bring together key industry stakeholders, policymakers, and development partners…
Kenya Airways PLC has recorded a remarkable after-tax profit of KShs 5.4 billion for the financial year ending December 31, 2024, marking a significant turnaround from a KShs 22.6 billion loss reported the previous year. This represents an impressive KShs 28 billion improvement and a 124% increase in net profit, signaling renewed financial stability and…
(L-R) Mogo Product Marketing Manager for Car Log book Loans Valerie Zenata with Mogo Customer Joseph Ng’ang’a and Mogo Deputy Country Manager Branton Mutea at the launch of The Best Price Guarantee Campaign Launch. Mogo, East Africa’s leading asset financier, has launched its Best Price Guarantee campaign, reinforcing its position as the go-to provider for…
The State Department of Investment Promotion (SDIP) and The Netherlands Business Hub Kenya (NLBH) have signed a Memorandum of Understanding (MOU) aimed at enhancing trade and investment opportunities between the two nations. The agreement, formalized during a high-profile business forum coinciding with the State Visit of King Willem-Alexander and Queen Máxima of the Netherlands, underscores…
Absa Bank Kenya Chief Financial Officer Yusuf Omari, Chairman, Board of Directors Charles Muchene, and Chief Executive Officer Abdi Mohamed during the release of Absa Bank Kenya’s full-year 2024 financial results during which the bank announced a net profit of KES. 20.9 billion Absa Bank Kenya PLC has posted a robust financial performance for the…
