Friday, March 13, 2026
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James Oundo

Equity Group Q1 2025 net profit drops 4 percent to Sh15.4 billion

Equity Group Holdings has announced Sh15.4 billion net profit for the first quarter of the year. This Equity Group Q1 2025 net profit was a drop of 4 percent when compared to the Sh16 billion net profit the Group...

New income tax rates World Bank wants for Kenyans earning over Sh24,000

The World Bank is pushing for new income tax rates for Kenya. In a new report that is proposing new tax bands, Kenyans earning over Sh800,000 per month should pay 38 percent income tax. At the same time, the...

Absa Bank Kenya Q1 2025 net profit rises marginally to Sh6.2 billion

Absa Bank Kenya has announced a net profit increase of 3 percent in the first three months of the year. The results by the lender show that Absa Bank Kenya Q1 2025 net profit increased from Sh5.9 billion that...

National Treasury to sell Safaricom shares in bid to raise Sh149 billion

The National Treasury has announced that it is planning to sell Safaricom shares in a bid to raise more money from targeted privatization of State assets. This has been revealed by the Cabinet Secretary for the National Treasury John...

Ethiopian Cargo receives 12th Boeing 777-200LR cargo aircraft

Ethiopian Cargo has received its 12th Boeing 777-200LR Freighter aircraft, ET-BAC. Ethiopian Cargo is the freight arm of the Ethiopian Airlines. "This milestone delivery not only expands our cargo capacity but also enhances our logistics network across key global markets,...

KCB Group Q1 2025 net profit remains flat at Sh16 billion

KCB Group has announced a Sh16.54 billion net profit in the first quarter of the current financial year. This KCB Group Q1 2025 net profit came in flat from the Sh16.48 billion net profit that was recorded in the...

Equity sacks scores of employees over suspicious M-Pesa, bank accounts

Equity Bank Kenya has sacked a number of employees over suspicious M-Pesa and bank accounts transactions. The sacking follows an internal investigation that started on April 14, 2025, which revealed the undertakings by the impacted Equity Bank employees. According to...

Kenyans now using fridges, TVs, livestock as collateral for loans

Kenyans are now securing loans using fridges, TVs, livestock, the latest data from the Business Registration Service (BRS) has shown. The BRS is currently the custodian of the Movable Property Security Rights registry in which creditors including commercial banks...

Buyers shunning overpriced second hand Toyota Premio for Mazda Atenzas

For years, the Toyota Premio has been one of the most sought-after vehicles in the Kenyan second hand cars market. The vehicle has been a favourite among Kenyans due to its high reliability - a characteristic that is often...

5 things you need to know when starting a business in your 20s

Starting a business is no small fete. Starting a business in your 20s when you're young is even more complicated. You don't know where to start or even what to do. You need to learn the ropes. Before you get...

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Kinyanjui Kombani Pens a Love Letter to Legacy in New Book, Dear Mama

Kenyan writer and banker Kinyanjui Kombani has published a deeply personal new book, Dear Mama—a work that reads less...
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