James Oundo

Safaricom’s half year 2026 net profit jumps 52.1 percent to Sh42.8 billion

NSE-listed telecommunications firm Safaricom has announced a net profit of Sh42.8 billion in the first half of its 2026 financial year. This was a growth of 52.1 percent from the net profit of Sh28.1 billion that the company had...

KeNHA: Chinese consortium not yet approved to build Mau Summit toll road

The Kenya National Highways Authority (KeNHA) has come out to clarify that the consortium led by China firm China Road and Bridge Corporation (CRBC) and the National Social Security Fund (NSSF) has not yet been approved to start working...

Mbadi: Shilling to USD should be 118 but we’re artificially keeping it 129

National Treasury Cabinet Secretary John Mbadi has admitted that the government is currently artificially managing the Kenya Shilling exchange rate against the dollar at 129. CS Mbadi said on Tuesday that the Kenyan currency could have strengthened to 118...

Munga turns to wife to avoid auctioneers over multi-million ABC Bank loan

Businessman Peter Munga has managed to stall a looming auction of his Britam shares valued at over half a billion shillings over a defaulted ABC Bank loan. This is after the businessman's wife successfully asked the court to stop...

Equity Group Q3 2025 net profit jumps 32 percent to Sh54.1 billion

Equity Group has announced a Sh54.1 billion net profit for the first nine months of the year. The Equity Group Q3 2025 net profit was growth of 32.4 percent from the net profit of Sh40.9 billion that the banking...

Nvidia becomes world’s first company to hit $5 trillion in market valuation

Tech giant Nvidia has made history as the world's first ever $5 trillion company. This rise in market value has been meteoric for the US-based company that achieved the $1 trillion in market valuation for the first time in...

Rironi-Mau Summit toll road contractor to earn Sh340 billion

The Rironi-Mau Summit toll road contractor will earn an operating profit of USD2.63 billion equivalent to about Sh339.8 billion, projections have shown. These earnings will be corrected over the 30-year period that they will operate the road charging a...

Kenya to pay India’s Adani over Sh5 billion for canceled electricity deal

President William Ruto's administration has opened talks with Indian firm Adani Group over the amount of money that Kenya will pay as compensation for a flopped power deal. These talks have been confirmed by the National Treasury's Public-Private Partnership (PPP)...

NSSF, Chinese contractor to build Sh170bn Rironi-Mau Summit toll highway

Chinese construction firm China Road and Bridge Corporation (CRBC) and the National Social Security Fund (NSSF) have won a multi-billion tender to build the Rironi-Mau Summit toll highway. This was announced by the Kenya National Highways Authority (KeNHA) which said...

Ndegwa and Kenyatta families earn Sh12.4 billion in five days

The Ndegwa and Kenyatta families who are two of the largest shareholders in NCBA Group have seen their paper wealth gain by up to Sh12.4 billion in five days as the NCBA shares gain in a historic bull run. The...

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The modern parent’s guide to navigating Back-to-School season bila presha

For many parents and guardians, the back-to-school season begins in the small, quiet moments. It could be in the...