James Oundo

KQ shares lose 20pc value on NSE after Sh12.15 billion half year loss

Kenya Airways was the biggest loser at the Nairobi Securities Exchange (NSE) on Wednesday after losing 19.18 percent of its market value. The KQ shares drop came a day after the national carrier announced that it had slumped back...

Local tycoons acquire Savannah Cement in deal worth Sh3.8 billion

Troubled Savannah Cement has been acquired by a group of local tycoons in a multi-billion deal. The cement maker has been bought by tycoons who are currently in the flour milling industry in a deal worth Sh3.8 billion. The tycoons...

How KQ went from historic profit to Sh12b net loss in 6 months of this year

The national carrier Kenya Airways has fallen back into loss making territory with a Sh12.15 billion net loss in the first six months of 2025. This loss comes after a record profit of Sh5.4 billion that the national carrier...

US starts to review all issued visas for potential cancellations

The United States Department of State has started reviewing all issued visas for potential deportable violations and cancellations. The review of the visas shall be conducted on all the 55 million visas that have been issued by the United...

How Simba has firmed its position as East Africa’s largest bank

When listed commercial banks in Kenya released their financial results for the second half of the current financial year, Simba once again proved why it is East Africa's largest bank. The KCB Group, popularly known as Simba, not only shook...

How US-China trade war stalled Nairobi-Mombasa expressway project

Lenders from the United States who were being tapped by Everstrong Capital as financiers of the Sh468 billion Nairobi-Mombasa expressway project were uncomfortable with the involvement of a construction company with Chinese shareholding. This was one of the main...

Historic dividend unlocks new era of wealth for KCB Group shareholders

August 14, 2025 is a day that will be remain etched in the memories of all KCB Group shareholders for a long time to come. This was the day that the banking group announced that it will be paying...

U.S firm Everstrong moves to revive Nairobi-Mombasa expressway project

United States of America firm Everstrong Capital has denied that the Sh468 billion Nairobi-Mombasa expressway project has been terminated by the government. The company says that instead of the termination as has been widely reported, the Kenya National Highways Authority...

Nation Media Group announces Sh41.7 million 2025 half year net loss

The Nation Media Group has announced Sh41.7 million 2025 half year net loss. This loss after tax was a major improvement from the Sh260.2 million net loss that the media house had recorded in the same period the previous...

KCB shareholders to pocket Sh4 per share dividend; 2025 half year net profit hits Sh31.5bn

KCB shareholders are set to pocket Sh4 per share dividend. This was announced on Wednesday August 13, 2025, when the bank released its 2025 half year results. This dividend is made up of Sh2 per share interim dividend and an...

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NCBA Insurance bets on marine cover as Kenya’s trade sector expands

NCBA Insurance has reaffirmed its commitment to strengthening partnerships with insurance intermediaries as it champions greater awareness and adoption of...