Author: Korir Issa

Credit Bank cut its pre-tax loss to KSh 26.6 million in the first quarter of 2026, down sharply from KSh 68 million in the same period a year earlier, as the lender pressed ahead with a deliberate strategy to rebuild capital, tighten asset quality, and reduce its reliance on loan income in a market where lending carries rising risk. The results reflect a bank navigating a difficult but familiar tension: grow too fast and absorb bad loans, or slow down and take the hit on short-term earnings. Credit Bank chose the latter — and the numbers suggest the trade-off is…

Sixteen girls are dead and dozens more injured after a fire tore through a dormitory at Utumishi Girls Academy in Gilgil, Nakuru County, in the early hours of Thursday, May 28, 2026. The government has shut the school indefinitely, and Education Cabinet Secretary Julius Ogamba has warned that anyone found responsible will face criminal charges. BREAKING: Utumishi Girls Academy has been closed for investigations over the dormitory fire that left 16 student dead continue. Education CS Julius Ogamba says those responsible for the fire will be charged. pic.twitter.com/X1hol3V604 — Brygettes Ngana (@NBrygettes) May 28, 2026   The closure gives investigators…

KCB Group shareholders walked away from the 2025 Annual General Meeting with a KSh 22.5 billion dividend approval, the largest payout in the bank’s history, as full-year net profit climbed to a record KSh 68.4 billion. The total dividend of KSh 7.00 per share, a 133% jump from the prior year, combines an interim and special dividend of KSh 4.00 per share approved by the Board in November 2025, and a final dividend of KSh 3.00 per share approved at the AGM on Thursday. The final dividend, net of withholding tax, pays out on or about May 22, 2026, to…

Equity Group Holdings delivered a 24% rise in profit after tax to KSh19.1 billion for the quarter ended 31 March 2026, drawing on gains across Kenya, the Democratic Republic of Congo, Rwanda, and Tanzania, alongside a loan book that shed four percentage points of non-performing exposure over the past twelve months. GROUP FINANCIAL HIGHLIGHTS METRIC Q1 2026 Q1 2025 CHANGE Profit after tax KSh 19.1bn KSh 15.3bn +24% Total assets KSh 2.04tn KSh 1.75tn +16% Customer deposits KSh 1.48tn KSh 1.31tn +13% Net loans and advances KSh 873bn KSh 805bn +9% Total operating income KSh 55.3bn KSh 48.2bn +15% Net…

Thousands of commuters across major towns in Kenya woke up stranded on Monday morning as matatu operators grounded their fleets in protest against soaring fuel prices, exposing the domestic cost of a war Kenya did not start and cannot stop. The Transport Sector Alliance, in a joint statement issued on Sunday 17 May, announced a nationwide shutdown of public transport operations in response to the latest fuel price increase gazetted by the Energy and Petroleum Regulatory Authority. The Truckers Association of Kenya joined the action hours later, raising the prospect of supply chain disruptions extending well beyond the capital. Mbadi…

Diamond Trust Bank Kenya earned its sharpest net interest income growth in recent memory, posting a first quarter profit after tax of KSh 3.5 billion for the three months to March 2026, up 7.7% from KSh 3.2 billion a year earlier. The result was driven by widening interest margins and falling funding costs, though a 151.8% surge in loan loss provisions limited how far that income gain translated into bottom line growth. Falling Funding Costs Power a 30.9% Jump in Net Interest Income Interest income rose 10.3% to KSh 16.2 billion, while interest expenses fell 12.2% to KSh 6.1 billion…