Author: Muindi

Kenya Airways lifted first half revenue 9% to KShs 81 billion for the six months to June 30, 2026, even as a smaller fleet and a sharp jump in fuel prices drove the airline deeper into loss. The national carrier told investors in Nairobi that demand for its network held firm despite operating with 9% less capacity than a year earlier. Stronger aircraft utilization and commercial performance lifted cabin factor by 3.9 percentage points to 76.3%, while average fares held their strength across the network. “We grew revenue by 9% to KShs 81 billion despite operating with 9% less capacity,”…

National Bank of Kenya reported pretax profit of KES 2.18 billion for the six months to June 30, 2026, up 124.3% from the same period last year, according to unaudited results announced by the board of directors. Profit after tax rose 60.5% to KES 1.72 billion, and earnings per share increased 61.9% to KES 0.68. The results were signed on behalf of the board by Director L. Omangi and Ag. Managing Director J. Ojalla. The bank attributed the profit growth largely to a decline in interest expense rather than to higher lending income. Total interest income fell 2.7% to KES…

WPP Scangroup’s half year loss deepened to KSh254 million in the six months to June 2026, up from KSh208.3 million a year earlier, as the region’s largest marketing and communications group continued to lose clients and cut costs to slow the bleeding. The Nairobi Securities Exchange listed firm released unaudited results on 21 August 2026 showing gross profit falling 33.7% to KSh539.7 million, down from KSh815.6 million in the same period last year. The company will not pay an interim dividend. Loss per share widened to KSh0.56 from KSh0.46 in H1 2025. The Numbers Metric (KSh) H1 2026 H1 2025…

The Independent Electoral and Boundaries Commission has locked in the roadmap for Kenya’s next General Election, confirming that voters will cast ballots on Tuesday, August 10, 2027, under the same 290 constituencies and 1,450 wards used since 2013. The commission published the timetable in a special issue of the Kenya Gazette on Thursday, August 20, carrying seven notices signed by IEBC Chairperson Erastus Edung Ethekon. Together, they cover elections for president, senators, National Assembly members, county women representatives, governors and members of county assemblies. By retaining the existing boundaries, the IEBC has effectively carried forward the electoral map used in…

Equity Group Holdings has obtained regulatory approval to launch an asset management business, the lender’s Group Managing Director Dr James Mwangi said at the bank’s half year investor briefing, adding a new business line to a group that already spans banking, insurance and technology across six African markets. Mwangi confirmed the licence had been secured and that the business is now in its setup phase, responding to a shareholder question on the status of the project. “The market wants high earning assets as opposed to savings,” Mwangi said, describing a shift among the bank’s customer base away from traditional deposit…

Diamond Trust Bank Kenya has reported a pretax profit of KSh 9.8 billion for the six months to June 30, 2026, a 37 percent jump from the same period last year. The regional lender’s turnaround strategy is now delivering results across its three markets, with revenue climbing 21 percent on the back of stronger interest income and a rapidly expanding digital customer base. The results mark one of the strongest half year performances in the bank’s 80 year history and build on a full year 2025 that saw pretax profit rise 26 percent to KSh 13.5 billion, with profit after…