NCBA Group has reported a solid third-quarter performance for the period ended 30 September 2025, with profit after tax rising 8.5% year-on-year to KSh 16.38 billion, driven by improved margins and disciplined cost-of-funding management. “Our profitability was driven by prudent cost of funding management and better asset quality,” said NCBA Group Managing Director John Gachora. “Over the review period, regional subsidiaries demonstrated improved effectiveness in recovering bad debts, reflecting disciplined execution of remedial actions.” NCBA Q3 2025 Financial Performance Summary Metric Q3 2025 Q3 2024 YoY Change Net Interest Income KSh 32.04Bn KSh 25.14Bn ▲ +27.44% Non-Interest Income KSh 21.40Bn…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
KCB Group Plc on Wednesday posted a net profit of KShs 47.3 billion for the nine months ended September 2025, underscoring resilience in a tough operating environment. The Group’s assets expanded to KShs 2.04 trillion, even after divesting from the National Bank of Kenya earlier this year. Group CEO Paul Russo said, “Despite a tough operating environment in all our markets, we have delivered a strong performance showing the resilience of the Group. We continue to execute our business strategy anchored on ‘Transforming Today Together.’” Key Financial Highlights (Q3 2025) Metric Q3 2025 Q3 2024 Change Net Profit (PAT) KShs…
Absa Bank Kenya PLC posted a 15% rise in net earnings to KShs 16.9 billion for the nine months ending September 30, 2025, driven by stronger non-interest income and lower credit impairments, despite a dip in net interest income. The bank’s non-interest income rose 11.2% to KShs 13.6 billion, supported by strategic diversification into new business lines and growth in digital payments. However, net interest income fell 4.6% to KShs 32.95 billion, marking the first decline since 2017, as loan yields softened in a compressed rate environment. Absa Bank Kenya CEO Abdi Mohamed attributed the performance to customer-centric strategy and…
Africa’s investment landscape is undergoing a quiet transformation. The RMB Where to Invest in Africa 2025/26 report ranks 31 countries across 20 indicators grouped under four pillars: macroeconomic performance, market accessibility, innovation and stability, and human development. As RMB notes, “Africa is navigating significant turbulence and transformations on multiple fronts, both geopolitically and economically.” Yet the report shows that stability and governance now outweigh sheer market size. Smaller, well‑governed economies are steadily outperforming traditional heavyweights, while East Africa continues to anchor regional resilience. Top 10 African Investment Destinations (2025/26) Rank Country Key Drivers of Ranking 1 Seychelles Fiscal stability, low…
Starting 1st March 2026, Emirates will launch a third daily flight to Nairobi, marking a major milestone as the airline celebrates 30 years of operations in Kenya. With this addition, Emirates will operate 21 flights per week between Nairobi and Dubai, connecting travellers to nearly 150 global destinations. Enhanced Global Connectivity for Kenyan Travellers The new flight introduces an early morning arrival and departure, improving two-way access to key markets in Europe (UK, France, Norway, and Italy) and the United States. This strategic move supports Kenya’s goal to attract 5 million international tourists by 2030. EK717 departs Dubai at 00:55…
The Agriculture and Food Authority (AFA) has imposed a two-and-a-half-month suspension on the harvesting and trade of locally produced macadamia nuts. The directive, effective from December 1, 2025, to February 15, 2026, applies to all value chain actors: processors, exporters, importers, and marketing agents. According to AFA Director General Dr. Bruno Linyiru, the decision follows a nationwide crop maturity survey showing that a significant portion of macadamia nuts remain physiologically immature. Harvesting at this stage would compromise oil content, flavour, and shelf life; key attributes that define Kenya’s premium standing in global markets. “The closure period will allow adequate time…