Author: Khusoko

Family Bank Group has reported a 38.7% increase in Profit After Tax (PAT), reaching KES 2.2 billion for the six months ended June 30, 2025, up from KES 1.6 billion in the same period last year. The strong performance reflects sustained revenue growth, disciplined cost management, and a resilient balance sheet amid a dynamic economic landscape. Strong Asset Growth and SME Lending Boost The Group’s total assets rose by 21.8% to KES 192.8 billion, driven by a 10.4% expansion in the loan book to KES 100.9 billion. This growth was supported by strategic funding partnerships with British International Investment and…

At last year’s COP, one of the most striking highlights was the large number of youth present, asking hard questions and holding leaders accountable. This is not new; young people have always challenged the status quo. Unfortunately, many continue to do so without the resources, mentorship, or support they deserve. As a result, the world is missing out on a golden opportunity to collaborate with them. We need to move from seeing youth as beneficiaries to recognising them as true partners in achieving the SDGs. Authentic mentorship is key—long-term guidance that builds capacity and expands opportunities. Equally important is giving…

Kenya’s infrastructure development stands to gain substantially if the Institution of Engineers of Kenya (IEK) recommendations are implemented. At a side event during the Devolution Conference in Homa Bay, IEK President Eng. Shammah Kiteme called for a nationwide transition to digital approval systems for engineering projects. This shift aims to reduce bureaucratic delays that currently hamper construction timelines. “The delays caused by outdated systems hinder progress,” Eng. Kiteme stated, highlighting the inefficiencies of manual processes. He emphasised that digital platforms could streamline approvals, reduce paperwork, and expedite project delivery at both national and county levels. Manual Systems Still Hamper County-Level…

Yellow Card, Africa’s largest licensed stablecoin-based infrastructure provider, has appointed Gillian Darko as Vice President of Strategy. A seasoned executive with a track record at JP Morgan Asset Management, PwC, and JUMO, Darko steps into the role after serving as Chief of Staff and Director of Strategy at the fintech firm. Reporting directly to the CEO, she joins the executive leadership team to spearhead Yellow Card’s long-term growth strategy, innovation roadmap, and market expansion efforts across Africa and other emerging regions. “Stepping into this role is about seizing the momentum we’ve built and accelerating it,” said Darko. “My focus is…

The African Airlines Association (AFRAA) has often been asked why ticket fares in Africa have been on the rise, more than doubling from pre-COVID to date. A Paradox of Growth and Inaccessibility As an aviation industry trade association, such enquiries do not come as a surprise. Africa has the lowest GDP per capita but the highest ticket fares for similar distances compared to other continents. The promise of affordable air travel remains a distant dream for many Africans, despite the fact that connectivity is fostering economic development and cross-cultural interaction. Aviation’s Economic Power vs. Passenger Realities The aviation industry contributes…

Boston Consulting Group (BCG) has appointed Nicholas Clarke as Managing Director and Partner in its Nairobi office, effective 1 July 2025. The appointment reinforces BCG’s commitment to deepening its presence in East Africa and supporting the region’s development ambitions. Nicholas is a core member of BCG’s Social Impact and Public Sector practice areas. His work focuses on economic development, including investment acceleration, trade promotion, and industrial growth. He collaborates extensively with donors, foundations, and multilateral institutions to deliver large-scale transformation programmes across Africa. Global Experience and Academic Credentials Before relocating to Nairobi, Nicholas was based in BCG’s New York office…