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Tag Archives: Kenya

HALF-YEAR REPORT: Equity Group delivers 32% increase in Profit After Tax of KSh45.5billion

  Group net loans grew 19% year on year, driven by expansion across the different segments including Corporate, Retail, MSME, and Public Sector Institutions (PSI) segments, with the strongest contributions from Tanzania, DRC and Uganda.   Nairobi, Kenya | NEWS CORRESPONDENT |  Equity Group Holdings Plc has announced a solid first‑half performance for 2026, underscoring its continued regional …

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Jambojet to resume Nairobi Entebbe flights after six year hiatus

Kampala, Uganda | JULIUS BUSINGE | Jambojet will resume flights between Nairobi and Entebbe on October 1, 2026, ending a six- year absence from the Ugandan market as the regional low-cost carrier seeks to tap growing demand for air travel, tourism and cross-border trade. The airline announced the return on Thursday, …

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NCBA profit climbs 12% to Kshs 12.4billion

Kampala, Uganda | THE INDEPENDENT | NCBA Group Plc has posted a 12.2% increase in first-half profit as East Africa’s economic recovery fueled lending and customer deposits, helping the regional lender offset a sharp increase in provisions set aside against potentially bad loans. Net income rose to KSh12.4 billion in …

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U.S. health aid meets resistance across Africa

NAIROBI, Kenya | Xinhua | Under Washington’s “America First Global Health Strategy,” seven American aid workers entered a U.S. isolation facility in central Kenya in mid-July, defying weeks of local protests and Kenyan High Court orders to halt the work. The strategy aims to rebuild U.S. global health assistance around …

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Safaricom acquisition turns fintech into Vodacom’s biggest growth engine

    Taking control of Safaricom is accelerating Vodacom’s shift from a traditional telecommunications operator into a digital financial services business powered by M-PESA.   SPECIAL REPORT | BIRD AGENCY | South Africa-headquartered Vodacom is entering its biggest strategic reset in decades after taking control of Safaricom, the Kenyan telecommunications …

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From stopover to gateway: How Kenya’s SGR is reshaping Voi

NAIROBI, KENYA | Xinhua | Ali Khan, 17, adjusted his backpack and stepped aboard the afternoon Standard Gauge Railway (SGR) train at Voi Station. Three days earlier, the Indian teenager and 74 fellow campers had arrived here from the Kenyan coastal city of Mombasa on the morning train. After exploring …

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Kenya’s SGR freight volume surpasses 50 million tonnes

NAIROBI, KENYA | Xinhua | The cumulative freight volume transported along Kenya’s Mombasa-Nairobi Standard Gauge Railway (SGR), a flagship project under the Belt and Road Initiative (BRI) cooperation, has exceeded 50 million tonnes as of July 26, the operator said on Monday. Since commencing operations on May 31, 2017, the …

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