Reports & Analysis
In 2024, Co-operative Bank subsidiaries delivered impressive financial results. The bank released these figures this month. They show profit-before-tax gains across its four main subsidiaries. This success highlights the group’s strength and growth. Kingdom Bank Limited serves micro, small, and medium businesses. It earned a profit before tax of
News
The Kenya Wildlife Service (KWS) has issued an update on the successful adaptation of the 17 mountain bongos recently repatriated from Palm Beach County, Florida, to their newly established sanctuary on the northeastern slopes of Mount Kenya. The 17 bongos, which were safely transported to Kenya in late February, have
News
The 72nd edition of the World Rally Championship (WRC) Safari Rally came to an electrifying close at Hell’s Gate National Park on Sunday, cementing Kenya’s status as a premier global destination for sports tourism. The event drew thousands of fans, dignitaries, and competitors from around the world, all
News
The Kenya Airports Authority (KAA) has signed a new service charter aimed at improving efficiency and customer experience at Jomo Kenyatta International Airport (JKIA). This initiative brings together key government agencies and service providers operating at the airport. Cabinet Secretary for Tourism and Wildlife, Rebecca Miano, played a central role
News
On the evening of 14th March, Tourism and Wildlife Cabinet Secretary, Hon. Rebecca Miano, attended the St. Patrick’s Day celebrations, marking an important moment for enhancing Kenya-Ireland relations in the tourism sector. CS Miano expressed the value Kenya places on learning from Ireland's successful tourism strategies. "
News
The Nairobi Securities Exchange (NSE), in collaboration with the International Finance Corporation (IFC), Global Compact Network Kenya, and UN Women, marked International Women’s Day 2025 by joining over 100 stock exchanges globally for the annual Ring the Bell for Gender Equality event. This initiative calls attention to the critical
News
The High Court of Kenya rules in favor of Co-operative Bank of Kenya, confirming that the bank acted lawfully when it reversed Ksh10 million ($77,519.37) deposited into a client’s account without proper documentation. This decision reinforces Kenya’s anti-money laundering laws and highlights the need for financial
World Business
The banking sector in Kenya continues to show resilience, with major players like Co-op Bank Group and Absa Bank reporting impressive profit growth. Co-op Bank Group net earnings rose by 9.8% to Sh25.5 billion in 2024, driven by increased customer deposits. Deposits jumped 12.1% to Sh506.1
World Business
Co-op Bank Kenya continues to demonstrate resilience and strategic growth, achieving impressive expansion across its subsidiaries and reinforcing its position in the financial sector. Kingdom Bank reported a net profit of Sh548.9 million despite a higher tax charge, a decline from Sh655 million the previous year. Meanwhile, Co-op Consultancy
World Business
Co-operative Bank of Kenya has posted a 9.8% increase in net profit, reaching Sh25.4 billion for the year ended December, up from Sh23.1 billion in the previous year. This growth was primarily fueled by higher interest income, reflecting the bank’s strong financial performance amid a dynamic
News
Leading mobile services provider Safaricom has reaffirmed its long-standing support for conservation and community development by committing Ksh 25 million to the Lewa Safari Marathon as both the company and the race celebrate their 25th anniversaries. Since its inception in 2000, the Lewa Safari Marathon has grown into a globally
News
The Nairobi Securities Exchange (NSE) has revised initial margin requirements for equity futures contracts, signaling market stability for listed firms, including Safaricom. The adjustment, aligned with global risk management standards, reflects improved market conditions rather than concerns about volatility. Safaricom, the only telecommunications company listed on the NSE, continues to