I&M Group has posted a 19 per cent year-on-year increase in Profit After Tax (PAT) to Sh5.0 billion for the first quarter of 2026, up from Sh4.2 billion in the same period last year. The Group delivered a strong start to the year, recording a 42 per cent growth in customer numbers compared to the…
Kenya’s modern retail sector continues to gain momentum, with retail giant Carrefour marking 10 years of operations in the country amid growing consumer demand, the expansion of digital commerce, and an increase in the formalisation of the retail industry. The retailer, operated in Kenya by Majid Al Futtaim, said it has expanded from its first…
The Absa Kenya Foundation has partnered with German Corporation for International Cooperation and the African Guarantee Fund to launch the CirculaRising Programme, a large-scale initiative targeting over 6,000 new and improved jobs within the next two to three years. Positioned as Kenya’s first and largest circular economy programme, the initiative aims to support more than…
Naivas Supermarkets has rolled out the 2026 edition of its flagship ‘Kikapu Kibonge’ campaign, ramping up efforts to support Kenyan households under pressure from persistently high living costs. Dubbed “Beba Kikapu Kibonge’ with discounts of upto 50 per cent off, it is designed to provide consistent access to essential household goods at discounted prices,…
Kenya’s manufacturers are raising the alarm over rising and unpredictable logistics costs, warning that persistent inefficiencies could erode the country’s competitiveness under the African Continental Free Trade Area (AfCFTA). This emerged during the launch of a new Logistics Study Report by the Kenya Association of Manufacturers (KAM), which paints a stark picture of the cost…
Kenya’s insurance industry surpassed Sh1 trillion in assets and premiums rise to Sh352.29 billion by Q3 2025, attention is now shifting to claims management as the next critical lever for building trust and expanding uptake. This was the focus of the inaugural Claims Conference hosted by Minet Kenya in Naivasha, which brought together insurers, regulators…
The Kenya Revenue Authority (KRA) has reaffirmed its commitment to supporting micro and small enterprises through enhanced taxpayer engagement and simplified compliance measures. Speaking during a taxpayer engagement forum in Kisii County , Commissioner for Micro and Small Taxpayers George Obell emphasised that the authority’s role goes beyond revenue collection. “KRA is not just here to collect; we are…
The I&M Bank has partnered with B Lab Africa to roll out a new initiative aimed at strengthening the resilience and sustainability of Small and Medium Enterprises (SMEs) across Kenya. The collaboration will see the launch of the Resilient Sustainable Business (RSB) programme, a nine-week blended learning experience designed to equip SMEs with the expertise…
The manufacturing sector in Kenya has called for coordinated government action to unlock industrial growth, cut production costs and expand trade within Africa, warning that without deliberate policy support the country risks falling behind regional competitors. The appeal was made during the launch of the Manufacturing Priority Agenda (MPA) 2026 by the Kenya Association of…
Absa CEO Kenny Fihla Kenya Visit: Major Boost for Banking, SMEs and Regional Trade The Absa CEO Kenny Fihla Kenya visit marks a significant moment for the country’s banking and financial services sector, as the Absa Group Chief Executive embarks on a three-day working tour focused on strengthening partnerships, boosting digital transformation, and supporting economic…
