In a milestone achievement for East Africa’s telecommunications industry, Safaricom PLC (NSE: SCOM) reported total revenue of KES 388.7 billion (approximately $3 billion) for the year ended March 31, 2025—an 11.2 percent increase over the prior year. Net income climbed 10.8 percent to KES 69.8 billion, while Earnings Before Interest and Taxes (EBIT) surged 29.5 percent to KES 104.1 billion. The Board approved a total dividend payout of KES 48.08 billion, […]

Kenya is intensifying its efforts to revolutionize the water and sanitation sector, placing a strong emphasis on climate resilience, digital innovation, and private sector investment. This strategic shift comes ahead of the Kenya Water and Sanitation International Conference and Exhibition 2025, scheduled for June 23 to 27 at PrideInn Paradise Beach Resort in Mombasa. A […]

Prime Cabinet Secretary Musalia Mudavadi embarked on a landmark visit to Washington, D.C., this week, underscoring the deepening ties between Kenya and the United States. On May 6, 2025, he met with Congressman Brian Mast, Chairman of the U.S. House Foreign Affairs Committee, at Capitol Hill, lauding America’s steadfast support in promoting peace and regional […]

Absa Bank Kenya has stepped in to ease the burden on its most vulnerable customers, announcing the restructuring of Ksh 3.4 billion (approximately $26.35 million) in loans during 2024. Faced with the twin challenges of surging costs of doing business and squeezed household budgets, many Kenyans found themselves teetering on the edge of default. Absa’s loan‑restructuring initiative offers […]