Diamond Trust Bank (DTB) has reached a milestone in its flagship environmental initiative, ‘Much More Than Trees’, planting and nurturing over one million trees since the programme’s launch in 2023. The initiative, unveiled at AMREF International University in Northlands, Ruiru, is part of DTB’s broader commitment to achieve net‑zero operations by 2030. The ceremony marking the achievement was presided over by Dr. Clement Ng’oriareng, Principal Senior Deputy Director of Forest Conservation and Management at the Kenya Forest Service. https://youtu.be/QyK4enoeRTc DTB Group CEO Nasim Devji underscored the bank’s long‑term vision: “Tree‑growing is key to sustainability, and we are keen on growing…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
Sidian Bank has posted a remarkable turnaround in its third-quarter results for the period ended 30 September 2025, reporting a profit after tax of KES 1.4 billion, a staggering 444.75% increase from KES 257 million in the same period last year. This performance highlights the bank’s strategic shift toward income diversification and balance sheet resilience, marked by significant gains in non-interest income and government securities, which cushioned a modest decline in loan-related earnings. Financial Highlights Metric Q3 2025 (KES Bn) Q3 2024 (KES Bn) YoY Change (%) Profit After Tax (PAT) 1.40 0.257 +444.75% Interest Income 6.10 4.70 +29.79% Income…
Tatu City’s dynamic growth narrative reached a new milestone with the unveiling of Porini Point, a residential enclave designed for homeowners and investors seeking modern, high-quality apartments in Africa’s fastest-growing new city. Set on a hillside adjacent to the world’s only urban wildlife sanctuary, Porini Point blends nature, infrastructure, and lifestyle into a bold new vision for Kenyan urbanism. “Every city has a beginning. Every story starts with a dream… a city that is sustainable, beautiful, and modern. That is how Tatu City was born,” said Preston Mendenhall, Group COO and Kenya Country Head at Rendeavour. A Vision Rooted in…
Vodacom Group, South Africa’s largest telecom operator, has ruled out spinning off M-PESA from Safaricom or listing it as a standalone entity despite renewed pressure from Kenyan authorities to unbundle the telco’s core businesses. The group, which co-owns Safaricom with the Kenyan government (each holding a 40% stake), said M-Pesa’s mobile money operations are “intricately linked” to Safaricom’s value proposition. “We’re not looking to separately list the financial service businesses,” Vodacom CEO Mohamed Joosub said during Tuesday’s earnings call. “We see it more closely linked and coupling that with loyalty going forward.” M-PESA Powers Safaricom’s Strong HY26 Results The statement…
Kenya’s investment ecosystem is brimming with potential. From Nairobi to Embu, founders are building, fund managers are mobilising, and regional networks are expanding. Yet private equity (PE), the capital engine that could scale these ambitions, is still underperforming. Africa receives just 1–2% of global venture capital, despite holding nearly 20% of the world’s population. Edward Claessen, Head of the European Investment Bank’s (EIB) Regional Hub for Eastern Africa, puts it plainly: “There’s a big mismatch. That’s why we launched Boost Africa to bridge the gap and support entrepreneurs from startup to scale.” In a recent The Kenyan Wall Street webinar,…
Foreign direct investment (FDI) flows to Africa fell sharply by 42% year-on-year, reaching just $28 billion in the first half of 2025, according to the latest Global Investment Trends Monitor released on October 31 by UN Trade and Development. This is the steepest regional decline globally, underscoring the continent’s vulnerability to macroeconomic shocks and investor caution. “Investor caution is deepening. Tariff escalation and ongoing geopolitical tensions have heightened uncertainty, leading to a widespread wait-and-see attitude across many sectors,” the report noted. Regional Breakdown: North Africa vs Sub-Saharan Africa Region FDI Inflows (H1 2024) FDI Inflows (H1 2025) Change (%) Africa…