Author: Korir Issa

Stanbic Holdings has cut its interim dividend by 56.8 percent to Kshs 1.64 per share, down from Kshs 3.80 a year earlier, even as the bank posted broadly flat profit for the first half of 2026. The board will pay the reduced dividend to shareholders on the register as of September 1, 2026, with payment expected on or about October 5. The cut lands despite profit after tax edging up 1 percent year on year to Kshs 6.61 billion, a result driven more by a sharp drop in credit impairment charges than by underlying business growth. Why the board cut…

Standard Chartered Kenya released its Sustainability Progress Report 2025. The report shows sustainable finance revenue climbing 16 percent to KES 3.5 billion, while sustainable finance assets grew 11 percent to KES 62.5 billion. Since 2021, the bank has generated KES 7.9 billion in cumulative sustainable finance revenue. That growth points to rising client demand for products that support climate resilience, financial inclusion, and long term growth. Birju Sanghrajka, Chief Executive Officer and Head of Coverage at Standard Chartered Kenya, connected the numbers to a shift in how clients approach banking. He said: “Sustainability is no longer a separate conversation from…

The World Cup trophy has been lifted, Spain and Argentina have taken their final bow, and football moves straight back to its weekly rhythm. SuperSport carried all 104 matches of the 2026 tournament live on DStv and GOtv. Starting in August, that same coverage shifts to a full season of Premier League, La Liga, Serie A and Betway Premiership football, with new managers, marquee transfers and title races reshaped by a summer of change. Kickoff Dates To Know The season opens with two curtain raisers before any league ball is kicked. Paris Saint-Germain, winners of the UEFA Champions League, face…

Standard Bank has moved more than $1 billion through China’s Cross-Border Interbank Payment System in the space of a single year, a sign of how fast trade between Africa and China now moves. The lender, Africa’s largest bank by assets, became the first bank on the continent authorised to process transactions through CIPS. It received approval in June 2025 at the Lujiazui Forum in Shanghai and has since carried over CNY 8 billion, roughly $1.2 billion, through the system. What started in South Africa has already spread to Angola, Ghana, Kenya, Lesotho and Tanzania, giving clients across several major trade…

Kenya’s Court of Appeal has ruled that county health workers kept on repeated short term contracts for years must be treated as permanent and pensionable staff, delivering a judgment that could reshape how public and private employers across the country classify casual labour. The three judge bench sitting in Nyeri, comprising Justices S. ole Kantai, Joyce Lesiit and Fatuma Sichale Ali-Aroni, delivered the ruling on July 24, 2026 in Civil Appeal No. 178 of 2020, Kenya County Government Workers’ Union versus Embu County Government and the Embu County Government Public Service Board. Legal analysts reviewing the decision noted that its…

Kenya has drawn a hard line for anyone wanting to run a crypto business within its borders. The Central Bank of Kenya has gazetted new rules requiring virtual asset firms, from stablecoin issuers to token exchanges, to hold specific amounts of capital before they can legally operate, closing the final gap in a regulatory framework that has been years in the making. The rules arrive through Legal Notice No. 134 of 2026, published in the Kenya Gazette Supplement on 22 July. They complete the licensing and operating framework for virtual asset service providers, giving Kenya’s crypto sector a clear rulebook…