Author: Korir Issa

The Kenya Aviation Workers Union and three aviation bodies signed a return to work agreement on Monday, ending a strike that had disrupted flights at Jomo Kenyatta International Airport and other airports since August 30. Cabinet Secretary for Roads and Transport Davis Chirchir chaired the negotiations. Acting Kenya Civil Aviation Authority Director General Nicholas Bodo, Kenya Airports Authority Company Secretary Fridah Mbugua, Jambojet Managing Director Karanja Ndegwa and KAWU Secretary General Moss Ndiema signed the agreement. Central Organisation of Trade Unions Secretary General Francis Atwoli and Cabinet Secretary for Labour and Social Protection Alfred Mutua witnessed the signing, along with…

HFCB Group closed the first half of 2026 with its strongest six month performance on record, as profit, income, assets and deposits all reached new highs less than two months after the lender dropped the HF Group name it carried for decades. Profit after tax climbed 58.3% to KSh 988.33 million, net interest income rose 29.4% to KSh 2.64 billion, and customer deposits surged 29.7% to KSh 68.08 billion. Profit before tax jumped 74.3% to KSh 1.23 billion from KSh 702.89 million, crossing the KSh 1 billion mark in a first half for the first time. Profit after tax came…

Britam Holdings Plc grew profit after tax by 53.3% to KES 2.66 billion for the six months ended June 30, 2026, up from KES 1.74 billion a year earlier. Profit before tax climbed 52% to KES 3.82 billion from KES 2.51 billion, marking a strong opening chapter for the insurer’s 2026 to 2030 ASCEND strategy. The Nairobi listed insurer credited the growth to firmer underwriting margins and rising fee income, which cushioned a sharp drop in investment income during the period. Underwriting Gains Offset Weaker Investment Income Insurance revenue grew 13.7% to KES 22.39 billion from KES 19.69 billion, lifted…

I&M Group posted a strong first half in 2026, with profit after tax climbing 22.4 percent year on year to KES 10.17 billion, as net interest income and total operating income both grew faster than the group’s cost base. The results, drawn from unaudited financial statements approved by the board on August 26, 2026, show a bank benefiting from expanding lending and a shrinking pile of bad debt at the same time, a combination that doesn’t happen every reporting season. Income Growth Outpaces Expenses Net interest income rose 22.5 percent to KES 25.04 billion, while non funded income, the fees,…

Makini Schools owner ADvTECH posted profit after tax of R726.2 million (KSh 5.81 billion) for the six months ended June 2026, up 13.3% from the prior year. Revenue climbed 8.0% to R5.06 billion (KSh 40.48 billion), driven by higher enrolment, moderate fee increases and stronger fee collections across the group. Operating profit rose 13.5% to R1.11 billion (KSh 8.92 billion), lifting the group’s operating margin to 22.0% from 21.0%. Headline earnings grew 15.9% to R716.5 million (KSh 5.73 billion), while headline earnings per share increased 16.1% to 130.8 South African cents. “Healthy enrolment growth, moderate fee increases and a further…

Shipping line Maersk has issued an update on logistics conditions across East Africa, pointing to strong export demand in Kenya alongside new compliance rules and fresh charges tied to disruption in the Middle East trade network. Kenya avocado season lifts demand for reefers and vessel space Kenya’s avocado export season has pushed up demand for refrigerated containers, trucking and vessel space, Maersk said. The company described the East African logistics market as active through July, with agricultural exports from Kenya, Uganda and Tanzania driving activity. Uganda’s Arabica coffee season has added to the pressure on inland transport and export logistics,…