Sidian Bank earned KSh 607.03 million in profit after tax for the quarter ended 31 March 2026, a 9.0% increase from KSh 556.94 million in the same period a year earlier. The result extends a profit recovery that has repositioned the lender as a credible mid-tier player in Kenya’s banking sector over the past two years. Income: Government Securities Drive the Gains Net interest income more than doubled to KSh 1.61 billion from KSh 736.58 million in Q1 2025. The jump traced back to a 61.9% surge in total interest income to KSh 2.88 billion, as the bank collected increasingly…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
I&M Bank Limited has closed the first tranche of its Kenya Shilling denominated Medium Term Note Programme, attracting KES 23.22 billion in total applications against a KES 10 billion target. This overwhelming response represents a 232.26% subscription rate. To accommodate the intense investor appetite, the bank activated its KES 3 billion green shoe option, increasing the total allocation for this initial tranche to KES 13 billion. This exceptional turnout demonstrates deep investor trust in the financial stability, governance, and long term trajectory of the bank. The transaction also signals a broader revival within the Kenyan capital markets. Institutional and private…
Commuters across Kenya will pay significantly more for public transport starting immediately, after matatu operators announced a 50 percent fare increase and threatened to pull all vehicles off the road from Monday, May 18. For a commuter who paid Ksh100 for a single trip Friday, that journey now costs Ksh150. Operators say the new fares take effect across all routes in Nairobi and the rest of the country without delay. What Triggered the Increase The announcement came within hours of the government raising fuel prices for the cycle running May 15 to June 14, 2026. Super Petrol in Nairobi now…
Kenya’s diaspora sent home $397.8 million in April 2026, retreating 11.7 percent from the record $450.3 million recorded in March. The pullback touched every major sending corridor at once, pointing to seasonal cooling rather than a shift in underlying behaviour. The bigger story sits in the 12-month figures. Rolling annual inflows to April 2026 reached $5.053 billion, up 1.1 percent from $4.997 billion over the same period in 2025. For the first time, diaspora transfers have crossed the $5 billion mark, earning a place alongside tea and tourism as a foundation of Kenya’s foreign exchange earnings. North America Carries More…
The Two Rivers International Finance and Innovation Centre (TRIFIC) opened a Sh4.8 billion green, US dollar denominated Income Real Estate Investment Trust on 13 May 2026, the first instrument of its kind in Kenya. The offer closes on 12 June 2026. The I-REIT is expected to list on the Nairobi Securities Exchange on 23 June 2026. The minimum investment is Sh129,000 ($1,000), open to both retail and institutional investors. What the Offer Covers The I-REIT comprises 29.83 million units priced at USD 1 each, representing 80 percent of the total 37.29 million units, with the promoter retaining the remaining 20…
Co-operative Bank of Kenya opened 2026 with its strongest quarterly performance on record, posting a net profit of Sh8.41 billion for the three months ended 31 March 2026, a 21.3 per cent jump from Sh6.93 billion in the same period a year earlier. The results, approved by the Board of Directors on 13 May 2026, cut through a difficult economic environment where many Kenyan businesses have struggled with rising costs and shrinking margins. What Drove the Growth Total operating income for the Group climbed 13.6 per cent to Sh24.05 billion, anchored by stronger lending activity and a meaningful contribution from…