Standard Chartered Bank Kenya has reported a 21% decline in profit after tax to KSh 8.09 billion for the half-year ended June 30, 2025, weighed down by lower interest and non-interest income. Despite the earnings dip, the lender maintained its interim dividend at KSh 8.00 per share, signalling confidence in its capital strength and long-term outlook. “We remain committed to delivering sustainable returns to our shareholders, even in a challenging environment,” the bank stated. Income Pressure and Market Headwinds Operating income fell 15% year-on-year to KSh 22.1 billion, driven by a 29% drop in non-interest income and a 7% decline…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Proto Energy Limited has announced an environmental milestone in its 2025 Half-Year Sustainability Report: a reduction of 7,085.76 tonnes of CO₂ emissions, equivalent to the impact of growing 4,723.84 hectares of eucalyptus trees for one year. A Vision of Endless Possibilities Through Sustainable Practices Themed “Creating a World of Endless Possibilities Through Sustainable Practices,” the report outlines Proto Energy’s structured ESG strategy anchored on three pillars: Environmental Impact: Emissions reduction, energy efficiency, and tree planting Social Responsibility: Health, education, and community empowerment Governance: Ethical leadership, ISO-certified operations, and transparent reporting This framework aligns with key UN Sustainable Development Goals (SDGs), including…
Lauritz Knudsen Electrical & Automation, a global powerhouse in electrical and automation solutions, has officially launched its operations in Kenya, marking its first entry into the African market. With over 70 years of innovation and a presence in more than 30 countries, the India-headquartered company is positioning Kenya as its strategic gateway to the continent. Powering Kenya’s Smart Infrastructure Ambitions Known for delivering cutting-edge technologies across residential, commercial, agricultural, and industrial sectors, Lauritz Knudsen aims to support Kenya’s growing demand for smart, efficient, and sustainable electrical infrastructure. “As we establish our presence in Kenya, we’re inspired by the country’s dynamic…
The High Court in Nairobi has blocked the planned privatisation of the Kenya Pipeline Company (KPC) after a petitioner challenged the Cabinet’s recent approval of the sale. Justice Bahati Mwamuye, ruling on August 16, restrained the National Treasury from “selling, allocating, disposing of, transferring, or in any way dealing with KPC shares” until the petition is fully heard. The judge emphasised that no shares may be offered for sale pending the outcome of the legal proceedings. Petitioners have been directed to serve all respondents and interested parties. The Treasury must respond by August 22, with a rejoinder from the petitioner…
Kenyans living and working abroad sent home a record-breaking $414.3 million (Sh53.5 billion) in July 2025, the highest monthly inflow ever recorded and the strongest performance so far this year. The surge is attributed to easing inflation in the United States, Kenya’s largest remittance source. According to the Central Bank of Kenya (CBK) weekly bulletin, July inflows rose 9.6% year-on-year, up from $378.1 million (Sh48.8 billion) in July 2024. “Remittance inflows to Kenya totalled USD 410.1 million in July 2025 from USD 414.3 million in July 2024, a decrease of 1.0 percent . The 12-month cumulative inflows to July 2025…
Belva Digital has launched SHIFT, its flagship platform designed to position brands at the intersection of technology, culture, and creativity, unlocking growth for businesses ready to thrive in today’s dynamic marketplace. Modern consumers expect more than just products; they seek brands that are purpose-driven, deeply relevant to their real-life context, and committed to genuine connections with people and the planet. SHIFT is crafted to help brands meet these demands, providing insights, tools, and innovative strategies to stay trusted and impactful. SHIFT is not just a one-off event but a movement. The initiative is targeted at brands ready to shift from…