Author: Muindi

Kenya’s headline inflation rose to 4.5% year-on-year in August 2025, up from 4.1% in July, marking the highest level since June 2024. The Kenya National Bureau of Statistics (KNBS) attributed the increase to surging prices in the food and transport sectors. “The annual consumer price inflation as measured by the Consumer Price Index (CPI) was 4.5% in August 2025. This implies that the general price level was 4.5% higher than in August 2024,” KNBS stated. Monthly Inflation and Central Bank Outlook Month-on-month inflation stood at 0.3% in August, compared to 0.1% in July. Despite the uptick, inflation remains within the…

NCBA Group reported a 12.6% year-on-year rise in net profit to Ksh11.1 billion ($85.8 million) for the first half of 2025, up from Ksh9.8 billion ($75.7 million) in H1 2024. The growth was driven by a 26.7% increase in net interest income, which rose to Ksh20.9 billion ($161.6 million), supported by higher lending and investments in government securities. However, non-interest income dipped 2.9% to Ksh14.5 billion ($112.1 million), weighed down by a 34% drop in foreign exchange trading income. Operating expenses rose 13.5% to Ksh21.8 billion ($168.6 million), while provisions for credit losses increased 19.1% to Ksh3.2 billion ($24.8 million),…

Safaricom hosted its flagship Innovation Day on Wednesday under the theme “Powering What’s Next: AI, Resilience & Sustainable Innovation.” The high-level forum brought together over 100 decision-makers, technology partners, and enterprise customers, reinforcing Safaricom’s ambition to become Africa’s leading purpose-led technology company within five years. The event spotlighted transformative solutions in cloud computing, cybersecurity, IoT, and artificial intelligence, underscoring Safaricom’s readiness to deliver secure, scalable, and future-proof digital infrastructure for businesses across Kenya. “As digitisation accelerates across all sectors, businesses are seeking trusted partners who offer secure, AI-powered and scalable solutions. We aim to be a trusted partner for businesses in…

The Central Bank of Kenya (CBK) has announced a sweeping reform to how commercial banks price loans, unveiling a revised Risk-Based Credit Pricing Model (RBCPM) that ties lending rates to a new interbank benchmark known as the Kenya Shilling Overnight Interbank Average (KESONIA). Starting September 1, 2025, all new variable-rate loans in Kenyan shillings will be priced as KESONIA + “K”, where “K” represents a bank-specific premium based on cost of funds, shareholder returns, and borrower risk. Existing loans will transition to the new model by February 28, 2026, following a six-month adjustment period. “KESONIA will be applicable to all…

Equity Group Holdings Plc is rewriting the insurance playbook in Kenya. By unifying life, health, and general insurance under one roof, the Group is delivering on its promise of holistic financial solutions for all. This bold transformation, anchored in Equity’s growth and diversification strategy, is reshaping how Kenyans access, experience, and benefit from insurance. At the heart of this evolution is Equity Life Assurance Kenya (ELAK), whose rapid growth and digital-first approach are setting new benchmarks for innovation, inclusion, and impact. Delivering Impact Through Growth Equity’s insurance business posted stellar results in the first half of 2025, underscoring strong market…

The football action is reaching a boiling point this week as SuperSport delivers a blockbuster midweek lineup featuring the decisive playoff round of the UEFA Champions League and the unpredictable thrills of the Carabao Cup. From European giants chasing group stage glory to underdogs dreaming of cup upsets, every match promises intensity, drama, and unforgettable moments. Two Competitions. One Epic Week. All live on SuperSport. UEFA Champions League: Final Push for Group Stage Glory The final playoff round enters its decisive second legs, with coveted group stage spots on the line and the official draw set for 28 August. Expect…