Author: Muindi

WPP Scangroup PLC has released its unaudited half-year financial results for the period ending June 30, 2025, showing resilience despite a challenging macroeconomic environment and reduced client spending. The company said the first half of 2025 was marked by a challenging macroeconomic environment, with high inflation and currency volatility impacting client budgets and project timelines. “Our gross profit declined by 16%, driven by reductions in client spend and trading pressures across key markets. Despite this, we demonstrated resilience by reducing operating and administrative expenses by KES 32 million,” noted the Board of Directors. Financial Highlights (KES Millions) Metric H1 2025…

Kenya’s infrastructure sector made notable strides in H1 2025, with the government allocating KSh 217.3 billion for road development, a 12.3% increase from the previous fiscal year. This investment signals a strategic pivot toward long-term connectivity and economic stimulation, with Public-Private Partnerships (PPPs) playing a central role in unlocking capital and accelerating delivery, according to Knight Frank Kenya’s Market Update H1 2025. PPP Momentum Builds Of the 33 PPP projects identified nationwide, 8 are active and 25 remain in the pipeline. The National Treasury has announced plans to initiate KSh 70 billion in new PPP deals starting July 1, 2025,…

Safaricom has launched B-Live, a new data product that allows customers to pay for mobile internet based on time rather than data volume, a bold shift aimed at restoring predictability and control in how Kenyans experience connectivity. What Is B-Live? B-Live offers unlimited browsing for fixed periods: 1 hour for KES 20 3 hours for KES 50 6 hours for KES 150 The bundles are available via USSD codes *544# and *555#, or through the mySafaricom app and web portal. “We recognise that our customers are different. Some prefer managing their usage in MBs or GBs, while others simply want…

Standard Bank Group has named Dr. Joshua Oigara as Regional Chief Executive (RCE) for East Africa, effective September 1, 2025. He will continue to serve as Chief Executive of Stanbic Bank Kenya, a role he has held since December 2022. The appointment is subject to regulatory approval. “Dr. Oigara brings deep market expertise and a proven track record of transformative leadership across East Africa,” the Group said in a statement. Proven Leadership Across Banking and Policy Dr. Oigara rose to prominence as Group CEO of KCB Group between 2013 and 2022, becoming the youngest chief executive of a Nairobi Securities…

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…

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…