Continental Reinsurance has received a license from the National Bank of Rwanda to open a Representative Office in Kigali, extending the pan-African reinsurer’s reach in East Africa. The office trades as Continental Reinsurance (R) Limited and began operations on 10 August 2026. The National Bank of Rwanda approved the license, and the office will operate under that name. The move gives Continental Re a formal foothold in a market it has served from a distance until now. What the office will do The Representative Office will serve as a local liaison, connecting Continental Re with insurers, reinsurance brokers, and other…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Kakuzi Plc has reported a sharp drop in half year earnings, with net profit falling 97.6 percent as dry farm conditions, disrupted shipping routes and a weaker macadamia market weighed on the agribusiness through the first six months of 2026. The Nairobi Securities Exchange listed firm published the unaudited results for the six months to 30 June 2026 alongside a profit warning that flags a further decline in full year earnings. H1 2026 results at a glance Metric H1 2026 H1 2025 Change Sales KES 1.12B KES 1.51B Down 26.0% Profit before tax KES 10.4M KES 435.2M Down 97.6% Net…
Kenya Airways lifted first half revenue 9% to KShs 81 billion for the six months to June 30, 2026, even as a smaller fleet and a sharp jump in fuel prices drove the airline deeper into loss. The national carrier told investors in Nairobi that demand for its network held firm despite operating with 9% less capacity than a year earlier. Stronger aircraft utilization and commercial performance lifted cabin factor by 3.9 percentage points to 76.3%, while average fares held their strength across the network. “We grew revenue by 9% to KShs 81 billion despite operating with 9% less capacity,”…
National Bank of Kenya’s pretax profit more than doubled in the first half of 2026, climbing 124.3 percent to KES 2.18 billion for the six months to June 30, according to unaudited results the board released this week. Profit after tax grew 60.5 percent to KES 1.72 billion, and earnings per share rose 61.9 percent to KES 0.68. Director L. Omangi and Acting Managing Director J. Ojalla signed the results on the board’s behalf. The jump came from what the bank stopped paying out. Interest expense fell 29.0 percent to KES 1.80 billion, even as total interest income slipped 2.7…
WPP Scangroup’s half year loss deepened to KSh254 million in the six months to June 2026, up from KSh208.3 million a year earlier, as the region’s largest marketing and communications group continued to lose clients and cut costs to slow the bleeding. The Nairobi Securities Exchange listed firm released unaudited results on 21 August 2026 showing gross profit falling 33.7% to KSh539.7 million, down from KSh815.6 million in the same period last year. The company will not pay an interim dividend. Loss per share widened to KSh0.56 from KSh0.46 in H1 2025. The Numbers Metric (KSh) H1 2026 H1 2025…
The Independent Electoral and Boundaries Commission has locked in the roadmap for Kenya’s next General Election, confirming that voters will cast ballots on Tuesday, August 10, 2027, under the same 290 constituencies and 1,450 wards used since 2013. The commission published the timetable in a special issue of the Kenya Gazette on Thursday, August 20, carrying seven notices signed by IEBC Chairperson Erastus Edung Ethekon. Together, they cover elections for president, senators, National Assembly members, county women representatives, governors and members of county assemblies. By retaining the existing boundaries, the IEBC has effectively carried forward the electoral map used in…