Author: Muindi

Major aviation and tourism stakeholders have issued a joint call to action as labor disputes continue to destabilize airport operations across the country. According to coverage on Khusoko, industrial action involving air traffic control personnel has disrupted flight schedules and left hundreds of travelers stranded at Jomo Kenyatta International Airport (JKIA). In a joint statement, the African Airlines Association (AFRAA), the Kenya Association of Air Operators (KAAO), and the Kenya Tourism Federation (KTF) warned that unmitigated disruptions threaten safety, vital supply chains, and Kenya’s position as a regional flight hub. Drawing attention to the financial toll of past disruptions, KAAO…

The Central Bank of Kenya has approved South Africa’s Nedbank Group to acquire up to 66 percent of NCBA Group’s issued share capital, in a deal valued at Kes 116.3 billion. CBK issued the approval on August 28, 2026, under Section 13(4) of the Banking Act, and confirmed the decision in a statement dated August 31. The regulator said the acquisition takes effect once Nedbank and NCBA complete the transaction in accordance with the terms of their agreement. Following the regulator’s green light, NCBA Group said in a press statement that completion of the transaction is now expected towards the…

Bamburi Cement has reaffirmed its commitment to working more closely with the Kenya Power and Lighting Company (KPLC) to strengthen electricity reliability and back sustainable industrial growth along the Coast. The two companies sealed that commitment at a high level meeting held at Bamburi’s Mombasa Plant. Bamburi’s leadership team, headed by CEO Geoffrey Ndugwa, sat down with KPLC’s team, led by Managing Director and CEO Dr. Eng. Joseph Siror, to map out ways to improve power stability and operational resilience for Kenya’s manufacturing sector. Why Reliable Power Matters To Bamburi Bamburi Cement ranks among Kenya’s largest industrial power consumers, and…

Flights at Jomo Kenyatta International Airport were delayed for hours on Sunday after staff linked to the Kenya Airports Authority and the Kenya Civil Aviation Authority began a go slow, the third labour disruption to hit Kenya’s main airport in 2026. The go slow started late Saturday night and intensified through Sunday morning. By mid morning, flights scheduled to depart from around 8am remained on the ground. Kenya Airways said in a customer advisory that it was experiencing delays of two to three hours on departures from JKIA. The airline attributed the disruption to air traffic control issues and did…

Jubilee Holdings grew its net profit 13% to KSh 3.45 billion in the six months to June 2026, its strongest first half performance in five years, as total assets climbed 19% to a record KSh 272.69 billion. The result marks a third straight half year of profit growth since the insurer adopted IFRS 17 accounting standards in 2023, though the underlying insurance business weakened even as the group’s overall numbers improved. Investment Income Carries the Result Profit before tax rose 30% to KSh 4.43 billion from KSh 3.40 billion a year earlier. Total equity grew 8% to KSh 58.30 billion,…

Old Mutual Holdings Plc has swung to a stronger half year performance, reporting profit after tax of KES 882 million for the six months ended 30 June 2026, up sharply from KES 5 million in the same period last year. The turnaround comes at a time when underwriting margins across Kenya’s insurance industry remain under pressure, making the Group’s recovery stand out against a difficult sector backdrop. Profit before tax climbed 362.1 percent to KES 1.76 billion, while operating profit before financing costs more than doubled to KES 2.26 billion from KES 960 million. The gains flowed from a reversal…