Listed entertainment and events manager, Homeboyz Entertainment PLC has reported a net loss of KSh 11.5 million for the half year ended June 30, 2025, from the KSh 24.5 million loss recorded a year earlier. Revenue surged 54% year-on-year to KSh 149.3 million, up from KSh 97.0 million in H1 2024, driven by a rebound…

Kenya’s 14 microfinance banks (MFBs) have endured one of the toughest decades in the financial sector, with industry data from 2014 to 2024 revealing sustained decline across key indicators, as profitability has collapsed and balance sheets shrunk. “The MFB subsector is highly concentrated. Three of the 14 MFBs account for 87.5 percent of total losses…

Kenya’s insurance industry recorded a sharp decline in reported fraud cases in the final quarter of 2024, as firms posted record profits boosted by government bond investments, according to the Insurance Regulatory Authority (IRA). “The drop in fraud points to tighter supervision and stronger enforcement collaboration across the sector,” the IRA noted in its quarterly…

Listed lender Standard Chartered Bank Kenya has moved to reassure markets after the Supreme Court’s decision striking out its appeal in a multibillion-shilling pension case. StanChart Kenya has said it is committed to meeting the obligations within the law. “We have initiated a structured process to execute the judgement in accordance with the legal requirements…

The High Court has suspended the Treasury’s directive requiring all government entities to adopt electronic procurement, ordering that both digital and manual submissions be accepted and processed equally under existing procurement law. Governors have consistently argued that the rollout of the new procurement platform was rushed, technically deficient, and imposed without adequate consultation. They argued…