Category: Business
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Kenya’s May 2025 banking sector stress test highlights a fragile balance between improved resilience and persistent risks. Projections place the sector’s NPLs at 16.3% under a baseline scenario by December 2025, but in a severe case the ratio could hit 21.2%. A 27.4% surge in NPLs would push six banks below the regulatory 10.5% Core…
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Counties are struggling to rein in their wage bills, with personnel costs consuming nearly half of revenues and consistently breaching the 35% cap set under the Public Finance Management Act. “When a substantial share of government revenue is allocated to recurrent personnel expenditures, it constrains fiscal space, thereby, limiting the government’s capacity to invest in…
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Pan-African telecommunications provider Paratus Group has expanded operations into four East African countries, providing internet services to businesses and communities while also acting as an authorized Starlink reseller in Kenya and Rwanda. “You can’t trade if you can’t connect,” says Martin Cox, Chief Commercial Officer at Paratus Group. “Our role in building East Africa’s digital…
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Mantrac Kenya at 100 event venue. PHOTO/@MantracKenyaLtd/X Mining and construction equipment manufacturer Caterpillar has marked 100 years of operations in Kenya, celebrating a century of contribution to the country’s infrastructure and community development. The milestone was commemorated at Mantrac Kenya’s headquarters in Nairobi on Tuesday, September 9, 2025, spotlighting the company’s enduring role in shaping…
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Treasury CS John Mbadi. [Photo/@KeTreasury/X] Kenya faces a challenging fiscal outlook for the 2025/26 financial year, with global credit rating agency Fitch projecting a budget deficit of 5.2 per cent of Gross Domestic Product (GDP). This figure is significantly above the government’s target, reflecting ongoing pressures on the country’s finances. In its latest report, Fitch…
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Business has been tough for companies especially those in agriculture, construction and services. Kenya’s economy is showing signs of pulling out from July’s public protests disruptions that saw closure of businesses and destruction of property in Nairobi and other major urban centres. However, this recovery is still somewhat weak as shown by the Stanbic Bank…
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Kenya MD Dr Hillary Maina Wachinga has been suspended pending investigations. Kenya Re-Insurance Corporation (KNRE), with a market capitalization of KSh 18.4 billion, was on Tuesday one of the top price gainers when the trading session ended at the Nairobi Securities Exchange (NSE). This performance comes as investors priced in the negative sentiments that followed…
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James Karinga, Deputy Director & Head of Asset Finance and Insurance Premium Financing. PHOTO/@NCBABankKenya/X NCBA Bank has announced new financing and digital solutions aimed at transforming Kenya’s public transport sector. The announcement was made on Wednesday, September 10, 2025, during a special engagement with PSV SACCO officials at the Swiss Lenana Hotel in Nairobi. The…
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The firm attributes Kenya’s performance to a unique feature of the local market: most homes are bought in cash rather than through loans. Kenya’s housing market is outpacing the world, delivering investment returns that have left traditional property giants like the United States, the United Kingdom and Singapore trailing. A new Special Report by real…
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Mohamed Ibrahim, Mantrac Kenya’s managing director, opened the event by emphasizing the company’s commitment to supporting the nation’s future growth. Mantrac Kenya, the local representative for heavy equipment manufacturer Caterpillar, marked a major milestone this week, celebrating a century of the company’s global operations and its presence in Kenya. The centennial event, held on Tuesday, brought…