Inflation in Kenya Surges to 6.7% in May Amid Global Energy Costs
Inflation in the month of May 2026 edged up to 6.7% from 5.6% in April, pushed up by rising global fuel prices. the...
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Equity Group to Venture into Insurance Business in the DRC
Equity Group Holdings will seek approval from shareholders to incorporate two insurance business units in the Democratic Republic of Congo(DRC). This is as...
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Paramount Bank Q1 Net Profit Drops 13.9% to KSh80.3Mn
Paramount Bank saw its net profit for the period ended 31st March 2026 drop 13.9% to KSh 80.35 Million from KSh 93 38...
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KenGen Seeks Nod from EPRA to Supply Power to its Green Energy Park
KenGen is seeking approval from Energy and Petroleum Regulatory Authority(EPRA) to transmit and distribute electricity within its own Olkaria Green Energy Park. The...
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Family Bank Q1 2026 Net Profit up 53% to KSh1.65Bn
Family Bank, lined up to list at the Nairobi Securities Exchange(NSE), posted a 53% rise in net profit to KSh 1.65 Billion, its...
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AI Growth Driving Global Demand for Data Storage Solutions
The rapid growth of Artificial Intelligence is driving unprecedented global demand for data storage solutions, with businesses, governments, and institutions rushing to expand...
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Standard Chartered Bank Kenya Q1 Net Profit Narrows to KSh 3.6Bn
Standard Chartered Bank Kenya released its Q1 earnings, posting a 26.3% fall in Earnings Per Share(EPS)-an indicator of profitability- to KSh 9.47, as...
JACKSON OKOTH3 Mins read
Mitsumi Invests US$2M in AI Cloud Platform For Kenyan Innovators
Mitsumi, a technology distributor, is investing US$2 million in artificial intelligence cloud platform designed to give young Kenyan innovators the tools, space and...
JACKSON OKOTH2 Mins read
