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Posta closes down 125 post offices to cut Sh1bn costs

Nairobi, May 14 -- The Postal Corporation of Kenya (Posta) is closing down 125 of its 625 post offices in the country to cut down on costs, in a restructuring bid meant to return the State parastatal ... Read More


KMRC green bond attracts 312pc oversubscription, exceeds target to hit Sh9.4bn

Nairobi, May 14 -- Kenya Mortgage Refinance Company (KMRC)'s inaugural green bond defied absence of a tax-free sweetener to attract bids worth Sh9.4 billion against the targeted Sh3 billion, represent... Read More


Proposed law allows KRA to freeze assets before tax appeals are heard

Nairobi, May 13 -- The Kenya Revenue Authority (KRA) could gain sweeping powers to freeze a taxpayer's bank accounts or assets even where the disputed tax assessment is under appeal, should Parliament... Read More


Safaricom stake in Ethiopia subsidiary increases to 54pc

Nairobi, May 13 -- Safaricom raised its stake in the Ethiopian unit to 54.1 percent at the end of March 2026, following a fresh round of funding which saw the telecoms operator sink Sh21.3 billion ($1... Read More


Statement lighting Once luxury chandeliers now find space in Kenyan homes

Nairobi, May 13 -- Think back to the last time you walked into a room with a chandelier. Chances are, you paused for a moment. Maybe the light caught your eye, or maybe it simply made the space feel w... Read More


Britam reverses Sh877 million paper losses in HF investment

Nairobi, May 13 -- Britam Holdings has reversed a previous impairment or reduction in the value of its investment in its banking associate HF Group to the tune of 877.94 million, citing the lender's i... Read More


How 24-year-old self-taught barber built luxury grooming business

Nairobi, May 13 -- When I walk into Fancy Cuts at the Nanak building along Kimathi Street, I find Edwin Nyamu seated on the couch. His clients know him as Razorcode Barber. He is 24 years old, and the... Read More


Co-op Bank profit up 21pc to Sh8.4bn in first quarter

Nairobi, May 13 -- Co-operative Bank of Kenya has posted a 21.2 percent growth in net profit to Sh8.4 billion in the first quarter of trading ended March 2026 on increased interest and non-interest in... Read More


Top NCBA owners bought Sh39m shares ahead of the Nedbank deal

Nairobi, May 13 -- Major shareholders of NCBA Group bought an extra 449,509 shares in the bank for Sh38.8 million before South Africa's Nedbank Group made an offer to acquire a 66 percent stake in the... Read More


Rubis takes 49pc stake in solar joint venture Rubisol

Nairobi, May 13 -- Rubis Energy Kenya has taken a minority stake of 49 percent in Rubisol, a solar joint venture firm created two years ago to tap into the growing uptake of green energy by homes and ... Read More