Jasmine Wambui
66 Articles
Equity Group's profit after tax rises by 32% to Ksh.54.1 billion
In Kenya, Equity Bank posted a 51 percent rise in profit after tax to Ksh.31.1 billion, up from Ksh.20.6 billion in the previous period.Net interest income grew by 27 percent to Ksh.53.6 billion, supported by a 34 percent reduction in interest expenses to Ksh.25.1 billion....
Kenyans to pay more for flights after Air Passenger Service Charge Bill takes effect
The new law raises levies on both domestic and international flights as the government moves to boost funding for key agencies in the aviation, tourism, and climate sectors. Here’s Jasmine Wambui with that story.
Tullow Oil exits Kenya after 14 years, sells operations to Gulf Energy in Ksh.16B deal
The transaction hands Gulf Energy full control of the Turkana oil project, raising hopes that Kenya could finally move closer to producing its first oil.Tullow Oil has confirmed receiving the first payment of USD 40 million (approx. Ksh.5 billion) from the sale.
Kenya Airways records Ksh.12B loss in the first half-year results
The airline’s revenues dropped 19 per cent from Ksh.91 billion in 2024 to Ksh.74 billion this year, as passenger numbers and available seat capacity declined sharply.
Kenya Pipeline Company workers fear job cuts amid privatization plan
Kenya Petroleum Workers Union Secretary-General George Okoth says the 742 unionised employees fear redundancies, accusing management of ignoring their concerns despite holding sensitisation meetings.
CS Chirchir assures no new pending bills for road projects
The government plans to achieve this by tolling new highways and tapping into part of the road maintenance levy to fund construction.
Road construction resumes as Gov’t injects Ksh.175B through fuel levy securitisation
For months, these same sites had fallen silent, contractors having pulled out because they were owed billions in unpaid government bills. That has since changed. The government has injected about Ksh.175 billion into the road sector—not through new borrowing or taxes, but through a process called se...
NSE lists historic Ksh.44.7B infrastructure security to build Talanta stadium
The transaction, led by Linzi Finco, is being hailed as a major leap in mobilising private capital for public infrastructure projects.The funds will go towards the construction of the Talanta Sports City, which is set to be completed in time for the Africa Cup of Nations Championships 2027, to be co...
CS Mbadi blames Israel-Iran war for fuel hike, dismisses MP Ndindi Nyoro's claims
On Monday this week, fuel prices shot up, petrol by Ksh.9, diesel by Ksh.8, and kerosene by Ksh.9. These changes will remain in effect through mid-August. The Energy and Petroleum Regulatory Authority cited an increase in the landed cost of fuel.
Boost for Kenya Airways as three grounded Dreamliners set to return
The airline has been grappling with reduced capacity and flight disruptions after grounding the three long-distance aircraft due to industry supply chain issues, as well as the unavailability of engines.Group Managing Director and CEO Allan Kilavuka now says that the first Dreamliner will resume ope...