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    “This performance demonstrates the impact of the strategic efficiency measures we implemented across the business, which have enabled significant cost savings. Maintaining these efficiency levels will remain a priority going forward,” said acting Chief Executive Officer Dominic Murage. “Small and Medium Enterprises (SMEs) remain central to our business model and portfolio, and we intend to deepen our support for them. Additionally, as a government-owned institution, we are uniquely positioned to support public sector financing needs. We aim to strengthen our collaboration with government agencies, parastatals, universities and ministries to position Consolidated Bank as the preferred banking partner for the public sector,” he added. The bank’s total assets grew by 11 percent to Sh19.5 billion from Sh17.5 billion in 2024, driven largely by a 29 percent increase in investments in government securities to Sh8.2 billion from Sh6.4 billion.
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    Consolidated Bank posts Sh217mn in profits

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    Consolidated Bank, which is fully owned by the Kenyan Government, has posted a 261 percent growth in profit after tax to Sh217.5...
    Industry players say limited access to timely financing has remained a major bottleneck in the sector, often disrupting supply chains and leading to post-harvest losses, especially for perishable goods. FPCK estimates the fresh produce sector currently supports more than three million livelihoods, with potential to scale further if structural challenges such as access to credit are addressed. Analysts note that such solutions could improve efficiency in agricultural value chains, reduce reliance on expensive informal credit and support expansion of Kenya’s horticulture exports.
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    Avenews, FPCK roll out financing for farmers

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    Agri-fintech firm Avenews has partnered with the Fresh Produce Consortium of Kenya (FPCK) to roll out a financing solution aimed at addressing...
    “Despite prevailing macroeconomic headwinds, the ASA REITs have maintained stable operational performance, supported by good occupancy and continued focus on balance sheet management,” said Executive Director Mathew Maina. Acorn’s total student accommodation portfolio now stands at nearly 21,000 beds, while assets under management (AUM) across the two REITs grew by 11 percent to Sh29.3 billion. The firm said it will focus on expanding its income-generating portfolio in 2026 through acquisition of new assets, debt optimization, and improved operational efficiency.
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    Qwetu hostels owner Acorn posts Sh1.5bn profit

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    Acorn Investment Management Limited has reported a Sh1.52 billion profit for the full year ending December 31, 2025, representing a 9.2 percent...
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    I&M Group net profit up 24pc to Sh19.8bn

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    I&M Group posted a 24 percent rise in net profit to Sh19.8 billion for the year ending December 31, 2025, driven by...
    Sidian Bank Board Chair James Macharia said Thumbi leaves behind a strong legacy, having led a major transformation of the lender. “Mr. Thumbi has had a distinguished banking career spanning over three decades. During his tenure at Sidian Bank, he led a significant transformation of the business, including significantly growing the Bank’s Trade Finance portfolio, increasing the branch network to fifty branches and expanding digital banking and foreign exchange income streams,” Macharia said. He added that the bank strengthened its operations, improved customer experience, and achieved strong growth under Thumbi, culminating in its elevation to a Tier II bank in September 2025. In the year ended December 31, 2025, Sidian Bank posted a 502 percent jump in net profit to Sh1.73 billion. The growth was driven by higher interest and non-interest income, with net interest income rising by 54.4 percent to Sh4.4 billion, while non-interest income surged by nearly 129 percent to Sh3.8 billion.
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    Sidian Bank taps KCB’s John Okulo as its CEO

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    Sidian Bank has appointed John Okulo as its new Managing Director and Chief Executive Officer, effective May 1, 2026.
    About 60 percent of investments will focus on climate adaptation, particularly climate-resilient agriculture and water management technologies, while 40 percent will go towards mitigation efforts such as renewable energy and energy efficiency. Through the facility, KCB will deploy flexible credit products, blended finance structures, and digital lending platforms to scale access to financing for underserved populations. “This is a bold step to scale climate finance. By targeting MSMEs and smallholder farmers, we are ensuring that no one is left behind in the transition to a climate-resilient future,” said Paul Russo. The funding comes as Kenya faces rising climate vulnerability, with over 80 percent of its land classified as arid and semi-arid. These regions frequently experience droughts and floods, causing economic losses estimated at about 3 percent of GDP annually. KCB has been ramping up its green financing efforts, having assessed loans worth Sh578.3 billion for environmental and social risks last year. This brings the cumulative total assessed since 2020 to over Sh1 trillion under its Environmental and Social Due Diligence framework. The bank also disbursed Sh50 billion in green loans in 2025, increasing its green portfolio share to 25.84 percent from 15 percent in 2023, with investments spanning energy transition, blue economy, e-mobility, and climate adaptation initiatives.
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    KCB secures Sh12.5bn for SMEs-linked green financing

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    KCB Bank Kenya has secured Sh12.5 billion from the Green Climate Fund (GCF) to support green projects owned by Micro, Small and...
    With over 20 years of experience in the banking sector, Ngen’o holds a Bachelor of Commerce (Finance) degree from the University of Nairobi. In his new role, Ng’eno will be tasked with driving growth in the bank’s corporate banking segment, leveraging the Group’s scale and capabilities.
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    KCB names Peter Ng’eno new Corporate Banking Director

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    KCB Bank Kenya has appointed Peter Kipkorir Ng’eno as new Director of Corporate Banking, effective March 27, 2026, following the departure of...
    “The strong performance was supported by the increased frequency of government bond reopenings in the primary market, which boosted activity in the secondary market,” NSE said in a statement. The exchange also recorded a sharp rise in derivatives activity, with total contracts increasing by 698 percent from 6,683 to 53,333. Open interest peaked at 7,620 contracts valued at Sh27.9 million, up from 638 contracts valued at Sh20.5 million in 2024. This growth was driven by the listing of new contracts, including KPLC, LBTY, KEGN, BRIT and KNRE, as well as the introduction of a new market maker. The Board of Directors has recommended a first and final dividend of Sh1.00 per share, comprising an ordinary dividend of Sh0.73 and a special dividend of Sh0.27. The payout is set for July 31, 2026, to shareholders on record as of May 21, 2026.
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    NSE profit jumps 134pc to Sh272.2mn

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    The Nairobi Securities Exchange (NSE) has posted a profit after tax of Sh272.2 million for the full year ending December 31, 2025,...
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    SBM launches app to teach children money skills

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    SBM Bank Kenya has launched the Busara Banking App, a new platform designed to help children learn saving, spending and financial responsibility.
    News

    StanChart net profit down 38pc to Sh12.4bn

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    Standard Chartered Kenya posted a 38 percent decline to Sh12.4 billion in profit after tax for the full year ending December 31,...
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