John Wroe’s 1930 FORD wins 2019 Concours d’ Elegance

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John Wroe’s 1930 FORD wins 2019 Concours d’ Elegance

Staff Writer - September 30, 2019

John Wroe Winner Cars Division at the CBA CONCOURS D’ELEGANCE poses with the number one trophy and his car at the CBA CONCOURS D’ELEGANCE...

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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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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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Tag: d’elegance

John Wroe’s 1930 FORD wins 2019 Concours d’ Elegance

MOST POPULAR

CIC reports Kes 3.9 Bn profits before tax

Remittance Flows Continue to Grow in 2023 Albeit at Slower Pace

5th Edition of the Creative Business Series for Players in the...

Inaugural China Kenya Career Fair Set for Monday

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Safaricom’s Ambitious Plan to Grow Home Fibre

Jambojet adds JXA aircraft to expand capacity on busy routes

National Bank posts Sh87Mn Q32020 profits

Stephen Bikoko: the visionary peer educator behind Upendo group’s youth empowerment...

EDITOR PICKS

I&M Group net profit up 24pc to Sh19.8bn

Sidian Bank taps KCB’s John Okulo as its CEO

KCB secures Sh12.5bn for SMEs-linked green financing

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