KCB Bank Profits Up

Monday, March 30, 2026

Home Tags Kcb group

Main Story

KCB Bank Profits Up

Special Correspondent - May 17, 2018

KCB Group #ticker:KCB posted a 14.1 per cent net profit rise in the first quarter ended March buoyed by increased lending. Kenya’s biggest bank said...

MOST POPULAR

By Amos Wachira In the industrial hub of Athi River, Machakos County, a quiet revolution is brewing. It doesn't rumble like a diesel generator nor flicker like a kerosene lamp. Its potential energy is stored in invisible molecules, harnessed from one of nature's abundant natural gifts: hydrogen. This is the frontier where Safer Power, a homegrown green energy company, is staking its claim, betting big on green hydrogen to redefine the nation's energy security and industrial future. Founded in 2016, Safer Power is a fully registered and licensed Engineering Procurement and Contracting firm dealing with key projects like Solar, power and energy projects and medium to big size HVAC projects. As the world shifts toward clean energy to combat climate change, green hydrogen, a cleaner and more sustainable alternative to fossil fuel-based energy, has emerged as a game-changer; and Safer Power is among the early proponents of this revolution in Africa. "We looked at why green hydrogen was not peaking in Europe and America," explains Dalmus Mbai, founder and Chief Executive at Safer Power Group. "The cost of production of green hydrogen should be low. With large tracts of land where we can harness the power of the sun to produce hydrogen, Africa stands at a unique position as it can produce green Hydrogen cheaply." Safer Power, a renowned name in Solar energy is dreaming and actualizing a future that will harness the power of Hydrogen. What is Green Hydrogen Hydrogen itself is nothing new. It’s the universe’s most abundant element. The crucial differentiator is how it’s produced. "Grey" hydrogen, the dominant form today, is extracted from natural gas, releasing vast amounts of CO2. "Blue" hydrogen captures some of that CO2, but it's still fossil-fuel dependent. Green hydrogen, however, is produced by splitting water (H2O) into hydrogen and oxygen using electricity generated entirely from renewable sources – solar, wind, hydro, or geothermal. The only emission? Pure oxygen. For decades, Kenya's energy narrative has been a complex tapestry woven with threads of hydropower vulnerability, geothermal promise, and the persistent shadow of expensive, polluting fossil fuels, especially for heavy industry and transport. While significant strides have been made in renewable electricity generation with geothermal and wind leading the charge, decarbonizing sectors like steel, cement, fertilizer production, and long-haul transport remains a colossal challenge. Enter green hydrogen – not just as a global buzzword, but as a tangible solution being forged on Kenyan soil by Safer Power. Led by a Kenyan team combining deep industrial expertise with international energy acumen, Safer Power emerged not just to import a technology, but to indigenize it. Their vision is audacious: to make Kenya a leader in green hydrogen production and utilization within Africa, driving decarbonization, enhancing energy security, and creating high-value jobs. Kenya imports millions of dollars worth of fossil fuels every year. This drains foreign exchange, exposes the country to volatile global prices, and pollutes the environment. "Green hydrogen, produced using our own sun offers a pathway to true energy sovereignty. It’s not just about being green; it’s about being economically resilient and industrially competitive,"explains Mbai during an interview at their headquarters. Safer Power is moving beyond vision into concrete action. They are actively developing a commercial-scale green Hydrogen production facility. Safer Power’s primary focus is in sectors where green energy can make a big economic impact. With Green Hydrogen, Safer Power will be exploring derivatives for cleaner industrial heating and reliable backup power solutions beyond diesel generators. They will also play a significant role in providing clean feedstock for fertilizer production through the use of green ammonia. Mr Mbai says green Hydrogen could bring endless possibilities, like use of hydrogen fuel cell to power electric trucks, buses, and potentially locomotives for long-distance freight for the first time in Kenya. Notably, the transport industry is a known major source of emissions and particulate pollution. "Green Hydrogen has three pronged benefits: It gives us power, hot water and green Ammonia which is made from a combination of nitrogen and oxygen. This green ammonia could be used in our farms to preserve our soils." For any trailblazer, building an ecosystem is one of the most crucial part of the journey as it helps them forge a sustainable way forward. Safer Power understands that pioneering requires more than just production. They are actively engaging in technology partnerships, collaborating with global green Hydrogen players and engineering firms, but with a strong focus on knowledge transfer and local capacity building. Top on their priority list are partnerships with Hydrogen fuel cell manufacturers. "Most people who were not feasible for renewable energy can now be supported using fuel cells on site and generation of green Hydrogen off-site." Another key cog in their Green Energy wheels is Off-taker Agreements. Mr Mbai says the company is actively securing commitments from forward-thinking Kenyan industries eager to decarbonize their operations and secure stable, long-term energy savings. These include their customers who have already installed solar systems. Understanding the power of collaboration, Safer Power works closely with government agencies like the Energy and Petroleum Regulatory Authority (EPRA) and the Ministry of Energy to shape regulations, safety standards, and incentives for green Hydrogen. The company believes a Green Hydrogen future is within reach and Kenya is ripe for it. This is why it invests in training programs to cultivate the next generation of Kenyan hydrogen engineers, technicians, and safety experts. Safer Power's inroads into green hydrogen comes after years of preparation, concept building, testing and future-proofing. For a start, the company had to install capacity in fabricating electrical components that were previously imported into the country, including switchboards, control and synchronization panels, motor control panels, meter boards, distribution boards, generator synchronization panels, battery racks, street lighting poles, high mast street light poles. "We have a sheet metal factory and a panel building and assembly workshop that is fully licensed by Schneider Electric where we assemble our own control panels and related components," says the Safer Power founder. For many years, Safer Power has build it's name in Solar energy, supplying energy solutions including solar panels, inverters and batteries to a diverse domestic and industrial clientele. Recently, the company has morphed into an integrated Solar energy plant installer with a number of big photovoltaic projects under their belt. These include an innovative 800kWp Photovoltaic system for Del Monte Kenya, and a Solar Photovoltaic plant with energy storage system of 100kWp and a 630A Low Voltage Board with a 80kVa capacity for Kingston Beach Hotel. They have also completed and commissioned energy projects at Konza City, EPZA, Ghana High Commission, Kenya Ports Authority, Stoni Athi Resort, CBK Pension towers among others. Having helped companies and industries go green, the next frontier for Safer Power heralds a new exciting chapter. The odds are already favoring their green hydrogen aspirations. Firstly, Kenya's potential as a green hydrogen powerhouse is exceptional. Blessed with some of the world's highest solar irradiance, Kenya boasts a clean electricity potential poised for massive exploration and expansion. Secondly, the country 's strategic location is a positive factor. Positioned as an East African hub and gateway, Kenya can serve both domestic demand and potentially export green hydrogen derivatives like ammonia or synthetic fuels to regional and international markets. Safer Power looks to harness this advantage to supply the country and it's neighbors with green hydrogen and its derivatives. The policy momentum only asserts the fact that the country is ready to explore the prospects of Green Hydrogen and Safer Power will be among the frontrunners to realize this dream, according to Mr Mbai. The Kenyan government's commitment to clean energy, evidenced by ambitious targets in the Green Hydrogen Strategy and Roadmap 2023q creates a supportive, though evolving, regulatory landscape. The implications of Safer Power’s mission extend far beyond the production of a clean fuel. Establishing a green hydrogen industry creates high-skill jobs in engineering, manufacturing, plant operation, and logistics. It attracts significant foreign direct investment aligned with global decarbonization trends. Local manufacturing of components creates jobs. "We are bridging the renewable energy gap by bringing affordable solutions closer to our people," says Mr Mbai. Safer Power will be manufacturing most components needed for Green Hydrogen cutting down on imports." Navigating the hurdles The path Safer Power treads is not without significant hurdles. It's paved with high initial costs. Green Hydrogen plants, components and associated infrastructure for storage and transportation require massive upfront capital investment. Kenya currently lacks a dedicated hydrogen transport and distribution network. Building this requires coordinated effort between government and private players. Fortunately, Safer Power has figured out a way of transporting the gas. "We will use hydrogen tanks of 10kgs and 1000kgs to transport Hydrogen. 1 kg of Hydrogen can produce up to 30kW of power." While supportive, the regulatory framework for hydrogen production, storage, transportation, and safety is still nascent in Kenya and across much of Africa. Clarity and certainty are vital for investors. Building reliable domestic demand from industries while simultaneously exploring export opportunities requires careful market development and competitive pricing, a road that Safer Power is already exploring. Safer Power acknowledges these challenges head-on. "The technology costs are coming down rapidly globally, and our renewable advantages give us a competitive edge. We are working tirelessly with all stakeholders – government, financiers, off-takers, communities – to build the enabling environment." Safer Power’s journey is being watched closely, not just in Kenya, but across the continent. Africa holds immense potential to become a global green hydrogen powerhouse, leveraging its unparalleled solar and wind resources to produce clean fuel for domestic use and export, fueling sustainable industrialization. Safer Power is demonstrating that this isn't just a distant dream for Kenya but a viable strategy being implemented by Africans, for Africa. Their success could catalyze a wave of similar initiatives, positioning Kenya and the wider continent at the forefront of the next global energy transition. It’s about capturing the value of Hydrogen as a storable, versatile fuel that can power factories, move goods, and fertilize crops – all without poisoning the air. Imagine a future where factories are powered by green Hydrogen, where trucks transporting goods from Mombasa to Kampala emit only water vapour. Where fertilizer for Kenyan farms is produced using green ammonia, free from the carbon footprint of imported variants. Where industrial zones hum with activity powered by the sun and captured in hydrogen molecules. This is the future Safer Power is diligently building. They are more than an energy company. They are architects of a new industrial paradigm for Kenya. By harnessing the nation's abundant renewable gifts through the alchemy of green hydrogen, Safer Power isn't just generating a clean fuel but igniting a beacon of sustainable innovation. Safer Power proves that Kenya is not a mere power consumer, but a leader in the global clean energy economy. The green hydrogen flame is rising in Kenya, and Safer Power is holding the torch.

Inside Safer Power’s ambitious green energy project

August 26, 2025

Brussels Airlines keeps its focus on the African continent and confirms...

November 18, 2021

M-TIBA PROMOTES DIGITAL HEALTHCARE DURING THE LAUNCH OF THE GRACE ONYANGO...

November 1, 2022

The Board of Directors of NCBA Bank Kenya PLC has announced the appointment of Ms Rebecca M. Mbithi, a former CEO of Family Bank, as an Independent Non-Executive Director of NCBA Bank Kenya PLC with effect from 1st December, 2024. Ms Mbithi is a lawyer and accountant with more than 24 years’ experience 19 years of which in business management, having served in senior leadership positions at the Kenya Tea Development Agency Limited (KTDA), Rift Valley Railways Kenya Limited, Rift Valley Railways Uganda Limited, and Family Bank Limited where she rose to the position of Chief Executive Officer. Ms Rebecca Mbithi was Managing Director and CEO of Family Bank for five years between 2019 and November 2023 after rising from the position of Company Secretary. Ms Mbithi currently serves as a Director and Consultant on the Board of Across Frontiers Global Li

Former Family Bank CEO Rebecca Mbithi Joins NCBA Bank Kenya Board

November 29, 2024

HOT NEWS

Feature

JAMBOJET LAUNCHES A CAMPAIGN TO ENCOURAGE DOMESTIC TRAVEL

The government of Kenya is seeking into intra-Africa tourism opportunities within the African Continental Free Trade Area (AfCFTA) to unlock the sector's projected Ksh 1 trillion contributions to the economy by end of 2027. Speaking during the opening ceremony of the 15th edition of the Magical Kenya Travel Expo (MKTE) at Uhuru Gardens. Deputy President of Kenya, Kithure Kindiki noted that while Kenya leads its East Africa counterparts on visitor arrivals, the country must leverage continental integration to achieve double-digit growth seen in Asian and European markets. "Tourism is a critical anchor of Kenya's economy and a pillar of our Bottom-up Economic Transformation Agenda (BETA). With Africa emerging as one of the strongest-performing regions in global tourism recovery, we must capitalize on AfCFTA opportunities. The tourism sector must become a critical interlocutor in transport, logistics, trade, investments and MSME sectors, driving synergized policy outcomes." Kindiki stated. According to the World Tourism and Travel Council (WTTC). Kenya's tourism sector is set to contribute a record Ksh 1.2 trillion to the economy, equivalent to more than 7% of national Gross Domestic Product (GDP). The sector is also expected to support 1.7 million jobs in 2025, maintaining over 8% of total national employment. The DP outlined government's infrastructure investments to support the growth of the sector, including the Nairobi-Nakuru-Mau Summit Highway, Lamu Port development. SGR expansion and new direct flights from global hubs. He stressed the need to diversify beyond traditional offerings, citing emerging products like astro-tourism, desert safaris in Chalbi, and tech-tourism leveraging Kenya's "silicon savannah" reputation. "We must market the complete Kenya story-from our technological innovation to our athletic excellence, from the Cradle of Humankind to our forty vibrant communities," he added. Equally, Kindiki also stressed the importance of sustainability, linking the government's tree planting initiative to eco-tourism enhancement, while ensuring tourism benefits reach grassroots communities. The expo has drawn over 6,500 delegates from 40 countries, including 400 exhibitors and 200 international buyers with the opportunity to explore how strategic investments and collaborative frameworks can contribute to the African tourism ecosystem which presents unprecedented growth potential. Tourism and Wildlife CS Rebecca Miano hailed the expo's evolution into a continental platform noting its critical role in accelerating investment flows for infrastructure development which directly supports Kenya's tourism target of 5.5 million visitors by 2027. "Infrastructure development through public-private partnerships remains our cornerstone strategy. By leveraging private sector expertise and government support, we are building world-class facilities that enhance visitor experiences while creating sustainable employment for our communities across the tourism value chain." Miano emphasized. On her part, Director of Trade in Services, Investment and Digital Trade AfCFTA Secretariat, Emily Mburu, highlighted the strategic importance of strategic tourism partnerships, particularly for advancing continental market integration. "Tourism shows how AfCFTA works in practice, public-private frameworks attract Foreign Direct Invest (FDI), build world-class infrastructure and create employment across borders. When tourists move seamlessly across Africa, they activate supply chains, stimulate trade and prove that integration delivers immediate, tangible benefits to African economies," he noted. The expo's focus on intra-African partnerships comes at an opportune time, given Africa's growing contribution to Kenya's tourism earnings. Africa was the leading source of tourist arrivals in 2024, accounting for 40.8% of international visitors. This year's Magical Kenya Travel Expo will incorporate digital matchmaking technology which facilitates pre-scheduled B2B meetings between buyers and sellers, maximizing business outcomes. It will also feature five-day familiarization trips, integrated marketing campaigns and dedicated sessions on creative economy integration within tourism.

News

KENYA TO TAP INTO INTRA-AFRICA TOURISM OPPORTUNITIES WITHIN AfCFTA

Main Story

KALRO LAUNCHES APPs FOR AVOCADO FARMERS

Lifestyle

Jack Ma Foundation invites APO Group Founder and Chairman Nicolas Pompigne-Mognard...

EDITOR PICKS

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

March 27, 2026

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.

Sidian Bank taps KCB’s John Okulo as its CEO

March 27, 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.

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

March 27, 2026

Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

March 23, 2018

EABL signs lease deal for office space in upcoming Garden City...

March 14, 2018

Facebook Introduces Messenger Rooms and More ways to connect

April 27, 2020

Tag: Kcb group

KCB Bank Profits Up

MOST POPULAR

Inside Safer Power’s ambitious green energy project

Brussels Airlines keeps its focus on the African continent and confirms...

M-TIBA PROMOTES DIGITAL HEALTHCARE DURING THE LAUNCH OF THE GRACE ONYANGO...

Former Family Bank CEO Rebecca Mbithi Joins NCBA Bank Kenya Board

HOT NEWS

JAMBOJET LAUNCHES A CAMPAIGN TO ENCOURAGE DOMESTIC TRAVEL

KENYA TO TAP INTO INTRA-AFRICA TOURISM OPPORTUNITIES WITHIN AfCFTA

KALRO LAUNCHES APPs FOR AVOCADO FARMERS

Jack Ma Foundation invites APO Group Founder and Chairman Nicolas Pompigne-Mognard...

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

POPULAR POSTS

Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

EABL signs lease deal for office space in upcoming Garden City...

Facebook Introduces Messenger Rooms and More ways to connect

POPULAR CATEGORY