OCP Kenya responds to public accusations

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OCP Kenya responds to public accusations

Special Correspondent - June 25, 2018

OCP Kenya expresses its surprise at the accusations made against it and its directors concerning the importation into Kenya of fertilizers that were...

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The lender, in its unaudited group results for the nine months to September, said the performance was driven by strong cost control and growth in non-interest income. “We remained focused on executing our strategy, making strong progress across our priority areas and delivering shared value to our stakeholders,” the board said in a statement.

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Founded in 1964, TBC has grown from a single Kijabe Street outlet into a nationwide chain offering books, stationery, art supplies and technology products. The Eldoret branch becomes its first outlet in Uasin Gishu and adds to existing locations in Nairobi, Kisumu and Ruiru, alongside its e-commerce platform. Speaking during the launch, TBC CEO Sachin Varma said the new branch reinforces the company’s push to make learning and creative resources more accessible across Kenya. “The opening of our Rupa Mall branch marks an exciting new chapter for Text Book Centre as we continue expanding across Kenya. Eldoret is a fast-growing hub of education and enterprise, and we’re proud to bring our trusted range of books, stationery, and creative tools closer to the people who power this region’s progress. Our goal remains the same — to make learning, creativity, and knowledge more accessible to every Kenyan, wherever they are.”

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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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OCP Kenya responds to public accusations

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Text Book Centre opens Eldoret branch

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