Companies
Acorn REITs half-year profits fall 31% to Sh314.3m
Acorn's student accommodation REITs posted a combined 31 per cent drop in half-year profit to Sh314.3 million for the period ended June 30, 2026 as higher financing costs at the D-REIT outweighed stronger earnings from the I-REIT.
Kenya insurtech startups attract Sh8.6bn over five years
Kenya's insurtech startups have attracted Sh8.6 billion in venture capital over the past five years, cementing the country's position as one of Africa's leading innovation hubs
Safaricom Ethiopia Q1 revenue jumps 66% as customer base nears 15 million
Safaricom Ethiopia's first-quarter revenue rose 66.1 percent to Sh5.04 billion, driven by strong growth in data usage, customer additions and M-PESA adoption as the operator edged closer to 15 million customers.
Firm challenges mandatory travel insurance scheme over alleged Kenya Re, Minet roles
A private firm has petitioned the High Court to halt Kenya's Mandatory Inbound Travel Health Insurance Programme, alleging the scheme unlawfully favours selected insurers, including alleged roles for Kenya Re and Minet Kenya, through an unfair and anti-competitive process.
Nine startups pitch to investors at Safaricom Spark Accelerator Demo Day
The second cohort of start ups admitted to Safaricom Spark Accelerator showcased their innovations to investors in a bid to secure funding to scale their solutions.
SBM Bank Q1 pretax profit surges 20-fold to Sh246m
SBM Bank Limited has reported a 20-fold increase in pre-tax profits to Sh246m for the first quarter ended March 31, 2025, up from Sh12m reported during the same period a year earlier.
