Kenya Airways (KQ) is back in the loss-making territory on lower revenue generation after posting a net loss of Sh17.1 billion for the year ended December 2025, from Sh5.4 billion profit in 2024. The airline said its operational loss dipped Sh5.6 billion compared to Sh16.6 billion in the previous period as revenue fell because of global supply chain challenges. Sales declined by Sh27 billion to Sh161.4 billion, resulting in an operating loss of Sh5.6 billion as operating costs fell by a smaller margin of Sh4.79 billion to Sh167 billion. “Overall performance and operations in the year 2025 were severely impacted…
Author: Victor Adar
Victor Adar
Victor Adar is a seasoned journalist with a Diploma in Mass Communication (Print) from the Technical University of Mombasa. He has previously worked with Reuters, Go Places travel magazine, and Aden Associates International. Since joining NBM in 2012, he has become a key member of the editorial team, covering enterprise, corporate affairs, HR, and technology.
Nairobi has claimed top honours in the latest Global Attractiveness Index (GAI) for emerging and fast-growing cities, developed by DHL Express Sub-Saharan Africa and The European House – Ambrosetti, securing position 56 globally, 11th in Africa, and 6th in Sub-Saharan Africa. On Monday, March 23, Hennie Heymans, CEO of DHL Express Sub-Saharan Africa, said the findings reflect the Kenyan capital’s growing economic and environmental strengths, while also highlighting structural constraints that continue to limit its full potential. “For Africa to accelerate its integration into global trade and to realize its full economic potential, we must understand where our cities stand,…
The Tony Elumelu Foundation (TEF) on Sunday, March, unveiled the 12th cohort of its entrepreneurship programme, demonstrating a commitment to empower the most valuable businesses and ideas on the continent. With 3,200 entrepreneurs selected from over 265,000 applications, this year’s cohort will receive non-refundable seed grants of $5,000 each, which the Foundations says comes to $16 million in direct funding, along with proper business training, mentorship, and access to TEF’s pan-African network. Of the 3,200 entrepreneurs who made the cut, 1,951 will benefit under the flagship program – as well as 100 entrepreneurs in waste management, 100 entrepreneurs under Aguka…
Old Mutual Holdings posted a net profit of Sh856 million for the year ended December 31, 2025, representing a 2 per cent increase from Sh838 million recorded in 2024. The company, which operates in Kenya, Uganda, Rwanda, and South Sudan, recorded a consolidated profit before tax of Sh1.9 billion, said the profit growth was powered by double-digit growth in asset management and strong performance in life business. Total assets grew slightly by 6 percent to Sh79.2 billion, up from Sh74.8 billion in 2024, while total equity strengthened by 3 percent to Sh20.4 billion from Sh19.7 billion, reinforcing the Group’s financial…
In a market shaped by volatility and shifting investor behaviour, fund manager Ndovu has provided a new collective investment vehicle aimed at long-term wealth creation through diversification. The Kibaba Fund is designed to give investors structured exposure across multiple asset classes, allowing them to build wealth steadily over time. Entry begins at Sh250,000 for the Kenya Shilling Fund, with additional top-ups from Sh100,000. The product places Ndovu among a growing pool of Capital Markets Authority-approved special funds, including Mansa-X Special Fund, OAK Special Fund and Britam Special Fixed Income Fund—vehicles increasingly favoured for their ability to blend equities, fixed income…
Stanbic bank has reported Sh13.7 billion profit after tax for the 2025 fiscal year thanks to diverse and varied sources of income, even as its shareholders get dividends worth Sh17 billion over the last two years. The lender, which has also proposed a final dividend of Sh18.55 as an addition to its interim payout of Sh3.80, says it re-engineered its sails in to weather macro-economic challenges including the US economic policy and tariff uncertainty, monetary policy normalization that impacted de-dollarization, food and oil geopolitical tensions – Middle East, Russia/Ukraine and the Caribbean. “2025 was the year of the great transition…
African media experts have issued a strong call for transparency, accountability and ownership in the age of artificial intelligence (AI), even as much younger and digitally native audiences continue to consume news differently across the continent. Speaking in Nairobi on Thursday, February 27, at the fourth edition of the Africa Media Festival (AMF 2026) themed “Resilient Storytelling: Reimagining Media Freedom,” Ugandan journalist and Baraza Media Lab board chair Daniel Kalinaki, said challenges affecting journalism today range from shrinking newsroom revenues and regulatory constraints, to the growing influence of digital platforms, AI, as well as a new generation of content creators.…
In a milestone move, strategic communications guru Gina Din Kariuki launched on how Africa can reclaim her story signaling a new chapter in the continent’s leadership debate. The book, titled “Beyond the Ballot” comes at a time when public trust is fragile, democratic institutions are under strain, and Africa’s global voice is being renegotiated. “Telling our story is not optional,” Gina said during the book launch event on the evening of Thursday, February 20. “It is strategic, necessary and overdue to be able to tell African story by Africans.” Din’s concern, as per her Beyond the Ballot book, reflects a…
His Highness the Aga Khan, Chancellor of the Aga Khan University (AKU), has urged the Class of 2025 to harness the “extraordinary opportunity” of modern knowledge to address global challenges. He described education as an “enduring conviction” that sits at the heart of the Aga Khan Development Network, even as he emphasized that it is the most powerful tool for changing lives and societies. “When we educate an individual, we do not merely confer a personal asset that can never be taken away; we set in motion a powerful ripple effect that extends to families and communities,” Aga Khan said,…
Kenya Electricity Generating Company (KenGen), will undergo governance overhaul to strengthen its board independence while protecting minority shareholders. The move, approved at an Extraordinary General Meeting held virtually on Thursday, February 12, comes at a time when private investors increasingly assert influence over long-term capital allocation and governance discipline within Kenya’s listed state-controlled entities. “These changes are about predictability and trust,” the firm’s chairman, Alfred Agoi, said after the meeting. “They strengthen independence at board level while preserving the government’s position as majority shareholder.” At the core of the overhaul is a revised board structure that expands the role of…
