safaricom profit Stories

Safaricom CEO Peter Ndegwa said the performance remains strong amid the headwinds in the Ethiopian business.

Kenya Airways noted that this development marks its first profit after tax for the period since 2013.

The trajectory was attributed to the number of branches of the Kenyan bank subsidiaries growing year-on-year.

The bank announced that decreased impairment charges, increased non-funded income, and growing core revenues were the main drivers of the growth.

The positive results have been attributed to a robust growth in revenue, driven by increased electricity sales and the implementation of a cost-reflec...