Author: Daily Press

 Micro, Small and Medium Enterprises Development Principal Secretary Susan Mag’eni says that the government will…
The post Government to write off Ksh.6B Hustler Fund loan defaults appeared first on AfrinewsKE. Read More

 ARC Ride has today announced it has secured $5 million in financing from British International Investment (BII), the UK’s development finance institution and impact investor. This investment is set to provide e-mobility solutions for Kenya’s cities, marking a boost to the nation’s electric vehicle (EV) adoption efforts. The funding will enable ARC Ride’s initial rollout
The post ARC Ride to roll out 5,000 electric bob-bodas, standardize battery swapping with BII Funding appeared first on HapaKenya. Read More

 The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first quarter of 2025, revealing a strong performance. Afreximbank Group recorded a net income of US$215 million, marking a 21% year-on-year increase from US$178 million in the previous period. This growth was driven by a 4.53% rise in net interest income to
The post Afreximbank net income jumps 21% to US$215 Million in strong Q1 2025 appeared first on HapaKenya. Read More

 NCBA Group has announced a profit after tax of Ksh. 5.5 billion for the first quarter of 2025. This represents a 3% increase from the Ksh. 5.3 billion reported during the same period last year. The rise in profitability was driven by a rise in digital loan disbursements, which rose 32%  year-on-year to Ksh. 307
The post NCBA Group Q1 2025 profit after tax rises 3% to Ksh. 5.5B, driven by digital loans appeared first on HapaKenya. Read More