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HomeDaily NewsWednesday, June 25, 2025Growth and Business Developments in Kenya
Business & Economy2 stories from 1 sources

Growth and Business Developments in Kenya

Java House expands to 98 outlets with first branch in Kisii; Family Bank increases dividend to Sh1.1bn.

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Wednesday 2:50 PMCapital BusinessFirst

Java House opens first branch in Kisii, reaches 98 outlets

Java House opens first branch in Kisii, reaches 98 outlets

Java House has opened its first branch in Kisii, increasing its total outlets to 98 across East Africa, as part of its expansion strategy.

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Key Highlights

Java House has opened its first branch in Kisii, increasing its total outlets to 98 across East Africa, as part of its expansion strategy.

  • New outlet located at TotalEnergies in Kisii town.
  • Cyrus Nyabicha, County Executive Committee Member for Trade, Tourism, Industry and Marketing, supports the initiative to attract more businesses.
  • Kisii was chosen for its population density and regional transit hub status.
Wednesday 4:15 PMCapital Business

Family Bank dividend up 53pc to Sh1.1bn on profit rise

Family Bank dividend up 53pc to Sh1.1bn on profit rise

The Family Bank has announced a significant increase in dividends, rising by 53 percent to Sh1.1 billion due to a boost in profit.

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Key Highlights

The Family Bank has announced a significant increase in dividends, rising by 53 percent to Sh1.1 billion due to a boost in profit.

  • The dividend per share for 2024 is Sh0.85, up from Sh723 million in 2023.
  • Key figures include Family Bank Chairman Lazarus Muema and CEO Nancy Njau.
  • The increase follows a 38 percent surge in profit after tax, totaling Sh3.4 billion for the year ended 2024.
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