Business & Economy3 stories from 2 sources
Kenya's public debt has surged to Sh12.29 trillion by December 31, 2025, marking a significant increase partly attributed to financing budget deficits and accumulated interest. Separately, SBM Bank Kenya has announced a significant financial turnaround, returning to profitability after a challenging year, posting a profit before tax of Sh614 million for the year ending December 31, 2025, a remarkable shift from a Sh1.6 billion loss in 2024. KCB Group has also announced an 11 percent increase in net profit, reaching Sh68.4 billion for the year ending December 31, 2025, with growth driven by a significant rise in lending and overall revenues.