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Kenya Met Department Warns Heavy Rains Start Tonight

The Kenya Meteorological Department has issued a warning of impending heavy rains expected to start tonight across the country. The forecast indicates heavy rainfall that is expected to persist through next week across many parts of Kenya. Additionally, the Meteorological Department is urging Kenyans to exercise caution as forecasts indicate the imminent arrival of heavy rainfall. Meanwhile, Nairobi Governor Johnson Sakaja has ordered the immediate demolition of all structures situated along river banks within the city, instructing residents occupying these at-risk areas to relocate.

Co-op Bank Posts KSh 40.3B Pre-Tax Profit, 15.8% Growth

Co-operative Bank of Kenya has announced a significant financial performance, reporting a KSh 40.3 billion pre-tax profit representing a substantial 15.8% growth in profitability. The Cooperative Bank has additionally announced a significant increase in its proposed dividend payout to shareholders, recommending a dividend of Sh2.50 per share, a notable rise from the previous year's payout. Separately, SACCOs in Kenya are urging Parliament to expedite the 2025 Amendment Bill, highlighting its importance for their sector.

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