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The insurer’s profit after tax increased from Ksh638.5 million recorded during the same period in 2025, while profit before tax rose by 30.2 per cent to Ksh1.56 billion from Ksh1.2 billion.
Profit After Tax rose to Ksh1.72 billion, up from Ksh1.07 billion recorded in the same period in 2025
The deal is expected to support the financing and deployment of 1,000 electric vehicles, giving PSV SACCOs and established transport operators an alternative to paying the full cost of an electric vehicle upfront.
Integrated solution combines connectivity, insurance, advisory services and production support in affordable bundle.
The growth coincided with a strong financial performance
Data from the Kenya National Bureau of Statistics (KNBS) showed that the Transportation and Storage sector expanded by 3.7 per cent in 2025.
Insurance revenue increased to Ksh2.2 billion, while net profit grew to Ksh124.6 million, up from Ksh30.9 million posted in the same period last year.
The petition was withdrawn through a notice filed by the petitioner's lawyers
The improved performance also saw EABL reward shareholders with a significantly higher payout
The lender's strong performance came despite significantly increasing the amount of money it reserved to cover customers who may fail to repay loans
The three bank CEOs are expected to take plea before the Chief Magistrate's Court on August 11 after the court issued summons.
The move allows businesses to make payments directly in Chinese yuan, reducing reliance on traditional correspondent banking routes
