Corporate News

Thakrar, who led WPP Scangroup for many years before stepping down in 2021, framed his campaign around five consecutive years of losses and a 62 percent decline in the company’s share price...

Sanlam Allianz Holdings (Kenya) PLC has appointed Dr. Martin Oduor-Otieno as the company’s Board Chairman effective June 4, 2026. The appointment follows the retirement of Dr. John Simba, who served as the...

Absa Bank Uganda has received approval of the Bank of Uganda (BoU) to acquire Standard Chartered Bank Uganda’s wealth and retail banking business. The clearance follows StanChart’s announcement in 2024 that it...

Equity Group Holdings has signed an agreement with the International Trade Centre (ITC) aiming to support economic development across East Africa, targeting MSMEs in the coffee, leather and creative industries. The collaboration...

Express Kenya Limited plans to undertake a rights issue exercise that could see the company offer up to 50 million new ordinary shares to existing shareholders. According to Express Kenya, shareholders on...

BK Group Plc (NSE: BKG) has announced its unaudited financial results for the first quarter ended March 31, 2026, delivering a net income of RWF 26.9 billion (US$ 18.4 million). This performance...

Equity Group Holdings PLC is heading into its 22nd Annual General Meeting (AGM) on Wednesday, June 24, 2026, riding on the back of one of the strongest financial performances in the Group’s...

The Capital Markets Authority (CMA) has approved Stanbic Bank Kenya to process coffee payments at the Nairobi Coffee Exchange (NCE) in a move aimed at improving efficiency, transparency and ensuring timely payments...

Equity Group Holdings has entered into a partnership with MicroSave Consulting aimed at advancing financial inclusion and enhancing gender equality within Kenya’s fisheries sector. The agreement seeks to bridge financing, technology and...

The Capital Markets Authority (CMA) has issued two new Intermediary Service Platform Provider (ISPP) licenses, underscoring efforts to deepen Kenya’s capital markets. The Authority approved the Chumz mobile application, a savings and...

HFCB Group's after-tax profit rose sharply in the first quarter of 2026, driven by a booming deposit franchise, widening interest margins, and a growing contribution from its subsidiaries.

HF Group PLC has announced a change of its name to HFCB Group PLC, marking another step in the Group’s transformation journey as it continues strengthening its position in Kenya’s financial services...

Listed national carrier Kenya Airways PLC has announced a change in its share registrar from Custody and Registrars Services Limited (C&R) to Image Registrars Limited. Image Registrars will handle all Kenya Airways...

Cable Experts Limited has announced its intention to indirectly acquire a majority 68.37% stake in East African Cables PLC held by Cable Holdings, a wholly owned subsidiary of TransCentury PLC. According to...

Equity Group has reported a strong Q1 2026 performance, with profit after tax rising 24% to KES19.1 billion, fueled by digital banking adoption, regional expansion, and strong MSME lending across Africa.

Safaricom and Airtel Kenya were previously granted temporary two-year operating licences in late 2024, pending agreements on fees, spectrum allocation.

Japanese conglomerate Asahi Group Holdings has received regulatory exemption in Kenya, Uganda and Tanzania from making a mandatory takeover offer for regional brewer East African Breweries PLC (EABL) following its planned acquisition...

National Carrier Kenya Airways has signed a memorandum of understanding (MoU) with Rubis Energy Kenya to develop Africa’s first Sustainable Aviation Fuel (SAF) refinery, marking a key milestone in the continent’s green...

Tier III lender Consolidated Bank of Kenya expects a fresh capital injection by June 30, 2026, from the National Treasury following the allocation of KES 1.125 billion in the 2026/2027 draft programme-based...

Telecommunications giant Safaricom Plc is increasingly positioning Ethiopia at the center of its long-term strategy as the company expands beyond its already established Kenyan market. According to the Company’s FY26 results, Safaricom...

Stanbic Bank Kenya has reported its financial results for the first quarter of 2026, showcasing a resilient performance with a notable 5.5% increase in net profit compared to the same period in...

Kenya’s leading telecommunications company Safaricom Plc continues to strengthen its presence in financial services through its growing wealth management ecosystem, led by Ziidi Money Market Fund (MMF) and Ziidi Trader. In its...

Listed transport and logistics firm Express Kenya Plc has disclosed the disposal of a parcel of land it owns in Nairobi Industrial Area during the first quarter of 2026. The company sold...

Tier I lender Absa Bank Kenya has revamped its asset financing programme pledging to deploy KES 100 billion over the next three years to businesses and individuals. The initiative aims to improve...

KCB Bank Kenya has partnered with Centum Real Estate to roll out a new mortgage offering aimed at enhancing access to home financing. The offer is anchored on a fixed discounted rate...

Listed reinsurance company Kenya Re plans to venture into the asset management business, an initiative aimed at diversifying its revenue streams, enhancing shareholder value, and expanding into the financial services sector amid earnings...

Standard Chartered Bank Kenya has intensified its multi-year reorganization, combining the sale of its headquarters with a continued reduction of its physical workforce. According to the bank's financial disclosures for the period...

NCBA Group PLC has issued a formal public announcement to its shareholders regarding a significant corporate transaction involving a partial pro rata offer by Nedbank Group Limited intending to acquire approximately 1,087,362,891...

Tier I lender I&M Bank Limited has launched a KES 20 billion Domestic Medium-Term Note (MTN) Programme following approval from the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK)....

Flame Tree Group Holdings Limited has issued a profit warning expecting its profit after tax for the period ended December 31, 2025 to decline by more than 25%, reversing to a loss....

Airtel Africa Plc is planning to list its mobile money arm, Airtel Money on the London Stock Exchange (LSE), a move that underscores the growth in the mobile money platform. Airtel Money...

Airtel Money and Absa Bank Kenya have signed a partnership to enhance digital payments solutions, introducing a new service that enables direct transfers from Airtel Money wallets into Absa Bank Kenya accounts,...

The audited financial results for WPP Scangroup PLC for the fiscal year ended December 31, 2025, saw Scangroup’s revenue fall by 16.33%, dropping from KES 2.44 billion in 2024 to KES 2.04...

NSE-listed insurer Britam Holdings Plc has rolled out its Whole Life Insurance Plan, designed to help customers plan for the future, protect their legacy and provide long-term financial security for their families....

Sanlam Allianz Holdings (Kenya) PLC audited results for the fiscal year ended December 31, 2025, has a contrast between internal operational growth and external market pressures. The group's core insurance service result...

Equity Bank Kenya has signed a €30 million (KES 4.6 billion) financing agreement with Italy’s national development bank, Cassa Depositi e Prestiti (CDP) to support micro, small and medium-sized enterprises (MSMEs) in...

Sidian Bank Limited has raised KES 3 billion in fresh capital following a successful rights issue earlier this year, marking a key milestone in its ongoing growth strategy. The tier II lender...

Bamburi Cement PLC reported a strong financial recovery for the year ended December 31, 2025, swinging back to profitability after a loss in the previous year, underpinned by robust revenue growth. Turnover...

BOC Kenya has reported a robust performance for the year ended December 31, 2025, delivering strong growth in net income.

The Central Bank of Kenya (CBK) has licensed an additional 32 Digital Credit Providers (DCPs), bringing the total number of approved digital lenders to 227. The licensing follows an extensive review process...

Sameer Africa PLC has reported a solid recovery for the year ended 31 December 2025, posting higher revenues, improved profitability, and a stronger balance sheet.

Zenith Bank PLC has officially completed the acquisition of Paramount Bank Kenya Limited following the receipt of regulatory approvals from relevant authorities in both Kenya and Nigeria. The transaction, which saw Zenith...

The National Treasury has increased its stake in Kenya Airways (NSE: KQ) from 48.89% to 50.1%, following the winding up of the airlines Employee Share Ownership Plan (ESOP), which held a 2.44%...

Standard Group PLC has appointed Mr. Chaacha Mwita as the substantive Chief Executive Officer (CEO) of the company, effective April 1, 2026. The appointment follows Mr. Mwita’s service as the company’s acting...

In the period ended December 31, 2025, Faida Investment Bank delivered a remarkable turnaround, with after tax profit rising to KES 209.13 million from KES 216,106 in the previous year. The stellar...

Despite the pressure on margins, CIC’s balance sheet remained exceptionally strong, with total assets growing to KES 73.7 billion.

The results, released Tuesday, shows Ziidi earned KES1 billion in investment income from a pool of assets backed by KES14.6 billion in investor cash.

Access Bank Kenya PLC delivered a notable improvement in its financial performance for the year ended December 31, 2025, significantly narrowing its losses on the back of strong revenue growth. The lender...

UBA Kenya recorded a turnaround performance in the period ended December 31, 2025, swinging back to profitability after five consecutive years of losses. The tier-3 lender reported a profit after tax of...

Britam Holdings PLC has announced the appointment of Mrs. Celestine Munda as the interim Chairperson of the Board, effective March, 31 2026. Her appointment follows the death of the company’s Board Chairman,...

HF Group recorded 17% year-on-year growth in total assets to KES 82.4 billion, driven by strong customer confidence and improved market activity.

Umeme Limited's concession formally ended on 31 March 2025, when Umeme handed operational control of the electricity distribution network back to the Government of Uganda (GoU).

The Board of Directors of Unga Group Plc (NSE: UNGA, -2.2% YTD) has announced changes to its composition, effective March 31, 2026, welcoming a new member while bidding farewell to a long-serving...

Diamond Trust Bank Group (NSE: DTK, up 28.9% YTD) has completed the sale of its entire shareholding in its DTB Burundi franchise following the receipt of regulatory approval from the Bank of...

Tier-II lender Family Bank has reported a 55.5% growth in after-tax profit to KES 5.38 billion for the period ended December 31, 2025. The lender’s strong growth in net earnings was supported...

The Nairobi Securities Exchange (NSE) has reported a 134% growth in profit after tax to KES 272.2 million in FY2025, from KES 116.3 million a year earlier, driven by significant growth in...

Kakuzi Plc has reported its financial performance for the fiscal year ended 31 December 2025, marking a turnaround from the previous year's losses. The listed agricultural firm successfully transitioned to a profit...

I&M Group PLC delivered a strong financial performance in FY2025, marked by robust profitability growth and significant balance sheet expansion. The Group reported a profit after tax of KES 19.8 billion, representing...

Sidian Bank has reported a KES 1.74 billion after-tax profit for the year ended December 31, 2025, up 500% from KES 287.4 million in FY2024, supported by a strong revenue growth. The...

Listed Tier 1 lender Diamond Trust Bank (NSE: DTK) has reported a 21% year-on-year growth in profit after tax to KES 10.7 billion for the year ended December 31, 2025. The strong...

Uganda Securities Exchange (USE: SBU) listed firm Stanbic Uganda Holdings Limited recorded a stellar performance in the year ended December 31, 2025, evidenced by significant balance sheet expansion and a robust growth...

Williamson Tea Kenya PLC and Kapchorua Tea Kenya PLC have announced the retirement of Alan Laurence Carmichael as Managing Director and Chief Executive Officer, effective March 31, 2026. Mr. Carmichael’s retirement follows...

The Co-operative Bank of Kenya has announced its financial results for the Full Year 2025, posting impressive growth across its key performance indicators. The figures posted by the bank reflect a period...

Tier 1 lender I&M Bank Limited has announced the signing of a strategic Green Finance Risk Sharing Guarantee partnership with Swedish International Development Cooperation Agency (Sida), with a focus on supporting sustainable...

Standard Chartered Bank Kenya reported an after-tax profit of KES 12.4 billion in FY2025, representing a 38% decline from KES 20.1 billion recorded in FY2024. The drop was driven by weaker income,...

Listed financial services provider HF Group PLC (NSE: $HFCK) has announced the appointment of Ms. Elizabeth Gitau as an Independent Non-Executive Director, effective March 13, 2026. Ms. Gitau is an experienced human...

Tullow Oil PLC has announced the receipt $36 million (KES 4.6 billion) in payment of tranche B for the sale of its entire working interest in Turkana, Kenya. The payment follows the...

Uganda Securities Exchange-listed firm MTN Uganda (USE: $MTNU) has declared a final dividend of Ush 8.25 per share for FY2025, translating to a total dividend of Ush 28.75 per share, up 27.2%...

Liberty Kenya Holdings PLC (NSE: $LBTY) has released its audited financial results for the year ended December 31, 2025, revealing a significant drop in profitability despite a steady increase in top-line insurance...

Stanbic Bank Kenya (NSE: $SBIC) has announced the appointment of Abraham Ongenge as the bank’s Acting Chief Executive Officer, effective March 1, 2026, pending regulatory approval. This follows the appointment of bank’s...

KCB Group PLC reported an after-tax profit of KES 68.35 billion in FY2025, up 10.7% year-on-year, underpinned by growth in revenue and a marginal decline in operating expenses. Total interest income declined...

The latest full year financial results for Stanbic Holdings Plc for the year ended December 31, 2025, reflect a period of a strong balance sheet expansion and steadfast shareholder returns, despite a...

Sasini PLC is seeking to expand its product markets into more Asian countries as it navigates growing challenges in its traditional export destinations in Europe and the United States, amid escalating geopolitical...

The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) posted a strong performance, surpassing the National Treasury’s target of KES 106 billion, recording an overall subscription rate of 105.7%. The offer, which...

Absa Bank Kenya PLC reported a 9.7% increase in profit after tax to KES 22.9 billion in FY2025, up from KES 20.9 billion recorded in FY2024, supported by a significant decline in...

The COMESA Competition and Consumer Commission (CCCC) has cleared Vodacom Group to acquire an additional 15% stake in Safaricom PLC. The regional competition watchdog noted that the proposed transaction will not alter...

Listed Cigarette manufacturer British American Tobacco (BAT) Kenya posted a 17.2% rise in after-tax profit to KES 5.25 billion for the year ended December 31, 2025, despite subdued gross revenue. Gross sales...

Limuru Tea PLC has issued a profit warning expecting at least a 25% decline in its net earnings in FY2025 compared to the previous year. The agricultural firm joins 11 other listed...

The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) offer period has been extended by three working days following approval from the Capital Markets Authority (CMA). The offer, which opened on January...

Elon Musk’s Starlink has introduced mandatory in-person identity verification for all its subscribers in Kenya, requiring them to provide national identity cards, postal addresses and phone numbers following directives from Kenyan authorities....

Kenya’s Capital Markets Authority (CMA) has approved new fund management licenses and additional collective investment schemes, a day after the regulator licensed six new market intermediaries. The Authority approved Mema Asset Management...

Insurance solutions provider CIC Group PLC has raised KES 1.8 billion from the sale of two parcels of land in Kiambu and Kajiado counties as part of efforts to optimize its balance...

The Capital Markets Authority (CMA) has licensed six firms as market intermediaries, in line with its efforts to strengthen Kenya’s capital markets, enhance innovation, and broaden the accessibility of investment services in...

KenGen PLC (NSE:$KEGN) recorded a 20% decline in after-tax profit to KES 4.2 billion for the six months ended December 31, 2025 compared to KES 5.3 billion recorded in a corresponding period...

Shika Paka Pawa brand owner Eveready East Africa PLC has launched an Integrated Clean Energy Platform (ICEP) delivering solar power, energy storage, clean cooking solutions, carbon market initiatives, and electric vehicles (EV)...

The Kenya Bankers Association (KBA) has urged the Central Bank of Kenya (CBK) to maintain the Central Bank Rate (CBR) at 9.00% when the Monetary Policy Committee (MPC) meets today, the 10th...

In week six of the year, the Central Bank of Kenya’s (CBK) treasury bills recorded mixed performance with the 91-day and 364 -day papers attracting strong demand, while the 182-day paper recorded...

Safaricom PLC board has approved an interim dividend of KES 0.85 per ordinary share for the year ending March 31, 2026, strengthening its position as one of the most reliable dividend-paying stocks...

Kakuzi PLC has launched a new loose-leaf tea product, marking a significant milestone in the company’s diversification strategy. The NSE-listed firm has introduced Kakuzi Pure Black Tea, now available in 250g and...

Listed agricultural firms Williamson Tea Kenya and Kapchorua Tea have announced the appointment of Mr. Agnus Omete as Executive Director of both companies, effective February 1, 2026. Mr. Omete’s appointment follows the...

Utility firm Kenya Power and Lighting Company (KPLC) recorded a KES 14.8 billion pre-tax profit for the half year ended December 31, 2025, up 5.4% from a similar period the previous year,...

EABL’s Board of Directors has recommended an interim dividend of KES 4.00 per share, up 60% from KES 2.50 in a similar period last year.

Cross-listed energy firm Umeme Limited has issued a profit warning expecting the company to post a second consecutive loss in the year ended December 31, 2025. Umeme PLC's Board of Directors attributed...

The Board of Standard Chartered Bank Kenya Limited has announced the upcoming retirement of Mr. Kariuki Ngari from his position as Managing Director and Chief Executive Officer, effective 16 April 2026. Mr....

KCB Group PLC has secured approval from the Competition Authority of Kenya (CAK) for the acquisition of a 75% stake in Riverbank Solutions Limited, a Nairobi-based financial technology company. The lender received...

The Central Bank of Kenya (CBK) Treasury Bills auction on January 22, 2026, saw undersubscription across all tenors. The 91-day paper received bids amounting to KES 1.37 billion, against a targeted amount...

Zenith Bank PLC has secured approval from the Competition Authority of Kenya (CAK) for the proposed acquisition of a 100% shareholding in Kenyan Tier III lender Paramount Bank Limited. The Authority greenlighted...

Singaporean and Qatari investors have shown strong interest in Kenya Airways, the national carrier of Kenya.

The Private Infrastructure Development Group (PIGD) has given the greenlight to a USD 15 million investment as an anchor investor in the upcoming Africa Logistics Properties Industrial Real Estate Investment Trust (ALP...

Tier I lender Standard Chartered Bank Kenya Limited has announced the appointment of Birju Sanghrajka as Managing Director and Chief Executive Officer, and Head of Coverage for Kenya, subject to regulatory approvals....