Corporate News

Stanbic Bank Kenya 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 CEO, Dr....

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....

NCBA Group PLC (NCBA or the Group), a preeminent financial services provider in East Africa, has announced that it has received a Strategic Investment Proposal together with a Notice of Intention (NOI)...

The High Court of Kenya has issued directions to speed up hearings in the ongoing legal dispute between East African Breweries PLC (EABL) and Bia Tosha Distributors Limited. The court has structured...

The Co-operative Bank of Kenya Chief Executive Officer (CEO) Gideon Muriuki’s stake in the Bank increased to 2.3% in December 2025, from 2.21% earlier following the purchase of 5.5 million shares at...

Insurance service provider Liberty Kenya Holdings PLC expects profit after tax for the FY2025 to decline by at least 25% compared to the previous year, FY2024. The firm, which notified its investors...

The Board of Directors of East African Breweries PLC (EABL) has formally announced the resignation of Ms. Risper Ohaga from her dual roles as Chief Financial Officer and Executive Director. Her departure...

Standard Chartered Group has reached a decision to proceed with exploring the sale of its entire Botswana business, which includes both Corporate & Investment Banking (CIB) and Wealth and Retail Banking (WRB)....

Kenya’s second largest network carrier Airtel Kenya intends to launch an overdraft service in Kenya aimed at enabling customers to complete mobile money transactions even with insufficient funds in their wallets. The...

Tier-1 lender I&M Bank Kenya is in search of a new Chief Executive Officer (CEO) following the departure of Mr. Gul Khan who served at the helm of the bank between 2023...

The Capital Markets Authority (CMA) has launched a new financial reporting system for the periodic submission of Risk Based Capital Adequacy (RBCA) returns and financial statements by licensed intermediaries such as stockbrokers,...

Sasini Plc recorded an after-tax profit of KES 188 million in the FY 2025 rebounding from a KES 562.9 million net loss in the previous year, supported by a stellar performance in...

The National Assembly concluded the public participation period regarding the proposed sale of the government's 15% stake in Safaricom Plc (NSE: SCOM). The window for public commentary, which opened on December 8,...

Kenya Airways has announced the departure of its Group Managing Director and Chief Executive Officer (CEO), Mr. Allan Kilavuka, who has proceeded on terminal leave. The Kenya Airways Board of Directors has...

Nairobi Two Rivers Special Economic Zone (SEZ) operator, Two Rivers International Finance and Innovation Centre (TRIFIC), has announced plans to introduce a USD 35 million (~KES 5 billion) green, US dollar-denominated Income...

Warehouse developer and manager Africa logistics Properties (ALP) limited has launched a USD 30 million restricted offer for its ALP Industrial Real Estate Investment Trust (REIT) to finance Grade A logistics facilities...

Kenyan lender KCB Bank Kenya (KCB) and the African Development Bank (AfDB) have sealed a $150 million (KES 19.5 billion) financing deal to support green finance and accelerate climate-smart investments, while enhancing...

Safaricom PLC's Tranche 1 green note offer of its KES 40B Medium Term Note (MTN) programme received bids totalling KES 41.6 billion against a target of KES 15 billion, marking an oversubscription...

The National Social Security Fund (NSSF) has completed the sale of its 27% ownership in listed cement producer East African Portland Cement Company (EAPCC) to Kalahari Cement Limited, a subsidiary of the...

According to electricity utility Kenya Power and Lighting Company (KPLC), Kenya recorded a new electricity peak demand on December 4, 2025, at 2,439.06 MW, attributable to increased customer connections. The new record...

Electricity supplier Kenya Power and Lighting Company (KPLC) has announced the transition of manual electricity connection applications to a fully digital system, a move aimed at improving operational efficiency, enhancing customer experience,...

Nairobi Business Ventures PLC (NBV) has announced its financial results for the six-month period ended 30th September 2025, reflecting a challenging operating environment that impacted overall performance. The Group recorded a net...

As at the end of the third quarter of the 2025 financial year, Standard Chartered Bank Kenya Limited announced a profit after tax of KES 9.786 billion, a 38% decline from the...

In FY 2024, Kenya Airways recorded impressive results, rebounding to profitability after 12 consecutive years of losses.

HF Group’s diversification strategy continues to bear fruit, with all subsidiaries registering improved profitability.

NSE-listed hotel chain TPS Eastern Africa has issued a profit warning for the financial year ending December 31, 2025, citing an expected decline in after tax profit primarily due to unrealized foreign...

The name change follows the recent formation of a joint venture between Sanlam and Allianz, establishing SanlamAllianz as Africa’s largest insurance firm.

KCB Bank has announced its transition to the new credit pricing model, the revised Risk -Based Credit Pricing Model (RBCPM) effective December 1, 2025. The move follows the launch of the new...

KCB Group Plc recorded KES 47.3 billion in after-tax profit for the nine months ended September 2025, from KES 45.8 billion in September 2024, up 3.4% y/y.

The Competition Authority of Kenya has granted unconditional approval for the acquisition of Mace Consult Holding Limited by Consult Bidco Ltd. This decisive regulatory green light was based on the Authority’s comprehensive...

Acorn Holdings Limited has received the green light from the Capital Markets Authority (CMA) for the establishment of a Build-to-Rent Development Real Estate Investment Trust (D-REIT), aimed at expanding Kenya’s affordable housing...

Absa Bank Kenya Plc recorded a 14.7% growth in after-tax profit to KES 16.9 billion in the first nine months ended September 2025, up from KES 14.7 billion in a similar period...

Nigerian-based lender Zenith Bank intends to acquire Kenya’s Paramount Bank for an undisclosed amount. Zenith, Nigeria’s second-largest bank by total assets, is seeking regulatory approval to expand its footprint into East Africa...

Williamson Tea Kenya has reported a significantly reduced net loss of KES 10 million for the half year ended September 30th 2025, marking a notable improvement from the previous year’s much deeper...

Kapchorua Tea Kenya Plc has recorded exceptional financial performance for the 6 months period ending on September 30th 2025, demonstrating an impressive turnaround in profitability. The agricultural firm reported a net profit...

Listed integrated financial solutions provider HF Group has announced the appointment of Image Registrars Limited as the company’s share registrar, effective 3rd November 2025. The announcement follows approval from the Capital Markets...

Regional brewer East African Breweries Plc (EABL) recorded a successful bond issuance in the first tranche of its Medium Term Note (MTN) program. EABL raised KES 16.76 billion against a target of...

Naivas Supermarket has reported an outstanding 43% year-on-year surge in its net profit, which reached KES 2.4 billion for the year ended June 2025. This impressive growth marks a significant rebound from...

Uganda’s largest telecom firm, MTN Uganda Limited, recorded resilient financial results in the first nine months ended in September 2025, posting a 2.6% growth in profit after tax to Ush 471.2 billion,...

Safaricom PLC, East Africa's most valuable company by market capitalization, has reported its results for the half year period ended 30th September 2025. Group-wide service revenue was up by 11.1% YoY to...

KCB Group Plc has signed an agreement to acquire a minority stake in Pesapal Limited, pending regulatory approval. Pesapal, a Payment Service Provider (PSP) licensed by the Central Bank of Kenya (CBK),...

Jubilee Holdings’ subsidiary, Jubilee Asset Management Limited (JAML), has crossed the KES 20 billion mark in Assets Under Management (AUM) for its retail investment funds business, supported by rising investor confidence in...

Manufacturing firm, Carbacid Investments Plc, has reported strong financial results for the period ending July 31 2025, with revenue reaching KES 2.099 billion, up a marginal 1.6% year-on-year. Profitability saw a more...

NSE-listed investment firm Olympia Capital Holdings recorded a 3.2% increase in profit attributable to shareholders in the six months ended 31 August 2025 to KES 14.4 million from KES 13.9 million in...

KenGen posted solid financial results for the year ended June 30, 2025, underscoring its central role in powering Kenya’s economy while advancing the nation’s clean energy transition.

Equity Group’s nine-month after-tax profit grew 32.2% to KES 54.1 billion, from KES 40.9 billion in Q3 2024, buoyed by a 16.1% increase in Net Interest Income (NII).  Net Interest Income totaled...

Airtel Africa data customers grew by 18.4% YoY to 78.1 million, with data revenue growing by 38% to USD 1.161B, nearly 40% of gross revenues.

Limuru Tea Kenya Plc has made announcement on two key changes in its leadership, effective October 15, 2025. According to the public announcement, the company has appointed Mr. Rajiv Bandaranayake and Mr....

In the first six months ended June 30, 2025, Family Bank recorded a stellar performance with net profit rising 38.6% to KES 2.3 billion from KES 1.7 billion in a similar period...

The launch of the new EABL medium-term note comes shortly after the brewer announced the early redemption of its KES 11 billion medium-term note issued in October 2021.

According to a public announcement notice issued by WPP Scangroup Plc, Ms. Akua Brayie Owusu-Nartey has been appointed as the company’s Chief Executive Officer (CEO) by the Board of Directors’, and is...

Kenya Airways Plc (KQ) has formally announced the resignation of Mr. John Wilson from its Board of Directors, effective 9th October 2025.

Victoria Commercial Bank is fully committed to aligning its lending with Kenya’s Green Finance Taxonomy (KGFT), introduced by the Central Bank of Kenya,

On September 25th 2025, a Memorandum of Understanding (MOU) was signed between Equity Group Foundation (EGF) and the WorldQuant University (WQU), which rolled out a framework for cooperative activities in quantitative learning....

Listed electric power supplier Kenya Power and Lighting Company (KPLC) has recorded an 18.7% decline in after-tax profit for the financial year ended June 30, 2025, to KES 24.47 billion compared to...

Regulated Savings and Credit Co-operatives (SACCOs) recorded a robust performance in 2024 as total assets crossed the KES 1 trillion mark for the first time, with significant growth across deposits, loans, membership,...

Newly listed manufacturing firm Shri Krishana Overseas PLC has recorded a 70.4% decline in after-tax profit to KES 2.03 million for the six months to June 2025 from KES 6.85 million in...

Unga Group strengthened its relationship with customers, farmers, and trade partners, demonstrating its dedication to quality and safe products.

This visit comes at a time when NCBA Kenya has achieved a significant milestone in expanding its footprints across the country by recently opening its 100th branch.

East African Portland Cement Company (EAPC), was directed by Kenyan lawmakers on Tuesday to repurchase its shares from Swiss Multinational Holcim. This parliamentary instruction came after Holcim sought to exit and agreed...

Commercial lender, Standard Chartered Bank Kenya Plc, has issued a profit warning, forecasting a 25% drop in net earnings for the year ending 31 December 2025, compared to the year ended 31...

Dr. James Mwangi, Chief Executive Officer (CEO) for Equity Bank Group, seeks to widen the banks operations by entering into the Ethiopian market.

Energy firm TotalEnergies Marketing Kenya PLC has recorded a 17% growth in after-tax profit to KES 1.1 billion in the six months ended June 2025 from KES 938.5 million in the same...

Regional Insurance solutions provider Jubilee Holdings Ltd has recorded a 21.7% increase in net earnings to KES 3.1 billion in the six months ended June 2025, on the back of increased insurance...

  Listed tyre manufacturing and property investment firm Sameer Africa PLC  has reported a 20.4% decline in net earnings for the first half of 2025 to KES 86.7 million despite a 14.3%...

  Transport and logistics company, Express Kenya Ltd has reported a reduced loss for the first half of 2025, reflecting improved performance compared to the same period last year. The firm reported...

Kenya Mortgage Refinance Plc has reported a decline in profits, as a result of, among other factors, a rise in funding costs which can be attributed by the rise on interest expense...

Listed lender Standard Chartered Bank Kenya has recorded a 21% decline in after-tax profit to KES 8.1 billion in the first six months ended June 30, 2025, down from KES 10.2 billion...