Corporate News

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...

Housing finance company limited has been reinstated to a mid peer bank following growth in its market share to 1%, underpinned by capital injection by shareholders through a rights issue that raised...

Co-operative Bank Group has recorded 8.4% growth in net profit to KES 14.1 billion in the year ended June 30, 2025, mainly supported by a robust growth in interest and non-interest income....

BAT KENYA STRONG RESULTS DESPITE TOUGH TIMES In the first half of 2025, the company did well despite the economic challenges. There were issues to deal with inflation, tough market conditions and...

In June 2025, BAT Kenya made deliberate pricing decisions to keep select products affordable, balancing consumer needs with profitability

WPP Plc, global leader in marketing communications, has announced a key change in its board of directors on July 31, 2025, marking a significant step in the company’s leadership evolution. Cindy Rose...

Eaagads Limited showed its strength and focus by achieving steady growth for the year ending 31 March 2025. Despite challenges such as global economic uncertainty, changing exchange rates, and climate-related issues affecting...

NCBA, in partnership with the Kenya Association of Manufacturers (KAM), has today hosted a CEOs breakfast forum, themed “Unlocking Growth in Manufacturing through Value Chain Financing” in Nairobi. NCBA Group Director Corporate...

Kenya Leather Development Council CEO Dr. Isaack Noor, reiterated the government’s commitment to creating an enabling investment climate in the new partnership with Equity Bak.

As part of its Africa Recovery and Resilience Plan, Equity Group is redirecting liquidity equivalent to 2% of the region’s GDP toward the private sector, targeting critical value chains in agriculture, manufacturing,...

Equity Group Holdings Plc Managing Director and CEO, Dr. James Mwangi, emphasized the Group’s ability to navigate the challenging global economic landscape while maintaining financial flexibility.

Safaricom’s Chief Enterprise Business Officer, Cynthia Kropac, noted that the investment will “trascend traditional connectivity” by “powering advanced digital services,

HF Group's growth was primarily driven by a 46% increase in net interest income, reflecting improved lending activity and favorable interest rate dynamics.

Absa Bank Kenya's total revenues closed at KES 15.8 billion, impacted by a marginal decline in funded income to KES 11.3 billion and an 11% drop in non-funded income

Equity Group and AGF remain committed to working collaboratively to ensure that this enhanced facility delivers measurable value to the region’s MSMEs

Sanlam has been making strides in improving its financial performance ahead of this rights issue. In 2024, the company reported a profit after tax of KES 1.05 billion

The platform is exclusive and tailored to provide top-tier customers with unmatched benefits across Safaricom’s key products and services.

Bank of Kigali (BK), Rwanda's leading financial institution on Friday released their financial results for the fiscal year ending December 31, 2024. The bank demonstrated strong growth and resilience, driven by strategic...

CIC Insurance Group’s decision to hold its dividend steady at KES 0.13 per share has raised eyebrows among shareholders.

All of HF Group's subsidiaries (HFC, HFDI, and HFBI) remained profitable in FY2024 according to the financial results released by the lender today.

Equity Group posted a Profit Before Tax (PBT) of KES 60.7 billion, marking a 17% increase from the previous year.

I&M Group PLC reported exceptional financial performance for the fiscal year ending December 31, 2024, with significant growth across key metrics despite a challenging macroeconomic environment. The Group’s resilience and strategic focus...

Diamond Trust Bank Group (DTB) has announced its financial results for the fiscal year ending December 31, 2024, showcasing robust performance and strategic growth across its operations in East Africa. The Group's...

In FY2024, NCBA Group achieved notable operational milestones across its business segments, reflecting its strong financial performance.

Kenya Airways Plc (KQ) on Tuesday posted a remarkable turnaround in its financial performance for the Financial Year ending December 31, 2024. The airline posted a profit after tax of KES 5.4...

Riverbank Solutions has been a trusted partner of KCB since 2013, providing agency banking solutions.

NCBA last evening hosted an exclusive dinner at Allen Hotel, Kapsabet, Nandi County, to reaffirm its commitment to supporting women entrepreneurs and strengthening stakeholder relationships. Nandi County’s economy is largely driven by...

Adverse weather conditions and foreign currency fluctuations, coupled with Geopolitical tensions in the Middle East, occasioned a difficult trading environment for listed superfoods producer Kakuzi Plc (NSE: KUKZ)  last year, leading to...

After a five-year hiatus, Kenya Airways (KQ) has resumed trading on the Nairobi Securities Exchange (NSE), marking a significant milestone for the national carrier. The suspension, which began in July 2020, was...

HF Group Plc has continued to demonstrate the success of its transformation strategy with an impressive 105% surge in profit after tax to KES 483 million in Q3 2024. This remarkable performance...

Uber and Safaricom Plc have today launched a partnership that will see riders across Kenya pay for trips through M-PESA.

In 2020, Sama became the first AI data labeling company to receive B Corp Certification, formally committing to create a positive impact for employees, communities, customers, and the planet.

KCB Group CEO, Paul Russo said this platform will guarantee speed, affordability, and reliability of transactions, effectively boosting intra-African trade and payments.

Safaricom Telecommunications Ethiopia added close to 3 million customers and built a distributor network of over 114 outlets

Equity has also continued to deliver efficiency, convenience and flexibility to its customers by investing in the development of innovative digital solutions and products that meet customers’ evolving lifestyles.

Stanbic Holdings Plc has reported an impressive KES 9.1 billion after-tax profit, marking a 26% growth from the previous year

KCB Group Plc has also significantly cut its carbon footprint by 11.25% in its premises across the six countries it operates in, on a deliberate push to reduce carbon emissions from its...

Zenz Technologies will be in charge of implementing a revenue management system for Kenya Airways as the airline maintains optimal operations as markets reopen following the pandemic.

According to Centum's annual report, the MSP portfolio of cash securities, which is managed by Centum's asset management subsidiary Nabo Capital, returned 14% during the period, up from 13.1% in 2021.

NCBA Bank Tanzania is now shifting its focus to serving large corporations while closing excess branches in specific locations.

Kenya airways reported a Kes 9.88 billion half-year loss, which was less than the Sh11.48 billion loss reported in the same period last year.

Joanne Mwangi-Yelbert has been appointed as the new  Chairperson of the Kenya Tourism Board (KTB) for a three-year term, replacing Jimi Kariuki. The appointment announced through a gazette notice dated July 5,...

The study offers an opportunity for the tax contribution of the Kenya banking sector to be quantified and analyzed so that policymakers can assess whether the operating environment is supportive of the...

Once completed, this acquisition will complement KCB Group’s regional footprint with an asset base of Kes. 1.5 Trillion (USD 12.6 billion) and is expected to strengthen the Group’s Retail and Corporate banking...