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PEOPLE MOVES1h ago

BAT Kenya MD and CFO to exit in leadership changes

BAT Kenya has announced that its managing director and finance director will depart within months of each other, with internal candidates selected to replace both as part of a planned leadership transition

BAT Kenya's offices in Industrial Area, Nairobi

Inflation falls to 4.3% in February

Annual fall in February driven by lower energy and transport prices.

ECONOMY27 Feb

BAT Kenya pre-tax profits rise 18% to Sh7.7bn despite falling revenues

British American Tobacco Kenya posted 18 per cent rise in pre-tax profit to Sh7.7 billion for the year even as revenues fell 9.8 per cent

EARNINGS26 Feb
PROFIT WARNING26 Feb

Limuru Tea issues profit warning on rising labour costs and weak tea prices

Limuru Tea has issued a profit warning, projecting that profits will fall by at least 25 per cent compared to the previous period. The decline is driven by rising labour costs and weak tea prices.

PROFIT WARNING26 Feb

CIC Group shares slump 17.9% after profit warning

CIC Group shares fell 17.9 per cent after the company issued a profit warning citing non-recurrence of one-off fair value gain of Sh1B and elevated claims.

EARNINGS26 Feb

Longhorn slashes losses by 93% to Sh11m on better margins

Longhorn Publishers has swung closer to profitability, narrowing its half-year net loss to Sh11 million from Sh148.6 million a year earlier

TURKANA OIL26 Feb

Gulf Energy secures $15m drilling rig in bid to pump first crude by December

Gulf Energy E&P BV, has leased a $15 million drilling rig from a Chinese contractor in the UAE and is shipping it to Turkana County in a bid to extract first oil from South Lokichar Basin by December 2026.

Companies

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PROFIT WARNING26 Feb

Limuru Tea issues profit warning on rising labour costs and weak tea prices

Limuru Tea has issued a profit warning, projecting that profits will fall by at least 25 per cent compared to the previous period. The decline is driven by rising labour costs and weak tea prices.

Limuru Tea issues profit warning on rising labour costs and weak tea prices

Limuru Tea has issued a profit warning, projecting that profits will fall by at least 25 per cent compared to the previous period. The decline is driven by rising labour costs and weak tea prices.

PROFIT WARNING26 Feb

Gulf Energy secures $15m drilling rig in bid to pump first crude by December

Gulf Energy E&P BV, has leased a $15 million drilling rig from a Chinese contractor in the UAE and is shipping it to Turkana County in a bid to extract first oil from South Lokichar Basin by December 2026.

TURKANA OIL26 Feb

Leapfrog's Fund agrees to sell its 24% stake in ICEA Lion

LeapFrog Strategic Africa Investments (LSAI) has agreed to sell its 24 per cent stake in ICEA Lion Insurance Holdings as part of a strategic review to redeploy capital into higher-return opportunities.

EQUITY DEALS17 Feb

Gulf Energy seeks parliamentary nod for $6bn Turkana Oil Project

Gulf Energy has committed to invest $6 billion in the South Lokichar oil project and is pushing for parliamentary approval to begin crude production by December 2026.

TURKANA OIL13 Feb

Economy

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ECONOMY27 Feb

Inflation falls to 4.3% in February

Annual fall in February driven by lower energy and transport prices.

Inflation falls to 4.3% in February

Annual fall in February driven by lower energy and transport prices.

ECONOMY27 Feb

Kenya business expectations recover; KCB shares down 5%

Stanbic Bank Kenya PMI showed a near recovery to business conditions; KCB shares down 5% after closing books for interim and special dividends

BUSINESS LIVE4 Sept

Profits surge at Crown Paints; Home Afrika turnaround continues - as it happened

Crown paints half year profits surge; Limuru Tea widen half year losses.

BUSINESS LIVE2 Sept

Inflation rises slightly to 4.5% on higher food, transport costs

Annual rise in August driven by higher food and transport prices.

ECONOMY31 Aug

Finance & Markets

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EARNINGS26 Feb

BAT Kenya pre-tax profits rise 18% to Sh7.7bn despite falling revenues

British American Tobacco Kenya posted 18 per cent rise in pre-tax profit to Sh7.7 billion for the year even as revenues fell 9.8 per cent

British American Tobacco (BAT) Kenya headquarters in Nairobi.

BAT Kenya pre-tax profits rise 18% to Sh7.7bn despite falling revenues

British American Tobacco Kenya posted 18 per cent rise in pre-tax profit to Sh7.7 billion for the year even as revenues fell 9.8 per cent

EARNINGS26 Feb

CIC Group shares slump 17.9% after profit warning

CIC Group shares fell 17.9 per cent after the company issued a profit warning citing non-recurrence of one-off fair value gain of Sh1B and elevated claims.

PROFIT WARNING26 Feb

Longhorn slashes losses by 93% to Sh11m on better margins

Longhorn Publishers has swung closer to profitability, narrowing its half-year net loss to Sh11 million from Sh148.6 million a year earlier

EARNINGS26 Feb

Carbacid half year profits rise 7% to Sh465m

Carbacid has reported a 7 per cent growth in net profit to Sh465 million for the half year period ended January 31, 2026 driven by revaluation gains on equity investment

EARNINGS25 Feb