Companies
ABAK calls for government action over alcohol market controls
The Alcoholic Beverages Association of Kenya (ABAK) has called for urgent government action to tighten controls in the alcohol market, citing growing concerns over product traceability, authenticity and the rising volume of beverages entering the country through parallel import channels
SBM Bank, Safer Power ink Sh2.2bn green energy manufacturing financing deal
SBM Bank Kenya and Safer Power Group have entered into a partnership that will see the bank extend Sh2.2 billion ($17 million) financing to support green energy manufacturing workshop and construction of a factory.
Scangroup half-year loss widens 22% to Sh254m
WPP Scangroup half-year losses widened by 22 per cent to Sh254 million on lower gross profit due to reduced client spending and full year impact of lost client accounts.
SBM Bank expands into Mt. Kenya Region
SBM Bank has opened a new branch in Nanyuki targeting Laikipia's farmers, tourism operators, and businesses with banking services.
Absa Group to raise Kenyan unit stake to 72% after tender offer
Absa Group Limited has fallen well short of the target it set for a tender offer to minority shareholders of Absa Bank Kenya PLC, picking up only about 21 per cent of the shares it had offered to buy, lifting its stake in the Kenyan unit up to roughly 72 per cent.
Absa Bank Kenya half-year profit fell 10% to Sh10.5B
Absa Bank Kenya’s net profit fell by 9.8 percent to Sh10.5 billion in the six months ended June 2026 due to lower interest income and foreign exchange trading income.
Safaricom appoint two Vodacom executives to board
Safaricom has appointed two senior Vodacom executives, Mariam Cassim and Matimba Mbungela, as non-executive directors to its board following Vodacom’s acquisition of a majority stake.
