Companies
Revital Healthcare seeks Sh1.3bn IFC loan for Dongo Kundu expansion
Kenyan medical-device manufacturer Revital Healthcare (EPZ) Ltd is seeking up to $10 million (about Sh1.3 billion) from the International Finance Corporation (IFC) to finance a new medical kitting and healthcare logistics facility at Dongo Kundu in Mombasa.
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.
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.
