Companies

EQUITY DEALS14 Aug

Absa Group agrees to sell 63.32% stake in First Assurance, Absa Life Assurance

Absa Group has agreed to sell its majority stakes in Absa Life Assurance Kenya and First Assurance Kenya Limited as the lender retreats from direct insurance ownership across Africa.

Kakuzi steps up AI adoption across its operations

Kakuzi is accelerating the use of artificial intelligence and other digital technologies across its operations as it seeks to improve efficiency and adapt to increasingly unpredictable weather patterns.

ARTIFICIAL INTELLIGENCE13 Aug

Car & General half-year profit quadruples to Sh2.6bn

Car & General’s half-year profit surged to Sh2.6 billion as regional sales growth and stronger earnings from Watu boosted performance.

MANUFACTURING13 Aug

Sanlam Allianz Holdings’ half year profit dips 7.4% to Sh124.6m

Listed non-bank financial services provider Sanlam Allianz Holdings (Kenya) Plc has reported a 7.4 per cent drop in net profit to Sh124.6 million for the six month period ended June 2026.

EARNINGS13 Aug

Co-op Bank half-year profit jumps 28% to Sh18bn

Co-op Bank posted a record Sh18bn half-year profit, up 28 per cent from Sh14.1 billion a year earlier, on higher operating income and strong lending growth.

EARNINGS13 Aug
EARNINGS12 Aug

KCB Group half-year pre-tax profit up 21% to Sh49.3bn

KCB Group has reported 20.8 per cent growth in pre-tax profits to Sh49.3 billion driven by strong income growth and disciplined cost management.

ASSET MANAGEMENT12 Aug

CMA approves new funds, licences to deepen capital markets

Capital Markets Authority (CMA) has approved new investment funds and licences for market intermediaries, expanding investor choice and strengthening Kenya’s capital markets.

POLICY11 Aug

July 2026 updates: manufacturers push back on costs and taxes

Kenyan manufacturers spent July pushing back against higher taxes, rising input costs and import competition as they lobbied for policy changes and sought new markets and greater support for local production

MANUFACTURING10 Aug

Firm targets regional pharma market with new Sh330m bottle plant

Milly Glass plans to build East Africa’s first pharmaceutical glass bottle plant at Dongo Kundu at an estimated cost of Sh330.4 million, targeting growing regional demand for medicine packaging.