Companies

EARNINGS23 Aug

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.

BANKING23 Aug

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.

EQUITY DEALS19 Aug

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.

EARNINGS18 Aug

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.

PEOPLE MOVES17 Aug
EARNINGS17 Aug

Nation Media Group half-year loss widens to Sh357m

Nation Media Group’s net loss widened to Sh357 million in the first half of 2026, compared to Sh41.7 million a year earlier, on lower print revenues.

EARNINGS17 Aug

Liberty Kenya half-year profits fall 46% to Sh231m

Liberty Kenya Holdings Plc has reported a 46 per cent drop in half year earnings to Sh231 million due to lower investment income.

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.

ARTIFICIAL INTELLIGENCE13 Aug

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.