Companies

FUNDING24 Nov

Paramount Bank raises Sh332m, clears CBK Sh3bn capital hurdle

Paramount Bank has surpassed the CBK’s Sh3 billion minimum core-capital requirement ahead of the December 31, 2025 deadline after raising Sh332 million in a rights issue.

NCBA Group Q3 net profit up 8.5% to Sh16.4bn

NCBA Group has reported 8.5 per cent jump in net profit to Sh16.4 billion for the nine-month period ended September 30, 2025 on on strong net interest income growth.

EARNINGS24 Nov

Ernst & Young fined Sh10m over Uchumi rights issue role

The Capital Markets Authority (CMA) has fined Ernst & Young (EY) Sh10 million for its role as the reporting accountant during the 2014 Uchumi Supermarkets rights issue, citing serious misrepresentations in the financial statements.

AUDIT20 Nov

Prime Bank Q3 2025 profit rises 29.5% to Sh4.4bn

Prime Bank has reported 29.5 per cent growth in after-tax profit to Sh4.4 billion for the nine-month period ended September 30, 2025.

EARNINGS19 Nov

Co-op Bank Q3 2025 profit rises 12.3% to Sh21.6bn

Co-operative Bank has reported a 12.3 per cent growth in profit after tax to Sh21.6 billion for the nine-month period ended September 30, 2025.

EARNINGS19 Nov
RETAIL CHAINS7 Nov

Naivas’ profit rises 43% to Sh2.4bn in 2025

Naivas supermarket chain has reported a 21.6 per cent growth in sales to Sh111.6 billion for the year ended June 30, 2025 driven by new store openings and increased consumer demand.

AFFORDABLE HOUSING3 Nov

Nairobi County Gov’t to build 60,000 housing units in Eastlands

Nairobi County City Government (NCCG) is set to put up about 60,000 rent or buy affordable housing units in Eastlands in the second phase of Nairobi Housing Urban Renewal programme.

EQUITY DEALS3 Nov

KCB Group to acquire minority stake in Pesapal

KCB Group has entered into an agreement to acquire a minority shareholding in payment service provider PesaPal

EARNINGS31 Oct

Carbacid’s profits rise 19% to Sh1bn despite surge in royalty costs

Carbacid Investments reported a 19 per cent growth in profit to Sh1 billion despite facing higher royalty payments payable to the Ministry of Mining and Blue Economy.