Companies

PEOPLE MOVES3 Mar

BAT Kenya MD and CFO to exit in leadership changes

BAT Kenya has announced that its managing director and finance director will depart within months of each other, with internal candidates selected to replace both as part of a planned leadership transition

BAT Kenya's offices in Industrial Area, Nairobi

Limuru Tea issues profit warning on rising labour costs and weak tea prices

Limuru Tea has issued a profit warning, projecting that profits will fall by at least 25 per cent compared to the previous period. The decline is driven by rising labour costs and weak tea prices.

PROFIT WARNING26 Feb

Gulf Energy secures $15m drilling rig in bid to pump first crude by December

Gulf Energy E&P BV, has leased a $15 million drilling rig from a Chinese contractor in the UAE and is shipping it to Turkana County in a bid to extract first oil from South Lokichar Basin by December 2026.

TURKANA OIL26 Feb

Leapfrog's Fund agrees to sell its 24% stake in ICEA Lion

LeapFrog Strategic Africa Investments (LSAI) has agreed to sell its 24 per cent stake in ICEA Lion Insurance Holdings as part of a strategic review to redeploy capital into higher-return opportunities.

EQUITY DEALS17 Feb

Gulf Energy seeks parliamentary nod for $6bn Turkana Oil Project

Gulf Energy has committed to invest $6 billion in the South Lokichar oil project and is pushing for parliamentary approval to begin crude production by December 2026.

TURKANA OIL13 Feb
EARNINGS11 Feb

Kengen half year profit drops 20% to Sh4.2B

Kengen has reported a 20 per cent drop in net profit to Sh4.2 billion for the half year period to December 31, 2025 due to lower finance income and higher income tax expense.

ECONOMY8 Jan

Co-op Bank, Roam among Kenyan firms ranked as fastest growing in Africa

Co-operative Bank and 10 other Kenyan firms have been ranked among the fastest growing in Africa according to a ranking released by Financial Times and Statista.

EQUITY DEALS8 Dec

Government to sell 15% stake in Safaricom for Sh204.3bn

The government has entered into an agreement with Vodafone Kenya to sell its 15 per cent stake in Safaricom and future Safaricom dividends amounting to Sh55.7 billion for Sh244.5 billion.

EARNINGS8 Dec

Stanchart Kenya Q3 profit drops 38% to Sh9.8bn

Stanchart Kenya has reported a 38.2 per cent drop in net profit to Sh9.8 billion for the nine-month period ended September 30, 2025 on falling operating income and one-off pension payout to former employees.