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Family Bank, Absa Bank report first half 2026 results
- Absa Bank reported a 10% drop in half year profit to Sh10.5 billion and raised interim dividends to Sh0.50.
- Family Bank half year profits surged 62% to Sh3.7 billion on higher income.
- Tata Chemicals Magadi seeks resumption of operationsTata Chemicals Magadi says it has complied with all Ministry requests following the 28 July suspension, but warns the prolonged closure is hurting 500 employees and 30,000 community members who depend on its activities.The company says it has submitted all information requested by Ministry of Mining in connection with the suspension of its mining operations.Mining operations were suspended on July 28, 2026 over alleged non-compliance with mining laws.
- Standard Group secure exclusive EPL rightsStandard Group has secured exclusive radio broadcast rights for the 2026/2027 English Premier League season in Kenya, warning that unauthorized broadcasts will face legal action.The media firm will air the matches on Radio Maisha, Spice FM, and Berur FM.
- Quickmart opens two new 24-hour outletsQuickmart Supermarkets has opened two outlets in Thika and Syokimau in a bid to tap into customers in the wider Nairobi Metropolitan area.The supermarket chain has opened 12 new outlets in the last 12 months, five of which have been within the wider Nairobi Metropolitan region.With the new additions, Quickmart now operates 72 stores countrywide, trailing Naivas which operates 114 outlets.
Branch Store number Makongeni, Thika 72 Diamond, Syokimau 71 Section 58, Nakuru 70 Adams, Ngong Road 69 State House, Nakuru 68 Elgon View, Eldoret 67 Likoni-Ukunda 66 Kenyatta Avenue, Nakuru 65 Kitengela 64 Banana Road, Ruaka 63 Circle Mall, Kilimani 62 Joska 61 Note: Quickmart stores opened in the last 12 monthsCompiled by: Pesa Wall - Liberty Kenya half-year profits fall 46% to Sh231mLiberty Kenya Holdings Plc has reported 46 per cent drop in half year earnings to Sh231 million due to lower investment income.Management attributed the decline to lower investment income which is a significant contributor to the group’s earnings.Net investment income declined by 22.6 per cent to Sh1.68 billion, down from Sh2.17 billion reported during the same period last year.The board did not recommend the payment of an interim dividend.Read more on Liberty Kenya half year results 2026:
- Nation Media Group half-year loss widens to Sh357mNation 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.The Group’s turnover declined by 4.8 per cent to Sh2.85 billion due to lower print revenues.The board did not recommend the payment of an interim dividend.Nation Media Group said it will continue to pursue growth in broadcasting, thought leadership and experiential events while maintaining a presence in commercially viable print media.
- Crown Paints profit rises 11% to Sh486mCrown Paints has reported 11.2 per cent growth in half-year profit to Sh486 million with improved performance attributed to increased sales volume arising from stronger customer demand.The board did not recommend payment of an interim dividend.
- Jumia Group raises Sh6.5bn from IFC, other investorsJumia Group has raised Sh6.5 billion ($50 million) from the International Finance Corporation (IFC) and other investors, including major shareholder Axian Group.The funding will support Jumia’s next phase of growth, improve efficiency in its core markets and expand its marketplace and logistics network.The investors agreed to purchase 9.1 million ADSs at a price of $5.52 per ADS, resulting in expected gross proceeds to Jumia of $50.0 million. The transactions are subject to customary conditions and are expected to close in the second half of August 2026.Jumia Kenya accounted for 15 per cent of the group's physical goods Gross Merchandise Value(GMV) in the second quarter of 2026.
