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Kengen opens down 5% after 20% drop in half year profit

  • Kengen share price is down 5 per cent in early trading today after reporting a 20 per cent drop in half year net profit of Sh4.2B.
  • Capital Markets Authority issues six licences to financial intermediaries.
  • CIC Group sells land in Kajiado and Tatu City for Sh1.8bn
  • Electric mobility startup Spiro secures $7m debt facility for fleet expansion
    Electric mobility startup Spiro has raised a $7 million (Sh903 million) debt working capital facility from Nithio's FAIR fund.
    The funds will be used to finance the expansion of Spiro's electric motorcycle fleet and battery infrastructure. The debt facility provides working capital to scale operations as the company grows its presence in the electric mobility sector.
    Nithio's FAIR fund specializes in financing clean energy projects in emerging markets.
  • CMA issues six licences to financial intermediaries
    The Capital Markets Authority (CMA) has issued six licenses to banks and financial intermediaries as investment bank, stockbroker, investment advisers and intermediary service platform provider as it aims to deepen Kenya's capital markets.
    The firms licensed include:
    • I&M Capital Limited (Intermediary service platform provider)
    • Horizon Africa Capital Limited (Investment advisor)
    • Arion Capital Limited (Investment advisor)
    • Zamara Actuaries, Administrators and Consultants Limited (Investment advisor)
    • Green Margin Capital Limited (Stockbroker)
    • Rock Advisors Limited ( Investment Bank)
  • KenGen shares fall 5% as net profit drops 20% to Sh4.2bn
    KenGen's share price opened trading today down 5 per cent following the release of financial results showing half-year net profit fell 20 per cent to Sh4.2 billion.
    The profit drop was driven by lower finance income and a higher income tax expense. The Sh4.2 billion profit represents a significant decline from the previous period's earnings of approximately Sh5.3 billion.
  • Sasini up 10 per cent after Sh117m profit
    Sasini share price has surged in early trading rising 10 per cent to Sh19.90 after the company reported a net profit of Sh117 million for the financial year ended September 30, 2025.
    The share price touched a high of Sh29.95, with only 100 shares trading at that price.
  • Carbacid share price up 5.4% after FY25 results
    Carbacid share price is up 5.4 per cent to Sh29.30 after reporting a net profit of Sh1 billion for the year ended July 31, 2025.
    The company also hiked its dividend to Sh2.00 from Sh1.70 it paid last year, subject to approval at the AGM.
    Read full story: Carbacid’s profits rise 19% to Sh1bn despite surge in royalty costs
  • NSE share price surges 9% in early trading
    Nairobi Securities Exchange share price continues to surge, rising 9 per cent to Sh17.60 in early trading on Monday. The stock is up 170 per cent this year.
    Last week, the bourse issued a circular, reminding shareholders, trading participants and other stakeholders of the shareholding requirements applicable to the Exchange under Capital Markets regulations, 2016.