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Absa Group to raise stake in Kenyan unit to 72%; Equity Bank reports half year results

  • Equity Group Holdings to release its half year earnings report this morning before markets open.
  • Absa Group will raise its stake in Absa Bank Kenya to about 72 per cent after buying 189.4 million shares in a tender offer at Sh34.50 each.
  • Minority shareholders tendered 189,981,668 shares, of which 189,380,644 were accepted, representing about 21 percent of the maximum number of shares targeted in the offer.
  • CBK seeks Sh60bn from reopened bonds
    Central Bank of Kenya has reopened three treasury bonds seeking to raise Sh60bn for budgetary support.
  • BREAKINGNEWS
    HF Group's half year profits rise 135%
    Hf group's half year earnings grew 135 per cent to Sh624 Million driven by strong net interest income.
  • Old Mutual Holdings half year profits fall 98%
    Old Mutual Holdings has posted a 98 per cent drop in its half year earnings, with profits dropping from Sh327 million to Sh5 million for the half year ended June 2025.
  • Norfund invests in Kensta Group
    Norfund has made a minority equity investment in Kensta Group, supplier of raw materials to the printing & packaging industry, for an undisclosed amount.
    Norfund's investment will fund the company's expansion into manufacturing sanitary pads in Uganda.
  • Makini: Parents prefer international curriculum to CBE
    In its briefing to investors, AdvTech Group, the owner of Makini Schools and Crawford International Schools, said that their highly priced Makini Cambridge International curriculum continues to experience strong demand, with parents choosing it over the Kenyan syllabus
  • WPP Scangroup to lay off staff
    Scangroup has initiated a redundancy exercise looking to reduce its workforce.
    “We have issued notices of redundancies and are currently in the consulting period to determine who we need for the business, not just now but also in the future,” WPP Scangroup interim Chief Executive Officer Miriam Kaggwa told the Business Daily.
  • Energy CS sets up team to fast-track commercialization of oil
    The Cabinet Secretary of Energy and Petroleum, Opiyo Wandayi has appointed a 35-member committee to fast track the commercial development of oil discoveries in in Block T6 and Block T7, leading to Full Field Development and the creation of a crude oil export route.