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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.
  • BOC Kenya share price continues to rise
    BOC Kenya shares were up 9.2 per cent tody to close the day at Sh109.75. The share is 22 per cent up since releasing its half year results where it reported a 170% rise in profits.
  • BREAKINGNEWS
    Kenya Airways report half year loss of Sh12.15 billion.
    Kenya Airways has reported a half year loss of Sh12.15 billion, down from the Sh513 million profit it reported last year.
    Passenger numbers and cargo volumes declined 14 per cent and 8 per cent repectively as compared to the same period last year.
  • 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