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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.
- 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.
- BREAKINGNEWSSanlam Allianz Holdings (Kenya) posts 7.4% drop in half year profitListed Non-Bank financial services provider Sanlam Allianz Holdings (Kenya) Plc has reported a 7.4 per cent drop in half year profit to Sh124.6 million for the six month period ended June 2026 on the back of higher claims and lower investment returns.
- BREAKINGNEWSKCB Group posts 20.8% growth in HY pre-tax profit to Sh49.3bnKCB Group has reported 20.8 per cent growth in pre-tax profit to Sh49.3 billion.The board has recommended an interim dividend of Sh3.00 per share to be paid on or about 10th November 2026 to shareholders on the register as of 2nd September 2026.
- BREAKINGNEWSCo-op Bank posts record Sh18bn half-year profitThe Co-operative Bank of Kenya has posted an impressive 28 per cent growth in profit after tax to Sh18 billion, from Sh14.1 billion reported a year earlier.The lender posted its highest-ever half-year profit, setting a new earnings record on the back of stronger interest income and growth in non-interest income.More updates to follow...
