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Umeme share price dip after reporting half year loss

  • Umeme shareholders' funds drops to Sh2.53B after reporting a loss in the half year ended 30 June 2025.
  • Kenya Re closes 8.4% down after suspension of MD
    Kenya Re was the top loser today, shedding Sh0.29, or 8.4%, after the managing director, Hillary Wachinga, was suspended earlier today by the company. Stanchart Kenya shares dropped by Sh8, or 2.7%, after Supreme Court dismissed their case against 629 former employees.
    Jubilee Holdings share price rose slightly by Sh0.50, or 0.16%, following the news that the company will be selling all its shares in the general insurance business to Sanlam Allianz Proprietary Limited.
  • BREAKINGNEWS
    Stanchart Kenya lose bid to stop Sh7bn payout to retirees
    The Supreme Court has dismissed Standard Chartered Kenya's appeal bid in its dispute with 629 former employees citing lack of jurisdiction. This leaves the bank with an estimated Sh7.09bn payout liability to the former employees.
  • Kenya Re falls 9% to Sh3.12
    Kenya Re share price has dropped by Sh0.34, or 9.8%, to Sh3.12 in early trading after suspending its managing director, Hillary Wachinga, pending internal review.
  • BREAKINGNEWS
    Jubilee Holdings sell 34% stake in general insurance business
    Jubilee Holdings has entered into an agreement with Sanlam Allianz Africa Proprietary Limited for the sale of all its shares in general insurance business across Kenya, Uganda, Tanzania, Burundi and Mauritius by exercising its put option rights under their current commercial arrangements with Sanlam Allianz Africa Proprietary Limited.
    The transaction is subject to regulatory approvals and upon completion, Jubilee Holdings will cease to hold any interests in general insurance business.
    In 2021, Allianz acquired 66% stake in Jubilee general insurance business across Kenya, Uganda, Tanzania, Burundi and Mauritius.
    Sanlam Allianz Africa Proprietary Limited is a joint venture between Sanlam Emerging Markets and Allianz and owns 57% of Sanlam Kenya, through its subsidiary Hubris Holdings.
  • BREAKINGNEWS
    Kenya Re suspend MD Hillary Wachinga for 21 days
    Kenya Re has suspended Hillary M. Wachinga from his position as managing director for 21 days effective 3rd September 2025. The decision was made by the board following a preliminary review of internal matters which is currently ongoing.
    The board has appointed Nicodemus Gekone, General Manager Property & Investment, to serve as acting Managing Director during this period.
  • African Originals report Sh10.3m profit
    African Originals Limited, the parent of Savannah Beverages - the makers of Kenyan Originals beverage, have reported a profit of Sh10.3m for the year ended 31 December 2024 according to latest filings by the company. This is an improvement in performance compared to the Sh35m loss they reported during the same period in 2023.
    African Originals raised Sh260m in Series A funding round last year led by Phoenix Beverages Limited, who are the top shareholders owning 34.9% stake in the company.
    Bloomberg reported in April that African Originals is looking to raise more funds to fund expansion to meet growing demand of its products. The company entered Uganda earlier this year.
  • KCB Group shares down 5% in early trading
    KCB Group share price has dropped Sh2.75, or 5.1%, to Sh51 in early trading today. This is after closing its books for the interim dividend(Sh2.00) and special dividend(Sh2.00).
    The dividend is payable on or about 11th November 2025.