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Sasini up 10 per cent after Sh117m profit

  • Sasini share price is up 10 per cent in early trading today after reporting a net profit of Sh177m.
  • Kakuzi half year profits drop 15% to Sh295M
    Listed agricultural firm Kakuzi, saw its half year profit dip 15 per cent to Sh295.5 million due to lower operating income which dropped by 10 per cent from Sh486 million last year to Sh435 million.
    • Sales: +29% to Sh1.5B.
    • Profit after tax: -14.9% to Sh295.5M.
    • Earnings per share: -14.9% to Sh15.08.
    • No interim dividends.
  • Prime office occupancy rates up 5%
    The office market showed resilience during the first half of 2025, with prime office occupancy rates improving from 72.7 per cent at the start of the year to 77.7 per cent by June, according to a report by Knight Frank Kenya.
    The market’s demand is largely driven by activity from coworking operators and business process outsourcing (BPO) firms.
    Grade B buildings continued to struggle with pressure from new office buildings and challenging economic conditions.
    USAID funding disruption created some vacancies in properties heavily reliant on NGO tenants, though this remains a property-specific rather than market-wide issue.
  • CBK eyes Sh50bn from infrastructure bonds tap sale
    The Central Bank of Kenya has reopened a three-day tap sale of 2 infrastructure bonds it sold earlier this month, looking to raise Sh50 billion.
    Investors offered Sh323 billion in the earlier sale of the bonds with CBK turning down most of the offered funds, accepting only Sh95 billion.
  • Family Bank half year profits rise 39% to Sh2.3bn
    Family Bank half year profits grew 39 per cent to Sh2.3 billion driven by strong growth in operating income which grew 33 per cent to Sh9.6 billion.
    Earlier this year, the mid-tier bank announced plans to list its shares at the Nairobi Securities Exchange by early 2026 after a weak rights issue performance last year.
  • Sidian Bank half year profits surge 355% to Sh1bn.
    Sidian Bank's half year profits rose by 355% to Sh1 billion largely driven by growth in operating income which grew 82% to Sh3.6 billion.
    Loan book saw slight growth, rising 5 per cent to Sh26.9 billion as customer deposits jumped 71 per cent to Sh59.9 billion.
    Centum, through their vehicle Bakki Holdco Limited, hold 14 per cent of the company. This is after selling 64 per cent stake for Sh3.2 billion in 2023 and undergoing a series of dilutions resulting from several rights issues conducted by the bank.
  • HewaTele raises Sh1.36bn from PE firm AfricInvest
    HewaTele, a Kenyan company producing medicinal oxygen, has raised Sh1.36bn in debt from PE firm, AfricInvest.
    The company raised Sh2.5bn in December last year to build a medicinal oxygen production facility at Tatu City.
  • Liberty Kenya Holdings exits Heritage Insurance Tanzania at Sh28M loss
    Liberty kenya Holdings received Sh492 million for their 60% stake in Heritage Insurance Tanzania(net of legal fees and capital gains tax).
    The Group's share of Net Asset Value as at the date of sale was Sh520 million resulting into a loss of Sh28 million.