Finance & Markets
Hemas Holdings completes acquisition of 75% stake in Twiga Stationers for Sh2.86bn
Sri Lanka's Hemas Holdings has completed the acquisition of a 75 percent stake in Twiga Stationers, the Kenyan manufacturer of the Kasuku and Crownbird stationery brands, in a deal valued at Sh2.86 billion ($22 million).
Absa Group to raise Kenyan unit stake to 72% after tender offer
Absa Group Limited has fallen well short of the target it set for a tender offer to minority shareholders of Absa Bank Kenya PLC, picking up only about 21 per cent of the shares it had offered to buy, lifting its stake in the Kenyan unit up to roughly 72 per cent.
Absa Bank Kenya half-year profit fell 10% to Sh10.5B
Absa Bank Kenya’s net profit fell by 9.8 percent to Sh10.5 billion in the six months ended June 2026 due to lower interest income and foreign exchange trading income.
Liberty Kenya half-year profits fall 46% to Sh231m
Liberty Kenya Holdings Plc has reported a 46 per cent drop in half year earnings to Sh231 million due to lower investment income.
Absa Group agrees to sell 63.32% stake in First Assurance, Absa Life Assurance
Absa Group has agreed to sell its majority stakes in Absa Life Assurance Kenya and First Assurance Kenya Limited as the lender retreats from direct insurance ownership across Africa.
