Finance & Markets

PROFIT WARNING24 Feb

CIC Group shares slump 17.9% after profit warning

CIC Group shares fell 17.9 per cent after the company issued a profit warning citing non-recurrence of one-off fair value gain of Sh1B and elevated claims.

Kenya Power pre-tax profit rises 5.5% to Sh14.8bn

Kenya Power has reported a 5.5 per cent rise in pre-tax earnings to Sh14.8 billion for the half-year period ended December 31, 2025 and declared an interim dividend of Sh0.30 per share.

EARNINGS3 Feb

Sri Lankan firm to acquire 75% stake in Twiga Stationers

The Competition Authority of Kenya (CAK) has cleared Atlas Axillia, a subsidiary of Sri Lanka’s Hemas Holdings, to acquire a 75% stake in Twiga Stationers (the maker of Kasuku and Crownbird books).

ACQUISITIONS26 Jan

EABL CFO Risper Ohaga to step down in June

East African Breweries Limited(EABL) Chief Finance Officer, Risper Ohaga, will step down from her role at the end of June after six years in the role, the brewer announced today.

PEOPLE MOVES14 Jan

Sasini reports a net profit of Sh117m in 2025

Sasini has bounced back to profitability, reporting Sh117 million in net profit for the year ended September 30, 2025 driven record performance from coffee unit.

EARNINGS12 Jan
FUNDING9 Dec

Safaricom’s Sh15bn bond oversubscribed by 175.7%

Safaricom’s five-year bond attracted applications of Sh41.4 billion against the targeted Sh15 billion, an oversubscription of 175.7 per cent.

EQUITY DEALS8 Dec

Government to sell 15% stake in Safaricom for Sh204.3bn

The government has entered into an agreement with Vodafone Kenya to sell its 15 per cent stake in Safaricom and future Safaricom dividends amounting to Sh55.7 billion for Sh244.5 billion.

FUNDING28 Nov

Safaricom targets Sh15bn from corporate bond

Safaricom is set to raise up to Sh20 billion in the first tranche of its Sh40 billion medium-term note programme, offering investors an annual interest rate of 10.4 per cent.

EARNINGS24 Nov

NCBA Group Q3 net profit up 8.5% to Sh16.4bn

NCBA Group has reported 8.5 per cent jump in net profit to Sh16.4 billion for the nine-month period ended September 30, 2025 on on strong net interest income growth.