Finance & Markets

AUDIT20 Nov

Ernst & Young fined Sh10m over Uchumi rights issue role

The Capital Markets Authority (CMA) has fined Ernst & Young (EY) Sh10 million for its role as the reporting accountant during the 2014 Uchumi Supermarkets rights issue, citing serious misrepresentations in the financial statements.

Co-op Bank Q3 2025 profit rises 12.3% to Sh21.6bn

Co-operative Bank has reported a 12.3 per cent growth in profit after tax to Sh21.6 billion for the nine-month period ended September 30, 2025.

EARNINGS19 Nov

Carbacid up 5.4% after FY25 results; NSE continues to surge

Carbacid is up 5.4 per cent in early trading today after releasing its full year results last week. NSE share price continues to rise, up 9 per cent this morning.

BUSINESS LIVE3 Nov

KCB Group to acquire minority stake in Pesapal

KCB Group has entered into an agreement to acquire a minority shareholding in payment service provider PesaPal

EQUITY DEALS3 Nov

Carbacid’s profits rise 19% to Sh1bn despite surge in royalty costs

Carbacid Investments reported a 19 per cent growth in profit to Sh1 billion despite facing higher royalty payments payable to the Ministry of Mining and Blue Economy.

EARNINGS31 Oct
EARNINGS31 Oct

Equity Group profits jump 32% to Sh54.1bn in nine months

Equity Group Holdings has reported a 32 per cent jump in profit after tax to Sh54.1 billion for the nine-month period ended September 30, 2025, from Sh40.9 billion reported during the same period last year.

EARNINGS31 Oct

Kengen profits rise 54% to 10.48bn on lower costs

Kengen has reported a 54 per cent growth in net profit to Sh10.48 billion for the year ended 30th June 2025 largely driven by lower operating costs.

EARNINGS28 Oct

Longhorn Publishers widens its losses by 10% to Sh261m

Longhorn Publishers has widened its losses by 10 per cent to Sh261 million for the year ended June 2025 compared to the Sh237.9 million loss it reported last year.

NAIROBI SECURITIES EXCHANGE18 Sept 25

Foreign investors sell Sh2.86bn NSE blue-chip stocks

Foreign investors on the Nairobi Securities Exchange(NSE) sold off a significant number stocks worth Sh2.86 billion yesterday to lock in profits ahead of US interest rate decision by the Fed.