Companies

EARNINGS12 Aug

KCB Group half-year pre-tax profit up 21% to Sh49.3bn

KCB Group has reported 20.8 per cent growth in pre-tax profits to Sh49.3 billion driven by strong income growth and disciplined cost management.

CMA approves new funds, licences to deepen capital markets

Capital Markets Authority (CMA) has approved new investment funds and licences for market intermediaries, expanding investor choice and strengthening Kenya’s capital markets.

ASSET MANAGEMENT12 Aug

July 2026 updates: manufacturers push back on costs and taxes

Kenyan manufacturers spent July pushing back against higher taxes, rising input costs and import competition as they lobbied for policy changes and sought new markets and greater support for local production

POLICY11 Aug

Firm targets regional pharma market with new Sh330m bottle plant

Milly Glass plans to build East Africa’s first pharmaceutical glass bottle plant at Dongo Kundu at an estimated cost of Sh330.4 million, targeting growing regional demand for medicine packaging.

MANUFACTURING10 Aug

EABL FY26 profits jump 49% to Sh18.2 billion

East African Breweries Limited (EABL) posted a 49 per cent rise in net profit to Sh18.2 billion for the year ended June 30, 2026, driven by strong revenue growth and lower finance costs.

EARNINGS6 Aug
EARNINGS5 Aug

Acorn REITs half-year profits fall 31% to Sh314.3m

Acorn's student accommodation REITs posted a combined 31 per cent drop in half-year profit to Sh314.3 million for the period ended June 30, 2026 as higher financing costs at the D-REIT outweighed stronger earnings from the I-REIT.

FUNDING3 Aug

Kenya insurtech startups attract Sh8.6bn over five years

Kenya's insurtech startups have attracted Sh8.6 billion in venture capital over the past five years, cementing the country's position as one of Africa's leading innovation hubs

EARNINGS3 Aug

Safaricom Ethiopia Q1 revenue jumps 66% as customer base nears 15 million

Safaricom Ethiopia's first-quarter revenue rose 66.1 percent to Sh5.04 billion, driven by strong growth in data usage, customer additions and M-PESA adoption as the operator edged closer to 15 million customers.

INSURANCE3 Aug

Firm challenges mandatory travel insurance scheme over alleged Kenya Re, Minet roles

A private firm has petitioned the High Court to halt Kenya's Mandatory Inbound Travel Health Insurance Programme, alleging the scheme unlawfully favours selected insurers, including alleged roles for Kenya Re and Minet Kenya, through an unfair and anti-competitive process.