Companies

TURKANA OIL13 Feb

Gulf Energy seeks parliamentary nod for $6bn Turkana Oil Project

Gulf Energy has committed to invest $6 billion in the South Lokichar oil project and is pushing for parliamentary approval to begin crude production by December 2026.

Gulf Energy Group CEO Paul Limoh (left) with Gulf Energy Chairman Francis Njogu and Country Manager Franklin Juma appearing at a Joint Parliamentary Committees of Energy meeting

Kengen half year profit drops 20% to Sh4.2B

Kengen has reported a 20 per cent drop in net profit to Sh4.2 billion for the half year period to December 31, 2025 due to lower finance income and higher income tax expense.

EARNINGS11 Feb

Co-op Bank, Roam among Kenyan firms ranked as fastest growing in Africa

Co-operative Bank and 10 other Kenyan firms have been ranked among the fastest growing in Africa according to a ranking released by Financial Times and Statista.

ECONOMY8 Jan

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.

EQUITY DEALS8 Dec

Stanchart Kenya Q3 profit drops 38% to Sh9.8bn

Stanchart Kenya has reported a 38.2 per cent drop in net profit to Sh9.8 billion for the nine-month period ended September 30, 2025 on falling operating income and one-off pension payout to former employees.

EARNINGS8 Dec
EARNINGS8 Dec

Sidian Bank Q3 profit jump 470% to Sh1.47bn

Sidian Bank Group has reported a 470 per cent jump in net profit to Sh1.47 billion for the nine-month period ended September 30, 2025 driven by strong growth in non-interest income.

EARNINGS8 Dec

Family Bank Q3 profit rises 56% to Sh3.6bn

Family Bank has reported a 56 per cent growth in net profit to Sh3.6 billion for the nine-month period ended September 30, 2025.

EARNINGS24 Nov

Consolidated Bank rebounds to profitability with Sh94.7m Q3 profit

Consolidated Bank Group has reported a pre-tax of Sh94.7 million for the nine-month ended September 30, 2025, a turnaround from the loss of Sh122.4 million in the same period last year

FUNDING24 Nov

Paramount Bank raises Sh332m, clears CBK Sh3bn capital hurdle

Paramount Bank has surpassed the CBK’s Sh3 billion minimum core-capital requirement ahead of the December 31, 2025 deadline after raising Sh332 million in a rights issue.