Companies

START UPS18 May

Nine startups pitch to investors at Safaricom Spark Accelerator Demo Day

The second cohort of start ups admitted to Safaricom Spark Accelerator showcased their innovations to investors in a bid to secure funding to scale their solutions.

SBM Bank Q1 pretax profit surges 20-fold to Sh246m

SBM Bank Limited has reported a 20-fold increase in pre-tax profits to Sh246m for the first quarter ended March 31, 2025, up from Sh12m reported during the same period a year earlier.

EARNINGS5 May

Greenspan Mall rental income rises 14.6% to Sh222m

Greenspan Mall grew its rental income by 14.6% to Sh222.4m for the year ended December 31, 2025 driven by improved occupancy rate and rent escalations as per the agreed leases.

EARNINGS16 Apr

Wananchi Group report a profit of Sh1.8bn in 2025

Wananchi Group, the parent company of Pay-TV and internet provider Zuku and enterprise connectivity provider Simbanet, has reported a revenue of Sh9.2 billion and a net profit of Sh1.8 billion for the year ended December 31, 2025.

EARNINGS14 Apr

How SBM Bank’s Busara App turns kids’ tasks into real money habits

SBM Bank Kenya recently launched the Busara App, a kids banking app that turns everyday tasks into real money habits by giving children an engaging space to earn, save, spend and understand money, with parents in control, every step of the way.

FINANCIAL LITERACY1 Apr
CONSUMER GOODS9 Mar

CFAO Mobility Kenya commits Sh48.5m to the 2026 WRC Safari Rally

CFAO Mobility Kenya has committed Sh48.5 million to support the 2026 WRC Safari Rally.

(Left - Right) CFAO Mobility Kenya Managing Director Mr. Arvinder Reel, WRC Safari Rally Kenya Chairman Mr. Charles Gacheru and Principal Secretary for Sports Mr. Elijah Mwangi
PEOPLE MOVES3 Mar

BAT Kenya MD and CFO to exit in leadership changes

BAT Kenya has announced that its managing director and finance director will depart within months of each other, with internal candidates selected to replace both as part of a planned leadership transition

BAT Kenya's offices in Industrial Area, Nairobi
PROFIT WARNING26 Feb

Limuru Tea issues profit warning on rising labour costs and weak tea prices

Limuru Tea has issued a profit warning, projecting that profits will fall by at least 25 per cent compared to the previous period. The decline is driven by rising labour costs and weak tea prices.

TURKANA OIL26 Feb

Gulf Energy secures $15m drilling rig in bid to pump first crude by December

Gulf Energy E&P BV, has leased a $15 million drilling rig from a Chinese contractor in the UAE and is shipping it to Turkana County in a bid to extract first oil from South Lokichar Basin by December 2026.