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Family Bank, Absa Bank report first half 2026 results

  • Absa Bank reported a 10% drop in half year profit to Sh10.5 billion and raised interim dividends to Sh0.50.
  • Family Bank half year profits surged 62% to Sh3.7 billion on higher income.
  • Sunveat Foods Limited crosses 300 million sales
    Sunveat Foods Limited, the biscuit maker behind digestive, nice among other biscuit brands, celebrated crossing 300 million in sales. The company has been operating for almost 13 years.
    Sunveat Foods Limited, the biscuit maker behind digestive, nice among other biscuit brands, celebrated crossing 300 million in sales. The company has been operating for almost 13 years.
  • I&M Burbidge Capital acted as advisor in Goodlife Pharmacy sale.
    I&M Burbidge in partnership with Nedbank acted as financial advisor to Leapfrog Investment in its sale of Goodlife Pharmacy to CFAO Healthcare.
    The deal, whose value was undisclosed, was the largest PE-led retail pharmacy exit for sub-Saharan Africa outside of South Africa.
  • Kalahari Cement to acquire 29pc stake in East Africa Portland Cement
    Kalahari Cement is looking to acquire 29.2 per cent stake in East African Portland Cement held by Associated International Cement Ltd and Cementia Holding AG at Sh27.30 per share subject to regulatory approval.
    East African Portland Cement share price jumped 10 per cent to Sh52.25 in early trading on Friday following the news before retreating and closing the day at Sh50.75.
  • Dominic Grainger exits Scangroup's board
    Mr. Dominic Grainger resigned from WPP Scangroup's board effective 31st July 2025 after serving on the company's board since 2018. His exit from the board comes following his resignation as CEO, WPP Specialist Communication (UK).
    WPP Scangroup has made leadership changes recently that saw Patricia Ithau exit as CEO with Miriam Kaggwa taking over as Interim CEO. The company is looking to fill the CEO position having posted the vacancy to potential candidates earlier this week.