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.

12 Aug14:42
BREAKINGNEWS
Sanlam Allianz Holdings (Kenya) posts 7.4% drop in half year profit
Listed Non-Bank financial services provider Sanlam Allianz Holdings (Kenya) Plc has reported a 7.4 per cent drop in half year profit to Sh124.6 million for the six month period ended June 2026 on the back of higher claims and lower investment returns.
12 Aug11:05
BREAKINGNEWS
KCB Group posts 20.8% growth in HY pre-tax profit to Sh49.3bn
KCB Group has reported 20.8 per cent growth in pre-tax profit to Sh49.3 billion.
The board has recommended an interim dividend of Sh3.00 per share to be paid on or about 10th November 2026 to shareholders on the register as of 2nd September 2026.
Read more: KCB Group half-year pre-tax profit up 21% to Sh49.3bn
12 Aug10:51
BREAKINGNEWS
Co-op Bank posts record Sh18bn half-year profit
The Co-operative Bank of Kenya has posted an impressive 28 per cent growth in profit after tax to Sh18 billion, from Sh14.1 billion reported a year earlier.
The lender posted its highest-ever half-year profit, setting a new earnings record on the back of stronger interest income and growth in non-interest income.
More updates to follow...
11 Aug18:37
KCB Group to report HY results tomorrow
KCB Group is scheduled to release its half-year results tomorrow after the market closes.
The lender reported a net profit(attributable to shareholders) of Sh31.5 billion for the half year period ended June 2025 and declared an an interim and special dividend of Sh 4.00 per share
11 Aug18:26
BREAKINGNEWS
CBK maintains benchmark rate at 8.75%
The Central Bank of Kenya maintained its benchmark interest rate at 8.75 per cent, citing rising global energy prices and risks to inflation from the conflict in the Middle East.
Kenya’s economy remained resilient, with first-quarter growth accelerating to 5.3% and private-sector credit expanding 10.2% in July as lending rates fell.
The MPC said it would continue monitoring global oil prices and their potential second-round effects on inflation, as well as developments in the domestic and global economies.
The committee is scheduled to meet again in October 2026.
6 Aug13:30
Peach Cars secure Sh520 million in debt financing
Peach Cars has secured Sh517.6 million in debt financing from two Japanese financial institutions to expand its online vehicle marketplace operations in Kenya.
The funding, provided by Japan Finance Corporation (JFC) and Shoko Chukin Bank, comes a year after Peach Cars raised Sh1.42 billion in a Series A round in June 2025.
The financing will allow Peach Cars to scale its vehicle inspection capacity, expand access to vehicle financing and grow its online marketplace.
6 Aug08:36
Deepseek plans to hike model prices
DeepSeek plans to implement a significant price increase across its artificial intelligence (AI) services.
In a notice posted on Thursday, DeepSeek did not specify the exact increases, other than to call them substantial and urged users to plan accordingly.
DeepSeek-V4-Flash-0731 is currently the second strongest open-weight AI model on the market, behind only the massive 2.8-trillion-parameter model Kimi K3 from Moonshot AI.
DeepSeek-V4-Flash-0731 on average costs Sh3.90 ($3) per task, making it roughly 105 times cheaper than Anthropic’s Claude Fable 5, which costs Sh410 ($3.15) per task