Finance & Markets

EQUITY DEALS37mins ago

KCB Group to acquire minority stake in Pesapal

KCB Group has entered into an agreement to acquire a minority shareholding in payment service provider PesaPal

Carbacid’s profits rise 19% to Sh1bn despite surge in royalty costs

Carbacid Investments reported a 19 per cent growth in profit to Sh1 billion despite facing higher royalty payments payable to the Ministry of Mining and Blue Economy.

EARNINGS31 Oct

Equity Group profits jump 32% to Sh54.1bn in nine months

Equity Group Holdings has reported a 32 per cent jump in profit after tax to Sh54.1 billion for the nine-month period ended September 30, 2025, from Sh40.9 billion reported during the same period last year.

EARNINGS31 Oct

Kengen profits rise 54% to 10.48bn on lower costs

Kengen has reported a 54 per cent growth in net profit to Sh10.48 billion for the year ended 30th June 2025 largely driven by lower operating costs.

EARNINGS31 Oct

Longhorn Publishers widens its losses by 10% to Sh261m

Longhorn Publishers has widened its losses by 10 per cent to Sh261 million for the year ended June 2025 compared to the Sh237.9 million loss it reported last year.

EARNINGS28 Oct
NAIROBI SECURITIES EXCHANGE18 Sept

Foreign investors sell Sh2.86bn NSE blue-chip stocks

Foreign investors on the Nairobi Securities Exchange(NSE) sold off a significant number stocks worth Sh2.86 billion yesterday to lock in profits ahead of US interest rate decision by the Fed.

EQUITY DEALS18 Sept

South African private equity firm invests in Watu

South African private equity firm, Metier, has invested an undisclosed amount in Watu Group, through its fund, Capital Growth Fund III.

PROFIT WARNING16 Sept

Stanchart Kenya shares drop by 4.9% after profit warning

Stanchart Kenya shares dropped 4.9 per cent after the company warned that costs from a pension tribunal ruling will lower profits by at least 25% compared to last year.

EARNINGS16 Sept

Umeme shares fall 5.9% after posting Sh6.1bn half year loss

Umeme share price dropped by Sh0.56, or 5.9 per cent, on Monday after the company reported Sh6.1 billion loss for the half year period ended 30th June 2025