Finance & Markets

EQUITY DEALS3mins ago

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.

Safaricom targets Sh15bn from corporate bond

Safaricom is set to raise up to Sh20 billion in the first tranche of its Sh40 billion medium-term note programme, offering investors an annual interest rate of 10.4 per cent.

FUNDING17mins ago

NCBA Group Q3 net profit up 8.5% to Sh16.4bn

NCBA Group has reported 8.5 per cent jump in net profit to Sh16.4 billion for the nine-month period ended September 30, 2025 on on strong net interest income growth.

EARNINGS24 Nov

Ernst & Young fined Sh10m over Uchumi rights issue role

The Capital Markets Authority (CMA) has fined Ernst & Young (EY) Sh10 million for its role as the reporting accountant during the 2014 Uchumi Supermarkets rights issue, citing serious misrepresentations in the financial statements.

AUDIT20 Nov

Co-op Bank Q3 2025 profit rises 12.3% to Sh21.6bn

Co-operative Bank has reported a 12.3 per cent growth in profit after tax to Sh21.6 billion for the nine-month period ended September 30, 2025.

EARNINGS19 Nov
BUSINESS LIVE3 Nov

Carbacid up 5.4% after FY25 results; NSE continues to surge

Carbacid is up 5.4 per cent in early trading today after releasing its full year results last week. NSE share price continues to rise, up 9 per cent this morning.

EQUITY DEALS3 Nov

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

EARNINGS31 Oct

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.