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Kenya Appeals EU Trade Pact Suspension as Exporters Seek Clarity
Kenya has moved to appeal last week’s decision by the East African Court of Justice (EACJ) suspending implementation of the EU–Kenya Economic Partnership Agreement (EPA)
Fuel Retailers Face Hard Deadline as KRA Tightens eTIMS Compliance
Kenya Urges China to Cut Tariffs as Trade Gap Widens
Serena Hotels Operator Issues Profit Warning After Foreign Exchange Windfall Fades
TPS Eastern Africa, the operator of Serena Hotels, has issued a profit warning for 2025, saying earnings will fall by more than 25% as last year’s large non-cash FX gains disappear and weaker regional demand pressures margins. The group posted a KSh 16M half-year loss after revenue dropped 11% and FX gains reversed, signalling a tougher full-year outlook across its markets.
US Ambassador Linda Thomas-Greenfield on Diplomacy and Leadership
Ambassador Linda Thomas-Greenfield, former U.S. Ambassador to the United Nations and a veteran diplomat, has joined the board of Rendeavour
HF Group Q3 Profit Doubles to KSh 988.7Mn, Extending Four-Year Earnings Rebound
HF Group delivered its strongest third-quarter results in almost a decade after net profit doubled to 988.7Mn on higher interest income and stronger fees. Operating income rose to 4.496Bn as deposits and the investment book expanded. Core capital increased fivefold to 9.243Bn while gross NPLs eased, extending the group’s recovery.
Access Bank Kenya Q3 Loss Widens as Core Capital Deficit Grows
Access Bank Kenya reported a deeper third-quarter loss as its capital position weakened further. The lender posted a 783.3M loss, widening from 486.1M last year, after operating income slipped and costs rose to 1.349B. Net interest income grew 47% to 359M but was outweighed by a sharp drop in non-interest revenue. Equity fell 98% to 26.4M as accumulated losses climbed to 3.84B, pushing core capital to a 765M deficit against the 3B CBK requirement due by December 2025. The update comes as the bank awaits integration with National Bank of Kenya following its parent’s acquisition earlier in the year.
NSE Pauses Portland Cement Trading While Uchumi Marks Ninth Straight Gain to 447% YTD
The NSE halts trading in Portland after unverified share-transfer reports tied to the KSh 1.6B NSSF stake deal. Uchumi rises to KSh 0.93, up 447% YTD after nine straight sessions of gains. Turnover reaches KSh 1.57B led by Safaricom and EABL. Foreign buys hit KSh 650.6M, sells KSh 1.147B. NASI slips 1%.
Mobile Money Momentum Cools as Transaction Values Dip in September
Kenya’s mobile money ecosystem showed signs of cooling in September, even as agency networks continued to expand, new data shows.
U.S. Grants Zipline US$150mn to Scale African Drone Operations
The U.S. State Department has approved a grant worth up to US$150 million to Zipline, the American drone-delivery company,
CMA Approves Eight New Investment Schemes
CMA has approved eight new Collective Investment Schemes and sub-funds from Swala Capital, Lofty Corban, Sanlam, XENO, Globetec, Tradiam and Capital A. The move expands regulated investment options as CIS assets surpass KSh 600Bn. The approvals raise Kenya’s total licensed schemes to 57, supporting product diversification and stronger investor protection.