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Eaagads Swings to KSh 4.39Mn Interim Profit as Costs Drop and Output Rises
Eaagads has swung back to profit in the six months to September 2025, posting Ksh 4.39M after a Ksh 15.14M loss last year.
In the Markets Last Week: Indices Fall, Foreign Outflows Persist, Uchumi Tops 535% YTD
Uchumi gained 45.95% this week and lifted its YTD performance to 535%, the strongest on the exchange. Portland rose 19.77% while Carbacid, Olympia and KCB led declines. All major NSE indices fell, with NASI down 3.65% and NSE 25 down 3.90%. Turnover dropped 17% to KSh 3.17B. Foreign investors posted a KSh 619.9M net outflow as Safaricom, KCB, EABL, Equity and BK Group dominated liquidity.
Listed Banks Hit Record KSh 269Bn in Pre-Tax Profits on Higher Lending Income
NSE listed banks delivered a record-breaking performance in the first nine months of 2025, with pre-tax profits rising 10% to KSh 269 billion and net profit growing 11% to KSh 205 billion. This historic result was powered by a 13% surge in net interest income to KSh 425.5 billion, which decisively offset a 4.1% contraction in non-funded income. Equity and KCB solidified their market dominance, contributing nearly half of all sector income and profits. The sector also showed improved health as loan growth (6.28%) outpaced the rise in non-performing loans (2.03%), indicating stronger underlying asset quality even as the industry navigates a clear shift toward lending-driven revenue.
Afreximbank Raises US$ 527mn in Second Samurai Bond Transactions
Afreximbank has closed its second Samurai bond transaction, securing a total of JPY 81.8 billion (approx. USD 527 million) through Regular and Retail Samurai Bonds
Rushbox Acquires BuyRentKenya in Strategic Real Estate Expansion
BuyRentKenya has been acquired by African proptech firm Rushbox Ltd. in a deal that signals renewed consolidation in the region’s digital real estate sector.
Ruto Leans on Private Capital as Kenya Shifts Gears in Roads Funding
President William Ruto has renewed his push for private investment in Kenya’s road network, saying the country can no longer rely on the national budget and costly borrowing
Court Axes Restrictions For Farmers Sharing Indigenous Seeds
The High Court has struck down key provisions of the Seed and Plant Varieties Act, reshaping the regulatory landscape that has governed how farmers save, exchange, and market indigenous seed
Kenya Lost KSh 29.9bn to Cybercrime in 2025 as Attacks Intensify
Kenya recorded cyber-related losses of KSh 29.9 billion this year as attacks grew in frequency, sophistication and economic impact, according to a new industry assessment by cybersecurity firm Serianu.
A Glimpse of Bitcoin's Safe-Haven Potential?
So, is Bitcoin a safe haven from market turmoil? There's no definitive answer- not yet. Sometimes it acts like one; most of the time, it doesn’t.
Portland and Uchumi Extend Strong Runs as KCB Drives Friday Trade
Uchumi rises to KSh 1.04 after touching 1.12, pushing YTD gains past 500%. Portland climbs 9.86% to KSh 78.00 as interest stays strong. Turnover reaches KSh 570M led by KCB and Safaricom. Foreign buys hit KSh 32M and sells KSh 107M. NASI is up 0.46%. BK Group, TotalEnergies and Portland lead gainers while Centum and Standard Group top the losers.
Treasury Targets Long-Term Funding in Ninth FY25/26 Bond Reopening
Kenya has opened its ninth reopening of FY25/26, offering KSh 40B across the 30-year SDB1/2011/030 and 25-year FXD1/2021/025. The December auction pushes issuance into the long end of the curve as the Treasury strengthens its front-loaded strategy ahead of heavy 2026 maturities. The sale follows strong November activity that lifted cumulative bond proceeds to about KSh 598B before December bidding begins.