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Uchumi's Share Price Spikes 600% as Retailer Posts First Operating Profit in 11 Years
Uchumi posted its first operating profit since 2014, reporting 8.8 million shillings for FY25 as rental income and lower overheads supported a narrow turnaround. Sales rose 88% to 123 million, while creditor settlements reached 95% under the restructuring plan. The market reacted sharply, with the share up 200% in November and 617% year-to-date, the strongest performance at the NSE. Net income remains undisclosed and retail operations remain limited.
Bankers’ Union Blocked From Accessing StanChart's Employees' Data
Portland and Uchumi Lead NSE Midday Trade, LAPTRUST I-REIT Dominates Turnover
Uchumi rose 9.9% to extend its 617% YTD rally after reporting its first operating profit since 2014. Portland Cement climbed 9.8% to a new 11-year high as Kalahari lifted its control to 68.7%. Turnover hit 813M, driven by a 600M LAPTRUST I-REIT block.
Government Tenders to Special Groups Double to KSh 57bn in Two Years — KNBS
The overarching trend reveals a programme heavily shaped by fiscal cycles. When government liquidity tightens, AGPO shrinks; when spending resumes, allocations rise.
Kenya Grants Gulf Energy Incentives, Tax Exemptions, to Hasten Turkana Oil Plan
Kenya has granted tax and duty exemptions to Gulf Energy E&P B.V. under a newly signed addendum restructuring the production-sharing contract for Turkana’s Block T7.
KenGen To Lead, Operationalize Kenya's First Nuclear Plant
Kenya has assigned the Kenya Electricity Generating Company (KenGen) to operate the country’s first nuclear power plant, accelerating an ambitious plan to add up to 10 gigawatts of electricity
Building Wealth on the Nairobi Securities Exchange - Just Money Podcast
In the sixth episode of the Just Money Podcast, Our host Just Ivy Africa, sits down with John Collins Mbugua, Senior Analyst at Faida Investment Bank, and Ronny Chokaa, Senior Research Analyst at Capital A Investment Bank, to dispel the myth that investing is only for the wealthy.
Treasury Settles KSh 29.7Bn Tax-Free 2022 IFB, FY25/26 First-Half Redemptions Reach KSh 139.6Bn
The treasury settled the tax-free IFB1/2022/006 today, paying KSh 29.7B in interest and principal. This pushes FY25/26 maturities to KSh 139.6B so far, driven by the large August redemption of FXD1/2023/002 and September’s IFB1/2013/12 payout. Another KSh 25.2B falls due on 8 December across three FXD2/2010/15 tranches.
Over 40% of Bolt’s Motorbike Fleet Now Electric, Making it Nairobi’s Largest EV Ride-hailing Provider
Bolt, the leading on-demand mobility platform has today announced a major milestone in Kenya’s transition to greener urban mobility, with electric motorbikes now making up over 40% of its motorbike fleet, making it the largest supplier of electric bikes in the ride-hailing industry countrywide.
Uchumi and Portland Lead December Open as Safaricom Drives Turnover
Uchumi trades at KSh 1.18, extending its 594% YTD gain after a strong November. Portland rises to KSh 84.75, its highest since 2014. Turnover hits KSh 483M led by Safaricom at KSh 323M. Foreign buys total KSh 38.4M and sells KSh 323M. Top movers include Nation Media, Uchumi and Portland. Eaagads posts a profit and NBV narrows its HY loss.
Food Inflation is Still Kenya’s Biggest Pressure Point
Kenya’s inflation eased slightly to 4.5% in November 2025, but food prices remained the biggest pressure point. While overall CPI rose just 0.2% month-on-month, key staples recorded notable increases: onions up 4.9%, kale up 2.7%, and beef up 1.5%. Food inflation stood at 7.7% year-on-year, contributing more than half of total inflation. Electricity costs declined and fuel prices remained unchanged, helping stabilize overall inflation, but the data shows household budgets continue to feel the most strain from everyday food items.