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Parliament Orders Full Disclosure of Private Power Owners, Lifts Freeze
The measure forms the centerpiece of a parliamentary decision to finally lift a 2-year, 8-month moratorium on new Power Purchase Agreements (PPAs),
DTB's Share Price Hits Four-Year High, Uchumi Surges Again as Co-op Leads Friday's Midday Turnover
Co-op Bank traded at a new high of KSh 25.20 on Friday, leading volume and turnover. Uchumi hit KSh 0.48 and DTB reached KSh 118.00, its highest since 2020. Foreign buys were KSh 14.166 million against KSh 14.998 million sells. Kapchorua posted a 422 percent profit rise, while Williamson Tea cut its loss. NASI was slightly higher at midday.
Kapchorua Earnings Jump 422%, Williamson Narrows Loss in H1 2025
Kapchorua Tea reported stronger H1 earnings with profit up 422 percent to KSh 95.2M as turnover fell 24 percent to KSh 829.9M. Williamson Tea cut its loss to KSh 10.1M from KSh 122.4M, with revenue down 14.8 percent to KSh 1.69B. Both tea giants faced weaker prices, high costs and lower demand. Kapchorua improved margins and cash, while Williamson narrowed losses but stayed negative.
Kenya Outlaws Commercial Surrogacy
Africa Needs More, Not Less, Oil & Gas Production to Develop
Africa has the lowest per-capital emissions of all continents, averaging 1 tonne of CO2 emitted annually by each individual, and it should set its own timelines for the energy transition
AfDB Approves US$ 310mn for FirstRand Bank
The African Development Bank (AfDB) has approved a $310 million financial package to FirstRand Bank, a wholly owned subsidiary of the FirstRand Group
Shanta Gold Faces Local Skepticism as it Unveils US$19 Million Annual Operating Plan in Western Kenya
Shanta Gold Ltd. has projected annual operating costs of about $19 million for its planned Isulu–Bushiangala underground gold mine in western Kenya,
Del Monte Kenya Goes Green with New Solar Installation in Thika
Del Monte, which runs one of the largest agricultural operations in Kenya, has transitioned its pineapple operations in Thika to solar power.
Parliament Removes Ownership Caps for Capital Market Intermediaries
Parliament has approved sweeping reforms to the Capital Markets Act, repealing long standing ownership caps for investment banks, brokers, fund managers and derivatives firms.
Co-op Bank Hits KSh 25.00 on Q3 Results; Uchumi at Five-Year High
Co-op Bank hit KSh 25.00 on Thursday after reporting a 12 percent YoY profit rise and declaring its first interim dividend. Uchumi traded at KSh 0.44, its highest since 2019. Safaricom led turnover with KSh 280 million of the KSh 638 million at midday. Foreign activity showed 64 million in buys and 226 million in sells. NASI slipped 0.15 percent.
EABL's Medium Term Note Raises KSh 16.76 Bn, Attracting 152% Oversubscription
EABL raised KSh 16.76 billion in its first medium term note tranche after recording 152 percent demand.