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Flame Tree Swings to KSh 15.9Mn Loss as One-Off Insurance Income Fades
Flame Tree Group swings to a KSh 15.9Mn loss in FY2025 as a KSh 293.6Mn insurance accrual that inflated 2024 earnings fails to repeat. EBITDA rose 18% to KSh 384.5Mn and gross margin hit a 13-year high of 37.8%, but finance costs of KSh 307Mn continue to consume operating gains.
Why Your Next Big Deal Isn’t Happening in a Boardroom but in Kigali This May
For the Kenyan executive, leaving Kigali with a signed agreement requires more than a pitch, it requires a project that is investment-ready and aligned with the new continental mandate of shared regional growth.
Founder & Ex-CEO Bharat Thakrar Leads Minority Push to Oust Entire WPP Scangroup Board
WPP Scangroup founder Bharat Thakrar leads a 13.59% minority bloc in what could be Kenya's first board removal requisition at an NSE-listed company, citing KSh 3.1 Bn in losses, a 62% share price decline, and a KSh 1.2 Bn related-party loan to parent WPP Plc since 2021.
Macron, Ruto Sign Investment Deals Ahead of Summit
France is recalibrating its Africa strategy after being pushed out of the Sahel since 2022, shifting from military-backed influence in West Africa to investment-led partnerships.
Safaricom Share Price Surges 8.4% on Record Results but Banks Fall, Week 20
Safaricom surged 8.42% to KSh 32.20, lifting the NASI 2.10% and adding KSh 71.6Bn to market cap. But banks fell 1.74%, with ABSA down 7.87% and Co-op losing 6.07%, creating the widest market split of the year. CBK reserves rose for the first time in nine weeks to USD 13,414M.
Safaricom to Pay Innovator KSh1.4bn in Copyright Breach Case
The dispute turned on a basic principle of copyright law: while ideas themselves are not protected, the specific way those ideas are expressed can be.
New KCC Posts 4th Loss, Farmers Pocket KSh 53.45 a Litre Above Ruto's Directive
New KCC has posted four consecutive pre-tax losses totaling KSh 4.26 billion, drawn KSh 4.55 billion in government grants since FY2021, and received another qualified audit opinions. FY2025 showed a partial gross margin recovery to 15.4% but the pre-tax loss was KSh 1.44 billion and the auditor again flagged going concern doubt.
CBK Accepts KSh 94Bn in First Triple-Tranche Auction of FY2025/26
CBK accepted KSh 94.04Bn from its May triple-tranche reopening against a KSh 80Bn target, but KSh 57.13Bn in redemptions cut net borrowing to KSh 36.91Bn. FY2025/26 net borrowing reaches KSh 804.66Bn, 91% of the revised KSh 885.9Bn domestic target.
Airtel Money US$ 10Bn IPO Delayed Thrice, US$ 515Mn Deadline Looms Large
Airtel Africa has deferred the Airtel Money IPO to H2 2026, its third delay since the original July 2025 target, blaming market volatility from the war in Iran. Bloomberg values the listing at up to $10Bn with a $1.5Bn to $2Bn fundraise targeted in London. A $515Mn put option held by TPG and Mastercard becomes exercisable around July 2026, framing the IPO as both a strategic milestone and a financial deadline.
Airtel Africa Posts Record US$ 813Mn Profit, Data Overtakes Voice
Airtel Africa delivered its strongest financial performance since its 2019 dual listing in London and Lagos, reporting a 29.5% rise in full-year revenue to US$ 6.42Bn and a record profit after tax of US$ 813Mn.
Dangote Shifts Refinery Plans to Mombasa
Dangote tells the FT he prefers Mombasa over Tanga for a planned 650,000-bpd East African refinery costing US$15-17bn, citing the port's depth and Kenya's larger economy. He deferred the location decision to President Ruto, saying whatever Ruto decides is what he will do.