Britam Grows After-Tax Profit 10% to KSh 5.54 Bn as Claims Costs Erode Underwriting Gains
Britam Holdings Plc posted a decade-high profit before tax of KSh 7.90 billion in FY2025, up 7.8% from KSh 7.33 billion in 2024. Profit after tax rose 10.0% to KSh 5.54 billion, with EPS advancing to KSh 2.18. Insurance revenue grew 10.9% to KSh 41.65 billion, but the insurance service result fell 31.8% to KSh 3.46 billion on Medical and Motor claims pressure. Net investment income of KSh 31.87 billion cushioned the underwriting shortfall. Total assets reached KSh 243.8 billion. No dividend declared. A KSh 5.875 billion share premium reduction, pending shareholder approval, could restore the dividend pathway for the first time since 2019.
Britam Deploys Rare Balance Sheet Tool to End Dividend Drought
Britam Holdings Plc has proposed reducing its share premium account by KES 5.875 billion to eliminate accumulated losses at the parent company level and restore the legal pathway to dividends for the first time since 2019. The board resolved on 30 March 2026 to seek shareholder approval for the reduction, which requires CMA sign-off, a special resolution at the AGM, High Court confirmation, and Companies Registry registration. No cash changes hands. The transaction has no known parallel among NSE-listed operating companies. Britam last paid a dividend of KES 0.25 per share for FY2019.
CIC Insurance Posts 82% Profit Drop as Underwriting Fails
CIC Insurance Group posted a net profit of Ksh 513.8 Mn for the full year ended December 2025, down 82% from Ksh 2.86 Bn a year earlier, as the group's insurance service result swung to a loss of Ksh 176.0 Mn and a Ksh 1.0 Bn property revaluation gain that inflated 2024 earnings was absent. Insurance service expenses grew 16.4% to Ksh 28.21 Bn against premium revenue growth of 11.8% to Ksh 29.46 Bn. Net investment result fell 58.2% to Ksh 1.60 Bn. Asset management revenue was the standout, growing 40.7% to Ksh 1.78 Bn. The board maintained the dividend at Ksh 0.13 per share.
How Kenya Can Navigate Economic Shocks from the Middle East War
Kenya’s current “wait and hope” approach is not economically or politically feasible. Calm and calculated decisions have to be taken to avoid a deeper crisis.
High Freight Costs Spur Kenya-Lusaka Logistics Hub Plan
The proposed Lusaka warehouse is designed to address these structural gaps by enabling cargo consolidation and shared storage infrastructure.
4G Capital Raises US$2Mn to Expand Lending to Small Businesses
4G Capital has secured a US$2 million investment from GIF Growth as the East African fintech moves to scale lending to micro- and small-business owners
Kenya Bets on Copper Boom with Tharaka Nithi Tender
The Ministry of Mining, Blue Economy and Maritime Affairs has opened a tender for the commercial development of copper deposits in Kamacabi, Tharaka Nithi County.
Kenya Tourism Board, Visa, KQ Bet On Discounts To Boost Travel
The Kenya Tourism Board and Visa have launched a joint travel campaign with Kenya Airways offering discounts on domestic and international flights to stimulate travel.
Lessons from Japan's Keiretsu in Building Sophisticated Kenyan Conglomerates
Lessons from Japan’s Zaibatsu and their post-war successors, the Keiretsu, suggest that sophisticated conglomerates can play a central role in strengthening national competitiveness, expanding industrial capacity, and driving innovation.
Afreximbank Raises US$ 2bn in Oversubscribed Three-Year Loan
The African Export-Import Bank (Afreximbank) has concluded a new three-year Dual Tranche Syndicated Term Loan Facility totaling US$2 billion equivalent.
Wells Fargo Gets Away with KSh 14.9mn in Quickmart Heist Dispute
Kenya Sets Stage for Digital Asset Era as Regulations Near Finalization
Kenya is moving toward regulating digital assets through the Draft Virtual Asset Service Providers (VASP) Regulations, 2026, developed by the National Treasury to operationalize the VASP Act of 2025.
