Limuru Tea Issues Third Straight Profit Warning as Weak Prices Bite
Limuru Tea Plc has issued its third consecutive profit warning, saying FY 2025 profit will fall by more than 25% as rising labour costs and weak tea prices weigh on earnings. The alert marks its fifth warning in a decade and comes amid volatile auction prices and higher national tea output. Limuru joins at least 12 NSE-listed firms that have issued profit warnings over the past year.
European Investment Bank Commits €3.1 billion to Africa in 2025
The European Investment Bank invested €3.1 billion across Africa in 2025 through its development arm, EIB Global, with nearly half of the financing directed toward climate action and environmental sustainability. Funding supported SMEs, renewable energy, water, transport and health projects in countries including Morocco, Nigeria, Egypt and Mauritania. The bank said that the investments align with the EU’s Global Gateway strategy and aim to mobilize additional private capital for sustainable development across the continent.
Carbacid Interim Profit Rises on Valuation Gains as Core Operations Weaken
Carbacid Investments reported a 6.9% rise in half-year profit to KSh 464.96 million for the six months to January 2026, supported by a 3.8% increase in turnover to KSh 976.35 million. Operating profit fell 2.2% as gross margin narrowed to 64% and administration costs rose 15%. Earnings growth was driven mainly by KSh 106.20 million in equity revaluation gains, while operating cash flow declined 24% and cash balances fell after dividend payments exceeded cash generation.MRE Real Estate's KSh 400mn Manyanja Mall Bets on Nairobi’s Neighbourhood Retail Surge
MRE Real Estate has broken ground on a Ksh 400 million mixed-use commercial mall in Eastlands, Nairobi, betting on the continued shift toward neighbourhood retail centresKenya Courts IFC to Structure KShs 5 Trillion Infrastructure Fund
President William Ruto has held talks with the International Finance Corporation (IFC) on plans to establish a National Infrastructure Fund aimed at mobilizing up to KShs 5 trillion for priority projects. The proposed hybrid fund is expected to attract multilateral and private sector capital to finance roads, energy, irrigation and transport, while easing pressure on public debt.APA Insurance's Parent Company Taps EABL CFO Risper Ohaga to Lead Next Growth Phase
Financial services conglomerate APA Apollo, the parent company of APA Insurance, has appointed Risper Ohaga to succeed Ashok Shah, who has led the company for fifty years, as CEO
Del Monte Kenya Commissions KSh 515mn Frozen Facility and Solar Plant
Del Monte Kenya has commissioned a pineapple frozen processing line and an 807kW solar power plant as it seeks to expand its export capacity and reduce its carbon footprint.The KSh 5 Trillion Fund that Must Build Kenya Without Debt
At the heart of the Bill is a brake that the proposed National Infrastructure Fund from issuing bonds, taking bank loans, or leveraging itself to raise capital.Kenya’s Unpaid KSh 3.5bn AFCON Fee Sparks Budget Concerns for 2027
Kenya Added KSh 1.37 Trillion Debt in 2025, Domestic Lenders Carry the Load
Kenya’s public debt increased by KSh 1.37 trillion in 2025 to KSh 12.30 trillion, lifting the debt ratio to 67.5 percent of GDP. Domestic borrowing accounted for about 70 percent of the rise, with banks, insurers, and pension funds absorbing most new issuance. External debt grew more moderately, led by multilateral lenders, while bilateral exposure fell, including sharp reductions from China. Debt servicing pressures intensified, with nearly half of FY 2025/26 interest costs already incurred by December.Gulf Energy Secures KSh 1.9bn Rig Ahead of Turkana Oil Launch
Gulf Energy E&P BV has leased a KSh 1.94 billion ($15 million) onshore drilling rig in Abu Dhabi, UAE as it prepares to kick off productionKenya Grants Uganda Exclusive Board Seats in KPC
The government has extended the Kenya Pipeline Company IPO by three working days after the Capital Markets Authority approved a revised closing date of February 24, 2026, following investor feedback during the offer period. The extension comes alongside governance amendments that recognize KPC’s regional role, including board nomination rights for Uganda subject to shareholding thresholds. Offer terms remain unchanged, with allocation results due on March 4 and trading set to begin on the Nairobi Securities Exchange on March 9.
