Safaricom Posts Record Profit as Ethiopia Operations Rally
Safaricom FY26 attributable profit hit a record KSh 95.61 Bn, up 37.0%, with EBITDA surging 27.9% to KSh 220.26 Bn and EPS at 2.39. Kenya service revenue crossed KSh 400 Bn for the first time. Ethiopia EBITDA loss narrowed 64.8%, with H2 near breakeven at (2.7 Bn).
Safaricom Declares Largest Dividend Payout in Kenya's History
Safaricom declared a record KSh 80.13 Bn dividend for FY26, comprising KSh 0.85 interim and KSh 1.15 final, totaling KSh 2.00 per share. The payout breaks a three-year freeze and exceeds the FY25 profit of every other company in East and Central Africa.Fintrust Securities Secures Investment Bank Licence
Fintrust Securities, a subsidiary of CBK-licensed lender Fincorp Credit, has received a CMA investment bank licence authorising bonds trading, equity trading and fund management. Founder Gibson Wachaga said the licence will broaden investor access and deepen Kenya's capital markets.Dangote to Set Up Kenya Investment Vehicle Ahead of Refinery IPO
Aliko Dangote is setting up a Kenya investment vehicle ahead of his pan-African refinery IPO, offering African investors dollar returns and tradeable exit certificates. The World Bank Group has pledged full support. The refinery IPO targets a US$5bn raise at a valuation of up to US$50bn.Shri Krishna Overseas' Profit Tumbles 59% in First Full Year on NSE as Kisaju Costs Bite
Shri Krishana Overseas PLC posted a KSh 4.14 Mn profit for FY2025, down 59% from KSh 10.18 Mn, as tax-driven input cost increases compressed gross margin to 25% and Kisaju expansion debt pushed net borrowings to KSh 162 Mn. Revenue grew 13% to KSh 351 Mn.Kenya's SACCO Bad Loans Stand at 8.39%, Well Below Double-Digit Peers
Kenya’s SACCO sector closed 2024 with KSh 845.11 billion in gross loans, up from KSh 758.57 billion a year earlier, while the industry’s non-performing loan (NPL) ratio held at 8.39%
Safaricom FY26 Preview: Analysts See Dividend Rise, Earnings Surge
Analysts forecast Safaricom FY26 EPS of KSh 2.14 and attributable net income of KSh 86.1 Bn, with M-Pesa revenue near KSh 190 Bn. A dividend increase from the three-year KSh 1.20 floor is widely expected, with estimates ranging KSh 1.50 to 1.84 per share.Express Kenya Posts 12th Straight Loss-Making Year
Express Kenya has recorded its 12th consecutive annual loss, with revenue falling 19% to KSh 21.27 Mn in 2025 as strip mall construction curtailed rental income. Finance costs of KSh 51.57 Mn more than doubled total revenue. A KSh 300 Mn land sale agreed in June 2025 completed in Q1 2026 and will be recognised in FY2026 results.Home Afrika Posts Second Straight Profit But Balance Sheet Stress Lingers
NSE-listed Home Afrika delivered a KSh 117.89 million profit in FY2025 as cost cuts and golf course income offset a 34.9% revenue drop. Margins expanded across all measures but the KSh 680.95 million private placement bond remains unresolved and total equity stays deeply negative.South Sudan Declines to Renew Oranto Petroleum's Exploration License
South Sudan has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3,
I&M Bank Opens KSh 10Bn Note Offer at 12.20% as Corporate Debt Market Heats Up
I&M Bank has launched a KSh 10 billion fixed-rate note offer at 12.20% p.a. under a KSh 20 billion MTN programme, with a KSh 3 billion greenshoe. The 5.5-year notes list on the NSE on 21 May 2026. The offer arrives as falling CBK rates drive a wave of corporate debt issuances in Kenya.TotalEnergies Kenya Delivers Highest Dividend Since 1999
TotalEnergies Marketing Kenya posted a 46% rise in FY2025 profit after tax to KSh 2.17Bn, driven by EPRA retail margin reform that lifted gross profit 33% to KSh 11.98Bn. The company declared a KSh 3.45 dividend, its highest since 1999, while operating debt-free and doubling aviation revenue to KSh 8.86Bn.
