KEMSA Posts KSh 2bn Surplus after State Bailout
KEMSA posted a KSh 2.0 billion surplus in the financial year ended 30 June 2025, reversing a KSh 779 million deficit, but the Auditor-General qualified the accounts citing inaccurate receivables, a 41% medicines order fill rate against a 90% target, and KSh 6.28 billion in outstanding debts. The surplus was underwritten by KSh 4.4 billion in government transfers. Forty-one prior year audit matters remained unresolved.
Liberty Kenya Maintains Dividend at 50 Cents as Earnings Fall
Liberty Kenya Holdings reported a sharp decline in profitability for FY2025, with net earnings falling 65% to KShs 487 million as higher insurance claims and weaker investment income compressed margins. Despite the drop in earnings, insurance revenue grew 8.5% to KShs 11.9 billion, reflecting continued business expansion, while the Group maintained a stable capital position and sustained its dividend at KShs 0.50 per share.
Canal+ Grapples to Steady MultiChoice as Subscriber Numbers Fall
The figures were released alongside the strategic update of Canal+, the French media group that is in the process of integrating the African broadcaster following its takeover.Kenya Literature Bureau's Profit Crashes 91% after Delayed Government Book Orders
Kenya Literature Bureau (KLB) posted a net profit after tax of Kshs 12.2 million for the year ended June 30, 2025, a 90.7% drop from Kshs 131 million the prior year. Gross turnover fell 46.4% to Kshs 1.83 billion as a Kshs 1.03 billion KICD mathematics textbook distribution contract stalled, leaving schools in Murang'a, Kirinyaga, Machakos, and Kajiado without books. The proposed dividend was cut 90.7% to Kshs 1.2 million. Profit before tax hit a five-year low of Kshs 30 million.Africa’s AI Moment Hinges on Smart Regulation, Salesforce Executive Says
In this interview with The Kenyan Wall Street, Saunders speaks about Salesforce, regulation, what policymakers and innovators need to do to get this moment right.UAE’s ASSNTURE Expands Digital Securities Operations to Kenya
SBM Bank Kenya Ends Two-Year Loss Streak With KSh 444Mn Profit
SBM Bank Kenya swung to a 444.22Mn after-tax profit for the full year ended 31 December 2025, reversing a 1.21Bn loss in 2024. The turnaround was driven by a 19.6% fall in interest expense to 6.86Bn, which pushed net interest income up 80.7% to 3.88Bn. Customer deposits rose 20.1% to 82.41Bn as the bank reduced reliance on costly interbank funding. Gross non-performing loans fell 34.1% to 11.29Bn. Total assets grew 5.5% to 105.72Bn.EABL Appoints Diageo Insider Justin Mollel as CFO With Asahi Takeover Months Away
East African Breweries has appointed Justin Mollel, Finance Director at Diageo Ireland, as Group CFO Designate from May 2026, taking full charge in July. He succeeds Risper Ohaga, the first African woman to hold the role, who exits to become Group CEO of APA Apollo Group. The appointment is the latest in a series of Diageo network placements at EABL as its parent completes a $2.3 billion sale of its 65% stake to Japan's Asahi Group, expected to close in H2 2026.Centum Investments Exits Sidian Bank After 22 Years
Centum Investment Company has completed the sale of its remaining 50% stake in Bakki Holdco Limited, ending its 22-year investment in Sidian Bank. The exit follows six transactions between October 2023 and March 2026, recovering an estimated 5.2 billion shillings against a total entry cost of 4.7 billion shillings. The divestiture included a failed 4.3 billion shilling deal with Nigeria's Access Bank in 2022, before Centum shifted to piecemeal sales. The final exit comes as Sidian, reclassified as a medium-tier lender by the CBK in September 2025, posted a nine-month profit of 1.4 billion shillings.Wall Street Africa Group Launches Season I of "Wall Street Mtaani"
Parliament Clears Safaricom Stake Sale With Six Conditions
National Assembly approved the sale of a 15% government stake in Safaricom PLC to Vodacom Group on 10 March 2026, clearing the country's largest post-independence divestiture. The KSh 204.3 billion transaction gives Vodacom majority control at 55%. Parliament attached six binding conditions, including no staff redundancies, a 10-year dealer protection period, and ring-fencing of all proceeds into the newly signed National Infrastructure Fund. Four regulatory approvals remain outstanding, including a final determination from the Central Bank of Kenya, which has not yet cleared the change of control over M-Pesa.KCB Posts Record KSh 68.35Bn 2025 Profit as Dividend Hits KSh 7 Per Share
KCB Group posted record profit after tax of 68.35 Bn in FY2025, up 10.6% from 61.77 Bn, driven by an 18.9% collapse in interest expense that lifted net interest income 7.8% to 148.02 Bn. The bank declared a full-year dividend of KSh 7.00 per share, up 133.3% and the largest total payout of 22.50 Bn in its history. Net loans crossed 1 trillion for the first time. The gross NPL ratio improved to 16.9% from 19.2%. KCB guides for loan growth of 10% to 11% and NIMs of 7.2% to 7.8% in FY2026.
