Co-op Posts Record KSh 29.75 Bn Profit as Funding Costs Decline
Co-operative Bank of Kenya Group reported a record net profit of KSh 29.75 Bn for the full year ended 31 December 2025, up 16.9% from KSh 25.46 Bn. Net interest income surged 22.0% to KSh 62.85 Bn as interest expenses fell 12.8% to KSh 30.29 Bn. Total assets crossed KSh 827 Bn, customer deposits grew 13.4% to KSh 574.17 Bn, and net loans expanded 12.6% to KSh 421.00 Bn. The cost-to-income ratio improved to 56.6%. The board declared a total dividend of KSh 2.50 per share, up 66.7% from KSh 1.50.
State Struggles to Deploy Billions Through Digital Procurement - Controller of Budget
Kenya’s digital procurement overhaul is slowing development spending, leaving billions unspent as ministries and suppliers navigate the Electronic Government Procurement System (E-GPS)
Recovery Gap Widens as Kenyans Take Months to Rebuild After Shocks- Tala Report
New data in a report titled Money March 2026: Financial Resilience, by Tala, Pezesha, CIS and TransUnion shows that recovery from a serious financial setback can take anywhere from less than a month to more than six monthsZenith Bank Targets London Listing to Drive Global Expansion
Zenith Bank Plc is planning a 2027 listing on the London Stock Exchange to expand access to international capital and support its growing cross-border operations. The move follows regulatory recapitalization in Nigeria and aligns with a broader strategy to scale global business, particularly in trade and investment flows.Equity Group Posts Record KSh 75.5 Bn Profit, Tops East and Central Africa
Equity Group posted record FY2025 earnings, with profit after tax rising 55% to KSh75.5 billion, driven by strong revenue growth, improved efficiency, and expanding regional contributions.StanChart Kenya Earnings Fall to KSh 12.4 Bn as 16-Year Pension Dispute Hits Bottom Line
Standard Chartered Bank Kenya reported a 38.0% decline in profit after tax to 12.44 Bn for the year ended 31 December 2025, the third-highest result in the bank's history. Total operating income fell 16.5% to 42.30 Bn as net interest income dropped 13.2% and forex income collapsed 58.6%. A one-off 2.6 Bn pension past service cost from a 16-year dispute with 629 former employees pushed reported expenses up 13.3%. The NPL ratio improved 200 basis points to 5.4%. Total DPS of 31.00 was declared at a record 95% payout ratio.Ethiopia's Banking Sector Posts Strongest Year on Record With Double-Digit Capital Growth
Ethiopian commercial banking posted its best performance across every major indicator for the fiscal year ended June 2025, per the NBE Financial Stability Report. ▸ Net income: ETB 93.4 Bn (+61.3%), the largest profit in the sector's history ▸ NPL ratio: 3.1%, five-year low. Liquidity: 30.4%, five-year high ▸ Total assets: ETB 4.7 Tn (+44.5%), deposits: ETB 3.5 Tn (+40.7%) ▸ Banking Business Proclamation 1360/2025 opens the sector to foreign lendersOld Mutual Holdings' 2025 Fee Income Surges as Insurance Weakens
Old Mutual Holdings Plc reported a 2.1% increase in net profit to KSh 856 Mn for FY2025, lifted by a 34.4% surge in fee and commission income from asset management growth. The insurance service result swung to a KSh 151 Mn loss as revenue fell 5.2% following the South Sudan exit and medical insurance pullback. Operating costs jumped 49.5% to KSh 3.09 Bn. The general insurance subsidiary posted a 7.2% rise in pretax profit. The group completed its Kenya life entities merger and launched the Thrive digital wellness platform. No dividend was declared.Kenya’s Proposed AI Law Follows EU Risk Framework
At the center of the proposal is the new Commissioner, an independent office appointed through a process involving the Public Service Commission, the president and Parliament.NCPB to Take Over Maize Seed Subsidy Program After Delays
Parliament has ordered the National Cereals and Produce Board (NCPB) to take over the country’s maize seed subsidy program, removing Kenya Seed Company from its role amid concerns over delayed delivery and financial lossesCBK Raises KSh 18Bn in Bond Switch into 2034 Paper
The Central Bank accepted KSh 18.40Bn in a Treasury bond switch auction after receiving KSh 22.21Bn in bids against a KSh 15Bn offer. Investors exchanged holdings in the FXD1/2021/005 bond, which matures in November 2026, into the longer-dated FXD3/2019/015 bond due July 2034. The operation extends Kenya’s domestic debt maturity profile and eases refinancing pressure ahead of the 2026 redemption cycle.Rubis Kenya Revenue Hits KSh 131.7Bn as Group Profit Rises 19%
Rubis reported stronger underlying earnings in 2025 as improved margins in Africa and lower financing costs offset currency volatility. The French energy distributor generated €870M (KSh 131.7Bn) in revenue from Kenya, down 9.8% from €964M (KSh 129.9Bn) in 2024, though margins improved after a fuel pricing adjustment. Kenya remained Rubis’ largest African market as the group posted €741M (KSh 112.2Bn) in EBITDA and €309M (KSh 46.8Bn) in net income.
