Nairobi Business Ventures Issues FY2026 Profit Warning
Nairobi Business Ventures PLC has issued a profit warning for the financial year ended 31 March 2026, flagging a minimum 25% decline in total earnings compared to FY2025. The SME-listed group, which operates across automobile servicing, aircraft maintenance, and industrial trading, attributed the shortfall to challenging market conditions across its segments. NBV becomes at least the 14th NSE-listed company to issue a profit warning over the past 12 months, joining CIC Insurance, Liberty Kenya, WPP Scangroup, Kenya Airways, and others across multiple sectors.
Uchumi Calls First AGM Since 2018 as Survival Fight Continues
Uchumi Supermarkets has called its first annual general meeting since 2018, scheduled for 29 April 2026, where shareholders will adopt eight years of unadopted financial statements in a single sitting. The meeting comes as the company fights to avoid liquidation under a court-supervised CVA, with a Court of Appeal ruling on its disputed KSh 2.38Bn Kasarani land asset remaining the decisive factor in its survival. The company posted an operating profit of KSh 8.8Mn in FY2025 on revenue of KSh 86.29Mn, against total liabilities of KSh 9.8Bn.Kazakhstan, Oman, Open New Growth Markets for Kenya's Tea
Kazakhstan tea imports recorded an increase of 15.92 Million Kgs (186.92%) while Oman recorded an increase of 13.53 Million Kgs (320.14%).
'County Revenues Are Not Subject to VAT' - Tax Tribunal
In a decision in a case between the County Government of Kiambu and the tax authority, the Tribunal set aside most of a disputed tax bill that had originally reached about Ksh 559.9 millionNSE Rebounds 1.93% but Foreign Investors Sell KSh 748Mn
The NSE snapped its five-session losing streak in Week 14, adding KSh 62.68Bn in market capitalisation as all indices rose, led by the Banking Index at +3.01%. The recovery came on thin volume, with equity turnover down 43% to KSh 2.74Bn. Foreign investors sold KSh 748M into the bounce, their heaviest weekly outflow since Week 11, with every session recording net exits. The top five counters held 82.29% of turnover. ABSA rebounded 8.82% after losing 14.5% in Week 13. Brent crude remained above $100 and the April 15 EPRA review looms. The KSh 62.7Bn recovered represents just 27% of Week 13's losses.Air Travel Under Strain as Flights Shrink and Fares Rise
Air travellers in Kenya are heading into a turbulent season, with fewer available seats and rising ticket prices emerging as the twin pressures reshaping the aviation landscape.KRA Faces KSh 932 Billion Final-Quarter Gap
Kenya’s tax authority crossed the KSh 2 trillion mark in revenue collection for the first nine months of the 2025/26 fiscal year, but now faces a sharper climb to meet its full-year targetFaulu Loss Halves to KSh 496 Mn, NPL Edges toward 30%
Faulu Microfinance Bank, a member of the Old Mutual Group, narrowed its net loss 50.8% to 496.4 Mn for the full year ended 31 December 2025, from 1.010 Bn in 2024. Total income fell 8.8% to 3.091 Bn as loan interest contracted on a shrinking advances book. Staff costs were cut 28.9% to 889.2 Mn and finance costs fell 71.0% to 101.0 Mn after external borrowings were fully repaid. Capital ratios remain below statutory minimums, with core capital to deposits at 6.7% against an 8.0% floor.Kenya's Top Energy Officials Resign Over G2G Fuel Scandal
Kenya's Executive Office of the President has announced the resignation of three senior energy officials: PS Mohamed Liban, KPC Managing Director Joe Sang, and EPRA Director General Daniel Kiptoo Bargoria, following a DCI investigation into an alleged scheme to falsify national fuel stock data and trigger emergency procurement outside the G2G framework. The shipment, carried aboard MV Paloma and docked in Mombasa on 27-29 March 2026, was procured above contracted rates and found non-compliant due to elevated sulphur levels. Investigations continue.Africa's Growing Shift To Digital Policing Spurs Debate
Governments across the world are turning to digital policing systems to improve crime detection, manage information and respond faster to security threats.
March Wipes KSh 343Bn From NSE Shareholders as Middle East War Bites
The NSE closed March 2026 with every major index down between 8.5% and 10.5%. The NSE 10 led losses at -10.49%, the Banking Index fell 8.89%, and the NASI declined 9.84%. Only 7 of 69 listed stocks gained. Foreign investors sold KSh 4.28Bn net across 17 of 22 sessions. Market cap fell KSh 179Bn to KSh 3.23Tn, though the KPC listing in early March masks a deeper KSh 343Bn hit to existing shareholders. Week 13 erased KSh 231Bn, the second worst week since 2008. Banks closed at a median 5.4x P/E and 8.3% dividend yield amid record earnings.Kenya's Listed Firms Post Highest Governance Score in 8yrs, Mandatory ESG Disclosures Loom for 2027
Kenya's 53 listed issuers scored 78.88% on the Capital Markets Authority's FY2024/2025 corporate governance scorecard, the highest in eight years of assessments and only the second time the Leadership Rating threshold has been crossed. Leadership-rated companies rose from 27 to 38 while Needs Improvement issuers fell from 4 to 2, down from 17 in FY2017/2018. All seven CG Code principles reached Leadership Rating simultaneously for the first time. Agriculture remains the only Fair-rated sector at 62.80%. Mandatory IFRS S1 and S2 sustainability disclosure standards are targeted for adoption from January 2027.
