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    Chicken Inn Owner Posts 76% Interim Profit Surge, Kenya Volumes Rise 12%

    Chicken Inn Owner Posts 76% Interim Profit Surge, Kenya Volumes Rise 12%

    Simbisa Brands Limited reported 8% US dollar revenue growth in Kenya for the half year ended 31 December 2025, driven by a 12% increase in customer volumes. Delivery orders surged 60% year on year. At the group level, revenue rose 16.1% to USD 182.75 Mn (KSh 23.67 Bn) with profit before tax climbing 76.3% to USD 20.45 Mn (KSh 2.65 Bn). Operating margins expanded to 17.4% on cost discipline and supplier engagement. The board declared an interim dividend of 0.934 US cents per share, up 50.6%, payable 20 March 2026.
    Harry
    Harry Njuguna
    17 days ago
    James Mworia's Centum: All Deals, Exits and Write-Offs

    James Mworia's Centum: All Deals, Exits and Write-Offs

    From filing clerk to Kenya's youngest CEO of a listed company, James Mworia has led Centum Investment since December 2008. This record covers every acquisition, exit, capital raise, impairment and write-off across his 17-year tenure: the 19.5 billion shilling Coca-Cola beverages exit, the UAP Holdings sale to Old Mutual, the 2.097 billion shilling Amu Power write-off, and the Sidian Bank exit concluded 12 March 2026. Portfolio carrying value as at 31 March 2025 stood at 50.577 billion shillings against an inherited base of approximately 6 billion shillings.
    Harry
    Harry Njuguna
    18 days ago
    Lamu Port Sees Increased Activity As Global Shipping Diversions Continue

    Lamu Port Sees Increased Activity As Global Shipping Diversions Continue

    Lamu Port is recording increased activity following the arrival of a second vehicle carrier operated by Grimaldi Group, bringing total units handled to over 4,200. The surge, partly driven by diverted shipments from Jebel Ali Port, signals growing confidence in the port’s capacity and its emerging role in regional trade, according to the Kenya Ports Authority.
    Chelsy
    Chelsy Maina
    18 days ago
    When Product Safety Fails Consumers, Markets Fail- CAK Director-General

    When Product Safety Fails Consumers, Markets Fail- CAK Director-General

    Safe products create confident consumers and confident consumers drive thriving economies. It is time for businesses, regulators, and consumers to unite under this principle.
    David
    David K. Kemei
    19 days ago
    Over 50% Of Kenya’s Ride-Hailing Drivers Now Rely on It as Primary Source of Income - Bolt/IPSOS Study

    Over 50% Of Kenya’s Ride-Hailing Drivers Now Rely on It as Primary Source of Income - Bolt/IPSOS Study

    A study by ride-hailing app Bolt, in collaboration with Ipsos, shows that 53% of ride-hailing drivers in Kenya now rely on the platforms as their main source of income.
    Brian
    Brian Nzomo
    19 days ago
    I&M Bank and Sida’s USD 30 Million Partnership Set to Expand Green Lending in Kenya

    I&M Bank and Sida’s USD 30 Million Partnership Set to Expand Green Lending in Kenya

    The partnership, formalized at a signing ceremony in Nairobi, centres on a USD 15 million guarantee from Sida, with a coverage of eight years and a 50 percent risk-sharing structure.
    Brand
    Brand Partnerships
    19 days ago
    Counties' Health Facility Cash Lifeline Raises Red Flags for Kenya’s Fiscal Planning

    Counties' Health Facility Cash Lifeline Raises Red Flags for Kenya’s Fiscal Planning

    Kenya’s devolved governments are increasingly relying on facility-generated health revenues to plug widening budget gaps, raising concerns among policy makers
    Fred
    Fred Obura
    19 days ago
    Co-op Posts Record KSh 29.75 Bn Profit as Funding Costs Decline

    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.
    Harry
    Harry Njuguna
    19 days ago
    State Struggles to Deploy Billions Through Digital Procurement - Controller of Budget

    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)
    Brian
    Brian Nzomo
    19 days ago
    Recovery Gap Widens as Kenyans Take Months to Rebuild After Shocks- Tala Report

    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 months
    Fred
    Fred Obura
    20 days ago
    Zenith Bank Targets London Listing to Drive Global Expansion

    Zenith 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.
    Chelsy
    Chelsy Maina
    20 days ago
    Equity Group Posts Record KSh 75.5 Bn Profit, Tops East and Central Africa

    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.
    Chelsy
    Chelsy Maina
    20 days ago

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