Parliament Probes KSh 752mn Miwani Sugar Land Auction
The parliamentary inquiry was triggered by a petition tabled by Suba South MP Caroli Omondi, which calls for a full accounting of the land’s ownership history, the identities behind Crossley Holdings, and the actions or inaction of public officials involved.
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.
Synkron Opens Industrial Automation Training Center in Nairobi
BAT Kenya MD and CFO Exit After Record KSh 70/share Dividend
British American Tobacco Kenya has announced a leadership transition days after declaring a record KSh 70 per share dividend for 2025. Managing Director Crispin Achola will exit in June 2026, while Finance Director Philemon Kipkemoi steps down in March. The board has appointed internal executives Sidney Wafula and Catherine Chepkong’a as successors, signalling continuity amid illicit trade pressure and stable earnings.BAT Kenya to Pay KSh 70 Dividend Per Share as Profit Rises to KShs 5.25 Bn
BAT Kenya posted a 17% rise in net profit to KShs 5.25 billion for FY2025 despite a 10% drop in revenue amid rising illicit trade. Strong cost control and improved finance income supported margins, while the company raised its total dividend by 40% to KShs 70 per share.Unga Group's Interim Profit Spikes by 537% on Lower Finance Costs
Unga Group posted a sharp interim rebound for the six months ended December 2025, with profit after tax rising 537% to KSh 523.2 million as operating margins recovered and finance costs fell 53%. Revenue climbed 12% to a record KSh 14.48 billion, lifting operating profit above KSh 746 million. Management cited cost discipline, stable FX and easing interest rates, while withholding a dividend to rebuild working capital.Carbacid Interim Profit Rises on Valuation Gains as Core Operations Weaken
Carbacid Investments reported a 6.9% rise in half-year profit to KSh 464.96 million for the six months to January 2026, supported by a 3.8% increase in turnover to KSh 976.35 million. Operating profit fell 2.2% as gross margin narrowed to 64% and administration costs rose 15%. Earnings growth was driven mainly by KSh 106.20 million in equity revaluation gains, while operating cash flow declined 24% and cash balances fell after dividend payments exceeded cash generation.Del Monte Kenya Commissions KSh 515mn Frozen Facility and Solar Plant
Del Monte Kenya has commissioned a pineapple frozen processing line and an 807kW solar power plant as it seeks to expand its export capacity and reduce its carbon footprint.
How Procedural Errors Toppled KRA’s KSh 53mn Tax Claim
Coca-Cola HBC to Acquire Africa's Largest Coca-Cola Bottler at US$ 3.4bn Valuation
Coca-Cola will sell 41.52% out of its 66.52% stake in CCBA to Coca-Cola HBC, and Coca-Cola HBC is acquiring 33.48% of CCBA that is held by GFIDutch Feed Maker De Heus Kenya Invests KSh 3bn in Athi River Plant
De Heus Kenya, a Dutch animal feed company, will commission a KSh 3 billion animal feed manufacturing plant in Athi River later this monthEABL's Interim Dividend Jumps 167% as Brewer Posts 38% Rise in Profit
East African Breweries reported a 38% rise in interim profit for the six months to December 2025 as revenue climbed 11% to a record 75.5 Bn. Volume grew 8%, expenses stayed flat, and lower finance costs lifted margins. Cash strengthened to 17.7 Bn, total debt fell to 37 Bn, and leverage improved to 0.5x EBITDA. The board declared an interim dividend of 4.00 per share, up 167% year on year, even as management flagged weak consumer spending and rising illicit alcohol penetration.
