Shri Krishna Overseas' Profit Tumbles 59% in First Full Year on NSE as Kisaju Costs Bite
Shri Krishana Overseas PLC posted a KSh 4.14 Mn profit for FY2025, down 59% from KSh 10.18 Mn, as tax-driven input cost increases compressed gross margin to 25% and Kisaju expansion debt pushed net borrowings to KSh 162 Mn. Revenue grew 13% to KSh 351 Mn.
East Africa's Most Valuable Banks Post Mixed Q1 Results as Tanzania Shilling Strength Bites
CRDB Bank and NMB Bank, East and Central Africa's most valuable listed lenders, posted divergent Q1 2026 profits. CRDB grew earnings 18.9% to TZS 206.20 billion while NMB rose 4.9% to TZS 193.09 billion, as funding costs surged and FX income contracted at both banks.Safaricom FY26 Preview: Analysts See Dividend Rise, Earnings Surge
Analysts forecast Safaricom FY26 EPS of KSh 2.14 and attributable net income of KSh 86.1 Bn, with M-Pesa revenue near KSh 190 Bn. A dividend increase from the three-year KSh 1.20 floor is widely expected, with estimates ranging KSh 1.50 to 1.84 per share.Express Kenya Posts 12th Straight Loss-Making Year
Express Kenya has recorded its 12th consecutive annual loss, with revenue falling 19% to KSh 21.27 Mn in 2025 as strip mall construction curtailed rental income. Finance costs of KSh 51.57 Mn more than doubled total revenue. A KSh 300 Mn land sale agreed in June 2025 completed in Q1 2026 and will be recognised in FY2026 results.Nedbank's KSh 105 per Share Offer for NCBA Opens 28 May
Nedbank's partial tender offer for approximately 66% of NCBA Group PLC opens 28 May 2026 and closes 10 July 2026 at 5:00 PM EAT. Shareholders may tender at KSh 105 per share. NCBA's Board has recommended the offer. Results are expected by 21 July 2026.NSE Adds KSh 174Bn in April Recovery, T-Bill and Oil Prices Signal Fresh Pressure
The NSE closed April up 5.40%, recovering KSh 174.56Bn of March's KSh 179.31Bn loss. But the month ended on a deteriorating note: inflation surged to 5.6% from 4.4% as the April fuel price hike hit, Murban crude crossed $100 again, and T-bill rates jumped sharply (91-day to 8.04%, 182-day to 8.21%). Foreign investors sold KSh 1.67Bn net. CBK reserves fell for an eighth week to USD 13,226M. Breadth improved to 37 gainers from March's 7.Inside Kenya's KSh 17.58 Trillion Economy
Kenya's economy reached KSh 17.58 trillion in 2025, with real GDP growing 4.6%. Agriculture leads at 23.2% of GDP, followed by transport at 11.8% and financial services at 8.3%. Accommodation posted the fastest growth at 15.6% while manufacturing grew just 2.0%.Home Afrika Posts Second Straight Profit But Balance Sheet Stress Lingers
NSE-listed Home Afrika delivered a KSh 117.89 million profit in FY2025 as cost cuts and golf course income offset a 34.9% revenue drop. Margins expanded across all measures but the KSh 680.95 million private placement bond remains unresolved and total equity stays deeply negative.Car & General Posts Record KSh 2.45Bn Profit on Watu Credit Windfall
Car & General (Kenya) PLC posted record profit after tax of KSh 2.45 Bn for FY2025, up 365.5% from KSh 526 Mn. Revenue rose 21.0% to KSh 25.34 Bn. The result was driven by a 670.9% surge in Watu Credit associate income to KSh 1.69 Bn and a boda boda recovery to 8,000 units per month.Troubled East African Cables Delays 2025 Accounts Amid Rescue Talks
East African Cables (In Administration) has delayed publication of its FY2025 audited financial statements to no later than 31 October 2026, citing an ongoing administration process and active investor talks aimed at resolving its debt structure. PwC administrators George Weru and Muniu Thoithi have been seeking financial or strategic investors since July 2025. The company and parent TransCentury have been suspended from NSE trading since June 2025 over a combined KSh 5 billion Equity Bank debt.I&M Bank Opens KSh 10Bn Note Offer at 12.20% as Corporate Debt Market Heats Up
I&M Bank has launched a KSh 10 billion fixed-rate note offer at 12.20% p.a. under a KSh 20 billion MTN programme, with a KSh 3 billion greenshoe. The 5.5-year notes list on the NSE on 21 May 2026. The offer arrives as falling CBK rates drive a wave of corporate debt issuances in Kenya.TotalEnergies Kenya Delivers Highest Dividend Since 1999
TotalEnergies Marketing Kenya posted a 46% rise in FY2025 profit after tax to KSh 2.17Bn, driven by EPRA retail margin reform that lifted gross profit 33% to KSh 11.98Bn. The company declared a KSh 3.45 dividend, its highest since 1999, while operating debt-free and doubling aviation revenue to KSh 8.86Bn.
