Sameer Africa Sells Last Tyre, Posts Best Operating Profit in 12 Years
Sameer Africa Plc posted operating profit of KSh 292.64 Mn for the year ended 31 December 2025, the highest since 2013, as revenue rose 11.1% to KSh 432.74 Mn entirely from investment property rentals. The company recorded zero tyre revenue for the first time in its 56-year history. Total equity crossed KSh 1.00 Bn for the first time in the post-manufacturing era, rising 37.3%. Net profit advanced 5.5% to KSh 274.28 Mn with EPS of KSh 0.99. A pending land sale valued at KSh 919.70 Mn is projected to close in Q2 2026, with proceeds worth more than three times annual net profit.
Fincredit SEZ Joins NSE Ibuka in Capital Markets Push
Fincredit SEZ Limited, a credit-only microfinance institution operating in Kenya, Uganda, and Liberia, has been admitted into the NSE Ibuka incubation and acceleration programme. The company, formerly known as AAR Credit Services Ltd and established in 2000, is registered within the TRIFIC Special Economic Zone in Nairobi. CEO John Kariuki described the admission as a critical step in the company's strategic transformation. The programme prepares companies for equity or debt capital market access at the NSE.Ndindi Nyoro's KQ Disclosure Sparks Retail Frenzy, But Fundamentals Differ From KPLC
Kenya Airways is the top-gaining stock on the NSE in 2026, up 131% to a 15-month high of KSh 8.14, despite reporting a 17.2 Bn net loss and carrying negative equity of 132.1 Bn. The rally ignited after regulatory filings revealed Kiharu MP Ndindi Nyoro had acquired 10.4 million shares, reprising the Kenya Power playbook that delivered returns from KSh 1.89 to KSh 16.80. Institutional catalysts including a $2 Bn strategic investor search, near-100% load factors from Middle East conflict rerouting, and new KCAA regulations ending the bailout era provide the narrative. Nyoro provided the trigger.Dangote Refinery Plans First Pan-African IPO in History
Aliko Dangote plans to list Dangote Petroleum Refinery and Petrochemicals FZE on multiple African stock exchanges in a continent-first cross-border IPO targeting a raise of up to US$5 billion. Analysts value the refinery at between US$40 billion and US$50 billion, with 5-10% of equity on offer. The primary listing targets the Nigerian Exchange Group main board in June-July 2026. The Nairobi Securities Exchange is among six bourses involved. Stanbic IBTC Capital, Vetiva Advisory Services, and FirstCap have been appointed as financial advisers.Kenya Raises Diesel Prices to Highest in History
EPRA has raised super petrol by KSh 28.69 to KSh 206.97 and diesel by a record KSh 40.30 to an all-time high of KSh 206.84 in Nairobi for the April 15 to May 14, 2026 cycle. Kerosene remains unchanged at KSh 152.78. The increases follow a 68.72% jump in diesel landed costs and a 41.53% rise in petrol landed costs, driven by Middle East supply disruptions. The government cut fuel VAT from 16% to 13% and deployed KSh 6.2 billion from the Petroleum Development Levy Fund to cushion consumers. Without the kerosene subsidy, the product would retail at approximately KSh 260 per litre.Fifth Bond Switch Falls Flat as Holders of Near-Maturity Paper Opt to Stay Put
CBK's fifth bond switch auction drew just KSh 2.56Bn in bids against a KSh 20Bn target, a 12.80% performance rate and the weakest result in the programme's history. Only KSh 1.75Bn was accepted, converting KSh 1.76Bn of FXD1/2016/010 (maturing August 2026) into FXD1/2018/015 (due May 2033) at an accepted yield of 11.97%. The weak uptake follows January's switch of the same source bond, which absorbed KSh 25.17Bn. Remaining holders appear to prefer collecting the 15.039% coupon to maturity rather than accepting a 239 bps coupon cut and paying 108.36 per KSh 100 for the destination bond.StanChart, KCB, and NCBA: What Bank Dividends Are Telling Investors in 2026
For investors in banking stocks, dividends are one of the clearest signals to watch in 2026, as the inaugural FY25 Kenya Banking Sector Report by Wall Street Africa Group.
Africa Tech Summit London Returns to London Stock Exchange on May 29 for its Landmark 10th Edition
NSE Recovers Half of Week 13 Losses as MPC Hold and Oil Pullback Lift Sentiment
The NSE posted its strongest week since February, adding KSh 128.42Bn as all indices rose, led by the NSE 10 at +4.76% and Banking Index at +4.49%. The CBK held rates at 8.75%, citing Middle East-driven energy price pressures but stable inflation. CBK forex reserves fell for a fifth straight week to USD 13,316M (5.7 months cover), down USD 1.28Bn since March 5 in the longest drawdown since late 2023. Foreign investors sold KSh 940M for their sixth consecutive week of outflows. Brent eased to around $90 from $106+. Market cap rose to KSh 3,432.92Bn, recovering 55% of Week 13 losses.Kenya’s Banks Still Have East Africa’s Worst Bad Loan Problem
Kenyan banks may have improved their asset quality in FY25, but the sector is still carrying the heaviest bad loan burden in East Africa, according to the FY25 Kenya Banking Sector Report by Wall Street Africa Group.Jubilee Holdings Lifts Dividend to Record KSh 15
Jubilee Holdings Limited posted an 18% rise in net profit to KES 5.55 billion for the full year ended 31 December 2025, with gross written premiums growing 18% to KES 62.40 billion. The board declared a total dividend of KES 15 per share, up 11% on the prior year. The result extends a decade of compounding in which total assets have tripled to KES 251.08 billion and earnings per share have doubled to KES 80. Jubilee Health Insurance Kenya recorded an underwriting loss as claims costs outpaced revenue in select corporate segments.Kenya’s Banking Sector Splits Into Winners and Laggards
Kenya’s banking sector is no longer moving as one trade, according to the FY25 Kenya Banking Sector Report published by Wall Street Africa Group.
