Toyota Land Cruiser LC300 Recall Hits COMESA Markets
The COMESA Competition and Consumer Commission has issued an urgent regional alert following a significant safety recall of Toyota Land Cruiser LC300 models.
The Rapid Growth of Equity Group’s Insurance Arm
Equity Group’s expansion into insurance is accelerating just as financial pressures reshape how Kenyan households manage risk, positioning the business as a key growth engineI&M Group's Profit Rises 28% on Income Growth
I&M Group reported a 27.6% rise in FY2025 net profit to KSh 18.8 billion, driven by strong income growth and lower funding costs.Prime Bank's Profits Jump 28% to KSh 5.56 Bn as Falling Funding Costs Drive Widest Margin in 33 Years
Prime Bank Group, Kenya's largest Tier II lender and tenth biggest bank by market share, posted a 27.6% rise in net profit to KSh 5.56 billion for the year ended December 2025. Net interest income surged 49.1% to KSh 9.93 billion as interest expense fell 11.6% during the CBK's easing cycle. Total assets expanded 44.6% to KSh 277.25 billion, concentrated in government securities, while net loans held flat at KSh 55.56 billion. Gross NPLs improved 7.4% to KSh 5.59 billion. EPS rose 27.6% to KSh 836.
Grounded Dreamliners and Fx Reversal Push Kenya Airways to 17.2 Bn Loss
Kenya Airways reported a net loss of 17.2 Bn for the full year ended 31 December 2025, reversing the 5.4 Bn profit that had marked its only profitable year in the past thirteen. Revenue fell 14.3% to 161.5 Bn after the grounding of three Boeing 787-8 Dreamliners due to GE Aerospace engine supply chain constraints cut capacity by 18% and passengers by 12.9% to 4.55 million. Negative equity deepened to 132.1 Bn. The government is seeking a strategic investor willing to inject up to $2 Bn, with four parties in active talks. Load factors have surged to near 100% in early 2026 as Middle East conflict reroutes traffic through Nairobi.Equity Group Shifts Expansion Plans to Angola as Ethiopia Entry Delays Persist
Equity Group is prioritizing expansion into Angola through a planned acquisition in Luanda, as regulatory and licensing delays continue to slow its long-standing efforts to enter Ethiopia.CBK Pairs KSh 40Bn Bond Reopening With Another Switch Auction in April Programme
The Central Bank of Kenya has launched a KSh 60Bn borrowing programme for April, combining a KSh 40Bn bond reopening with a KSh 20Bn switch auction. The reopening covers FXD1/2020/015 (8.9 years to maturity, 12.756% coupon) and FXD1/2018/025 (17.3 years, 13.400% coupon), with the auction on 1 April. The switch targets holders of FXD1/2016/010, maturing August 2026, offering an exchange into FXD1/2018/015 due May 2033. It is the fifth bond switch in Kenya's history and the third in 2026. Net borrowing through reopenings has reached KSh 687.50Bn across 13 auctions since July 2025.Kakuzi Returns to Profit on KSh 1.07 Bn on Avocado, Macadamia Haul
Kakuzi Plc posted a pre-tax profit of KSh 568.4 Mn for FY2025 after a KSh 166.7 Mn loss in FY2024. Revenue rose 12% to KSh 5.37 Bn, the second-highest in the company's 32-year record. Avocado profit nearly doubled to KSh 709 Mn on 23% higher production despite lower European prices. Macadamia surged to KSh 365 Mn from KSh 69 Mn on a 30% kernel price recovery. Tea swung to a KSh 53 Mn loss. Blueberries turned profitable for the first time. Selling costs surged 47% on Red Sea disruptions, compressing the pre-tax margin to 10.6%. Dividend doubled to KSh 16.Sidian Bank Profit Jumps 500% to KSh 1.73 Bn as Public Sector Deposits Reshape Balance Sheet
Sidian Bank posted a sixfold increase in profit after tax to KSh 1.73 Bn for the year ended 31 December 2025, up from KSh 287 Mn, the strongest result in the lender's 40-year history. Total assets grew 50.8% to KSh 90.80 Bn, driven by a 62.9% surge in customer deposits to KSh 72.30 Bn from public sector mandates including Nairobi County, the Social Health Authority, the housing levy, Kenya Railways, and KEMSA. Government securities holdings doubled to KSh 49.05 Bn. The CBK reclassified Sidian from Tier 3 to Tier 2 in September 2025.Diamond Trust Bank's Profit Tops KSh 10 Bn as Deposits Cross Half a Trillion
Diamond Trust Bank Kenya's Group profit surpassed KSh 10 Bn for the first time, rising 21.4% to KSh 10.7 Bn for the year ended 31 December 2025. The milestone was driven by a 16.3% drop in funding costs that lifted net interest income 24.1% to KSh 34.9 Bn. Customer deposits crossed the half-trillion threshold at KSh 509.1 Bn. The Group completed the disposal of its Burundi subsidiary, booking a KSh 533 Mn loss from discontinued operations. The board proposed a final dividend of KSh 9.00 per share, up 28.6% from KSh 7.00.NSE Loses KSh 96Bn in 7th Biggest Daily Drop Since 2008
The Nairobi Securities Exchange recorded its 7th largest single-day loss since 2008 on March 23, 2026, with KSh 96.02Bn in market value wiped out. Safaricom alone shed KSh 54Bn, accounting for over half the decline. The selloff, driven by the Iran war and Strait of Hormuz closure, hit a market that had rallied from KSh 2.94Tn to above KSh 3.5Tn on domestic capital alone, with foreign investors net sellers throughout. The launch of Ziidi Trader in February amplified retail participation but left the market exposed when institutional holders distributed into the rally. Market cap fell to KSh 3.38Tn but remains up 14.69% YTD.Makini, Crawford Schools Owner Posts Record KSh 15Bn Profit in 2025, Doubles Down on Kenya Expansion
Makini Schools and Crawford International owner Advtech posted record FY2025 results. Operating profit crossed R2 Bn (KSh 15.39 Bn) for the first time, up 13.8%. The Education division drove growth with 12.9% revenue increase to R7.87 Bn (KSh 59.39 Bn). In Kenya, Regis Runda Academy was acquired for KSh 1.29 Bn and rebranded as Makini School Runda with enrolments up 17% post-acquisition. Free operating cash flow before capex surged 24.7% to R1.89 Bn (KSh 14.28 Bn).
