Uchumi and Portland Lead December Open as Safaricom Drives Turnover
Uchumi trades at KSh 1.18, extending its 594% YTD gain after a strong November. Portland rises to KSh 84.75, its highest since 2014. Turnover hits KSh 483M led by Safaricom at KSh 323M. Foreign buys total KSh 38.4M and sells KSh 323M. Top movers include Nation Media, Uchumi and Portland. Eaagads posts a profit and NBV narrows its HY loss.
Nairobi Business Ventures Narrows Loss as Aviation Offers a Lifeline
Nairobi Business Ventures reported a weaker half-year as sales fell to Ksh 137.5 Mn from 280.5 Mn on slow trading activity and tighter margins. The group narrowed its loss to 78.3 Mn through cost cuts and pausing loss-making trading lines. Aviation remained the only stable segment. Assets rose to 3.33 Bn, while NBV reviewed new opportunities including real estate development.Eaagads Swings to KSh 4.39Mn Interim Profit as Costs Drop and Output Rises
Eaagads has swung back to profit in the six months to September 2025, posting Ksh 4.39M after a Ksh 15.14M loss last year.In the Markets Last Week: Indices Fall, Foreign Outflows Persist, Uchumi Tops 535% YTD
Uchumi gained 45.95% this week and lifted its YTD performance to 535%, the strongest on the exchange. Portland rose 19.77% while Carbacid, Olympia and KCB led declines. All major NSE indices fell, with NASI down 3.65% and NSE 25 down 3.90%. Turnover dropped 17% to KSh 3.17B. Foreign investors posted a KSh 619.9M net outflow as Safaricom, KCB, EABL, Equity and BK Group dominated liquidity.Portland and Uchumi Extend Strong Runs as KCB Drives Friday Trade
Uchumi rises to KSh 1.04 after touching 1.12, pushing YTD gains past 500%. Portland climbs 9.86% to KSh 78.00 as interest stays strong. Turnover reaches KSh 570M led by KCB and Safaricom. Foreign buys hit KSh 32M and sells KSh 107M. NASI is up 0.46%. BK Group, TotalEnergies and Portland lead gainers while Centum and Standard Group top the losers.Treasury Targets Long-Term Funding in Ninth FY25/26 Bond Reopening
Kenya has opened its ninth reopening of FY25/26, offering KSh 40B across the 30-year SDB1/2011/030 and 25-year FXD1/2021/025. The December auction pushes issuance into the long end of the curve as the Treasury strengthens its front-loaded strategy ahead of heavy 2026 maturities. The sale follows strong November activity that lifted cumulative bond proceeds to about KSh 598B before December bidding begins.Centum's HY Losses Ease to KSh 326Mn on Deferred Tax Credit, Lower Finance Costs
Centum delivered a steadier half-year to September 2025 with its loss after tax easing to KSh 326M, supported by lower finance costs, stronger deferred tax credits and improved results across key subsidiaries. NAV per share rose to KSh 68.75 as liabilities fell and operating cash flow reached KSh 703M. Management said performance reflected ongoing deleveraging, firmer cash generation and progress on major projects, including the Vipingo SEZ and the TRIFIC North Tower monetization plan.Kenya Airways Warns of 25% Earnings Drop as Three Boeing 787s Stay Grounded
Kenya Airways has issued a profit warning saying FY25 earnings will fall by at least 25% after engine shortages left three Boeing 787 aircraft grounded. The airline reported weaker HY traffic as passenger numbers fell 14% and revenue passenger kilometers dropped 19%. Turnover fell 19% to KSh 74.50B. The grounded fleet raised costs and cut flying hours. Management said recovery efforts will focus on returning aircraft to service, lowering costs and improving cash flow.AA Kenya Shareholders Vote for NSE Listing, 16-for-1 Split and 6.13Mn Bonus Shares
AA Kenya will list on the Nairobi Securities Exchange after shareholders approved a listing by introduction and a full set of capital actions, including a 16-for-1 share split, a 6.13Mn bonus issue and authority to allot 49.09Mn in new shares. The move follows stronger 2024 results, with turnover at 913.92Mn, operating surplus at 71.57Mn and surplus for the year at 54.99Mn. Shareholders also approved the dividend, the audited accounts and the reappointment of the auditor.Serena Hotels Operator Issues Profit Warning After Foreign Exchange Windfall Fades
TPS Eastern Africa, the operator of Serena Hotels, has issued a profit warning for 2025, saying earnings will fall by more than 25% as last year’s large non-cash FX gains disappear and weaker regional demand pressures margins. The group posted a KSh 16M half-year loss after revenue dropped 11% and FX gains reversed, signalling a tougher full-year outlook across its markets.HF Group Q3 Profit Doubles to KSh 988.7Mn, Extending Four-Year Earnings Rebound
HF Group delivered its strongest third-quarter results in almost a decade after net profit doubled to 988.7Mn on higher interest income and stronger fees. Operating income rose to 4.496Bn as deposits and the investment book expanded. Core capital increased fivefold to 9.243Bn while gross NPLs eased, extending the group’s recovery.Access Bank Kenya Q3 Loss Widens as Core Capital Deficit Grows
Access Bank Kenya reported a deeper third-quarter loss as its capital position weakened further. The lender posted a 783.3M loss, widening from 486.1M last year, after operating income slipped and costs rose to 1.349B. Net interest income grew 47% to 359M but was outweighed by a sharp drop in non-interest revenue. Equity fell 98% to 26.4M as accumulated losses climbed to 3.84B, pushing core capital to a 765M deficit against the 3B CBK requirement due by December 2025. The update comes as the bank awaits integration with National Bank of Kenya following its parent’s acquisition earlier in the year.
