KCB Nine-Month Profit Rises 6.9%, Deposits Dip
KCB Group has posted a profit after tax of KSh 47.3Bn for the nine months to September 2025 on stronger interest income, tighter cost control
Ernest & Young Fined KSh 10 Mn Over Uchumi’s 2014 Rights Issue Failures
Ernst & Young has been fined KSh 10 million by the Capital Markets Authority over failures in Uchumi Supermarkets’ 2014 rights issue. CMA said EY did not ensure accurate disclosure of material facts in financial statements used in the transaction. The regulator also ordered three years of supervised remedial training for EY audit staff and warned that non-compliance could lead to a ban on auditing listed firms. Two former EY partners were also flagged for disciplinary action.Chase Bank’s Ex-Managers Hit With Fines Over False Bond Disclosures
The CMA has fined and disqualified former Chase Bank executives after finding they misled investors in the bank’s 2015 KSh 10Bn bond issue. Investigators concluded the Information Memorandum contained false financials, concealed related-party lending and an irregular bonus approved by the chair. Ex-Chair Zafrullah Khan, ex-CFO Makarios Agumbi and ex-corporate assets manager James Mwaura received multi-year bans and must undergo governance training.Safaricom Lines Up KSh 40 Billion Corporate Debt Issuance
Safaricom has secured approval for a KSh 40Bn Medium Term Note programme, the largest corporate debt plan in Kenya. The move comes after EABL’s recent MTN attracted strong demand. The programme gives Safaricom room to raise funds across several tranches, including green or social notes. The first tranche will proceed once final terms are set and the CMA grants clearance.Markets at Midday; Uchumi Up 264% YTD and DTB Hits Fresh 2020 Highs
Uchumi climbs to KSh 0.62, up 264% YTD and at its highest since 2019. DTB hits an intraday high of KSh 118, last seen in 2020. Midday turnover stands at KSh 875M led by KCB, Equity and Co-op. Foreign buys hit KSh 38M, with KCB taking 37M, while sells reach KSh 41M. NASI is up 0.25% at midday, with Flame Tree and Africa Mega among top gainers.Safaricom CFO Dilip Pal: Behind the Record Half-Year Numbers
Safaricom Group has delivered its strongest half-year performance in history, reporting KSh 42.78 billion in net income and surpassing KSh 200 billion in group revenue for HY26. In an interview with The Kenyan Wall Street, Safaricom CFO Dilip Pal broke down the principles, decisions, and execution behind these standout results across Kenya and Ethiopia.
Treasury on the Spot for KSh 55Bn Kenya Airways Exposure, KSh 6.2Bn Telkom Deal
Treasury faced the Public Accounts Committee after an audit flagged unsupported KSh 55B Kenya Airways loans issued without signed agreements and an unapproved KSh 6.2B Telkom Kenya buyout done through Article 223.Uchumi, Limuru Tea Lead Tuesday Gains as Foreign Sells Stay Heavy
Uchumi rises to KSh 0.57 and Limuru hits its highest level since 2022 in Tuesday trade. Turnover reaches KSh 690M, led by Safaricom at KSh 314M. Foreign sells stand at KSh 323M and buys at KSh 35M. NASI slips 0.16%. Absa reports Q3 profit of KSh 16.9B, up 14.7%, with non-funded income rising 11.2% to KSh 13.61B.Absa Bank's Q3 Profit Up 14.7% to KSh 16.9Bn, Lending Falls Again
Absa Bank Kenya reported a Q3 2025 profit of KSh 16.9Bn, up 14.7%, supported by lower costs and a 39.6% drop in impairments. Net interest income fell 4.6% to 32.95Bn, the first decline since 2017, after loan interest dropped to 32.60Bn from 40.59Bn. The loan book shrank for a second year to 309.7Bn while investment in government securities rose to 119Bn. Operating income held at 46.56Bn as non-interest income grew 11.2%.Kenya Retires KSh 20Bn at Deep Discount in Overbid Buyback of May 2026 Bond
Kenya retired KSh 20.08Bn of the FXD1/2023/003 bond after KSh 34.30Bn in bids, clearing at a 7.8019% yield.NBV Hits Five-Year Low, Uchumi and DTB Extend Gains in Monday Trading
The market opens Week 47 mixed. NBV drops to a five-year low at KSh 1.48. DTB hits KSh 116 and Uchumi rises to KSh 0.52. Co-op trades at KSh 25.00, holding its record highs. Turnover stands at KSh 270M with Safaricom leading at KSh 69M. Foreign investors buy KSh 16.4M and sell KSh 73.5M. NASI is up 0.5% at midday.Acorn Secures CMA Approval for KSh 2.2 Billion Build-To-Rent D-REIT
Acorn, who own Qwetu and Qejani student accommodations, has received CMA approval for a new Build-To-Rent D-REIT backed by KSh 2.20Bn to grow affordable rental housing for young Nairobi workers.
