Building Wealth on the Nairobi Securities Exchange - Just Money Podcast
In the sixth episode of the Just Money Podcast, Our host Just Ivy Africa, sits down with John Collins Mbugua, Senior Analyst at Faida Investment Bank, and Ronny Chokaa, Senior Research Analyst at Capital A Investment Bank, to dispel the myth that investing is only for the wealthy.
Treasury Settles KSh 29.7Bn Tax-Free 2022 IFB, FY25/26 First-Half Redemptions Reach KSh 139.6Bn
The treasury settled the tax-free IFB1/2022/006 today, paying KSh 29.7B in interest and principal. This pushes FY25/26 maturities to KSh 139.6B so far, driven by the large August redemption of FXD1/2023/002 and September’s IFB1/2013/12 payout. Another KSh 25.2B falls due on 8 December across three FXD2/2010/15 tranches.
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.
