Unga Group's Interim Profit Spikes by 537% on Lower Finance Costs
Unga Group posted a sharp interim rebound for the six months ended December 2025, with profit after tax rising 537% to KSh 523.2 million as operating margins recovered and finance costs fell 53%. Revenue climbed 12% to a record KSh 14.48 billion, lifting operating profit above KSh 746 million. Management cited cost discipline, stable FX and easing interest rates, while withholding a dividend to rebuild working capital.
Longhorn Publishers Narrows Half-Year Loss to KSh 11mn
Longhorn Publishers narrowed its interim loss to KSh 11 million in the six months ended December 2025, from KSh 148.6 million a year earlier, as revenue rose 88% to KSh 524.2 million on higher school coverage and government orders. Gross margin improved to 45.8% and finance costs fell 22% after debt restructuring. Management expects a stronger second half, supported by digital learning rollout and Mybidhaa expansion.Carbacid Interim Profit Rises on Valuation Gains as Core Operations Weaken
Carbacid Investments reported a 6.9% rise in half-year profit to KSh 464.96 million for the six months to January 2026, supported by a 3.8% increase in turnover to KSh 976.35 million. Operating profit fell 2.2% as gross margin narrowed to 64% and administration costs rose 15%. Earnings growth was driven mainly by KSh 106.20 million in equity revaluation gains, while operating cash flow declined 24% and cash balances fell after dividend payments exceeded cash generation.Data Boom, Subscriber Growth Lift Airtel Uganda Earnings in 2025
The telco attributed the shift to higher data consumption, wider smartphone adoption, and a growing preference for bundled services.CIC Insurance Issues Profit Warning as Claims Pressure Builds
CIC Insurance Group has issued a profit warning, saying FY 2025 profit after tax will fall by at least 25% from 2024 as elevated claims and weaker underwriting weigh on earnings. The warning comes a week after the insurer sold land worth about KSh 1.8 Bn to improve liquidity and reflects the absence of a one-off KSh 1.0 Bn land revaluation gain booked last year, which had lifted reported profits.Ethiopia's Banks Pull Back at Foreign Exchange Auction as Exposure Limits Bind
After weeks of heavy oversubscription, demand eased at Ethiopia’s latest USD 500 million FX auction, leaving about USD 45 million unallocated. Banks took up roughly USD 455 million, as exposure limits and rising pricing risk began to cap bids despite persistent dollar shortages.Kenya Added KSh 1.37 Trillion Debt in 2025, Domestic Lenders Carry the Load
Kenya’s public debt increased by KSh 1.37 trillion in 2025 to KSh 12.30 trillion, lifting the debt ratio to 67.5 percent of GDP. Domestic borrowing accounted for about 70 percent of the rise, with banks, insurers, and pension funds absorbing most new issuance. External debt grew more moderately, led by multilateral lenders, while bilateral exposure fell, including sharp reductions from China. Debt servicing pressures intensified, with nearly half of FY 2025/26 interest costs already incurred by December.Kenya's Formal Milk Intake Crossed One Billion Litres in 2025
Kenya’s formal milk intake crossed one billion litres in 2025 for the first time, rising 11.5% from 909.0 million litres in 2024. The milestone caps a strong post-2021 rebound after a 2022 dip, with three straight years of growth. Monthly data shows 11 of 12 months hitting record highs, lifting the annual total. Sector reforms, expanded collection networks, and more stable processor payouts pulled more milk into formal channels, pointing to a durable shift rather than a temporary seasonal lift.NSE Posts First Five-Day Losing Week Since March 2025
The NSE ended the week of Feb 20, 2026 lower in all five sessions, its first full weekly decline since March 2025. The market shed KSh 107.47Bn after a record rally the prior week, yet 14 stocks hit new 52-week, multi-year, and all-time highs, highlighting sharp internal divergence.Kenya Escalates Drought Interventions
This suggests that while drought risks are mounting in vulnerable counties, broader inflation pressures remain contained at the national level
Kenya Raises KSh 290.3Bn to Refinance Eurobond Debt
The Kenyan Government has raised US$2.25B (KSh 290.3B) in a dual-tranche Eurobond sale to refinance near-term external debt, funding a buyback of its 2028 and 2032 notes and extending maturities to 2034 and 2039. The state sold US$900M seven-year notes at 7.875% and US$1.35B 12-year notes at 8.700%, with proceeds set aside to retire up to US$500M (KSh 64.5B) of outstanding Eurobonds and support the budget. Treasury linked the deal to improved investor confidence following Kenya’s recent credit rating upgrade.Kenya Grants Uganda Exclusive Board Seats in KPC
The government has extended the Kenya Pipeline Company IPO by three working days after the Capital Markets Authority approved a revised closing date of February 24, 2026, following investor feedback during the offer period. The extension comes alongside governance amendments that recognize KPC’s regional role, including board nomination rights for Uganda subject to shareholding thresholds. Offer terms remain unchanged, with allocation results due on March 4 and trading set to begin on the Nairobi Securities Exchange on March 9.
