Safaricom's Balance Sheet Takes KSh 111Bn Hit as FX Losses Bite
Safaricom PLC has posted a net profit of KSh 69.8 billion and maintained a KSh 48.08B dividend, but its total equity fell by KSh 111.7B (–33.3%), from KSh 335.7B in [...]
NSE Launches EmpowerHER Patrons Circle to Champion Gender Inclusion in Capital Markets
Nairobi, Kenya–May 8, 2025—Today, the Nairobi Securities Exchange Plc (NSE) proudly unveiled theNSE EmpowerHER Patrons Circle, a dynamic leadership and advocacy platform dedicated toaccelerating gender inclusion, improving women’s access to [...]
Safaricom’s Revenue Tops 3 Billion Dollars, A First In The Region, As Investment In New Technology Pays Off
Nairobi, Kenya; Addis, Ethiopia – 9thMay 2025Safaricom PLC (NSE:SCOM) has announced an 11.2% growth in total revenue to KES 388.7 billion ($3 billion) for the financial year ending 31stMarch 2025, [...]NSE’s Ibuka Program Opens Opportunities for SMEs to Unlock Investment and Financing
Micro, Small and Medium Enterprises (MSMEs) are the undeniable backbone of the Kenyan economy, making up 98% of all businesses in the country. Unfortunately, they often lack the necessary corporate [...]
Stanbic Bank Kenya Posts 16.6% Dip in Profits in Q1
Stanbic Bank Kenya, which once again maintained its tradition as the first bank to release earnings, reported a 16.6% drop in net profit for Q1 2025 to KSh 3.33 billion, [...]MTN Uganda's Q1 Profits Surge 21% Driven By Data and Fintech Growth
Uganda's largest telecommunications company, MTN Uganda, has reported its Q1 2025 financial results, marked by double-digit revenue growth supported by expanding data and fintech services. The company’s fintech division, which [...]Sasini Slides to KSh 113mn Loss in H1 2025
Sasini PLC posted a KSh 113.1mn net loss for the half-year ended 31 March 2025, weighed down by higher costs and flat revenues as pressure on the group's core agribusiness [...]Kenya’s Secondary Bond Market Surges 95% in Q1, On Track for Another Record Year
Kenya's secondary bond market had a great start to 2025, with trading volumes that highlight increased investor interest and better market liquidity. . Among the infrastructure bonds that drove the [...]Liberty Kenya Shareholders Set for Dual Dividend Boost After Tanzania Exit
Liberty Kenya Holdings Plc has announced plans to issue a special dividend of KSh 0.60 per share, tied to the proceeds of the sale of its 60% stake in Heritage [...]Home Afrika Breaks Decade-Long Loss Making Streak
After a decade of losses, listed real estate developer Home Afrika Limited has returned to profitability, posting a KSh 133.5 million net profit in 2024, from a KSh 27.8 million [...]Banks Push Back on CBK's Loan Pricing Proposal, Warn of Credit Crunch
The Kenya Bankers Association (KBA) has opposed the Central Bank of Kenya’s (CBK) proposed changes to the credit pricing framework, warning that the reintroduction of interest rate controls would restrict [...]Ex-CEO Tussles with Standard Group Over Unpaid Dues
A court has ordered Standard Media Group to make the first instalment of the remaining part of KShs 38,342, 857 it owes its former Group CEO Orlando Lyomu by May 5th. By [...]
