Sasini Exits Avocado Processing After Houthi Disruptions Cut Shipments by 69%
Sasini PLC has invited sealed tenders for the sale of its avocado processing and packing plant at Sameer Industrial Park, Nairobi, through subsidiary Sasini Avocado EPZ Limited. The move follows two years of losses in the fruit segment after Houthi attacks on Red Sea shipping reduced container shipments from 71 in FY2024 to just 22 in FY2025. The plant, commissioned in 2021, processes up to 8 tonnes per hour. Tenders close 8 May 2026. Sasini is pivoting toward Asian markets as it retreats from direct processing.
CBK Breaks 19-Month New Issuance Drought With 30-Year Bond
The Central Bank of Kenya is set to issue the FXD1/2026/030, a new 30-year Treasury bond with a 12.50% coupon maturing March 2056, the first fresh bond issuance in 19 months since September 2024. It is paired with a reopened savings development bond (SDB1/2011/030, 12.00% coupon, 14.9 years remaining) in a combined KSh 20Bn offer. The new issue extends the domestic yield curve by a decade and prices at exactly par with zero accrued interest. It is the third bond auction in April, bringing total monthly issuance to KSh 80Bn across two reopenings and a switch. Auction is 15 April, settlement 20 April.Kenya's FX Stability Anchors I&M Bank’s Push for Transparent, Real-Time Currency Trading via FX Direct
Kenya’s foreign exchange market has entered a period of notable stability, underpinned by strong macroeconomic fundamentals, rising diaspora inflows, and resilient export sectors, according to Henry Kirimania, Director of Global Markets at I&M Bank.
Nairobi Business Ventures Issues FY2026 Profit Warning
Nairobi Business Ventures PLC has issued a profit warning for the financial year ended 31 March 2026, flagging a minimum 25% decline in total earnings compared to FY2025. The SME-listed group, which operates across automobile servicing, aircraft maintenance, and industrial trading, attributed the shortfall to challenging market conditions across its segments. NBV becomes at least the 14th NSE-listed company to issue a profit warning over the past 12 months, joining CIC Insurance, Liberty Kenya, WPP Scangroup, Kenya Airways, and others across multiple sectors.Uchumi Calls First AGM Since 2018 as Survival Fight Continues
Uchumi Supermarkets has called its first annual general meeting since 2018, scheduled for 29 April 2026, where shareholders will adopt eight years of unadopted financial statements in a single sitting. The meeting comes as the company fights to avoid liquidation under a court-supervised CVA, with a Court of Appeal ruling on its disputed KSh 2.38Bn Kasarani land asset remaining the decisive factor in its survival. The company posted an operating profit of KSh 8.8Mn in FY2025 on revenue of KSh 86.29Mn, against total liabilities of KSh 9.8Bn.Hisa Launches Hisa 2.0, Delivering the Investing Experience African Investors Deserve
“This is more than just an update; it’s a complete rebuild,” said Leah Njoroge, COO at Hisa. “We’ve reimagined the platform from the ground up to deliver a faster experience, simplify investing, and lay the foundation for the next phase of growth.”
NSE Rebounds 1.93% but Foreign Investors Sell KSh 748Mn
The NSE snapped its five-session losing streak in Week 14, adding KSh 62.68Bn in market capitalisation as all indices rose, led by the Banking Index at +3.01%. The recovery came on thin volume, with equity turnover down 43% to KSh 2.74Bn. Foreign investors sold KSh 748M into the bounce, their heaviest weekly outflow since Week 11, with every session recording net exits. The top five counters held 82.29% of turnover. ABSA rebounded 8.82% after losing 14.5% in Week 13. Brent crude remained above $100 and the April 15 EPRA review looms. The KSh 62.7Bn recovered represents just 27% of Week 13's losses.Faulu Loss Halves to KSh 496 Mn, NPL Edges toward 30%
Faulu Microfinance Bank, a member of the Old Mutual Group, narrowed its net loss 50.8% to 496.4 Mn for the full year ended 31 December 2025, from 1.010 Bn in 2024. Total income fell 8.8% to 3.091 Bn as loan interest contracted on a shrinking advances book. Staff costs were cut 28.9% to 889.2 Mn and finance costs fell 71.0% to 101.0 Mn after external borrowings were fully repaid. Capital ratios remain below statutory minimums, with core capital to deposits at 6.7% against an 8.0% floor.Kenya's Top Energy Officials Resign Over G2G Fuel Scandal
Kenya's Executive Office of the President has announced the resignation of three senior energy officials: PS Mohamed Liban, KPC Managing Director Joe Sang, and EPRA Director General Daniel Kiptoo Bargoria, following a DCI investigation into an alleged scheme to falsify national fuel stock data and trigger emergency procurement outside the G2G framework. The shipment, carried aboard MV Paloma and docked in Mombasa on 27-29 March 2026, was procured above contracted rates and found non-compliant due to elevated sulphur levels. Investigations continue.March Wipes KSh 343Bn From NSE Shareholders as Middle East War Bites
The NSE closed March 2026 with every major index down between 8.5% and 10.5%. The NSE 10 led losses at -10.49%, the Banking Index fell 8.89%, and the NASI declined 9.84%. Only 7 of 69 listed stocks gained. Foreign investors sold KSh 4.28Bn net across 17 of 22 sessions. Market cap fell KSh 179Bn to KSh 3.23Tn, though the KPC listing in early March masks a deeper KSh 343Bn hit to existing shareholders. Week 13 erased KSh 231Bn, the second worst week since 2008. Banks closed at a median 5.4x P/E and 8.3% dividend yield amid record earnings.Kenya's Listed Firms Post Highest Governance Score in 8yrs, Mandatory ESG Disclosures Loom for 2027
Kenya's 53 listed issuers scored 78.88% on the Capital Markets Authority's FY2024/2025 corporate governance scorecard, the highest in eight years of assessments and only the second time the Leadership Rating threshold has been crossed. Leadership-rated companies rose from 27 to 38 while Needs Improvement issuers fell from 4 to 2, down from 17 in FY2017/2018. All seven CG Code principles reached Leadership Rating simultaneously for the first time. Agriculture remains the only Fair-rated sector at 62.80%. Mandatory IFRS S1 and S2 sustainability disclosure standards are targeted for adoption from January 2027.Kenya's Listed Companies Have Been Shortchanging Shareholders, CMA Report Reveals
Kenya's Capital Markets Authority FY2024/2025 governance report has found that listed companies are delegating to their boards the approval of policies expressly reserved for shareholders under Clause 8.21 of the POLD Regulations 2023, conducting AGMs too short for shareholders to question management, and have for years operated boards filled with directors misclassified as independent. Sixteen of 53 assessed companies have not reached Leadership Rating on the Rights of Shareholders principle. The Agricultural sector scored 62.22% on shareholder rights, the weakest sectoral performance. The Minority Shareholders Association of Kenya has been formally registered in response to these accumulated failures.
