Sanlam Allianz Kenya Posts Best Profit in Over a Decade
Sanlam Allianz Holdings (Kenya) PLC reported a profit before tax of KSh 1.315 billion for the full year ended 31 December 2025, its best result since 2014. The insurance service result surged 45.7% to KSh 951.5 million, reflecting stronger underwriting discipline and reinsurance optimisation. A KSh 2.5 billion rights issue retired the group's Stanbic Bank debt, cutting borrowings 66.3% and nearly tripling shareholders' funds to KSh 4.635 billion. The deposit administration fund grew 20.1% to KSh 4.727 billion, supported by the launch of Akiba Plus, the group's digital pension platform.
Kenya Pipeline to Remain on Catholic Church Land Despite Invalid Deal
An Eldoret court has ruled that an underground oil pipeline can remain on land owned by the Catholic Church, even though the agreement used to justify it was found to be invalid.
Kenya's Diaspora Sent Home Record KSh 58Bn in March Despite Middle East Unrest
Kenyan diaspora remittances reached an all-time high of US$ 450.30Mn (KSh 58.12Bn) in March 2026, up 6.5% year-on-year, surpassing the previous record of US$ 445.39Mn set in December 2024. Q1 2026 cumulative inflows stood at US$ 1,274.35Mn (KSh 164.53Bn), up 3.4% from Q1 2025. The US remains the dominant corridor at 50.4% of flows. Saudi Arabia flows fell 12.9% year-on-year in February while UAE jumped 24.4%. CBK has revised its 2026 full-year forecast down to US$ 5.1Bn, citing Gulf risks from the Iran conflict.Foreign Investors Turn Net Buyers in Week 16
The NSE extended its recovery to a third consecutive week, adding KSh 18.53Bn as all indices closed green. The US-Israel-Iran ceasefire eased geopolitical pressure, though Hormuz shipping remains restricted and Murban crude held near $90. Foreign investors recorded their first net inflow since mid-March at KSh 78.17M. KPC dominated trading with 228M shares worth KSh 2.27Bn. Market cap at KSh 3,451.45Bn has recovered KSh 209.63Bn of the KSh 231.17Bn Week 13 loss. FX reserves fell for a sixth straight week to USD 13,306M. The 30-year bond auction was oversubscribed at 191.7%.Kenya Power is Losing KSh 12.8bn Annually to System Inefficiencies It Has Failed to Fix
Kenya Power has failed to meet every system loss target set by EPRA across six consecutive years, with losses standing at 22.07% in H2 FY2025/26 against a benchmark of 16.5%. The 5.57 percentage point gap implies approximately KSh 12.8 billion in annual unbilled revenue absorbed entirely by the utility. A June 2023 government target required losses to reach 14.4% by June 2025. That deadline passed unmet, with losses at 21.21% per KPLC's own FY2025 report. The revised target is now 2028.CBK's First New Bond Issuance in 19 Months Draws KSh 31Bn in Bids
CBK raised KSh 30.06Bn from its April auction pairing the new 30-year FXD1/2026/030 (12.50% coupon, maturing March 2056) with the reopened SDB1/2011/030 (12.00% coupon, maturing January 2041), exceeding the KSh 20Bn target by 50%. The new bond drew KSh 31.28Bn in bids but cleared at 13.76% yield, pricing at 91.04 per KSh 100, well below par. The SDB attracted KSh 7.05Bn and cleared at 13.00%. Net borrowing through 15 bond auctions since July 2025 now stands at KSh 767.75Bn, 87% of the revised FY2025/26 domestic target of KSh 885.9Bn.LAPTRUST Imara I-REIT Posts Third Straight Loss as Rental Income Drops 39%
LAPTRUST Imara I-REIT recorded a net loss of KSh 280.32Mn for the year ended 31 December 2025, worsening from KSh 204.30Mn in FY2024. Rental income collapsed 39.4% to KSh 290.58Mn while a KSh 540.10Mn fair value markdown on investment property, the third consecutive annual loss of this kind, pushed cumulative property value erosion to KSh 1.29Bn since listing. Total equity fell to KSh 5.95Bn, implying a NAV per unit of KSh 17.20 against the KSh 20 listed price. A final distribution of KSh 0.60 per unit was approved, payable by 30 April 2026.Kenya's Listed Companies Have 75 days to File Sustainability Readiness Reports
Kenya's NSE-listed companies are required to publish sustainability disclosures aligned with IFRS S1 and S2 from 1 January 2027, under a national roadmap now in its final phase. The NSE and ICPAK have set 30 June 2026 as the deadline for listed issuers to submit readiness assessments and engage independent assurance providers. KCB Group is the only confirmed early adopter among NSE financial institutions. The deadline arrives as listed companies post a record governance score of 78.88% on the CMA's FY 2024/2025 scorecard, though regulators warn the IFRS compliance bar is materially higher than current governance disclosure standardsWhy Sameer Africa's KSh 9.19Bn in Properties Sit in Its Books at KSh 933Mn
Sameer Africa Plc is set to complete the sale of 3.75 acres of Mombasa Road land valued at US$7.13 Mn (KSh 919.70 Mn), carried on its books at KSh 15,000, with closure projected in Q2 2026. The proceeds would clear the company's retained earnings deficit of KSh 206.72 Mn and unlock dividends for the first time since FY2014. The deal spotlights a wider valuation gap: Knight Frank values Sameer Africa's investment property portfolio at KSh 9.19 Bn against a book value of KSh 932.79 Mn, implying unrecognized gains of KSh 8.26 Bn. The company holds an estimated 85-acre land bank in Nairobi's Embakasi area. The 3.75 acres being sold is less than 5% of that total.BOC Kenya Extends 56-Year Unbroken Record with KSh 314Mn Profit in 2025
BOC Kenya posted record profit after tax of KSh 314.02Mn for FY2025, up 48.4% year-on-year, as revenue rose 18.5% to KSh 1.427Bn on stronger engineering project activity and rising medical and industrial gas demand. Operating profit jumped 72.5% to KSh 383.68Mn, pushing the operating margin to 26.9%. The board proposed a final dividend of KSh 10.35 per share, bringing the total FY2025 payout to a record KSh 12.85.CIC Insurance AGM on May 8 to Ratify Bonus Share Residuals
CIC Insurance Group's 47th AGM on May 8, 2026 will ask shareholders to ratify 53,587 additional ordinary shares allotted by the Board in June 2025, arising from fractional entitlements after the 1-for-10 bonus issue approved at the May 2025 AGM. The shares rank pari passu with existing stock. The meeting also covers FY2025 results, where net profit fell 82% to KSh 513.8 million, and a flat dividend of KSh 0.13 per share. Insurance revenue grew 12% to KSh 29.50 billion.Sameer Africa Sells Last Tyre, Posts Best Operating Profit in 12 Years
Sameer Africa Plc posted operating profit of KSh 292.64 Mn for the year ended 31 December 2025, the highest since 2013, as revenue rose 11.1% to KSh 432.74 Mn entirely from investment property rentals. The company recorded zero tyre revenue for the first time in its 56-year history. Total equity crossed KSh 1.00 Bn for the first time in the post-manufacturing era, rising 37.3%. Net profit advanced 5.5% to KSh 274.28 Mn with EPS of KSh 0.99. A pending land sale valued at KSh 919.70 Mn is projected to close in Q2 2026, with proceeds worth more than three times annual net profit.
