Qwetu, Qejani operator posts KSh 1.52B Profit as Refinancing Offsets Rental Revenue Slide
Qwetu and Qejani operator Acorn Investment Management posted a combined net profit of 1.52 Bn across its two REITs in 2025, up 9.4%, as a 590 basis point cut in borrowing costs at the income REIT drove a 38% increase in distributions to 0.84 per unit despite a 3.0% decline in rental income. The Development REIT's profit held at 854.22 Mn as rental income more than doubled to 420.14 Mn, though finance costs surged 158.3% to 900.61 Mn to fund an active construction pipeline now extending to Eldoret and Kakamega for the first time.
HF Group Completes Turnaround With Record Profit and Tier II Status
HF Group PLC posted a record profit after tax of KShs 1.42 billion for the full year ended 31 December 2025, the highest in the institution's history, as net interest income expanded 63.8% to KShs 4.36 billion. The result was driven by a 66% build-up in government securities to KShs 28.27 billion and a 22% reduction in the weighted deposit rate. Total assets reached KShs 82.40 billion. The banking subsidiary HFC was reclassified as a Tier II bank by the CBK in August 2025.Missing Rent, Lost Land, Windows 2012: What the Auditor-General Found at Kenya Railways
The Auditor-General issued a qualified opinion on Kenya Railways Corporation's FY2025 accounts for the second consecutive year, citing six grounds: 119 land parcels without title deeds within a KSh 18.75 Bn land balance, KSh 16.91 Bn in completed projects misclassified as work-in-progress, a KSh 520 Mn unreconciled rental income variance, KSh 1.28 Bn in receivables dating to 2011, flawed student debtor accounts at RTI and 1,981 freight invoices with no matching ERP entries. Eight prior-year issues remain unresolvedStandard Chartered Kenya to Auction Nakumatt-Linked Properties
Standard Chartered Bank Kenya has issued a statutory notice to Nakumatt Investments over unpaid loan facilities totaling millions of dollars and nearly KShs 1 billion. The bank warned that properties in Nairobi, Nakuru, and Mombasa pledged as collateral could be auctioned if the borrower fails to clear the debt within 90 days.
ALP Industrial REIT Raises US$29.55Mn in Kenya’s First Logistics Property Listing
ALP Industrial REIT raised US$29.55 Mn (KSh 3.82 Bn) after investors subscribed 98.5% of a US$30 Mn restricted offer, positioning Kenya’s first logistics-focused REIT for listing on the Nairobi Securities Exchange on March 11, 2026. The offer attracted institutional backing, including a US$5 Mn commitment from InfraCo Africa for a pipeline asset, lifting total participation linked to the transaction to 115.17% of the offer size.MRE Real Estate's KSh 400mn Manyanja Mall Bets on Nairobi’s Neighbourhood Retail Surge
MRE Real Estate has broken ground on a Ksh 400 million mixed-use commercial mall in Eastlands, Nairobi, betting on the continued shift toward neighbourhood retail centresTatu City Bets on Wildlife Sanctuary to Anchor Tourism Push in Kiambu
Kiambu County could soon add conservation tourism to its economic profile after Tatu City Limited submitted an Environmental Impact Assessment (EIA) study to the National Environment Management AuthorityNairobi’s Prime Property Market Cools, Buyers Shift to Peri-Urban Hubs
Kenya’s property market cooled in the second half of 2025, with prices showing little movement from the first six months of the year as developers grappled with rising supplyCIC Insurance Raises KShs 1.8Bn from Land Sales in Kajiado, Kiambu
CIC Insurance Group has sold 150 acres of land near Tatu City and in Kajiado, raising KSh1.8 billion. The proceeds will enhance the insurer’s liquidity and support its balance sheet optimization strategy.Kenya’s Property Market Enters Cautious Phase Ahead of 2027 Elections
Political uncertainty and tighter financing conditions are prompting developers to delay new projects, while capital shifts toward segments backed by structured funding and resilient demand.LAPTRUST Imara I-REIT Issues Profit Warning on Lower Rental Income
LAPTRUST Imara I-REIT has issued a profit warning, cautioning that earnings for the year ending December 31, 2025 will decline by at least 25% compared with the previous period, driven mainly by weaker gross rental income. The warning marks a shift from 2024, when operating performance improved sharply but results were weighed down by non-cash property valuation losses. The REIT said the outlook is based on management accounts to October 2025 and did not revise distribution guidance, placing focus on the durability of rental cash flows going into 2026.Mi Vida's Residential Projects Earn IFC EDGE Certification
Mi Vida Homes' residential projects have secured the EDGE (Excellence in Design for Greater Efficiencies) Preliminary Certification by the International Finance Corporation (IFC).
