Uchumi's Share Price Spikes 600% as Retailer Posts First Operating Profit in 11 Years
Uchumi posted its first operating profit since 2014, reporting 8.8 million shillings for FY25 as rental income and lower overheads supported a narrow turnaround. Sales rose 88% to 123 million, while creditor settlements reached 95% under the restructuring plan. The market reacted sharply, with the share up 200% in November and 617% year-to-date, the strongest performance at the NSE. Net income remains undisclosed and retail operations remain limited.
Rushbox Acquires BuyRentKenya in Strategic Real Estate Expansion
BuyRentKenya has been acquired by African proptech firm Rushbox Ltd. in a deal that signals renewed consolidation in the region’s digital real estate sector.
HF Group Q3 Profit Doubles to KSh 988.7Mn, Extending Four-Year Earnings Rebound
HF Group delivered its strongest third-quarter results in almost a decade after net profit doubled to 988.7Mn on higher interest income and stronger fees. Operating income rose to 4.496Bn as deposits and the investment book expanded. Core capital increased fivefold to 9.243Bn while gross NPLs eased, extending the group’s recovery.Cytonn’s Appeals Dismissed as Courts Confirm Over KSh 11 Billion Investor Exposure
Cytonn has lost all 18 appeals, confirming the liquidation of CHYS and CPN and tracing over KSh 11 billion from more than 3,000 investors into its SPVs. Courts upheld preservation and vesting orders over key projects including RiverRun, Kilimani, Alma, CySuites, Taraji, Ridge and Superior Homes. The Official Receiver now has full control to recover investor funds.Acorn Secures CMA Approval for KSh 2.2 Billion Build-To-Rent D-REIT
Acorn, who own Qwetu and Qejani student accommodations, has received CMA approval for a new Build-To-Rent D-REIT backed by KSh 2.20Bn to grow affordable rental housing for young Nairobi workers.Tatu City: How Kenya's $4 Billion SEZ Hub is Redefining Urban Investment and Global Competitiveness
With an investment now hitting approximately $4 billion, Tatu City is confidently considered the home of the largest Foreign Direct Investment (FDI) in Kenya.
Top Interior Design Trends in Kenya for 2025
Styles and tastes have evolved over the years, shaped by culture, travel, technology, and even the times we live in. And Kenya is no exception.
Rent vs Mortgage in Nairobi: Which Option Makes More Sense?
Nairobi’s Satellite Towns Deliver 13-Fold Gain in Land Value in 18 Years
Land has outpaced every other asset class in appreciation, rising 13-fold in under two decades in some satellite towns.Property Developers Chart the Future of Kenya's Real Estate Sector
A few weeks ago, different players in the real estate industry gathered in Westlands to discuss and dissect issues related to sustainable design, decentralized infrastructure management, and the institutionalization of [...]How Superior Homes Kenya is Tackling Structural Housing Hurdles
Kenya’s housing sector faces structural hurdles that continue to widen the gap between demand and supply. With an estimated 2 million-unit deficit, the country needs about 250,000 new homes annually [...]Superior Homes CEO Shiv Arora to Exit as Founder/MD Ian Henderson Returns
Superior Homes CEO Shiv Arora will step down from the role at the end of 2025 after five years at the helm, as Managing Director Ian Henderson relocates back to [...]
