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Uchumi, Limuru Tea Lead Tuesday Gains as Foreign Sells Stay Heavy
Uchumi rises to KSh 0.57 and Limuru hits its highest level since 2022 in Tuesday trade. Turnover reaches KSh 690M, led by Safaricom at KSh 314M. Foreign sells stand at KSh 323M and buys at KSh 35M. NASI slips 0.16%. Absa reports Q3 profit of KSh 16.9B, up 14.7%, with non-funded income rising 11.2% to KSh 13.61B.
Stears, Ventures Platform Launch Index to Track Liquidity in African Private Markets
Stears, a financial data provider, and venture capital firm Ventures Platform, have launched the Stears-VP Liquidity Index (SVL Index)
Digital Fraud Surges in Kenya, Gaming Sector Leads with 10.4%
Goldman Sachs to Acquire Kenya's Mace Consult
Competition Authority has approved the takeover of Mace Consult’s Kenyan units by Consult Bidco, a Goldman Sachs-controlled acquisition vehicle with no activity in Kenya.
Absa Bank's Q3 Profit Up 14.7% to KSh 16.9Bn, Lending Falls Again
Absa Bank Kenya reported a Q3 2025 profit of KSh 16.9Bn, up 14.7%, supported by lower costs and a 39.6% drop in impairments. Net interest income fell 4.6% to 32.95Bn, the first decline since 2017, after loan interest dropped to 32.60Bn from 40.59Bn. The loan book shrank for a second year to 309.7Bn while investment in government securities rose to 119Bn. Operating income held at 46.56Bn as non-interest income grew 11.2%.
State House, Security, Social Programs, Lead In Spending Spree On Wages
High early spending by these entities points to the likelihood of additional funding next year to support its obligations, defeating the government's promise for austerity
Kenya Retires KSh 20Bn at Deep Discount in Overbid Buyback of May 2026 Bond
Kenya retired KSh 20.08Bn of the FXD1/2023/003 bond after KSh 34.30Bn in bids, clearing at a 7.8019% yield.
NBV Hits Five-Year Low, Uchumi and DTB Extend Gains in Monday Trading
The market opens Week 47 mixed. NBV drops to a five-year low at KSh 1.48. DTB hits KSh 116 and Uchumi rises to KSh 0.52. Co-op trades at KSh 25.00, holding its record highs. Turnover stands at KSh 270M with Safaricom leading at KSh 69M. Foreign investors buy KSh 16.4M and sell KSh 73.5M. NASI is up 0.5% at midday.
COMESA Probes Salvo Grima’s Bid for Majority Stake in Noble Outlook Kenya
The COMESA Competition Commission has opened an inquiry into Salvo Grima Kenya’s proposed acquisition of a 75% stake in Noble Outlook Limited.
LemFi Launches Instant Access Savings Accounts to help UK immigrants grow their savings and build financial freedom
LemFi launches Instant Access Savings Accounts to help UK immigrants grow their savings and build financial freedom
MyCredit, Enkisoma Africa, Partner to Inject KSh 1.2 Billion into Digital Education
MyCredit Limited, a digital credit provider, and Enkisoma Africa Limited, an ed-tech company, have signed a KSh 1.2 billion memorandum of understanding.