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Unga Group's Interim Profit Spikes by 537% on Lower Finance Costs
Unga Group posted a sharp interim rebound for the six months ended December 2025, with profit after tax rising 537% to KSh 523.2 million as operating margins recovered and finance costs fell 53%. Revenue climbed 12% to a record KSh 14.48 billion, lifting operating profit above KSh 746 million. Management cited cost discipline, stable FX and easing interest rates, while withholding a dividend to rebuild working capital.
Kenyan Startups Steal the Show at Sankalp Africa Awards
Zimbabwe Rejects U.S. Health Funding Deal Over Data Sovereignty Concerns
Zimbabwe has rejected a proposed US$ 367 million US health funding deal, citing concerns over data sovereignty and benefit-sharing provisions linked to biological samples.
AfDB, AU Renew Calls for Visa-Free Travel Across Africa
Longhorn Publishers Narrows Half-Year Loss to KSh 11mn
Longhorn Publishers narrowed its interim loss to KSh 11 million in the six months ended December 2025, from KSh 148.6 million a year earlier, as revenue rose 88% to KSh 524.2 million on higher school coverage and government orders. Gross margin improved to 45.8% and finance costs fell 22% after debt restructuring. Management expects a stronger second half, supported by digital learning rollout and Mybidhaa expansion.
Carbacid Interim Profit Rises on Valuation Gains as Core Operations Weaken
Carbacid Investments reported a 6.9% rise in half-year profit to KSh 464.96 million for the six months to January 2026, supported by a 3.8% increase in turnover to KSh 976.35 million. Operating profit fell 2.2% as gross margin narrowed to 64% and administration costs rose 15%. Earnings growth was driven mainly by KSh 106.20 million in equity revaluation gains, while operating cash flow declined 24% and cash balances fell after dividend payments exceeded cash generation.
After Two Years on the Grey List, Kenya Moves From Law to Action
Last week, the National Assembly committee on Finance and National Planning formally approved Naphtaly Kipchirchir Rono as the new Director-General of the FRC.
SGR Push to Malaba Marks New Phase in East Africa's Rail Race
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 centres
Kenya Courts IFC to Structure KShs 5 Trillion Infrastructure Fund
President William Ruto has held talks with the International Finance Corporation (IFC) on plans to establish a National Infrastructure Fund aimed at mobilizing up to KShs 5 trillion for priority projects. The proposed hybrid fund is expected to attract multilateral and private sector capital to finance roads, energy, irrigation and transport, while easing pressure on public debt.
APA Insurance's Parent Company Taps EABL CFO Risper Ohaga to Lead Next Growth Phase
Financial services conglomerate APA Apollo, the parent company of APA Insurance, has appointed Risper Ohaga to succeed Ashok Shah, who has led the company for fifty years, as CEO