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Home Afrika Posts Second Straight Profit But Balance Sheet Stress Lingers
NSE-listed Home Afrika delivered a KSh 117.89 million profit in FY2025 as cost cuts and golf course income offset a 34.9% revenue drop. Margins expanded across all measures but the KSh 680.95 million private placement bond remains unresolved and total equity stays deeply negative.
Kenya Pushes for Fair AI Pricing, Local Engineering Presence in Talks with Global Tech Firms
Kenya is stepping up engagement with global technology companies to push for fairer pricing models, localized innovation, and stronger participation in the country’s digital economy
South Sudan Declines to Renew Oranto Petroleum's Exploration License
South Sudan has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3,
Amazon Applies for License To Rival Starlink in Kenya
The filing marks a concrete step in Amazon’s plan to roll out Amazon Leo (original codename: Project Kuiper), a satellite constellation of more than 3,200 spacecraft expected to be fully deployed over the coming years.
Car & General Posts Record KSh 2.45Bn Profit on Watu Credit Windfall
Car & General (Kenya) PLC posted record profit after tax of KSh 2.45 Bn for FY2025, up 365.5% from KSh 526 Mn. Revenue rose 21.0% to KSh 25.34 Bn. The result was driven by a 670.9% surge in Watu Credit associate income to KSh 1.69 Bn and a boda boda recovery to 8,000 units per month.
Troubled East African Cables Delays 2025 Accounts Amid Rescue Talks
East African Cables (In Administration) has delayed publication of its FY2025 audited financial statements to no later than 31 October 2026, citing an ongoing administration process and active investor talks aimed at resolving its debt structure. PwC administrators George Weru and Muniu Thoithi have been seeking financial or strategic investors since July 2025. The company and parent TransCentury have been suspended from NSE trading since June 2025 over a combined KSh 5 billion Equity Bank debt.
Kenya's Private Sector Wages Up 10.5% But Sectors' Pay Gap Widens
The widening dispersion in earnings is occurring alongside a steady expansion in total wage payments in the overall economy, which rose to KSh 3.28 trillion in 2025, up 9.2% from the previous year.
I&M Bank Opens KSh 10Bn Note Offer at 12.20% as Corporate Debt Market Heats Up
I&M Bank has launched a KSh 10 billion fixed-rate note offer at 12.20% p.a. under a KSh 20 billion MTN programme, with a KSh 3 billion greenshoe. The 5.5-year notes list on the NSE on 21 May 2026. The offer arrives as falling CBK rates drive a wave of corporate debt issuances in Kenya.
Inside Kenya's Push For Expanded Alcohol Tracking System to Curb KSh 120bn Tax Losses
Kenya could extend mandatory excise stamps to all alcoholic beverages including second-generation brews as authorities move to plug an estimated KSh 120 billion in annual tax losses
TotalEnergies Kenya Delivers Highest Dividend Since 1999
TotalEnergies Marketing Kenya posted a 46% rise in FY2025 profit after tax to KSh 2.17Bn, driven by EPRA retail margin reform that lifted gross profit 33% to KSh 11.98Bn. The company declared a KSh 3.45 dividend, its highest since 1999, while operating debt-free and doubling aviation revenue to KSh 8.86Bn.
Billions Remain Held in Unclaimed Assets as Claims Decline
The total value of unclaimed financial assets held in Kenya has reached a record high, even as the number of individuals successfully claiming their funds has seen a notable decline.