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Uchumi Extends Rally, BK Group at new NSE Highs. Bank Q3 Earnings Continue to Shape Trade
Uchumi climbs to KSh 0.68 and Bank of Kigali hits its highest level since 2019 in Thursday trade. Turnover stands at KSh 498.8M with Safaricom leading. Foreign buys hit KSh 182.27M and sells KSh 176.5M. NASI is up 0.18%. Major banks release Q3 results led by KCB, NCBA, I&M, DTB and Stanbic, while Safaricom secures approval for a KSh 40B MTN.
Kenya’s Counter-Terror Sweep Targets Cryptocurrency Channels
Suspected terror financing as courts move to detain a Mombasa-based lawyer for two weeks while inquiries continue into the use of cryptocurrency networks in the financing chain
Kakuzi Warns of Investor Risks after Regulator Orders 3,200-Acre Land Surrender
Kakuzi has warned investors of material risk after the National Land Commission ordered the surrender of 3,200 acres to settle historical land injustice claims. The ruling also directs fresh titling, relocation of schools and public utilities and the regularisation of settlement schemes inside its farms. Kakuzi says the measures threaten operations and earnings. The company plans to pursue legal options as government agencies move to enforce the directives.
Absa, StanChart Uganda Retail Deal Enters COMESA Probe Stage
The regional competition watchdog has opened a formal inquiry into Absa Bank Uganda’s planned acquisition of Standard Chartered Bank Uganda’s wealth and retail banking business,
DTB Posts KSh 8.36Bn Q3 Profit as Interest Income Jumps 17.9%
Diamond Trust Bank’s Q3 2025 profit rose 12.3% to KSh 8.36Bn, driven by strong lending growth and a 17.9% rise in net interest income.
Stanbic's Q3 Profit Dips 7.5% to 9.38Bn on Lower Non-Funded Revenue
Stanbic Bank Kenya reported a softer Q3. Profit after tax fell 7.47 percent to 9.384Bn as non-funded income dropped 24.54 percent to 7.820Bn. Operating income declined 3.48 percent to 28.327Bn. Interest income improved with net interest income up 8.02 percent to 20.507Bn. The loan book grew 15.72 percent to 253.144Bn and deposits rose 4.88 percent to 343.854Bn. Asset quality improved with NPLs down 8.25 percent.
AfDB Rallies Stock Exchanges to Reinvent Africa's Financial Future
The African Development Bank Group (AfDB) has urged capital market players to help bridge the financing gap for the continent's development needs
NCBA Lifts Q3 Profit to KSh 16.4Bn Despite Higher Loan Loss Charges
NCBA posted a stronger Q3 with profit after tax at KSh 16.4Bn, up 8.5 percent. Operating income rose to KSh 53.4Bn while loan loss charges increased 24.5 percent to KSh 5.1Bn. Customer deposits and assets fell as lending stayed soft. Digital lending crossed KSh 1Tn, showing the Group’s strongest growth driver.
KCB Nine-Month Profit Rises 6.9%, Deposits Dip
KCB Group has posted a profit after tax of KSh 47.3Bn for the nine months to September 2025 on stronger interest income, tighter cost control
Ernest & Young Fined KSh 10 Mn Over Uchumi’s 2014 Rights Issue Failures
Ernst & Young has been fined KSh 10 million by the Capital Markets Authority over failures in Uchumi Supermarkets’ 2014 rights issue. CMA said EY did not ensure accurate disclosure of material facts in financial statements used in the transaction. The regulator also ordered three years of supervised remedial training for EY audit staff and warned that non-compliance could lead to a ban on auditing listed firms. Two former EY partners were also flagged for disciplinary action.
Ride-Hailing Drivers’ Strike Spikes Rush for Alternatives
A nationwide strike by a section of digital taxi operators is upending the ride-hailing market, sending drivers and riders scrambling for alternatives and briefly elevating Little Cab