Author: Korir Issa

Absa Group’s tender offer to buy up to 895.99 million additional shares in Absa Bank Kenya closes tomorrow, 11 August 2026, at 5:00pm. The Offer The Johannesburg based lender is offering KES 34.50 per share for up to 895,989,600 ordinary shares, equivalent to 16.5% of Absa Bank Kenya’s issued share capital. The transaction is worth roughly KES 30.9 billion. Absa currently holds 3.72 billion shares, or 68.5% of the bank. If the offer is fully subscribed, that stake will rise to 4.62 billion shares, or 85.0%, cutting the bank’s public float from 31.5% to 15%. The tender price represents an…

Nairobi’s land market bounced back sharply in the second quarter of 2026, with suburb prices growing 1.4 percent after a policy shift cleared up planning uncertainty that had kept developers on the sidelines. Property prices told a more divided story: Nairobi’s suburbs kept extending a recovery in house sales even as satellite towns continued to soften, according to the latest HassConsult Property and Land Price Indices. Land prices accelerate Land in Nairobi’s suburbs grew 1.4 percent in the quarter, nearly double the 0.8 percent recorded in the first three months of the year. Langata led every suburb with a 4.1…

Stanbic Holdings has cut its interim dividend by 56.8 percent to Kshs 1.64 per share, down from Kshs 3.80 a year earlier, even as the bank posted broadly flat profit for the first half of 2026. The board will pay the reduced dividend to shareholders on the register as of September 1, 2026, with payment expected on or about October 5. The cut lands despite profit after tax edging up 1 percent year on year to Kshs 6.61 billion, a result driven more by a sharp drop in credit impairment charges than by underlying business growth. Why the board cut…

Standard Chartered Kenya released its Sustainability Progress Report 2025. The report shows sustainable finance revenue climbing 16 percent to KES 3.5 billion, while sustainable finance assets grew 11 percent to KES 62.5 billion. Since 2021, the bank has generated KES 7.9 billion in cumulative sustainable finance revenue. That growth points to rising client demand for products that support climate resilience, financial inclusion, and long term growth. Birju Sanghrajka, Chief Executive Officer and Head of Coverage at Standard Chartered Kenya, connected the numbers to a shift in how clients approach banking. He said: “Sustainability is no longer a separate conversation from…

The World Cup trophy has been lifted, Spain and Argentina have taken their final bow, and football moves straight back to its weekly rhythm. SuperSport carried all 104 matches of the 2026 tournament live on DStv and GOtv. Starting in August, that same coverage shifts to a full season of Premier League, La Liga, Serie A and Betway Premiership football, with new managers, marquee transfers and title races reshaped by a summer of change. Kickoff Dates To Know The season opens with two curtain raisers before any league ball is kicked. Paris Saint-Germain, winners of the UEFA Champions League, face…

Standard Bank has moved more than $1 billion through China’s Cross-Border Interbank Payment System in the space of a single year, a sign of how fast trade between Africa and China now moves. The lender, Africa’s largest bank by assets, became the first bank on the continent authorised to process transactions through CIPS. It received approval in June 2025 at the Lujiazui Forum in Shanghai and has since carried over CNY 8 billion, roughly $1.2 billion, through the system. What started in South Africa has already spread to Angola, Ghana, Kenya, Lesotho and Tanzania, giving clients across several major trade…