Author: Korir Issa

I&M Group posted a strong first half in 2026, with profit after tax climbing 22.4 percent year on year to KES 10.17 billion, as net interest income and total operating income both grew faster than the group’s cost base. The results, drawn from unaudited financial statements approved by the board on August 26, 2026, show a bank benefiting from expanding lending and a shrinking pile of bad debt at the same time, a combination that doesn’t happen every reporting season. Income Growth Outpaces Expenses Net interest income rose 22.5 percent to KES 25.04 billion, while non funded income, the fees,…

Makini Schools owner ADvTECH posted profit after tax of R726.2 million (KSh 5.81 billion) for the six months ended June 2026, up 13.3% from the prior year. Revenue climbed 8.0% to R5.06 billion (KSh 40.48 billion), driven by higher enrolment, moderate fee increases and stronger fee collections across the group. Operating profit rose 13.5% to R1.11 billion (KSh 8.92 billion), lifting the group’s operating margin to 22.0% from 21.0%. Headline earnings grew 15.9% to R716.5 million (KSh 5.73 billion), while headline earnings per share increased 16.1% to 130.8 South African cents. “Healthy enrolment growth, moderate fee increases and a further…

Shipping line Maersk has issued an update on logistics conditions across East Africa, pointing to strong export demand in Kenya alongside new compliance rules and fresh charges tied to disruption in the Middle East trade network. Kenya avocado season lifts demand for reefers and vessel space Kenya’s avocado export season has pushed up demand for refrigerated containers, trucking and vessel space, Maersk said. The company described the East African logistics market as active through July, with agricultural exports from Kenya, Uganda and Tanzania driving activity. Uganda’s Arabica coffee season has added to the pressure on inland transport and export logistics,…

Taiwan based shipping line InterAsia Lines has begun a weekly service at the Port of Mombasa, a move Kenya Ports Authority (KPA) says will strengthen the country’s maritime connectivity with Asia. The service will deploy vessels with capacity of between 2,000 and 2,500 Twenty Foot Equivalent Units (TEUs). InterAsia Lines will run the route in partnership with South Korea’s Hyundai Merchant Marine (HMM), Singapore’s Pacific International Lines (PIL) and China’s COSCO Shipping Corporation Limited. The service is expected to commence in mid October 2026. A Busy Fortnight at Kenya’s Seaports The announcement lands during a surge in vessel traffic. KPA…

Kenya Reinsurance Corporation’s profit after tax climbed 42.8% to KSh2.25 billion in the six months to June 2026, driven by a sharp turnaround in the underwriting business that had all but collapsed the year before. The Nairobi Securities Exchange listed reinsurer, 60% owned by the Kenyan government, released unaudited results on 22 August 2026 showing insurance service result, the clearest measure of how well the core reinsurance business performed, surging 314.2% to KSh1.25 billion. Total insurance revenue grew 14.4% to KSh9.44 billion, and net insurance revenue rose 13.2% to KSh7.16 billion. The board did not declare an interim dividend. The…

BOC Kenya’s board raised its interim dividend by 60% to KSh4.00 per share for the six months to June 2026, even as profit after tax fell 39.8% to KSh100.4 million. The industrial and medical gas producer’s revenue dropped 17.2% to KSh600.01 million, largely because a batch of one off customer engineering projects that boosted last year’s numbers did not repeat. The unaudited results, released on 20 August 2026, mark a sharp reversal from the record year BOC Kenya reported in December 2025, when full year net profit hit KSh314 million, its strongest performance in more than five decades on the…