Sidian Bank has taken decisive steps to strengthen its balance sheet, approving a KSh3 billion rights issue that has already raised KSh2.5 billion. The final KSh500 million is expected soon, providing the lender with fresh capital to drive its medium-term growth strategy for 2024–2028. Management says the funds will be channelled into expanding trade finance, scaling operations, and reinforcing regulatory capital buffers. Centum Investment Company, once a dominant owner, has steadily diluted its stake, raising KSh3.2 billion by partially selling Sidian shares. Fred Murimi, Managing Director at Centum Capital, explained that some minority shareholders did not take up their rights, which…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
I&M Group PLC has reported a 26% year‑on‑year increase in Profit Before Tax (PBT) to KES 17.8 billion for the third quarter of 2025, up from KES 14.1 billion in the same period last year. Profit After Tax (PAT) also rose by 27% to KES 12.7 billion, reflecting sustained earnings momentum across its regional operations. The strong performance underscores the Group’s customer‑centric innovation, operational efficiency, and regional expansion strategy, with regional subsidiaries contributing 23% of overall PBT, highlighting the strength of its diversified footprint across East Africa and Mauritius. Dividend Declaration The Board of Directors approved an interim dividend of…
NCBA Group has reported a solid third-quarter performance for the period ended 30 September 2025, with profit after tax rising 8.5% year-on-year to KSh 16.38 billion, driven by improved margins and disciplined cost-of-funding management. “Our profitability was driven by prudent cost of funding management and better asset quality,” said NCBA Group Managing Director John Gachora. “Over the review period, regional subsidiaries demonstrated improved effectiveness in recovering bad debts, reflecting disciplined execution of remedial actions.” NCBA Q3 2025 Financial Performance Summary Metric Q3 2025 Q3 2024 YoY Change Net Interest Income KSh 32.04Bn KSh 25.14Bn ▲ +27.44% Non-Interest Income KSh 21.40Bn…
KCB Group Plc on Wednesday posted a net profit of KShs 47.3 billion for the nine months ended September 2025, underscoring resilience in a tough operating environment. The Group’s assets expanded to KShs 2.04 trillion, even after divesting from the National Bank of Kenya earlier this year. Group CEO Paul Russo said, “Despite a tough operating environment in all our markets, we have delivered a strong performance showing the resilience of the Group. We continue to execute our business strategy anchored on ‘Transforming Today Together.’” Key Financial Highlights (Q3 2025) Metric Q3 2025 Q3 2024 Change Net Profit (PAT) KShs…
Absa Bank Kenya PLC posted a 15% rise in net earnings to KShs 16.9 billion for the nine months ending September 30, 2025, driven by stronger non-interest income and lower credit impairments, despite a dip in net interest income. The bank’s non-interest income rose 11.2% to KShs 13.6 billion, supported by strategic diversification into new business lines and growth in digital payments. However, net interest income fell 4.6% to KShs 32.95 billion, marking the first decline since 2017, as loan yields softened in a compressed rate environment. Absa Bank Kenya CEO Abdi Mohamed attributed the performance to customer-centric strategy and…
Africa’s investment landscape is undergoing a quiet transformation. The RMB Where to Invest in Africa 2025/26 report ranks 31 countries across 20 indicators grouped under four pillars: macroeconomic performance, market accessibility, innovation and stability, and human development. As RMB notes, “Africa is navigating significant turbulence and transformations on multiple fronts, both geopolitically and economically.” Yet the report shows that stability and governance now outweigh sheer market size. Smaller, well‑governed economies are steadily outperforming traditional heavyweights, while East Africa continues to anchor regional resilience. Top 10 African Investment Destinations (2025/26) Rank Country Key Drivers of Ranking 1 Seychelles Fiscal stability, low…