Author: Muindi

East African Breweries Plc (EABL) successfully listed the first tranche of its Medium-Term Note (MTN) Programme on the Nairobi Securities Exchange (NSE), raising KES 16.76 billion. Strong Investor Demand The issuance closed 154% oversubscribed, signalling renewed investor confidence in Kenya’s capital markets. This tranche is part of EABL’s KES 20 billion MTN Programme, designed to fund operations and regional expansion. Absa Bank Kenya, the lead arranger, highlighted the outcome as proof of Kenya’s financial ecosystem strength and investor sophistication. This morning, we proudly hosted a Bell Ringing Ceremony to commemorate the listing of the first tranche of the East Africa…

Paramount Bank has exceeded the Central Bank of Kenya’s (CBK) minimum core capital requirement of KES 3 billion, reporting KES 3.118 billion as of September 2025. This regulatory milestone, achieved ahead of the 31 December deadline, follows a KES 332 million rights issue from existing shareholders. Despite a 52.85% YoY drop in Profit After Tax (PAT) to KES 110 million, the bank delivered strong growth in non-funded income, which surged 93.07% YoY to KES 279.98 million, driven by enhanced fee-based services and treasury operations. However, a 260% increase in loan loss provisions to KES 144 million impacted profitability. “The strengthened…

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…

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…