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HomeDaily NewsMonday, August 18, 2025I&M Group Profit Surges in H1 2025; Absa Disburses KSh 47Bn; CIS Assets Grow to KSh 596.3B - August 2025
Business & Economy4 stories from 2 sources

I&M Group Profit Surges in H1 2025; Absa Disburses KSh 47Bn; CIS Assets Grow to KSh 596.3B - August 2025

I&M Group PLC reported a significant financial uplift in the first half of 2025, with profit after tax rising by 36% propelled by an increase in net interest income. The group's profit before tax also rose by 34% to Sh11.7 billion, a growth fueled by strong performance from its regional subsidiaries in Rwanda, Tanzania, Uganda, and Mauritius. In other financial news, Absa Bank Kenya disbursed KSh 47 billion in sustainable finance during 2024 as part of its push for green finance initiatives. Meanwhile, Kenyans are increasingly investing in Collective Investment Schemes (CIS), with total Assets Under Management surging by 20.2% to KSh 596.3 billion in Q2 2025. This growth reflects increased investor confidence in the nation's financial landscape.

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Monday 1:09 PMCapital Business

Rwanda, Mauritius subsidiaries power I&M’s 34pc profit rise

Rwanda, Mauritius subsidiaries power I&M’s 34pc profit rise

I&M Group reported a significant 34% rise in profit before tax for the first half of 2025, reaching Sh11.7 billion. This growth was primarily fueled by strong performance from its regional subsidiaries in Rwanda, Tanzania, Uganda, and Mauritius, which contributed 24% of the overall profit.

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Key Highlights

I&M Group reported a significant 34% rise in profit before tax for the first half of 2025, reaching Sh11.7 billion. This growth was primarily fueled by strong performance from its regional subsidiaries in Rwanda, Tanzania, Uganda, and Mauritius, which contributed 24% of the overall profit.

  • I&M Group's profit before tax increased by 34% to Sh11.7 billion in H1 2025.
  • Regional CEO Kihara Maina highlighted the success of their regional expansion strategy.
  • The Group's balance sheet expanded by 4% to Sh589 billion, and net non-performing loans fell from Sh14.7 billion to Sh10.9 billion.
Monday 10:12 AMThe Kenyan Wall StreetFirst

Kenyans Double Down on Money Market Funds, Unit Trusts

Kenyans Double Down on Money Market Funds, Unit Trusts

Kenyans are increasingly investing in Collective Investment Schemes (CIS), with total Assets Under Management (AUM) surging by 20.2% to KSh 596.3 billion in Q2 2025. This growth reflects increased investor confidence and the expanding role of CIS in the nation's financial landscape.

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Key Highlights

Kenyans are increasingly investing in Collective Investment Schemes (CIS), with total Assets Under Management (AUM) surging by 20.2% to KSh 596.3 billion in Q2 2025. This growth reflects increased investor confidence and the expanding role of CIS in the nation's financial landscape.

  • Total Assets Under Management (AUM) reached KSh 596.3 billion in Q2 2025, a 20.2% increase from Q1.
  • Sanlam Unit Trust became the first Kenyan CIS to exceed KSh 100 billion in AUM, reaching KSh 113.7 billion and leading the market with a 19.1% share.
  • Investor accounts rose significantly to 2.46 million in Q2 2025, up 22.4% from Q1.
  • Money Market Funds (MMFs) remain the dominant choice, holding KSh 372.8 billion or 62.5% of industry assets.
Monday 11:02 AMThe Kenyan Wall Street

Inside Absa’s KSh 47Bn Green Finance Push

Inside Absa’s KSh 47Bn Green Finance Push

Absa Bank Kenya is significantly scaling up its green finance initiatives, disbursing KSh 47 billion in sustainable finance during 2024, with a strong focus on environmental and social impact.

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Key Highlights

Absa Bank Kenya is significantly scaling up its green finance initiatives, disbursing KSh 47 billion in sustainable finance during 2024, with a strong focus on environmental and social impact.

  • Out of the total sustainable finance, KSh 4 billion was directly allocated to climate-related projects.
  • Absa has committed to green 10% of its loan book by 2025 and 30% by 2035.
  • Key sectors receiving funding include Renewable Energy, Energy Efficiency, Climate-Smart Agriculture (KSh 0.1 billion), and Green Buildings (KSh 1.3 billion), featuring the Upcyc Home Loan.
  • A notable green loan of USD 650,000 was provided to Modular Real Estate EPZ Ltd for Kenya’s first green-certified repurposed warehouse.
  • Absa’s inclusive finance efforts in 2024 included KSh 25.1 billion via Timiza digital loans and substantial support for MSMEs, low-income households, women-led businesses, and youth.
  • The bank targets operational net-zero by 2040 and financed emissions net-zero by 2050, with operational progress like three branches running on 90%+ solar energy and 94% of waste recycled.
Monday 11:48 AMThe Kenyan Wall Street

I&M Group Profit Rises 36% in H1 2025 on Interest Income Growth

I&M Group Profit Rises 36% in H1 2025 on Interest Income Growth

I&M Group PLC reported a significant financial uplift in the first half of 2025, with profit after tax rising by 36%. This growth was largely propelled by an increase in net interest income and substantial contributions from its regional operations.

Read Story

Key Highlights

I&M Group PLC reported a significant financial uplift in the first half of 2025, with profit after tax rising by 36%. This growth was largely propelled by an increase in net interest income and substantial contributions from its regional operations.

  • Profit after tax surged to KSh 8.31 billion, a 36% increase from H1 2024.
  • Net interest income grew by 24% to KSh 20.43 billion.
  • Regional subsidiaries contributed 24% of the Group's profit before tax.
  • Earnings per share climbed to KSh 4.51, up 38%.
  • Shareholders' equity reached a record KSh 106.52 billion.
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