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HomeDaily NewsSunday, August 24, 2025Sanlam Posts Profit; Bitget Launches Tokenized Stocks; Two Rivers Mall Evolves - August 2025
Business & Economy3 stories from 1 sources

Sanlam Posts Profit; Bitget Launches Tokenized Stocks; Two Rivers Mall Evolves - August 2025

Sanlam Kenya Plc reported a net profit of Sh30.9 million for the half-year ended June 2025, a result driven by strong insurance revenues and prudent capital management. The company also strengthened its capital base through a successful rights issue. In the financial technology space, cryptocurrency exchange Bitget has introduced tokenized U.S. stocks for Kenyan traders, providing access to companies like Apple, Tesla, and Amazon through its Onchain platform. Meanwhile, Two Rivers Mall, driven by Centum Investments, is evolving beyond retail into a sustainable, integrated urban ecosystem, positioning itself as a model for eco-conscious and inclusive urban growth.

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Saturday 1:28 PMCapital Business

Sanlam Kenya Posts Sh30.9 Million Half-Year Profit, Strengthens Capital Base

Sanlam Kenya Posts Sh30.9 Million Half-Year Profit, Strengthens Capital Base

Sanlam Kenya Plc reported a net profit of Sh30.9 million for the half-year ended June 2025, driven by strong insurance revenues and prudent capital management. The company significantly strengthened its capital base through a successful rights issue and reduced borrowings.

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Key Highlights

Sanlam Kenya Plc reported a net profit of Sh30.9 million for the half-year ended June 2025, driven by strong insurance revenues and prudent capital management. The company significantly strengthened its capital base through a successful rights issue and reduced borrowings.

  • Insurance revenues increased to Sh3.73 billion from Sh3.52 billion in the same period last year.
  • Sanlam Kenya's rights issue raised share capital to Sh2.7 billion, and shareholders' funds more than doubled to Sh3.85 billion.
  • Borrowings sharply reduced from Sh4.2 billion to Sh1.19 billion, improving the company’s leverage.
Saturday 8:00 AMCapital BusinessFirst

Bitget expands Kenyan investor access with tokenized U.S. stocks, RWAs

Bitget expands Kenyan investor access with tokenized U.S. stocks, RWAs

Cryptocurrency exchange Bitget has introduced tokenized U.S. stocks for Kenyan traders, enabling access to major companies like Apple, Tesla, and Amazon through its Onchain platform.

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Key Highlights

Cryptocurrency exchange Bitget has introduced tokenized U.S. stocks for Kenyan traders, enabling access to major companies like Apple, Tesla, and Amazon through its Onchain platform.

  • Kenyan traders can now invest in more than 100 tokenized equities, ETFs, and money market funds.
  • Bitget partnered with xStocks and joined Ondo Finance’s Global Markets Alliance to expand real-world asset (RWA) adoption.
  • CEO of Bitget, Gracy Chen, stated that tokenization allows "everyday investors in Kenya to access Wall Street with ease."
Saturday 11:16 AMCapital Business

Two Rivers Mall: Building a Sustainable Future for East Africa’s Urban Lifestyle

Two Rivers Mall: Building a Sustainable Future for East Africa’s Urban Lifestyle

Two Rivers Mall, East Africa’s premier shopping and lifestyle destination, is evolving beyond retail into a sustainable, integrated urban ecosystem. Driven by Centum Investments, the development is positioning itself as a model for eco-conscious and inclusive urban growth, emphasizing sustainability and community integration.

Read Story

Key Highlights

Two Rivers Mall, East Africa’s premier shopping and lifestyle destination, is evolving beyond retail into a sustainable, integrated urban ecosystem. Driven by Centum Investments, the development is positioning itself as a model for eco-conscious and inclusive urban growth, emphasizing sustainability and community integration.

  • Two Rivers Mall aims for net-zero emissions by 2050, expanding its solar capacity to 3.2MW and recycling 80% of greywater with a two-million-litre capacity reverse osmosis plant.
  • James Mworia, CEO of Centum Investments, highlights the mall's success through strategic location, diverse offerings, and the designation of TRIFIC as a Special Economic Zone (SEZ).
  • The development has created over 5,000 direct jobs, with more than 30% of tenants being SMEs, and plans to become a smart city with 10,000 residential units for over 30,000 people.
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