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HomeDaily NewsTuesday, October 7, 2025Safaricom Invests Sh153bn in Local Suppliers as Kenya Power Profits Decline - October 2025
Business & Economy3 stories from 2 sources

Safaricom Invests Sh153bn in Local Suppliers as Kenya Power Profits Decline - October 2025

Safaricom has invested Sh153 billion in local suppliers during the financial year ending March 2025, highlighting its commitment to sustainable sourcing. In contrast, Kenya Power reported a significant decline in its net profit for the year ended June 2025, falling by Sh5.6 billion to Sh24.5 billion. This 18.7% dip in net profit is attributed to the absence of significant one-off forex gains seen in the previous year and lower electricity revenue. Despite this decline, the company's profit remains substantially higher than pre-2024 levels. Notably, Kenya Power's Shareholders' Equity crossed the KSh 100 billion mark for the first time.

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Tuesday 4:28 PMCapital Business

Safaricom pumps Sh153bn into local suppliers

Safaricom pumps Sh153bn into local suppliers

Safaricom invested Sh153 billion in local suppliers during the financial year ending March 2025, highlighting its commitment to sustainable sourcing and economic empowerment in Kenya.

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Key Highlights

Safaricom invested Sh153 billion in local suppliers during the financial year ending March 2025, highlighting its commitment to sustainable sourcing and economic empowerment in Kenya.

  • 84 percent of Safaricom's suppliers are locally based, with 10.8 percent (Sh3.2 billion) of procurement spend directed towards women, youth, and persons with disabilities.
  • Safaricom CEO Peter Ndegwa emphasized the company's commitment to responsible business anchored in sustainability and inclusion.
  • This initiative supported over 1.3 million direct and indirect jobs and aims to strengthen domestic value chains and support SMEs.
Tuesday 12:30 PMCapital BusinessFirst

Kenya Power net profit drops by Sh5.6bn to Sh24.5bn

Kenya Power net profit drops by Sh5.6bn to Sh24.5bn

Kenya Power reported a significant decline in its net profit for the year ended June 2025, falling by Sh5.6 billion to Sh24.5 billion. This drop is attributed to lower electricity revenue and adverse foreign exchange effects.

Read Story

Key Highlights

Kenya Power reported a significant decline in its net profit for the year ended June 2025, falling by Sh5.6 billion to Sh24.5 billion. This drop is attributed to lower electricity revenue and adverse foreign exchange effects.

  • Electricity sales revenue decreased by Sh11.84 billion to Sh219.29 billion.
  • The decline was primarily due to reduced foreign exchange recoveries from the stable Kenya shilling and a lower base tariff.
  • Finance costs sharply increased to Sh4.72 billion from Sh683 million the previous year.
  • Despite the profit drop, the Board of Directors recommended a final dividend of Sh0.80 per ordinary share.
Tuesday 12:47 PMThe Kenyan Wall Street

Kenya Power’s Profit Dips 18%, Equity Crosses KSh 100Bn

Kenya Power’s Profit Dips 18%, Equity Crosses KSh 100Bn

Kenya Power reported an 18.7% dip in net profit to KSh 24.47 billion for FY2025, primarily due to the absence of significant one-off forex gains seen in the previous year. Despite this decline, the company's profit remains substantially higher than pre-2024 levels, indicating sustained operational recovery and financial strength. Notably, Shareholders' Equity crossed the KSh 100 billion mark for the first time.

Read Story

Key Highlights

Kenya Power reported an 18.7% dip in net profit to KSh 24.47 billion for FY2025, primarily due to the absence of significant one-off forex gains seen in the previous year. Despite this decline, the company's profit remains substantially higher than pre-2024 levels, indicating sustained operational recovery and financial strength. Notably, Shareholders' Equity crossed the KSh 100 billion mark for the first time.

  • Net profit for Kenya Power decreased by 18.7% to KSh 24.47 billion in FY2025.

  • Shareholders' Equity for Kenya Power surged by 25.2% to KSh 109.34 billion, entering the KSh 100 billion tier.

  • A final dividend of KSh 0.80 per share was declared, bringing the total dividend per share to KSh 1.00 for the fiscal year.

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