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HomeDaily NewsSaturday, March 28, 2026Kenya Re Maintains Sh840m Dividend Despite Profit Decline - March 2026
Business & Economy4 stories from 2 sources

Kenya Re Maintains Sh840m Dividend Despite Profit Decline - March 2026

Kenya Re has maintained a Sh839.94 million dividend payout (Sh0.15 per share) despite an 11.6% drop in net profit for the second consecutive year, with profits falling to Sh3.92 billion in the financial year ended December 2025. Meanwhile, Kenyan electric mobility and renewable energy firm Agilitee is set to complete a reverse merger with a U.S.-listed company on April 13, 2026, to expand its global presence. Separately, KOKO Networks is holding its first creditors' meeting on April 10, 2026, following its exit from the Kenyan market earlier this year. Additionally, the Communications and Multimedia Appeals Tribunal ruled in favour of the Communications Authority of Kenya, allowing the revocation of six broadcasting licences held by Standard Media Group PLC due to Sh48.9 million in outstanding fees.

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Friday 9:39 PMNation Business

Kenya Re maintains Sh840m dividend payout as profit falls for second year

Kenya Re maintains Sh840m dividend payout as profit falls for second year

Kenya Re has maintained a Sh839.94 million dividend payout (Sh0.15 per share) despite a 11.6% drop in net profit for the second consecutive year, falling to Sh3.92 billion in the financial year ended December 2025.

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Key Highlights

Kenya Re has maintained a Sh839.94 million dividend payout (Sh0.15 per share) despite a 11.6% drop in net profit for the second consecutive year, falling to Sh3.92 billion in the financial year ended December 2025.

  • Kenya Re's net profit fell to Sh3.92 billion from Sh4.43 billion in 2024.
  • The company cited under-performance in its international treaty business and operations in Zambia and Côte d’Ivoire, alongside stiff competition and rising global reinsurance costs.
  • Despite profitability challenges and prior governance issues involving the suspended managing director Hillary Wachinga, net investment income grew by 41.3%, helping to cushion the overall decline.
Friday 7:48 PMCapital BusinessFirst

CA gets nod to revoke Standard Group licences over Sh48.9mn arrears

CA gets nod to revoke Standard Group licences over Sh48.9mn arrears

The Communications and Multimedia Appeals Tribunal has ruled in favour of the Communications Authority of Kenya (CA), allowing the revocation of six broadcasting licences held by Standard Media Group PLC due to outstanding fees. The tribunal dismissed the media house's appeal, affirming the CA's planned action.

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Friday 7:56 PMCapital Business

Agilitee set to complete reverse merger with U.S. firm in April

Agilitee set to complete reverse merger with U.S. firm in April

Kenyan electric mobility and renewable energy firm Agilitee is set to complete a significant reverse merger with a U.S.-listed company on April 13, 2026, to expand its global presence.

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Key Highlights

Kenyan electric mobility and renewable energy firm Agilitee is set to complete a significant reverse merger with a U.S.-listed company on April 13, 2026, to expand its global presence.

  • The transaction involves a share swap that will create a new U.S.-domiciled entity, Agilitee Inc.
  • Key organization involved: Agilitee, an electric mobility and renewable energy firm.
  • The merged company plans a subsequent uplisting and secondary listing on the Johannesburg Stock Exchange.
Saturday 2:00 PMCapital Business

KOKO Networks to hold first creditors’ meeting after Kenya exit

KOKO Networks to hold first creditors’ meeting after Kenya exit

KOKO Networks is holding its first creditors' meeting on April 10, 2026, following its exit from the Kenyan market earlier this year.

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Key Highlights

KOKO Networks is holding its first creditors' meeting on April 10, 2026, following its exit from the Kenyan market earlier this year.

  • The meeting is to decide the future of the company, whether restructuring or liquidation.
  • The company KOKO Networks, which operated a bioethanol clean cooking fuel network, faced financial difficulties and ceased operations in February.
  • Factors contributing to its collapse include high operating costs, currency challenges, and regulatory issues with its carbon credit model.
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Key Highlights

The Communications and Multimedia Appeals Tribunal has ruled in favour of the Communications Authority of Kenya (CA), allowing the revocation of six broadcasting licences held by Standard Media Group PLC due to outstanding fees. The tribunal dismissed the media house's appeal, affirming the CA's planned action.

  • Sh48.87 million in unpaid licence fees and Universal Service Fund levies are owed.
  • The affected licences include Vybez Radio, Berur FM, Radio Maisha, Spice FM, KTN Burudani, and KTN News.
  • The tribunal stated that regulatory obligations are clear and non-negotiable, with Standard Media Group having received multiple notices and extensions.