Sanlam Kenya Posts Sh30.9 Million Half-Year Profit, Strengthens Capital Base
NAIROBI, Kenya Aug 23 - Listed non-bank financial services provider Sanlam Kenya Plc (NSE: SLAM) has reported a Sh30.9 million net profit for the Kenya breaking news | Kenya news today |..
✨ 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.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
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.
