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Kenyan Firms Report Financials as Sanlam Rebrands Amid Regulatory Changes
Centum Investment Company reported a 6.1 percent increase in after-tax profit to Sh472 million for the half-year ended September 30, 2025, which was primarily due to a reduction in finance costs. In contrast, Kenya Airways (KQ) issued a profit warning for the year ending December 31, 2025. KQ anticipates that its profit will drop by at least 25 percent, attributing the expected decline to grounded planes and a severe shortage of engine parts. In other corporate news, the Kenyan government is strengthening its insurance regulatory framework. This comes as Sanlam Kenya officially rebrands to Sanlam Allianz Holdings Kenya following a joint venture, a move aimed at rebuilding trust and supporting growth in the sector.
Kenya Announces Infrastructure Projects and Cross-Border Market Deal with Somalia
President William Ruto announced that tenders for the dualling of Kiambu Road and the Northern Bypass are scheduled for release in early 2026 to address significant traffic congestion in the Nairobi area. Separately, President Ruto also stated a commitment to deepen cooperation with China, particularly in infrastructure development, following a meeting with the Export-Import Bank of China regarding a loan for an Intelligent Transport System. In the financial sector, the Nairobi Securities Exchange (NSE) has signed a Memorandum of Understanding (MoU) with the National Securities Exchange of Somalia (NSES). The agreement is aimed at fostering financial integration through cross-border listings and technology collaboration between the two exchanges.
