Absa Posts Strong FY2025 Results
Absa Bank Kenya PLC reported a 10% increase in profit after tax to KSh 22.9 billion for the year ended 31 December 2025. The growth was driven by strong revenue expansion, disciplined risk management, and operational efficiency. The bank also announced a 17% increase in total dividend to KSh 2.05 per share, up from KSh 1.75 in FY2024.
Following the strong performance, Absa has also joined the #100bnClub Shareholders Fund.
Strong Demand in Treasury Bills
Investor appetite for government securities remained strong during this week’s Treasury bills auction. The Central Bank of Kenya raised KSh 41.4 billion against the KSh 24 billion on offer, after receiving KSh 100.4 billion in bids. The 364-day paper recorded a weighted average yield of 8.6434%, reflecting continued demand for government instruments as investors seek stable returns in the fixed income market.
Supporting SME Sustainability
I&M Bank, in partnership with B Lab Africa, launched a nine-week Resilient Sustainable Business (RSB) program aimed at helping SMEs strengthen sustainability and operational resilience. The program targets businesses with annual revenues between KSh 6 million and KSh 120 million and teams of 10 to 100 employees.
Sasini Moves to Sell Gulmarg Coffee Estate
Sasini PLC is set to complete the sale of its Gulmarg coffee estate in Kiambu County by September 2026, as part of the company’s ongoing portfolio restructuring.
Pension Assets Continue Strong Growth
Kenya’s pension sector also maintained strong momentum, with total pension assets growing by 24.3% from KSh 2.26 trillion in 2024 to KSh 2.81 trillion in 2025. The pension-to-GDP ratio now stands at 16.05%, reflecting the growing role of long-term savings and retirement planning within the financial system.
M-PESA Surpasses 40 Million Customers
M-PESA has surpassed 40 million customers, marking another major milestone for the mobile money platform as it celebrates 19 years since its launch on 6 March 2007. The achievement highlights the continued expansion of digital financial services across Kenya.
Banking Sector Profits Cross KSh 300 Billion
Kenya’s banking sector continues to demonstrate strong resilience and profitability. Industry profits rose by 19% from KSh 262.3 billion in 2024 to KSh 311.8 billion in 2025, pushing the sector past the KSh 300 billion milestone.
NCBA Unveils UBUNTU Strategy
NCBA Group unveiled its new UBUNTU Strategy 2026–2030, a belief-driven strategy aimed at building a financial ecosystem grounded in shared ambition, mutual growth, and long-term trust.
NCBA Launches Property Investment Tour
NCBA also kicked off its annual Property Investment Tour in Nairobi, bringing together developers, prospective homeowners, and financing partners under one platform. As part of the initiative, the bank introduced a Solar Leasing solution designed to support sustainable and affordable housing solutions.
Apollo Group Targets Regional Expansion
Apollo Group, best known for its flagship subsidiary APA Insurance, is pursuing regional expansion through acquisitions. The group plans to acquire Meticulous General Insurance and Metro Tanzania Life Assurance Company in Tanzania, while also considering another acquisition in Uganda.
KPC IPO Records Oversubscription
The Kenya Pipeline Company (KPC) Initial Public Offering recorded strong investor interest, achieving a 105.7% subscription rate and raising KSh 112.4 billion against a target of KSh 106.3 billion.
Leadership Changes Across Corporates
Several corporate leadership changes were also announced this week. BAT Kenya appointed Sidney Wafula as Managing Director effective 16 June 2026, while Catherine Chepkong’a will assume the role of Finance Director from 1 April 2026.
Meanwhile, Kiprono Kittony, Chris Diaz, Prof. Winnie Iminza Nyamute, and Dr. David Ndii have been appointed to the Board of Directors of Kenya Airways PLC, effective 5 March 2026.
Wisdom Series: Leadership Insights
This week’s #WisdomSeries featured Jacqueline Karasha, CEO of SanlamAllianz Life, who shared reflections on leadership, decision-making, and legacy building in the financial services sector.
Among the key insights shared were the importance of preparation, protecting wealth as it grows, and recognizing that leadership decisions become more complex at higher levels of responsibility.
Catch the conversation here:
Passcode: Wisdom@26
Coming Up: Abojani Personal Finance Masterclass
The 75th Abojani Personal Finance Masterclass begins 9th March 2026 at 7 p.m. EAT. The program focuses on practical lessons around budgeting, saving, investing, and long-term wealth building.
Participants will gain tools and strategies designed to help them make more confident financial decisions and build a stronger financial future.
