KCB Profits: The Group Delivers 14.5% H1 Profit Growth
KCB Group reported a 14.5% increase in profit after tax attributable to shareholders to Ksh 36.1 billion in H1 2026, up from Ksh 31.5 billion a year earlier.
The Group’s regional diversification continued to play an important role, with subsidiaries outside KCB Bank Kenya contributing 29.6% of Group profit before tax. Asset quality also improved, with gross non-performing loans falling 8% year-on-year to Ksh 203.8 billion. Real estate recorded the largest improvement, with NPLs declining from Ksh 47 billion to Ksh 35 billion.
The Board recommended an interim dividend of Ksh 9.6 billion, giving shareholders another reason to pay attention to the Group’s strong H1 performance.
Co-op Bank Profit Rises 28%
Co-operative Bank also reported a strong first half, with profit after tax increasing 28% to Ksh 18.0 billion, compared with Ksh 14.1 billion in H1 2025.
The Group’s subsidiaries contributed Ksh 2.49 billion in profit before tax. Kingdom Bank was the largest contributor at Ksh 873 million and recorded the fastest growth, with profit before tax increasing by 77.8%.
SanlamAllianz Profit Jumps 303%
SanlamAllianz Holdings Kenya reported H1 net profit of Ksh 124.6 million, a 303% increase from Ksh 30.9 million in the same period last year.
Insurance revenue rose to Ksh 2.2 billion, while Gross Written Premiums increased 32% year-on-year despite higher claims and lower investment returns during the period.
CBK Holds the Central Bank Rate at 8.75%
The Central Bank of Kenya maintained the Central Bank Rate at 8.75% for the third consecutive meeting. Since June 2024, the CBR has been reduced by 425 basis points.
The decision comes as inflation and global economic uncertainties remain key considerations for monetary policy..
At the same time, private sector lending has staged a strong recovery, moving from -2.9% in January 2025 to 10.2% in July 2026.
Equity Group Empowers Its Scholars
Equity Group Foundation has equipped 4,949 Wings to Fly and Elimu Scholarship scholars with leadership, life skills and career-readiness skills through its 17th Annual Education and Leadership Congress.
Treasury Bills Remain in Demand
Treasury Bills were oversubscribed by 145.68% this week, with the government raising Ksh 37.02 billion against an offer of Ksh 28 billion.
The 91-day paper recorded a weighted average interest rate of 9.0365%, keeping short-term government securities firmly on investors’ radar.
The government also raised Ksh 312.03 billion through reopened infrastructure bonds, more than twice the initial Ksh 150 billion target. The 16-year, 18-year and 21-year bonds carry coupon rates of 11.75%, 12.667% and 12.737%, respectively.
Financial Literacy for the Next Generation
This week, we partnered with the Nairobi Securities Exchange to host a Financial Literacy for Teens workshop for young people aged 12-17.
The session focused on equipping teenagers with practical knowledge and skills to make better financial decisions, while giving parents an opportunity to invest in their children’s financial education.
#BrightTomorrow
Abojani X SanlamAllianz Webinar
We also partnered with SanlamAllianz Kenya for a free webinar on the Time Value of Money, exploring how investors can put their money to work, invest with clear goals and ensure their returns remain meaningful against inflation.
Catch the conversation here: https://us02web.zoom.us/rec/share/DzvRztna-wbPu1WSz-sJWdWOmGmolQeN1jm1swYw-e-1fepB11K7MILy7aITjjwY.xLzN4swrfmsYEpYA
Passcode: TVM@2026
Safaricom Appoints Non-Executive Directors
Safaricom PLC has appointed Mariam Cassim and Matimba Mbungela as Non-Executive Directors, effective 13th August 2026, subject to regulatory approval.
The appointments follow the resignation of James Ludlow and Dr. (Eng.) John Kipngetich Mosonik from the Board.
Coming Up
Bond Payments
Bondholders of several Treasury securities are scheduled to receive coupon payments on 17th August, while Family Bank is set to announce its H1 2026 results on 18th August.
Earning Season Continues
Family Bank is set to announce its H1 2026 financial results on Tuesday, 18th August 2026. The bank reported KSh 2.3 billion in profit after tax in H1 2025, up 35% from KSh 1.7 billion in H1 2024.
Also set to announce are: Absa Bank Kenya (18th), Standard Chartered Bank Kenya (19th), and Equity Group (20th).
Abojani X ICEA LION Retirement Webinar
On 19th August, our Retirement 101 webinar, Creating a Retirement Wealth Basket, will bring together investors and retirement-planning experts to discuss building sustainable retirement wealth.
Zoom Link: https://bit.ly/RetirementWealthBasket
Passcode: Retire101
The 6th Economic Empowerment Conference
There are also 96 days to go until the 6th Abojani Economic Empowerment Conference, taking place on 21st November 2026 at Radisson Blu Upper Hill.
Under the theme “Invest Intelligently,” the conference will bring together investors, entrepreneurs, fund managers and thought leaders to examine how to navigate an increasingly complex investment environment.
Registration is still open – Reserve Your Seat
#EconomicEmpowermentKE
The 81st Abojani Masterclass
Finally, our 81st Abojani Personal Finance & Investment Masterclass runs from 7th to 25th September 2026.
The Masterclass is designed to help you build stronger financial foundations, understand investment opportunities and make more informed decisions about your money.
CEO & Co-Founder, Abojani Investment
Robert Ochieng is a visionary entrepreneur and the co-founder of Abojani Investment, a leading financial education platform in Kenya that has empowered over 20,000 Africans to embark on their investment journeys. As CEO, he has demonstrated an unwavering commitment to financial literacy, successfully demystifying money and investments and making them accessible and relevant to individuals from all walks of life.
Running Thriving Investment Communities
Robert’s influence extends well beyond Abojani Investment’s core offerings. He has actively fostered a sense of community by running investment forums and groups with a vast following of over 300,000 Africans. These communities provide a safe space for individuals to exchange ideas, share experiences, and support each other on their investment journeys.
Vision for the Future
As co-founder of Abojani Investment, Robert envisions a financially empowered Africa. He strives to expand the reach of his financial education initiatives, enabling millions more to gain the knowledge and confidence needed to achieve their financial goals. His vision is to create a society where every individual has the tools and understanding to build lasting wealth and prosperity.
Professional Background
Robert Ochieng is a highly accomplished CEO at the helm of Abojani Investment, an investment and advisory firm in Kenya. He is a seasoned professional with over 14 years of experience in IT, Finance, and leadership.
His career includes key roles at prominent institutions such as Equity Bank, Gulf African Bank, Guaranty Trust Bank (GTBank) and Airtel.
Robert’s expertise has also been sought after by the National Treasury for consultancy on planning and budgeting systems, showcasing his exceptional knowledge and skills in the field. Passionate about driving meaningful conversations and collaborations between academia, industry, and the public sector, Robert actively engages in research projects focusing on digital transformation within the financial services sector. With his visionary leadership and strategic insights, Robert Ochieng continues to make a significant impact in the business world.
