Leadership Transition at APA Apollo Group
APA Apollo Group has appointed Risper Genga as Group Chief Executive Officer effective 1 July 2026, succeeding Ashok Shah (MBS) who retires after 14 years at the helm. Genga joins from East African Breweries Limited, bringing more than two decades of finance and strategic leadership experience across East Africa.
Dividend Activity
In corporate actions this week, Kenya Power and Lighting Company shareholders received their interim dividend of Ksh 0.30 per share, while Safaricom Plc marked its book closure date for the Ksh 0.85 interim dividend, setting the stage for payment at the end of March.
British American Tobacco Kenya Plc reported an 18 % rise in pre-tax profit for the year ended December 31, 2025 and proposed a total dividend payout of Ksh 70 per share (Ksh 60 final plus Ksh 10 interim), subject to shareholder approval at the June 12 AGM, one of the highest yields on the NSE despite continued headwinds from illicit cigarette trade.
Corporate Earnings Updates
Carbacid Investments Plc recorded a 6.9% increase in half-year profit to Ksh 464.96 million for the six months ended 31 January 2026, with turnover rising approximately 3.8% to Ksh 976.35 million. However, operating profit moderated and cash flow softened during the period.
CIC Insurance Group issued a profit warning for the year ended December 2025, projecting net profit to decline by at least 25% to around Ksh 2.14 billion, citing elevated claims and the absence of a one-off land revaluation gain recorded in the prior year.
Strong Demand for Government Securities
Kenya’s weekly Treasury bill auction attracted strong investor participation, with overall demand exceeding the amounts on offer. Weighted average yields edged lower across key tenors, with the 91-day at approximately 7.58%, the 182-day at 7.80%, and the 364-day at about 8.79%, reflecting sustained demand amid stable market conditions.
The Central Bank of Kenya reopened long‑term Treasury bond offers, targeting around Ksh 60 billion in capital via re-opened 20‑year and 25‑year fixed‑coupon papers as part of ongoing budgetary support efforts. Interested investors have until 11th March 2026 to place their bids
Standard Chartered Kenya Hosts BlackRock
This week, Standard Chartered Kenya hosted BlackRock, the world’s largest asset manager with USD 14 trillion in assets under management, for an exclusive client dinner.
The event offered an intimate setting for deep insights into global investment trends and a first-hand look at how clients can access BlackRock’s high-performing solutions directly in Kenya.
ICEA LION Business Partners Appreciation Breakfast
ICEA LION Asset Management hosted its Business Partners Appreciation Breakfast, celebrating the vital role of partners in driving growth and delivering client value. The event highlighted collaboration, shared success, and upcoming initiatives to support partners in offering innovative investment solutions.
SanlamAllianz Kenya Launches Income Drawdown Fund
In Upperhill, SanlamAllianz Kenya launched an Income Drawdown (IDD) Fund aimed at transforming retirement income by allowing pensioners to withdraw regular payments while keeping their savings invested for continued growth.
Backed by a market-leading 283% capital adequacy ratio, the insurer is championing a shot towards flexibility and capital growth for Kenyan retirees, with flexible payout options capped at 12% annually in line with Retirement Benefits Authority guidelines.
NCBA’s Education and Sustainability Initiatives
NCBA Bank has committed over Ksh 13 million to support 177 students through nine partner organisations, reinforcing its focus on youth empowerment and inclusive education.
The initiative forms part of NCBA’s sustainability commitment to invest Ksh 100 million annually in community development across the region. The event also marked the announcement of a partnership with the Crystal Asige Foundation, founded by Crystal Asige, to support learners facing disability, medical and financial challenges.
Coming Up
WisdomSeries Webinar
And in our calendar of events, we also have our next #WisdomSeriesWebinar, featuring Jacqueline Karasha, CEO & Principal Officer of SanlamAllianz Life, on Wednesday, 4th March 2026 at 7PM EAT. Join us on Zoom as she shares insights on leadership and the evolving financial services landscape.
🔗 https://bit.ly/KarashaWisdomSeries
- Passcode: Wisdom2026
75th Abojani Masterclass
To wrap up, don’t miss the 75th Abonai Personal Finance, Saving & Investing Masterclass, where we dive deep into practical strategies for growing your wealth, building smart budgets, and making investing simple and effective. Book Your Seat HERE
