KPC Reports 13% Growth in FY2026 Profit
Kenya Pipeline Company, which was recently listed on the Nairobi Securities Exchange (NSE), reported a 13% increase in kpc profit after tax to KSh 11.58 billion for FY2026, up from KSh 10.24 billion in the previous financial year.
Group revenue increased by 9% to KSh 43 billion, supported by a 7% rise in local and transit volumes. The board recommended a dividend payout of KSh 5.9 billion, equivalent to KSh 0.32 per share, giving investors a proposed cash return alongside the company’s earnings performance.
Looking ahead, KPC has outlined plans to diversify its revenue sources through the proposed Kipevu petroleum trading hub and regional infrastructure expansion. These initiatives could create additional business opportunities beyond its existing operations, making execution and the contribution of new revenue streams important areas for investors to monitor.
Treasury Bill Auction Attracts Strong Demand
The Central Bank of Kenya received strong demand at this week’s Treasury Bill auction, with KSh 52.32 billion in bids accepted against KSh 28 billion on offer.
The weighted average interest rates were:
- 91-day Treasury Bill: 8.75%
- 182-day Treasury Bill: 8.86%
- 364-day Treasury Bill: 9.04%
Equity Group Appoints Victoria Cherotich as Group Company Secretary
Equity Group Holdings Plc has appointed Victoria Cherotich as Group Company Secretary, following approval by the Central Bank of Kenya.
Cherotich joined the Group in November 2024 as Group Registrar General and brings more than 15 years of experience in corporate governance, securities registration and regulatory compliance.
She succeeds Lydia Ndirangu, who moves to the role of Group Chief Tax, Regulatory Affairs and Sustainability Officer. The leadership changes also see Ndirangu take on a broader portfolio covering tax, regulatory affairs and sustainability.
Standard Group Announces CEO Resignation and Board Changes
The Standard Group PLC has announced that Chief Executive Officer Chaacha Mwita will resign effective 1 November 2026, seven months after his substantive appointment.
The media company also announced the appointment of three independent non-executive directors. The board changes follow the resignations of Edward Mwasi and Dr James McFie, which took effect on 31 August 2026.
Absa Bank Kenya Partners with Eliud Kipchoge
Absa Bank Kenya PLC has partnered with marathon legend Eliud Kipchoge, naming him its Official World Tour Financial Partner.
The partnership brings together two African success stories around ambition, discipline and the pursuit of excellence. Kipchoge, a two-time Olympic gold medallist and multiple marathon major champion, recently returned to Kenya after winning the 2026 Melbourne Marathon and setting a new course record.
NCBA Disburses KSh 4.6 Billion in Asset Finance Across Western Kenya
NCBA disbursed KSh 4.6 billion in asset finance across Western Kenya in 2026, supporting businesses and individuals in sectors including agriculture, transport, manufacturing and healthcare.
The announcement was made during the launch of the 20th NCBA Johari Awards. In the first half of 2026, the bank maintained a 30% share of Kenya’s asset finance market and expanded its financing options to include electric vehicles and solar equipment.
SanlamAllianz Report Highlights Kenya’s Retirement Preparedness Gap
SanlamAllianz Kenya has launched its inaugural Retirement Benchmark Report 2026, titled Kenya Before It Ages, examining retirement preparedness and the challenges facing people saving for later life.
The report found that seven in ten Kenyans are not on track for a comfortable retirement. Household expenses and low or irregular incomes were identified as major barriers to saving, highlighting the difficulty of building retirement funds while meeting current financial obligations.
The findings also point to challenges around preserving retirement savings after leaving employment or a business. Among respondents who left a job or business with retirement savings, 53% had withdrawn at least part of their funds. Meanwhile, only 29% knew how much monthly income they would need in retirement.
#KBACEOChat Explores Turning Business Opportunities into Sustainable Enterprises
The Kenya Bankers Association hosted a live conversation featuring Rajeev Pant, Managing Director of Prime Bank, as part of its My Chat with a Bank CEO series.
The discussion focused on turning business opportunities into sustainable enterprises, covering how entrepreneurs identify the problem their business will solve, develop an appropriate solution, secure customers and access funding.
The series aims to connect entrepreneurs with banking leaders and practical business insights, with more conversations scheduled to continue next week.
Quickmart IPO: Understanding the Offer Before 30 October
One of this week’s major highlight is the Quickmart IPO, which offers investors an opportunity to own a stake in one of Kenya’s major supermarket chains.
With the offer scheduled to close on 30 October 2026, investors considering the IPO should understand the offer structure, the price of KSh 7.50 per share, the minimum investment required and the risks involved before making a decision.
For those who missed our breakdown of the offer, the recording is available below.
Watch the Quickmart IPO webinar:
https://us02web.zoom.us/rec/share/bAIpfDBR68rKqUJt7EbuAdL2Cs0JsMB5LvMyFiT8Y8IvXznw9L48gbiXTex2ZRaz.Rxf1cKPiYP165EWw
Passcode: QMIPO@26
Coming Up: 6th Abojani Economic Empowerment Conference
The 6th Abojani Economic Empowerment Conference takes place on 21 November 2026 at Radisson Blu Hotel, Upper Hill, Nairobi.
The conference will bring together investors, entrepreneurs, financial experts and industry leaders to discuss investment opportunities, wealth creation and how to navigate an evolving economic environment. Don’t miss out!
Book your ticket: Here
#KPC Profit
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.
