Kenya Wins Again

Kenya Marches to the CHAN 2024 Quarter Finals

Kenya beat Zambia 1-0, cementing its absolute dominance in Group A of the TotalEnergies African Nations Championship (CHAN) PAMOJA 2024.

In a parallel fixture, Morocco beat DR Congo to also make it to the quarter finals. Kenya will play Madagascar in a quarter final fixture on Friday, while Morocco will face Tanzania for a position in the last eight.

Home games have been marked by sold-out tickets. The national team’s winning streak has put wind in the country’s sails, and raised hopes of improved performance in CHAN and future tournaments such as the AFCON 2027.

»»»Beyond the pitch, CHAN is being positioned as more than just a football competition. For the government, it is a soft-power opportunity- a way to reclaim Kenya’s place as a regional sports hub. Here is why Kenya needs to ensure the benefits of CHAN have a lasting legacy.

»»»The State Department of Sports awarded three contracts worth KSh. 1.2bn to build Jamhuri Posta Sports Ground in Nairobi, and then tore down most of it to pave the way for the ongoing construction of Talanta Stadium.

Capital Markets 

KCB’s Special Dividend as H1 Profit Rises 8% to KSh 32bn

KCB Group has posted a KSh 32.33 billion profit after tax for the first half of 2025, an 8.05% jump from the same period last year, supported by a stronger loan book and cost control.

Here is how the company performed…

🟢 Net interest income grew 1.99% to KSh 70.57 billion, driven by a 6.10% expansion in the loan book to KSh 1.095 trillion. 

🟢 Non-interest income declined 11.40% to KSh 29.53 billion due to softer trading income and reduced transactional fees.

🟢 The lender has also declared a record mid-year dividend of KSh 4.00 per share, split equally between an interim and a special payout.

Read the full financial analysis »»»»»

More Banking News

• South African lender FirstRand Group, the biggest bank in Africa by market value, sees Kenya’s ongoing increase in minimum capital requirements as an opportunity to enter the market.

• Listed lender Co-operative Bank of Kenya PLC has posted an 8.39% increase in profit after tax to KShs 14.08 billion for the six months ended 30 June 2025, up from KShs 12.99 billion a year earlier.

• Kenya’s banking sector is seeing a sustained rise in bad loans, with gross non-performing loans (NPLs) reaching an all-time high of KSh 724.2 billion in April 2025, with a monthly buildup of over Ksh 10bn on average.

NSE Market Cap Tops KSh 2.6 Trillion, Indices Hit Multi-Year Highs

The Nairobi Securities Exchange (NSE) closed last week at its strongest levels in years as market capitalization crossed KSh 2.6 trillion for the first time since February 2022.

Traders say strong momentum in dividend-yielding blue chips is attracting both retail and institutional inflows. Read more about why the improving liquidity in the secondary market and the easing interest rate pressures are helping equities outperform fixed income assets.

More in Capital Markets

• The initial thrill of buying shares on the Nairobi Securities Exchange (NSE) is quickly followed by the quieter question: now what?

• Listed regional media company Nation Media Group (NMG) has reported a reduced interim loss for the six months to June 30, 2025, supported by significant cost cuts and growth in its digital business, even as turnover fell.

• Nairobi-based brokerage firm AIB-AXYS Africa has issued its August 2025 equities strategy, highlighting double-digit upside potential for some stocks, while cautioning on NCBA and Safaricom PLC.

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