Lights On at Kenya Power's Half-Year Results

Hello 👋🏽 It's Brian from The Kenyan Wall Street.

In today's newsletter…

• We break down Kenya Power's Half Year financial results.

• KCB has been accused of withholding crucial documents in a controversial loan suit.

• Can ride-hailing platforms solve the rogue boda boda menace? 

These and more…

Lights On at Kenya Power's Half-Year Results 

By Harry Njuguna  

Kenya Power has posted a record half-year profit, lifted by rising electricity demand, lower financing costs, and efficiency gains, and marked the occasion with a 50% boost to its interim dividend.

Financial Snapshot:

🟢 Profit before tax hit KSh 14.83 billion, up 5.5% from last year.

🟢 Revenue from electricity sales rose 6.9% to KSh 114.87 billion, while units sold jumped 10.5% to 6,086 GWh.

🟢 System losses eased slightly to 22.03%, still far above global benchmarks near 5%.

🟢 Operating cash flow was KSh 14.09 billion, with capital spending absorbing KSh 10.68 billion, leaving free cash of KSh 3.41 billion.

🟢 The board declared an interim dividend of KSh 0.30 per share, emphasizing debt reduction over payouts.

Read the company's full financial analysis here >>>>>

“We were blackmailed into signing a KCB loan!” - Firm tells court?

By Brian Nzomo

A security firm’s directors say KCB Bank forced them to sign papers for a KSh 84 million loan they insist never existed. A High Court judge has now ordered the lender to produce internal records or swear under oath why they cannot be found. KCB says the money was an overdraft turned loan; the directors claim it was a cover‑up for internal fraud and pressure tactics. The case now turns on documents the bank says it does not have, and a court that wants clear answers.

Read the story here >>>>>

INSIGHT : Could Ride-Hailing Apps Help Solve Kenya’s Rogue Boda Boda Problem?

By Andrew Barden  

Nairobi’s roads have turned into a moral theatre: burned matatus, shattered windshields, and the quiet normalization of mob justice. As matatu owners down tools and the state shrugs, a provocative question emerges…what if the fix doesn’t come from police sirens, but from algorithms and apps? Ride-hailing platforms, once dismissed as mere middlemen, may offer something Kenya’s transport wars lack: memory, traceability, and consequences. In a country that once tamed matatus through paperwork and discipline, the boda boda reckoning may arrive not with force, but with a click.

Read this article here >>>>>

Diaspora Dollars Back New Loans

By Fred Obura 

Kenyan banks and fintechs are now turning to diaspora remittance data to expand lending, as record inflows from abroad hit US$5 billion in 2025. For decades, these steady streams of income sat outside the formal credit system but new tools are changing that. Platforms like Wapi Pay now use AI and transaction histories to turn remittances into measurable credit profiles. The goal is to convert everyday transfers into loans, mortgages, and investment, unlocking capital that has long been invisible.

Read the article here »»»»»

Heads Up 

On your watchlist 

This Week!

This week, Andrew Barden, CEO of The Kenyan Wall Street will moderate a webinar session will examine how global institutions are quietly reshaping the crypto market and what this evolution means for Kenya. Register your attendance here »»»»»

Upcoming Events : InvestKenya Announces the Upcoming Kenya International Investment Conference (KIICO) 2026

Taking place at the Radisson Blu Upper Hill on March 25, 2026, the 4th Kenya International Investment Conference (KIICO) 2026 is set to be the largest and most impactful investment promotion conference in Kenya’s history. Register here »»»»»

During KIICO 2026, Kenya will also host the 2nd COMESA Investment Forum on March 26 and the Africa Green Industrialization Initiative (AGII) on March 27th.

Read more about it here »»»»»

Today in History 

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