The small drops that sank a Kingpin...

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The small drops that sank a Kingpin

A web of small deposits unraveled a quiet fortune’s criminal foundation...

By Fred Obura

In Busia, the story of a man who called himself a timber trader began to fray not on the forest floor but in the ledger of his phone. The numbers told of 1,600 quiet drops of cash, each one modest enough to slip beneath the threshold of notice, together swelling into millions.

To neighbors, he was a familiar figure behind the wheel of an ordinary Toyota; to investigators, he was the outline of something larger, traced in shillings and seconds. The cars, seized and parked under court order, became the most visible symbols of an invisible trade.

In the arithmetic of justice, it is not always the sacks of cannabis or the whispered deals that betray a trafficker, but the patient insistence of money as it moves. What began as a case of timber and trade has ended as a parable about how cash, when followed carefully enough, refuses to lie. Read the story here >>>>>

Capital Markets

Home Afrika Extends Profitable Streak in H1

By Harry Njuguna

Home Afrika’s financial performance in the first half of the year is a continuation of a comeback story. After clawing back to profitability in 2024, the real estate developer extended its gains, a revelation that debt restructuring and leaner operations can steady a balance sheet long in the red.

Financial snapshot:

🟢 Profit rose 14.6% to KSh 192.4M.

🟢 Revenue jumped 16.2% to KSh 359.4 million.

🟢 Finance costs fell 21.8% to KSh 34.8 million.

🟢 Negative equity narrowed to KSh 2.14 billion from KSh 2.33 billion.

🟢 The accumulated deficit improved to KSh 2.26 billion.

Read full financial analysis here >>>>>

Triple-Digit Profit Growth for Crown Paints in H1

By Harry Njuguna

Crown Paints splashed its balance sheet in bold colors this half year. A surge in sales and tighter efficiency sent profits soaring, turning a once-muted performance into a standout streak.

Financial snapshot :

🟢 Net profit rocketed 483% to KSh 437M, lifting EPS to KSh 3.07 from 0.53.

🟢 Revenue climbed nearly 20% to KSh 7.41B, powered by stronger sales volumes.

🟢 Cash reserves swelled more than sixfold to KSh 635 million.

🟢 Total assets expanded 10.3% to KSh 8.93 billion, while equity rose 14.2% to KSh 3.62 billion.

🟢 Financing cash flows swung negative at KSh 644 million.

Read the full financial analysis here »»»»»

More on Capital Markets…

NSE Gainers & Losers 

Source : NSE

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Agriculture 

Higher Costs Brew Losses for Limuru Tea in H1

By Chelsy Maina 

Limuru Tea brewed more losses than relief this half year. Modest revenue gains were steeply outweighed by rising labour costs and soft global prices, pushing the plantation deeper into the red.

Financial snapshot :

🔴 Net loss widened to KSh 22.2M, from KSh 6.8M a year earlier.

🟢 Revenue rose 7.6% to KSh 56.8 million driven by higher tea volumes.

🔴 Operating cash flow collapsed to just KSh 0.3 million.

🔴 Total assets fell 10% to KSh 176.5 million.

🔴 Directors held off an interim dividend.

Read full financial analysis here »»»»»

INSIGHT: Kenya’s Grid Sees Boost From 13% Jump in Wind Power

By Brian Nzomo

The month’s power numbers showed a curious tension: overall generation dipped, yet turbines across Turkana and Kipeto spun harder than ever, their surge offsetting faltering dams and easing diesel. What was once a marginal technology now sees a brief surge in the grid, proving not just its potential but its necessity in a country chasing universal electrification at breakneck pace. The record demand, climbing far beyond levels seen a decade ago, made clear that even Kenya’s celebrated geothermal wells cannot forever shoulder the burden of growth alone. Read more here »»»»»

Also Read 

Stories you missed 

♦️ Assets. Nairobi is the fourth wealthiest city on the continent by number of dollar millionaires.

♦️ Investment. Dangote Group and Ethiopian Investment Holdings have signed a shareholder investment agreement to establish a US$2.5 billion fertiliser plant in Ethiopia.

♦️ Banking. NCBA Group PLC has reported a 12.6% increase in half-year 2025 profit after tax to KSh 11.1 billion.

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