Corporate executives invest millions in HF Group on housing sector bet

A growing number of company executives have invested in HF Group, capitalizing on the rapid growth of Kenya's housing sector. Key shareholders include Sitoyo Lopokoiyit, former managing director of M-Pesa Africa, and Gerald Warui, recently appointed non-executive director, holding 10.1 million and 2.5 million shares respectively. HF Group reported a 171% growth in net profit for the year ending December 2025, reaching Sh1.42 billion, despite accumulated losses of Sh1.1 billion that have prevented dividend payments for over five years.