NSE profit warnings surge further on tough business environment

The number of profit warnings issued by companies listed on the Nairobi Securities Exchange has reached eight in the current financial year, reflecting a tough economic environment. Nairobi Business Venture (NBV) recently announced an anticipated earnings decline of at least 25% for the year ending March 2026, with a net profit expected to be below Sh24.1 million. Other companies, including CIC Insurance and Kenya Airways, have also reported significant profit declines.