Markets: Events to Watch Out for this Week

This week is packed with massive dividend payments from heavyweights like Equity Group and Car & General, alongside a major listing on Monday and key macroeconomic data.

📋 AGMs:

HomeBoyz Entertainment PLC (HBE) holds its AGM on Tuesday, 30 June. Later in the week, Olympia Capital Holdings PLC (OCH) holds its AGM on Friday, 03 July. According to its 2026 financial results, Olympia Capital Revenue declined 6.22% to KSh 428.75m while Net Profit fell 40.665 to  KSh 10.45Million.

The firm’s balance sheet grew 1.7% to KSh 1.95billion. Olympia Capital Holdings performance validates the prior Profit Warning, in which the board flagged a drop of over 25% due to lower revenue, higher finance costs, and increased operating expenses.

Net profit ultimately plummeted 40.66% to KSh 10.45Mn, and Free Cash Flow dipped further to KSh 67.36Mn. While Olympia Capital managed to remain profitable with low leverage (0.1x D/E), the share price has decoupled from fundamentals, surging 123.56% to close at KSh 7.78.

💰 DIVIDEND PAYMENTS:

Tuesday, 30 June, is a massive payday. Kenya Power and Lighting Company (KPLC) pays out its 4% and 7% Preference shares dividends. Car & General (CGEN) pays its final dividend of KSh 3.12 per share, and Equity Group Holdings PLC (EQTY) pays its final dividend of KSh 5.75 per share.

🏦 BONDS, SETTLEMENTS & NOTEHOLDERS:

On Monday, 29 June, the Central Bank of Kenya (CBK) handles the settlement for the Tap Sale of FXD1/2018/020 and FXD1/2021/025. On Tuesday, 30 June, Real People Kenya Limited (RPKL) makes its third instalment payment to Noteholders, and CBK is scheduled to roll out its new Retail Bond.

C-SUITE CHANGES IN BANKING INDUSTRY

The Banking industry also saw a spectacular c-suite change that saw the resignation of Absa Bank CEO Abdi Mohamed, who joins I&M Bank as the new boss. Abdi begun his banking career as a bank teller in Garissa in 1994 and steadily rose through the ranks, serving in Kenya, Zambia, London and Tanzania before becoming CEO of Absa Bank Kenya in 2023.

During his tenure, Absa Bank Kenya improved operational efficiency, expanded its bancassurance business, and maintained its position among Kenya’s leading lenders. This week, he stepped down as CEO—not amid controversy, but to pursue another opportunity. He has since been appointed CEO of I&M Bank Kenya, marking another significant leadership move within the banking industry.

Absa Kenya’s share price has opened stronger despite the surprise CEO exit, rising 1.23% to KSh 32.90. The stock remains one of the NSE’s stronger large-cap performers, up 5.7% in the past week, 31.6% YTD and 73.8% over the past year.