Kenya’s Watu posts record $37 million profit on phone financing explosion

The Nairobi-based company reported a net profit of KES 4.8 billion ($37 million) for the year ended December 31, 2025, up from KES 157 million ($1.2 million) a year earlier. Revenue rose 92.7% to KES 28.3 billion ($219.2 million), according to disclosures by Car & General, which holds a 29% stake in the business.   The Nairobi-based company reported a net profit of KES 4.8 billion ($37 million) for the year ended December 31, 2025, up from KES 157 million ($1.2 million) a year earlier. Revenue rose 92.7% to KES 28.3 billion ($219.2 million), according…