Carbacid Investments Adds Solar Power, Cuts Electricity Use 25%, Half-Year Profit Up 6.9%

Carbacid Investments, the Kenyan carbon dioxide producer listed on the Nairobi Securities Exchange, added solar power that cut electricity consumption by 25 percent at its operations. The company's 2024 sustainability report puts renewable energy at 20 percent of total energy use, so the solar installations have a direct operating cost angle rather than being just a branding exercise. For the half year to January 2026, Carbacid posted net profit of KSh465 million, up 6.9 percent, on sales growth of 3.8 percent. Operating profit dipped slightly, while equity revaluation gains more than doubled to KSh106.2 million. That split matters because the headline profit figure is not purely from the core carbon dioxide business. The stock closed at KES 41.00 on October 16, 2026, with a market cap of KES 10.5 billion. Investors tracking decarbonization in African manufacturing will find the solar numbers useful, but they should read the earnings growth alongside the revaluation gains and the underlying gas business performance.