TechFinancials Charts New Course in Kenya After Posting Nil Earnings for First Half of 2025

 

TechFinancials, the London-listed fintech and investment company, has reported nil revenues for the first half of 2025, signaling ongoing challenges in its core operations. However, the firm has outlined a new strategic direction, focusing on resource-based expansion in Africa—particularly in Kenya’s iron ore sector—to diversify its income streams and restore growth momentum.

According to its H1 2025 financial statement, TechFinancials recorded no active revenue generation during the period, compared to marginal earnings in the previous year. The company attributed this to the completion of its exit from non-core fintech operations and delays in new investment projects, leading to a flat revenue position and limited cash inflows. Administrative and compliance costs, however, continued to weigh on the balance sheet, prompting management to pursue a more asset-backed strategy.

To address these challenges, TechFinancials announced plans to enter Kenya’s mining and mineral development space, leveraging the country’s rising demand for raw materials and infrastructure investment. The company’s management highlighted Kenya’s growing potential in iron ore extraction and export, supported by government policies aimed at boosting industrial production and attracting foreign investment in resource development.

The move marks a sharp pivot from TechFinancials’ traditional focus on digital trading platforms and blockchain ventures. The company’s executives said the shift aligns with its goal of establishing a more sustainable, commodity-linked portfolio that can offer predictable long-term returns. “Our strategic emphasis is now on tangible, growth-oriented assets across Africa. The Kenya iron ore initiative represents the first of several ventures under evaluation,” the board stated.

Kenya’s iron ore sector, though relatively underdeveloped, is seeing renewed investor interest following exploration successes in regions such as Taita Taveta and Tharaka Nithi. The government has prioritized mining as part of its broader Manufacturing and Industrialization Agenda, positioning minerals as a driver of regional economic growth. By tapping into this opportunity, TechFinancials aims to participate in early-stage resource development, potentially securing production and export rights in the coming years.

Analysts see the move as a strategic rebranding effort to restore investor confidence after years of declining revenues and divestments. TechFinancials, which once operated popular online trading platforms, exited those businesses following tighter European regulatory controls and competitive pressures in the fintech sector. The company has since been seeking new revenue anchors in emerging markets, emphasizing natural resources, energy, and infrastructure investments.

The Kenya venture may also serve as a gateway for TechFinancials’ broader African expansion, as the continent continues to attract international capital for mining, renewable energy, and digital infrastructure projects. If successful, the firm could re-establish itself as a hybrid investment vehicle—bridging traditional resource industries with financial technology expertise.

Looking ahead, the company said it expects initial project assessments and feasibility studies for the Kenyan operation to be completed by early 2026. Pending approvals and partnerships with local stakeholders, TechFinancials could begin preliminary exploration activities soon after.

While short-term financial headwinds persist, the company’s Africa-focused diversification marks a renewed bid to regain profitability and shareholder value. For TechFinancials, Kenya represents both a challenge and an opportunity—the chance to turn a year of stagnation into the beginning of a new, growth-driven chapter.