Nairobi, May 5 -- Express Kenya has disclosed the sale of a portion of its land holdings for Sh300 million in an effort to raise funds to clear its debt obligations and improve its cash position.

The listed logistics firm said the disposal of the three acres of its Industrial Area land was concluded early this year.

Express sunk deeper into losses to Sh125 million for the full year ended December 2025 owing to a 19 percent drop in revenues. The company had posted a loss of Sh107.9 million in the prior year.

"This decrease is attributed to decreased rental of space during the year when the company commenced the construction of a strip mall and filling station in the first phase of its planned projects on the company land which was part ...