Sanlam Kenya shareholders approve $25.1 million rights issue to boost capital
This move aligns with the company’s broader strategy to improve its financial standing and long-term stability.
East Africa
Ham Serunjogi: The fintech trailblazer transforming African payments
The visionary CEO of Chipper Cash is driving financial inclusion and reshaping Africa's payment landscape.
Meet Michelle Kilpin: First female MD of Tanzania’s biggest listed company
Kilpin’s career, which spans over two decades, is a testament to her unwavering commitment and exceptional leadership.
Samih Sawiris acquires $400-million Moroccan tourism project, expands influence in North Africa
Billionaire Sawiris-led consortium to develop Essaouira Mogador with new hotels, resorts, and residential complexes.
James Mwangi gains $17.6 million as Equity Group shares rise
In 2024, the market value of Mwangi's stake increased by Ksh1.51 billion ($17.57 million), fueled by a robust stock performance on the NSE.
Ahmed Heikal: Visionary leader driving Qalaa Holdings' success and Egypt's economic growth
Ahmed Heikal’s visionary leadership has propelled Qalaa Holdings to the forefront of Egypt’s economic transformation, making a lasting impact on the country’s growth and development.
Equity Group aims for 50 million jobs by 2030 with World Bank appointment
Equity Group CEO James Mwangi sets ambitious goal to create 50 million jobs in Africa by 2030, following his appointment to the World Bank’s High-Level Advisory Council on Jobs.
NCBA Bank’s 3-percent profit growth in Q3 reaches $116.4 million
NCBA Bank reports a 3-percent profit growth for Q3 2024, reaching $116.4 million, driven by strong performance in Kenya and a focus on digital solutions.
Court decision frees Benson Ndeta from jail in $34.7-million fraud case
Ndeta was detained in Nairobi’s Valley Arcade area before being questioned at the Directorate of Criminal Investigations (DCI) headquarters.
Safaricom receives approval to launch new investment scheme
This move is part of a broader strategy to expand its financial services outfit and foster greater financial inclusion across the country.
Equity Insurance unit’s nine-month profit surges to $8.26 million, outpaces regional banking subsidiaries
Equity Life Assurance Kenya, a fast-growing subsidiary of Equity Group Holdings, posts a remarkable 181-percent profit increase, signaling robust performance in the insurance sector.
NCBA Bank acquires Unga Group’s $6.6-million loan portfolio from Absa Bank
The acquisition underscores NCBA’s commitment to strengthening its domestic operations while reinforcing its role as a leading financial institution in East Africa.
Aga Khan IV's stake in Nairobi-based insurer Jubilee sees $1.7-million rebound
His investment has grown by $1.7 million over the past 10 days, cementing his position as a key player in Kenya’s investment landscape.
Kenya’s Merali family sees $2.2-million loss as Sasini Tea shares decline on NSE
This latest decline has further impacted the Merali family’s stake, reducing its value to Ksh2.54 billion ($19.63 million) as of Nov. 22.
NCBA opens new branch in Kerugoya to boost local businesses
NCBA’s new Kerugoya branch brings tailored banking services to Kirinyaga County, supporting local businesses and economic growth.
Kenya cancels Adani Group's $2.5-billion deals in wake of U.S. indictment
The decision sparked widespread jubilation in the House, with both Senators and Members of Parliament chanting “Adani Must Go,” briefly interrupting the President's speech.