Amsons gains regulatory approval for Bamburi Cement deal
The COMESA Competition Commission confirms the deal will not harm regional competition or result in market dominance, supporting trade integration.
East Africa
Co-op Bank profit rises to $148 million amid expansion drive
Co-op Bank reports 4.4-percent profit growth despite rising costs from expansion and staff investment.
Equity Group partners with DEG to launch German desk in East Africa
The initiative will focus on enhancing support for small and medium-sized enterprises (SMEs) in both regions.
IBL Group to offload stake in Mauritian bank to Access Holdings’ UK subsidiary
Mauritian conglomerate led by Arnaud Lagesse seeks to unlock value from early investment in regional bank.
Safaricom suspends advertising on Nation Media Group platforms amid critical coverage
Kenya's largest telecom halts ads on major publications following critical reports on data privacy practices.
Equity Group's nine-month profit rises 13 percent to $317 million
Regional subsidiaries contributed 49.78 percent of the earnings, reflecting the group's successful regional diversification strategy.
Baraka Smiles Foundation launches $387-million campaign to transform oral health in Kenya
Baraka Smiles Foundation launches a $387-million campaign to bring essential dental care to Kenya’s underserved communities, aiming for "1 million healthy smiles" by 2027.
NCBA Bank deepens commitment to Kitui with new branch, empowering local growth
NCBA Bank opens a new branch in Kitui, boosting financial access and empowering local businesses to drive economic growth in the region.
Standard Chartered and BII renew $350-million trade finance agreement to drive growth across Africa and South Asia
Standard Chartered and BII expand their trade finance partnership, injecting $350 million to boost economic growth across Africa and South Asia, with a focus on sustainable development and empowering small and medium-sized businesses.
Safaricom reaches 52 million subscribers in Ethiopia
The telecom giant reported this milestone with its half-year results, marking rapid growth in one of Africa’s biggest telecom markets.
Co-op Bank signs $3.8-million deal for water, sanitation projects in Kenya
Co-op Bank secures $3.8 million partnership aimed at improving clean water and sanitation access across the country.
Safaricom reports mixed results for H1 2025, faces challenges in Ethiopia, Kenya
East Africa's telecom giant, Safaricom, sees revenue growth but faces profitability hurdles.
Startupbootcamp, Ashish Thakkar launch $250-million fund for African startups
The fund targets key African tech hubs, including South Africa, Nigeria, Kenya, Ivory Coast, and Egypt.
Mohammed Dewji to close 2024 with $300-million gain despite headwinds
This boost in fortune solidifies his place as East Africa's richest individual and places him as the 1,882nd wealthiest person globally.
Aga Khan IV's stake in Nairobi-based insurer Jubilee drops by $1.6 million
The recent decline has reversed much of his previous gains, reducing his holdings to Ksh4.49 billion ($34.86 million).
MTN Uganda posts $637.4 million revenue in 9M 2024
MTN Uganda’s financial success translated into a notable profit increase of 29.6 percent, rising from Ush354.44 billion ($96.87 million) to Ush459.42 billion ($125.58 million).