Ghana’s Asantehene, Otumfuo Osei Tutu II, opened the Africa Business Investment Summit in Washington on Thursday, launching a two-day event organizers said aims to secure $500 million in capital commitments for African businesses. The summit, held at the MGM National Harbor in the Washington metropolitan area, drew more than 400 registered delegates, including government officials, […]
Read MoreShareholders of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) approved the union’s structured liquidation on Friday, after regulators found its liabilities exceeded its assets by nearly 12 billion Kenyan shillings ($93 million). The decision, taken at a Special General Meeting convened by the Commissioner for Cooperative Development, David Obonyo, marks the formal wind-down […]
Read MoreCIC Insurance Group PLC said on Friday its net profit rose 70.3% in the first half of 2026, as higher investment returns and growth in its asset management business boosted earnings at the Kenyan insurer. The Nairobi-based company, whose shares trade on the Nairobi Securities Exchange, reported profit after tax of 1.09 billion Kenyan shillings […]
Read MoreMTN Group, Africa’s largest telecommunications operator, is exploring banking licences in selected markets as it seeks to expand lending from its own balance sheet, Chief Executive Ralph Mupita said this week. Mupita told journalists in Johannesburg on Tuesday that lending is now one of the fastest-growing parts of MTN’s mobile money business, alongside payments and […]
Read MoreStandard Chartered Bank Kenya’s sustainable finance assets grew 11% to 62.5 billion Kenyan shillings ($484.5 million) in 2025, up from 56.2 billion shillings a year earlier, the lender said in its annual sustainability report. Revenue from sustainable finance activities rose 16% to 3.5 billion shillings ($27.1 million), Standard Chartered Bank Kenya said in its 2025 […]
Read MoreThe Nairobi Securities Exchange (NSE) reported a 386% jump in first-half profit to 736.9 million shillings ($5.7 million) for the six months ended June 30, 2026, up from 151.6 million shillings a year earlier, the bourse operator said in unaudited results published Thursday. The results, approved by the NSE board on Aug. 27, showed total […]
Read MoreKenya Pipeline Company PLC (KPC) said on Wednesday its subsidiary had signed a 25-year crude oil storage and handling contract with Gulf Energy E&P B.V., part of a package of agreements the state-linked firm expects to diversify its revenue. The Nairobi Securities Exchange-listed company disclosed the contract, along with a revised operations agreement with the […]
Read MoreExecutives from Standard Bank, Africa Finance Corporation, Premier Invest and Banco Angolano de Investimentos (BAI) will join the Angola Oil & Gas 2026 conference in Luanda from September 9-10, organisers Energy Capital & Power said on Wednesday, as the country seeks to attract financing for upstream projects and local companies. The event, known as AOG […]
Read MoreRwanda’s Ministry of Finance and Economic Planning said it has closed a dual-currency loan facility worth 82 million euros ($95 million) and 15 billion yen ($102 million), marking the country’s first-ever yen-denominated debt issuance. The dual-tranche commercial loan facility carries a 15-year maturity and a six-year grace period, the ministry said in a statement. It […]
Read MoreThe Nairobi Securities Exchange (NSE) halted trading in HFCB Group Plc shares on Thursday after the company released its financial results during market hours, breaching Kenyan capital markets disclosure rules, the bourse said in a statement. The NSE said HFCB Group Plc’s release of its results while trading was under way violated Regulation 89(4) of […]
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