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.
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.
QCIL posts over 500-percent profit surge to $6 million
Pharmaceutical leader reports robust growth in revenue and margins.
NCBA Bank partners with Xpress Money to streamline global remittance services
Seamless money transfers for NCBA diaspora customers.
Simbisa Brands boosts Kenyan workforce with 402 new jobs
Fast-food operator opens 15 new outlets; shifts focus to chicken and pizza
James Mwangi’s Equity Group stake nears $50 million
James Mwangi, Kenya's richest banker, solidifies his position with a 12.64% increase in Equity Group shares, boosting his net worth to nearly $50 million.
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.
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.