Aga Khan IV, spiritual leader and business visionary, dies at 88
Aga Khan’s investments shaped East Africa’s media, banking, and hospitality sectors.
Kenya
10 assets owned by Kenya’s largest landholders, Kenyatta family
Driven by the vision for Kenya’s development, the Kenyattas have strategically invested in sectors crucial to the nation’s growth, from infrastructure to agriculture.
Kenya’s satellite communication push challenges Starlink, other competitors
Kenya's push to benefit from the growing satellite internet industry could pose financial challenges for providers like Starlink.
Kenya Airways trading resumes on Nairobi Exchange, ends decade-long profit drought
The NSE cited improved company performance and the withdrawal of the renationalization plan as key factors behind the reinstatement.
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.
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
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.
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.
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.
Safaricom's CEO Peter Ndegwa earns $1.95 million in 2024 salary
This marks a 19.4 percent decline from last year's earnings of $2.42 million, primarily due to a 31.7 percent drop in the value of share-based awards.
NCBA and Sanlam join forces to expand Kenya's life insurance with digital funeral and education plans
NCBA Group and Sanlam Life Insurance have launched new digital life insurance plans to improve access to affordable funeral and education coverage in Kenya.
John Gachora made $1.4 million as CEO of NCBA Group last year
The total compensation for 2023 exceeded the previous year’s total reward of Ksh147.73 million ($1 million) by 25.75 percent.
Safaricom contributes $7.6 billion to Kenyan economy
Kenya’s largest telecom operator reports significant job creation and social impact.
Equity Bank secures $20 million to boost financial access in Kenya’s refugee regions
The project is designed to enhance financial inclusion for small businesses and individuals in these marginalized areas.
Acorn Holdings completes $21-million green bond repayment
This decision highlights Acorn's strong financial position and solidifies its leadership in Kenya's real estate market.