Standard Chartered Bank Kenya (SCBK) Limited, a prominent subsidiary of the UK-based Standard Chartered Plc, finds itself navigating a turbulent financial period, reporting a significant and sharp decline in its Profit After Tax (PAT). For the nine months ending September 30, 2025, the lender posted a net profit of KSh 9.79 Billion, marking a steep […]

The East African cement market is currently witnessing one of its most definitive shifts in corporate control, as Tanzania’s Kalahari Cement has officially confirmed its acquisition of a substantial additional equity stake in the East African Portland Cement Plc (EAPC). This strategic maneuver, executed through a Share Purchase Agreement (SPA) with the National Social Security […]

Family Bank Group has delivered an exceptional financial performance for the nine months ending September 30, 2025, recording a significant 56% increase in Profit After Tax (PAT) to KES 3.5 billion, a substantial jump from KES 2.3 billion reported during the corresponding period in the previous year. This robust growth, detailed in the bank’s latest […]

. In a significant development for regional infrastructure cooperation, President William Ruto has confirmed that Uganda will acquire a stake in the Kenya Pipeline Company (KPC) once the privatisation process is completed, marking a new era of joint ownership of strategic energy infrastructure in East Africa. The announcement, made during an investment tour in Uganda […]

In a significant development that signals the continuing expansion of Nigerian banking giants across Africa, Zenith Bank Plc, Nigeria’s second-largest lender by total assets, is preparing to enter the East African market through its planned acquisition of Kenya’s Paramount Bank. This strategic move, expected to be finalized by January 2026 pending regulatory approvals, represents a […]

In a significant development that has drawn attention across East Africa’s telecommunications and financial services sectors, Vodacom Group has firmly rejected proposals to separate M-Pesa from Safaricom’s core telecommunications operations, despite mounting pressure from Kenyan regulatory authorities and government officials. The decision underscores the complex interplay between regulatory oversight, corporate strategy, and the evolution of […]

Safaricom, Kenya’s telecommunications giant, is piloting a groundbreaking new feature called Ziidi Trader that could fundamentally transform how millions of Kenyans access and interact with the country’s capital markets. The innovative platform, currently in testing phase, will integrate stock trading on the Nairobi Securities Exchange (NSE) directly into the M-PESA app, potentially opening up the […]

Kenya’s electric mobility sector is experiencing a remarkable transformation, with electric motorcycles rapidly gaining market share in a country where motorcycle taxis, locally known as boda bodas, form the backbone of urban and rural transportation. In a groundbreaking move that democratizes investment access, Roam, one of Kenya’s leading electric motorcycle manufacturers, has launched a crowdfunding […]

African stock markets demonstrated remarkable resilience and momentum during the third quarter of 2025, with Nigeria, Kenya, and Morocco emerging as the strongest performers as investor confidence improved following months of currency volatility and macroeconomic uncertainty. The latest market capitalization data from Kenya’s Capital Markets Authority (CMA) reveals that out of nine African exchanges analyzed, […]

Kenya’s largest bank by customer base, Equity Group Holdings, has announced a remarkable 32.66 per cent surge in its third-quarter net profit, climbing from Sh39.2 billion in the previous year to Sh52.1 billion. This impressive performance comes at a critical time when Kenya’s economy is experiencing a significant slowdown, offering a glimmer of hope for […]