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Fintrust Securities Secures Investment Bank Licence
Fintrust Securities, a subsidiary of CBK-licensed lender Fincorp Credit, has received a CMA investment bank licence authorising bonds trading, equity trading and fund management. Founder Gibson Wachaga said the licence will broaden investor access and deepen Kenya's capital markets.
Konza Technopolis Posts Record KSh 2Bn Loss, Faces KSh 140Bn Phase 2 Financing Gap
Konza Technopolis posted a 1.984 Bn deficit in FY2025 as a 1.604 Bn depreciation charge hit the books. The Data Centre lost 61.30 Mn on 126.8 Mn revenue as clients failed to pay. Direct jobs fell from 3,000 to 1,141. Cumulative investment hit 99.38 Bn. Phase 2 requires 140 Bn.
Fincra Secures Bank of Ghana EPSP License to Power Seamless Digital Payments and Remittances
The license lets Fincra do three things inside Ghana that previously required stitched-together partnerships: aggregate domestic payments, settle local transactions, and receive inbound remittances in cedis.
Shadow Budget Exposes Cracks in Kenya’s Finances as Debt, Donor Cuts Squeeze Essential Services
At the centre of the concern is what analysts describe as an “overly optimistic” fiscal framework, where revenue projections are routinely missed, forcing the State into frequent spending revisions and off-plan expenditures
BFREE Raises Capital to Expand Distressed Loan Purchases Across Africa
BFREE, a Nigeria-based buyer of non-performing retail and small-business loans, has raised undisclosed growth equity funding aimed at scaling its acquisition of distressed credit portfolios
Dangote to Set Up Kenya Investment Vehicle Ahead of Refinery IPO
Aliko Dangote is setting up a Kenya investment vehicle ahead of his pan-African refinery IPO, offering African investors dollar returns and tradeable exit certificates. The World Bank Group has pledged full support. The refinery IPO targets a US$5bn raise at a valuation of up to US$50bn.
Kenya's Exports Lean On Africa, Europe Even As Trade Deficit Widens in 2025
The current account deficit widened to KSh 373.3 billion in 2025 from KSh 285.5 billion a year earlier, as import growth outpaced export gains and secondary income inflows weakened.
SASRA Flags Fragile SACCO Funding as Wealthy Few Hold KSh566 Billion Lifeline
The real weight of the system lies at the top, as the report reveals that the bulk of the deposit liabilities, over KSh 566.04 billion
Kenya Opens Bids for Key Link Roads in South Sudan Trade Corridor
The corridor is designed to carry trade between Kenya and South Sudan, offering a shorter route for goods moving inland from the port of Mombasa
Del Monte Kenya Tackles Land Disputes, Backs Sustainability
Del Monte Kenya Ltd. has published its 60-Year Impact Report, detailing over KSh 100 billion (US$800 million) in contribution to Kenya’s GDP and the support of nearly 20,000 jobs annually
Shri Krishna Overseas' Profit Tumbles 59% in First Full Year on NSE as Kisaju Costs Bite
Shri Krishana Overseas PLC posted a KSh 4.14 Mn profit for FY2025, down 59% from KSh 10.18 Mn, as tax-driven input cost increases compressed gross margin to 25% and Kisaju expansion debt pushed net borrowings to KSh 162 Mn. Revenue grew 13% to KSh 351 Mn.