Chicken Inn Owner Posts 76% Interim Profit Surge, Kenya Volumes Rise 12%
Simbisa Brands Limited reported 8% US dollar revenue growth in Kenya for the half year ended 31 December 2025, driven by a 12% increase in customer volumes. Delivery orders surged 60% year on year. At the group level, revenue rose 16.1% to USD 182.75 Mn (KSh 23.67 Bn) with profit before tax climbing 76.3% to USD 20.45 Mn (KSh 2.65 Bn). Operating margins expanded to 17.4% on cost discipline and supplier engagement. The board declared an interim dividend of 0.934 US cents per share, up 50.6%, payable 20 March 2026.
Africa’s Billionaires Add Over US$ 20Bn as Combined Wealth Crosses US$ 126.7Bn
Africa’s 23 billionaires increased their combined wealth to US$ 126.7 billion in 2026, adding more than US$ 20 billion as equity markets rallied. Nigeria’s Aliko Dangote remains the richest person on the continent, while Abdulsamad Rabiu recorded the largest wealth gain.
United Bank of Africa (UK), British International Investment Expand Trade Finance for African Businesses
UBA UK and British International Investment plan to expand trade finance for African businesses through a new collaboration targeting persistent funding gaps. The initiative aims to mobilize capital for underserved markets, though structural constraints may limit its reach.DRC, Rwanda Agree to Fresh De-escalation Steps in Washington Talks
The Democratic Republic of the Congo (DRC) and Rwanda have agreed to a new set of coordinated measures to ease tensions, following the latest talks in Washington, D.C.Bank of Tanzania Joins Africa Finance Corporation as Equity Shareholder
The Bank of Tanzania has made an equity investment in infrastructure solutions provider Africa Finance Corporation (AFC), becoming a sovereign shareholder.
Zenith Bank Targets London Listing to Drive Global Expansion
Zenith Bank Plc is planning a 2027 listing on the London Stock Exchange to expand access to international capital and support its growing cross-border operations. The move follows regulatory recapitalization in Nigeria and aligns with a broader strategy to scale global business, particularly in trade and investment flows.Mauritius Launches Its First Dedicated Art & Culture Investment Summit
Mauritius is set to host the inaugural Mauritius Art and Culture Investment Summit (MACIS), as the island nation sets to transform itself into a leading art and cultural-tourism destination across Africa and the Indian Ocean region.Africa Energies Summit Faces Boycott Threat Over Discrimination Row
Mozambique’s oil and gas industry has pulled out of the upcoming Africa Energies Summit in London, citing alleged discrimination against Black professionals and broader concerns around local contentEthiopia Slashes Current Account Deficit 95% to $289 Mn After FX Reform and Export Surge
Ethiopia’s shift to a market-based exchange rate in July 2024 triggered a major external adjustment. The current account deficit narrowed from $6.2 Bn to $289.3 Mn, while export earnings surged 119.2% and private remittances rose 13%. NBE foreign reserves jumped more than 209%, and the gap between official and parallel exchange rates narrowed to within 15%, shifting foreign exchange activity back into the formal banking system.Ethiopia's Banking Sector Posts Strongest Year on Record With Double-Digit Capital Growth
Ethiopian commercial banking posted its best performance across every major indicator for the fiscal year ended June 2025, per the NBE Financial Stability Report. ▸ Net income: ETB 93.4 Bn (+61.3%), the largest profit in the sector's history ▸ NPL ratio: 3.1%, five-year low. Liquidity: 30.4%, five-year high ▸ Total assets: ETB 4.7 Tn (+44.5%), deposits: ETB 3.5 Tn (+40.7%) ▸ Banking Business Proclamation 1360/2025 opens the sector to foreign lendersAfrexInsure Appoints Lesley Ndlovu as New CEO
Airtel Uganda Profit Surges 41%, Data Revenue Surpass Voice
Airtel Uganda reported a 41.1% increase in profit after tax to Ushs 446.9 Bn for the year ended 31 December 2025. Revenue grew 13.3% to Ushs 2,249.7 Bn as data revenue crossed Ushs 1.1 Tn, overtaking voice for the first time to contribute 49.3% of service revenues. EBITDA margins expanded 490 bps to 54.9%, reversing a two-year compression, driven by near-flat 2.0% operating cost growth. The board declared total dividends of Ushs 11.15 per share, up 41.6%, equivalent to 99.8% of earnings. Shares trade around Ushs 80, below the Ushs 100 IPO price, ahead of a November 2026 secondary offer deadline.
