Nation Media Group Posts Third Straight Loss as Ownership Change Looms
Nation Media Group posted a net loss of KSh 308.6 million for the full year ended 31 December 2025, its third straight annual loss, as turnover fell 3.1% to KSh 6.04 billion. Revenue has nearly halved from a KSh 13.37 billion peak in FY2013, tracking a 66% collapse in Kenya's print circulation market over the same period. Digital revenue and broadcasting each grew 5%, with the user base expanding to 64.7 million.
Turkish Aviation Firm Exits Tanzania to Focus on Kenya's Cargo Hub
Çelebi will reinforce its position in Kenya following its acquisition of Transglobal Cargo Centre Ltd, a ground handling and cargo operator at Jomo Kenyatta International Airport (JKIA).
Dubai's Soren Investment Acquires Gulf African Bank
Soren (UAE) and Auron (Kenya) acquire 57.72% of Gulf African Bank, buying out Al Salam Bank, Istithmar World, and IFC. Soren, with stakes in Sudan and Tanzania, is now the dominant shareholder.KESONIA, Lower Rates, and the New Profit Test for Kenya's Banks- Wall Street Africa FY25 Kenya Banking Sector Report
After nearly two years of strong macro tailwinds, banks are now being forced to prove how much of their profitability was structural and how much was simply helped by high interest rates, elevated Treasury bill yields and foreign exchange volatility.
Nigeria's Zenith Bank Completes Paramount Bank Kenya Acquisition
Zenith Bank Plc has completed the acquisition of Paramount Bank Kenya Limited, gaining its first East African foothold. The deal covers the bank's entire share capital plus subsidiaries PB Capital and Paramount Bancassurance. Paramount posted a KSh370 Mn profit in FY2025 on total assets of KSh17.11 Bn. The acquisition price was not disclosed.DTB Kenya Completes Burundi Divestiture, Subsidiary Profit Collapsed 56% in Final Year
Diamond Trust Bank Kenya has completed the sale of its entire 83.67% shareholding in Diamond Trust Bank Burundi S.A. to a consortium of primarily Burundian investors, closing a 16-year regional presence that began in 2009. The transaction, completed on 31 December 2025, followed regulatory approval from the Bank of the Republic of Burundi. DTB Burundi had contributed just KSh 50.6 million to group pre-tax profit in FY2024, down 56% year-on-year, as total assets contracted from KSh 5.9 billion to KSh 4.6 billion amid Burundi's 39% inflation environment.NCBA Posts Record KSh 23.4Bn profit as Nedbank Takeover Looms
NCBA Group PLC posted a record post-merger profit after tax of KSh 23.39 Bn for the full year ended 31 December 2025, up 7.0%, driven by a 27.7% surge in net interest income to KSh 44.08 Bn as funding costs collapsed. Total dividend rose 29.1% to KSh 7.10 per share, the highest since the 2019 CBA-NIC merger. Nedbank of South Africa has tabled a $855 million bid for 66% of NCBA, valued at 1.4 times book. CMA waiver secured February 2026. CBK approval expected Q3 2026, with deal closure targeted late 2026.Kenya Targets Over US$ 2bn in Investment Deals at #KIICO2026
Kenya has officially launched the Kenya International Investment Conference (KIICO) 2026, a flagship investment forum expected to mobilise more than Sh260 billion ($2 billion) in new investment commitments
Equity Group Shifts Expansion Plans to Angola as Ethiopia Entry Delays Persist
Equity Group is prioritizing expansion into Angola through a planned acquisition in Luanda, as regulatory and licensing delays continue to slow its long-standing efforts to enter Ethiopia.Zamara Deal Enters EAC Probe as Amethis Seeks Minority Stake
The EAC Competition Authority has opened an inquiry into a proposed acquisition by Amethis Fund III S.C.A. SICAV-RAIF of a 39.5% stake in Zamara Holdings Limited,James Mworia's Centum: All Deals, Exits and Write-Offs
From filing clerk to Kenya's youngest CEO of a listed company, James Mworia has led Centum Investment since December 2008. This record covers every acquisition, exit, capital raise, impairment and write-off across his 17-year tenure: the 19.5 billion shilling Coca-Cola beverages exit, the UAP Holdings sale to Old Mutual, the 2.097 billion shilling Amu Power write-off, and the Sidian Bank exit concluded 12 March 2026. Portfolio carrying value as at 31 March 2025 stood at 50.577 billion shillings against an inherited base of approximately 6 billion shillings.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.
