BangBet Operations Protected as High Court Backs Lucky Bus License
The High Court has dismissed an application seeking to suspend operations of BangBet, a betting platform operated by Lucky Bus DMCC and Afreeken Technology Ltd, dealing a blow to Rabow [...]
KSh 17.7 Bn UK Fund Targets 500 Kenyan Startups
The United Kingdom (UK) will channel KSh 17.7 billion into Kenya’s innovation landscape, including startups and SMEs, as part of the renewed Strategic Partnership 2025–2030 signed by Kenya's President William [...]Kenya to Relocate Nuclear Power Project to Siaya After Kilifi Pushback
Kenya's plans for its first nuclear power plant have found new footing in Siaya County after fierce community opposition derailed earlier efforts in Kilifi. In October last year, residents in [...]Olympia Capital Posts KSh 17.6M Profit in FY2025, Boosted by Asset Revaluation
Olympia Capital Holdings Ltd has reported a net profit of KSh 17.6 million for the financial year ended 28 February 2025, down 50% from KSh 35.2 million the year before. [...]
Centum Issues Profit Warning as Half-Year Results Reveal Continued Strain
Centum Investment Company Plc has issued a profit warning for the financial year ending March 2025. It expects net earnings to drop by at least 25% from the KSh 2.6 [...]AfDB Kickstarts Pioneering Cable Car Project in Kigali
The African Development Bank (AfDB) has approved a grant of $500,000 for a feasibility study into the first phase of a cable car transport network in Kigali, Rwanda, that will [...]
Ethiopia Opens Doors to Foreign Banks, But With Tight Controls
Ethiopia has introduced a comprehensive directive—effective June 25, 2025—governing the licensing and operations of foreign banking institutions. While this move signals a major liberalization of one of Africa’s last closed [...]Experts Weigh in on Wealth-Building Blueprint: Diversify, Secure, Grow
Where and when to invest are the two biggest decisions one can make today, and risk tends to be at the top of it. In an engaging Virtual Office Hours [...]NSE Hits 3-Year High as Investor Confidence Defies Unrest
Against the backdrop of nationwide protests marking the anniversary of last year’s tax unrest, the Nairobi Securities Exchange delivered a standout performance on Tuesday. Foreign investor confidence faltered, with net [...]Angola Becomes a Shareholder in the Africa Finance Corporation
Angola has become the latest sovereign shareholder in the Africa Finance Corporation (AFC), three years after the Southern African country joined the infrastructure solutions provider as a member. The Corporation [...]TransCentury, East African Cables Shares Suspended; NCBA Share Price Hits Decade-High
The Nairobi Securities Exchange (NSE) has indefinitely suspended trading in TransCentury Plc (NSE:TCL) and East African Cables Plc (NSE:CABL) shares, effective June 23, 2025. With receivers now back in control [...]Umeme to Pay Record Dividend as Arbitration Battle Looms
Umeme Limited, Uganda’s former electricity distribution monopoly, has set markets alight with the declaration of a record Ushs 222 interim, equivalent to approximately KSh 7.96, for FY2025— the largest in [...]
