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 [...]Kenyan Used Car Marketplace Peach Cars Secures US$11 Million Series A Funding
Kenyan-based used car marketplace Peach Cars has raised US$11 million in a Series A funding round, as it accelerates efforts to digitize and formalize vehicle transactions across East Africa. “We’re [...]Naspers, Africa’s Top Stock, Posts $12.3Bn Profit on Tencent Gains
Naspers, Africa’s largest publicly listed company by market capitalization, has posted Profit After Tax (PAT) of US$12.26 billion—surpassing revenue of US$7.18 billion-for the fiscal year ended 31 March 2025. These [...]Africa Finance Corporation Secures EUR 250mn Loan From Italian Development Bank
Continental infrastructure solutions provider Africa Finance Corporation (AFC) has secured a EUR 250 million 10-year term loan from Cassa Depositi e Prestiti (CDP), the Italian Financial Institution for Development Cooperation. [...]Equity Bank Targets EA Cables Amidst TransCentury's Turnaround
TransCentury Plc, a listed infrastructure investment group has recently reported its first annual net profit since 2013, marking a turnaround amidst ongoing legal battles with Equity Bank over its subsidiary, [...]
