Umeme Shares Sink 25% as Concession Dispute Clouds Investor Sentiment
Umeme Limited, formerly Uganda’s largest electricity distribution company and a cross-listed entity on both the Uganda Securities Exchange (USE) and the Nairobi Securities Exchange (NSE), has seen its stock drop [...]
Seed Funding Was Supposed to Unlock Scale. It Built a Waiting Room Instead
Clogged pipes cannot carry any water, and the seed-to-series funding market is full of what few people are buying, despite the increase in local growth-stage funds. We have an interesting [...]
Ghana’s Credit Rating Rebounds with Gold Windfall and Fiscal Discipline
Ghana has received a significant boost in international investor confidence after Fitch Ratings upgraded the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-’with a Stable Outlook from ‘Restricted Default’ [...]
CBK Raises KSh 71.6B from Oversubscribed Sale of Reopened Bonds
The Central Bank of Kenya (CBK) has raised KSh 71.64 billion in a reopened Treasury bond auction dated June 23, 2025, exceeding its target of KSh 50 billion. In the [...]Mariott, Hilton, Double Down on Africa Investments
Global hotel chains Mariott International, Inc. and Hilton Hotels Resorts have announced aggressive expansion plans that will see the them add over 50 properties and over 100 properties respectively [...]
COMESA Probes Mawingu Networks' Acquisition by SA Fund
The Comesa Competition Commission has opened an investigation into the proposed acquisition of a controlling stake in Mawingu Networks by a South Africa-based fund, Pembani Remgro Infrastructure Fund II (“PRIF II”). [...]Umeme's FY2024 Loss Marks Turbulent End to 20-Year Electricity Concession
Umeme Limited closed FY2024 with a Ushs 511 Billion net loss, reversing a Ushs 11 million profit from the previous year. The loss coincided with the end of its 20-year [...]Investor Wealth on the NSE Up KSh 180Bn, Safaricom Briefly Crosses KSh 1Trillion
The Nairobi Securities Exchange (NSE) is on a record-breaking run with all major indices now posting double-digit returns so far in 2025. The rally is broad-based. Returns on all equities [...]Private Equity Firm Silverbacks Exits Nigerian Startup Omniretail With Fivefold Returns
Just a month after exiting Nigerian fintech Lemfi at a 29x return, Silverbacks Holdings — a Mauritius-based private investment firm — has completed a partial divestment from Lagos-based startup Omniretail, [...]Stockbroker EFG Hermes Kenya Shuts Down Retail Brokerage Unit
Nairobi-based financial services firm EFG Hermes Kenya has shut down its brokerage retail business due to challenges in the economic landscape that have impacted business and volumes. This decision has [...]Kenya's Unit Trusts Edge to Half a Trillion in Assets, Sanlam Dethrones CIC
Kenya’s unit trust industry has entered 2025 at full throttle with Assets under management (AUM) smash every record, surging to KSh 496.2 billion in March—up 28% in just three months [...]A Guide to Exchange Traded Funds (ETFs) in Kenya 2025
Exchange Traded Funds (ETFs) are becoming one of the smartest ways to invest in Kenya. If you’ve used money market funds or bought stocks before, ETFs offer the perfect middle [...]
