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 [...]
NSSF Risks Losing KSh 15.6 Billion in Unpaid Contributions, Disputed Assets
The National Social Security Fund (NSSF) is exposed to at least KSh 15.6 billion in unresolved financial claims, asset impairments, and contribution arrears, according to the pension firm's internal disclosures. [...]Wingu Africa Secures US$60 Million for Data Center Expansion Across East Africa
Wingu Africa has raised $60 million in financing from Rand Merchant Bank to accelerate the development of digital infrastructure across Djibouti, Ethiopia, and Tanzania. “This is not just an investment [...]TransCentury Breaks 10-Year Loss Streak with KSh 580 Million Profit in 2024
TransCentury Plc, the best-performing NSE stock in 2025 with +212.82% year-to-date gain at the time of publishing, has reported a net profit of KSh 580 million for the year ended [...]Cloud Services Push Konza City's Revenue to KSh 252.4mn, Other Income Streams Decline
Cloud services have emerged as the main revenue driver for Kenya’s flagship smart city, Konza technopolis, accounting for the highest proportion of the KSh 252.4 million the city generated in [...]
