Airtel Money US$ 10Bn IPO Delayed Thrice, US$ 515Mn Deadline Looms Large
Airtel Africa has deferred the Airtel Money IPO to H2 2026, its third delay since the original July 2025 target, blaming market volatility from the war in Iran. Bloomberg values the listing at up to $10Bn with a $1.5Bn to $2Bn fundraise targeted in London. A $515Mn put option held by TPG and Mastercard becomes exercisable around July 2026, framing the IPO as both a strategic milestone and a financial deadline.
Airtel Africa Posts Record US$ 813Mn Profit, Data Overtakes Voice
Airtel Africa delivered its strongest financial performance since its 2019 dual listing in London and Lagos, reporting a 29.5% rise in full-year revenue to US$ 6.42Bn and a record profit after tax of US$ 813Mn.Dangote Shifts Refinery Plans to Mombasa
Dangote tells the FT he prefers Mombasa over Tanga for a planned 650,000-bpd East African refinery costing US$15-17bn, citing the port's depth and Kenya's larger economy. He deferred the location decision to President Ruto, saying whatever Ruto decides is what he will do.Glovo Opens New Nairobi Headquarters, Commits KSh 10 Billion Investment by 2030
New corporate office marks a strategic milestone as Glovo reports record growth in Kenya, 40% year-on-year order increase ,and doubles down on its role as a cornerstone of the country's digital economy
Kenya is Becoming Glovo’s Testing Ground for the Future of Urban Commerce
In an interview with The Kenyan Wall Street, Glovo co-founder, Sasha Michaud, says that the market has shifted from an uncertain frontier into a strategic hub shaping its global model.
35 Things The Economic Survey 2026 Tells Us About Kenya (That Most People Will Miss)
The Economic Survey 2026 is dense, comprehensive, and full of numbers most people will never read. This article does the work for you: 35 things from the report worth knowing, what they actually mean, and why you should care.
Stanbic Posts 5.5% Profit Growth in Q1 2026 as Deposits Cross KSh 400Bn
The results show a recovery in core lending income, a milestone on deposits, and a deepening challenge in non-interest revenue.From Cyber Hell to Battlefields: How Transnational Syndicates are Trafficking Kenyans Abroad
The dream of a lucrative "tech job" or a "security assignment" abroad is turning into a living nightmare for hundreds of Kenyans, as sophisticated transnational syndicates trade human lives for profit.Kenya Introduces Tiered Risk Structure for AI-Driven Medical Devices
The framework covers standalone AI diagnostic systems, cloud-based clinical decision tools, and software embedded in medical hardware; products that until now had no dedicated regulatory pathway in Kenya.Kenya Power To Purchase Meters for KSh19 bn Solar Project
KPLC has invited bids for the supply of single-phase prepaid meters and miniature circuit breakers, a contract that will be financed under the KSh 19.37 billion Kenya Off-Grid Solar Access Project (KOSAP)Safaricom Posts Record Profit as Ethiopia Operations Rally
Safaricom FY26 attributable profit hit a record KSh 95.61 Bn, up 37.0%, with EBITDA surging 27.9% to KSh 220.26 Bn and EPS at 2.39. Kenya service revenue crossed KSh 400 Bn for the first time. Ethiopia EBITDA loss narrowed 64.8%, with H2 near breakeven at (2.7 Bn).Safaricom Declares Largest Dividend Payout in Kenya's History
Safaricom declared a record KSh 80.13 Bn dividend for FY26, comprising KSh 0.85 interim and KSh 1.15 final, totaling KSh 2.00 per share. The payout breaks a three-year freeze and exceeds the FY25 profit of every other company in East and Central Africa.
