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Synkron Opens Industrial Automation Training Center in Nairobi
International Islamic Trade Finance Corporation Signs US$ 1bn Pact with Mauritania
LemFi secures Bank of Canada registration to strengthen position in Canada’s $8.6bn remittance market
Registration under Canada’s new Retail Payment Activities Act (RPAA) places LemFi within the country’s new robust federal supervisory framework.
Aga Khan Sells Nation Media Group Majority Stake to Tanzanian billionaire Rostam Azizi
Tanzania's first dollar billionaire Rostam Azizi is acquiring AKFED's 54.08% stake in Nation Media Group via Taarifa Ltd. Azizi, whose Taifa Group spans LPG, contract mining, aviation, and media, co-founded Mwananchi Communications in 1999 before selling out to NMG. He now returns as majority owner of East and Central Africa's largest independent media house, with regulatory approval expected within three to four months.
Fragmented Payment Systems are Slowing Africa's Trade, Rwanda's Trade Minister Says
JetBlue Briefly Grounds Flights Days After Codeshare Deal With Kenya Airways
Flights operated by JetBlue were briefly grounded after a system outage prompted the airline to request a temporary halt from the FAA. The disruption comes days after the U.S. carrier announced a new codeshare partnership with Kenya Airways to expand connectivity between Nairobi and multiple U.S. cities.
KRA Introduces Body-Worn Cameras for Customs and Border Officers
The Kenya Revenue Authority plans to introduce body-worn cameras for customs and border control officers to improve transparency and accountability at Kenya’s entry points. The devices are expected to record inspections and interactions, strengthening oversight of frontline operations at locations such as Jomo Kenyatta International Airport and other border posts.
Mwalimu Sacco Profit Jumps 76.3% as Asset Base Hits KSh 76.3Bn
Mwalimu National DT Sacco, Kenya's largest Sacco by assets, reported a 76.3% jump in surplus to 1.27Bn for the year ended 31 December 2025, its strongest result since 2020. Net interest income grew 11.0% to 3.53Bn while loans and advances expanded 19.3% to 56.3Bn. Administrative expenses rose 17.7% to 3.00Bn and impairment charges climbed 5.4% to 960.3M. The Sacco held its dividend at 13% and raised interest on deposits by 5 basis points to 10.05%. Total assets closed at 76.3Bn, up 10.8% year-on-year.
Nigeria to Host Intra-African Trade Fair 2027
Nigeria has signed the host agreement for the fifth Intra-African Trade Fair 2027 (IATF2027), taking over the baton from Algeria
Parliament Pushes for Faster Reform of State-Owned Enterprises, Limits Budget to KSh 2.88Trillion
KPC Lists 6th on NSE With Only 2.6% in Retail Hands
Kenya Pipeline Company lists on the Nairobi Securities Exchange as the sixth most valuable stock on the exchange at KSh163.6Bn, the only infrastructure company in a top ten dominated by banks. Despite a 65% headline free float, institutions and sovereign funds control 97% of the shares sold, leaving just 2.6% of the company in retail hands. Uganda, Rwanda and Kenya's NSSF anchored the offer as 70,000 retail investors, against a government target of two million, will effectively set the opening price for a KSh163.6Bn company.