Ethiopia Licenses Awash Bank's Investment Banking Arm Amid Market Expansion
The Ethiopian Capital Market Authority has granted a Capital Market Service Provider license to Awash Capital Investment Bank S.C., authorizing it to operate as an investment bank.
Sidian Bank's Q3 Profit Soars 470% to KSh 1.47 Billion on Revenue Boom
Sidian Bank’s nine-month profit after tax rose to 1.47 billion after operating income increased 92.8 percent to 5.63 billion. Non-interest income expanded and the bank raised its investment in government securities to 40.06 billion while the loan book remained flat at 25.10 billion. Deposits grew to 77.96 billion and assets reached 95.06 billion. Costs and provisions increased and gross NPLs rose to 8.42 billion.
Cytonn’s Appeals Dismissed as Courts Confirm Over KSh 11 Billion Investor Exposure
Cytonn has lost all 18 appeals, confirming the liquidation of CHYS and CPN and tracing over KSh 11 billion from more than 3,000 investors into its SPVs. Courts upheld preservation and vesting orders over key projects including RiverRun, Kilimani, Alma, CySuites, Taraji, Ridge and Superior Homes. The Official Receiver now has full control to recover investor funds.NSE Week 47: Uchumi Up 54%, Safaricom Drives Over a Third of Turnover
Rwanda's BK Group's Net Income Up 19.8% on Lower Impairments Costs
BK Group reported 9M 2025 net income of RWF 83.5Bn, up 19.8%, driven by lower impairment costs and strong loan growth. Net interest income rose 13.5% as assets increased 7.6% and loans expanded 17.2%. Non-funded income weakened, but cost discipline improved the cost-to-income ratio to 37.0%. Asset quality strengthened with the NPL ratio at 3.0% and cost of risk at 1.0%. The Board declared an interim dividend of RWF 11.2 per share.364-Day Yield Extends Three-Week Rise as Redemptions Drive Heavy Oversubscription
The 364-day T-bill yield has climbed for a third week as heavy redemptions drive strong demand and four straight oversubscribed auctions.Friday NSE Market Update: Uchumi Up 100% in 4 Weeks, Foreign Sells Dominate
Uchumi hits KSh 0.74, its highest since 2019, gaining 54% this week and 335% YTD. Turnover stands at KSh 864M led by Safaricom and BAT. Foreign buys hit KSh 68M and sells KSh 431M. Top gainers include ScanGroup and TotalEnergies, while Crown Paints leads the losers. NASI is down 0.45% at midday.Uchumi Extends Rally, BK Group at new NSE Highs. Bank Q3 Earnings Continue to Shape Trade
Uchumi climbs to KSh 0.68 and Bank of Kigali hits its highest level since 2019 in Thursday trade. Turnover stands at KSh 498.8M with Safaricom leading. Foreign buys hit KSh 182.27M and sells KSh 176.5M. NASI is up 0.18%. Major banks release Q3 results led by KCB, NCBA, I&M, DTB and Stanbic, while Safaricom secures approval for a KSh 40B MTN.Kakuzi Warns of Investor Risks after Regulator Orders 3,200-Acre Land Surrender
Kakuzi has warned investors of material risk after the National Land Commission ordered the surrender of 3,200 acres to settle historical land injustice claims. The ruling also directs fresh titling, relocation of schools and public utilities and the regularisation of settlement schemes inside its farms. Kakuzi says the measures threaten operations and earnings. The company plans to pursue legal options as government agencies move to enforce the directives.DTB Posts KSh 8.36Bn Q3 Profit as Interest Income Jumps 17.9%
Diamond Trust Bank’s Q3 2025 profit rose 12.3% to KSh 8.36Bn, driven by strong lending growth and a 17.9% rise in net interest income.Stanbic's Q3 Profit Dips 7.5% to 9.38Bn on Lower Non-Funded Revenue
Stanbic Bank Kenya reported a softer Q3. Profit after tax fell 7.47 percent to 9.384Bn as non-funded income dropped 24.54 percent to 7.820Bn. Operating income declined 3.48 percent to 28.327Bn. Interest income improved with net interest income up 8.02 percent to 20.507Bn. The loan book grew 15.72 percent to 253.144Bn and deposits rose 4.88 percent to 343.854Bn. Asset quality improved with NPLs down 8.25 percent.AfDB Rallies Stock Exchanges to Reinvent Africa's Financial Future
The African Development Bank Group (AfDB) has urged capital market players to help bridge the financing gap for the continent's development needs
