Express Kenya Woes Deepen amid Streak of Losses, Revenue Decline
Listed logistics company Express Kenya Plc has reported another year of financial distress, with its net losses deepening to KSh 107.9 million in 2024 from KSh 103.4 million in 2023. [...]
Why African Venture Capital and Private Equity Have Been Generating Poor Returns
Over the past decade, African venture capital (VC) and private equity (PE) have significantly underperformed compared to other emerging markets such as China and India. Between 2014 and 2024, African [...]NCBA Tanzania's Profits Fall 22.5%, Assets and Loans Grow in Q1
NCBA Bank Tanzania has posted a net profit of TZS 2.6 billion for the quarter ended 31 March 2025, a 22.5% decline from TZS 3.35 billion reported in the same [...]
Microlender Real People Kenya Slashes Losses by 80%, Completes Management Buyout
Real People Kenya has posted a sharp improvement in its financial results for the year ended December 31, 2024, reducing its net loss by 80% to KSh 19 million from [...]Ethio Telecom Raises Just 10% of Target in Historic IPO
Ethio Telecom's historic IPO has opened up the country's telecom sector to private ownership but falls short of fundraising targets. Why the Modest Uptake? While the IPO's immediate financial outcome [...]East African Cables Turns Operational Corner Amid Debt Challenges
East African Cables Plc has posted a 2% increase in revenue to KSh 2.57 billion for the financial year ended December 31, 2024, supported by product innovation, new market channels, [...]WPP Scangroup Posts KSh507mn Loss on FX Losses, Lower Revenue
Listed marketing and communication conglomerate WPP Scangroup Plc has reported a KSh507.6 million net loss for the financial year ended 31st December 2024, reversing a KSh133.3 million profit in 2023. [...]Kenya’s Central Bank Considers Adding Gold to Reserves Amid Record Rally
The Central Bank of Kenya (CBK) is actively exploring the possibility of adding gold to its foreign exchange reserves as part of a strategy to diversify away from traditional currencies, [...]
How to Start Investing on the Nairobi Securities Exchange
The Nairobi Securities Exchange (NSE) is the stock exchange in Kenya, providing a platform for investors to buy and sell shares of publicly listed companies. Investing in stocks offers a great opportunity to grow [...]
BOC Kenya Profit Rises to KSh211.6M Despite 21.7% Revenue Drop in 2024
Listed industrial and medical gases manufacturer BOC Kenya Plc has posted a profit after tax of KSh211.6 million for the year ended 31 December 2024, up from KSh198.1 million in [...]BK Group, Rwanda Social Security Board, Set to Merge Insurance Companies
BK Group Plc is set to merge its insurance subsidiary, BK General Insurance, with the Rwanda Social Security Board's (RSSB) subsidiaries Sonarwa General and Sonarwa Life to form a new [...]How Ready Are Ethiopia's Retail Investors for the Stock Market?
After decades of operating a closed financial system, Ethiopia is entering a new economic era with the establishment of the Ethiopian Securities Exchange (ESX). The idea of a functioning capital [...]
