Uganda vs Umeme: The Final Bill of a 20-Year Power Concession
After its 20-year concession expired late last month, Uganda is now at a legal juncture with Umeme Limited, its biggest electricity distributor for two decades, over a contentious $234 million [...]
Nation Media Group Posts Second Straight Loss in 2024 as Turnover Falls
Listed media conglomerate Nation Media Group Plc (NMG) has reported a net loss of KSh 254.4 million for the year ended December 31 2024, which is an extension of the [...]Kenya’s Stock Exchange Targets Middle East Investors Amid Gulf-Africa Investment Boom
The Nairobi Securities Exchange (NSE) is set to host its first-ever investor roadshow in the United Arab Emirates (UAE) this July, aiming to attract fresh capital into Kenya’s stock market. [...]
Jubilee Health Insurance Doubles Profit in 2024
Jubilee Health Insurance (JHIL), a subsidiary of listed financial services company Jubilee Holdings, doubled its net profit to KSh 910 million in 2024, up from KSh 438 million in 2023. [...]Sameer Africa Posts KSh 260m Profit in 2024
Listed tyre manufacturer Sameer Africa has swung to a KSh 259.9 million profit after tax in 2024, up from KSh 46.3 million the year before. The jump was largely tied [...]Court Rules Capital Markets Regulator Erred in Bank CFO Probe
The High Court has overturned a disciplinary decision by the Capital Markets Authority (CMA) against a former bank executive, ruling that the regulator violated due process by denying him access [...]
Donald Trump's Trade War Sends African Equities Tumbling
African stock markets slumped this week as renewed global trade tensions, triggered by U.S. President Donald Trump’s sweeping new tariffs, roiled global financial markets. From Johannesburg to Casablanca, investors fled [...]Trump Pauses Tariffs at 10% for 90 Days, Escalates Spat with China
US President Donald Trump announced a 90-day suspension of his seismic tariffs on Wednesday, offering temporary relief to trading partners while escalating pressure on China with a steep tariff hike. [...]Kenya’s Pension Assets Quadruple in 12 Years, Hit KSh 2.25 Trillion in 2024
Kenya's pension assets under management (AUM) reached KSh 2.25 trillion in 2024, capping off a decade-long expansion of the retirement benefits sector, data from the Retirement Benefits Authority (RBA) shows. [...]CBK Cuts Base Rate to 10%, Bad Loans Highest in 2 Decades
The Central Bank of Kenya (CBK) has lowered its base lending rate to 10.00% — the lowest since May 2023, when it stood at 9.50%. Inflation rose slightly to 3.6% [...]Tight Supply Pushes Cooking Oil Prices Up, Poultry Meat Stable- FAO
The tightening supply of palm oils from producing regions and the strengthening of the Euro against the USD led to a surge in the prices of cooking oil and meat in [...]Kenya's Listed Insurers in 2024: Profits, Payouts Untapped Potential
The Kenyan insurance sector demonstrated resilience and growth in 2024, with listed companies showing varied performance across different metrics. This comprehensive analysis compares the financial results of all NSE-listed insurance [...]
