Bank of Kigali (BK) Group Launches US$ 40M Private Equity Fund
Rwanda's largest financial institution BK Group Plc has established a US$30-40million private equity vehicle targeting strategic investments in high-growth small and medium-sized enterprises (SMEs) across Rwanda and the East African [...]
Car General Returns to Profit with KSh 526Mn as Regional Markets Drive Growth
Car General (Kenya) Plc has recorded a profit after tax of KSh 526 million for the financial year ended 31 December 2024, marking a solid rebound from the KSh [...]Crown Paints Bounces Back with KSh 544 Million Profit, Declares KSh 3.00 Dividend
Listed paint manufacturer Crown Paints has announced a strong financial recovery for the year ended 31st December 2024, posting a KSh 544 million net profit, up from a KSh 29 [...]TotalEnergies Kenya Profit Slumps 51% as Margins Shrink, Finance Costs Rise
Listed oil marketing company TotalEnergies Marketing Kenya Plc has reported a 51% decline in net profit to KSh 1.49 billion for the year ended 31 December 2024, down from KSh [...]NCBA IG Insurance Posts 477% Profit Growth in 2024
NCBA IG Insurance, formerly AIG Kenya, has posted a net profit of KSh 186.7 million, up from KSh 32.4 million a year earlier, for the year ended 31 December 2024. [...]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. [...]
