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Spiro Secures US$50mn to Expand Battery-Swapping Network

Kenya Business newsMarketsInsurance

CIC Insurance Issues Profit Warning as Claims Pressure Builds

CIC Insurance Group has issued a profit warning, saying FY 2025 profit after tax will fall by at least 25% from 2024 as elevated claims and weaker underwriting weigh on earnings. The warning comes a week after the insurer sold land worth about KSh 1.8 Bn to improve liquidity and reflects the absence of a one-off KSh 1.0 Bn land revaluation gain booked last year, which had lifted reported profits.

Kenya Business newsAfrican Wall StreetEast-AfricanTrade

Rising Highway Theft Prompts Calls for Higher Freight Rates

African Wall StreetPublic PolicyTradeOpinion and Commentary

What US Supreme Court-Trump Tariff Feud Means for Kenya

Kenya Business newsBankingPublic Policy

Kenya's Competition Watchdog Fines GT Bank KSh 33.18mn in Credit Renewal Dispute with Manufacturer

Kenya’s competition watchdog has ordered Guaranty Trust Bank Kenya Ltd, a commercial lender headquartered in Nigeria, to pay a fine of KSh33.18 million

Kenya Business newsPublic PolicyTechnology

Kenyan Authorities Fall Short in Online Takedown Push

BankingEthiopiaMacroeconomicsMarkets

Ethiopia's Banks Pull Back at Foreign Exchange Auction as Exposure Limits Bind

After weeks of heavy oversubscription, demand eased at Ethiopia’s latest USD 500 million FX auction, leaving about USD 45 million unallocated. Banks took up roughly USD 455 million, as exposure limits and rising pricing risk began to cap bids despite persistent dollar shortages.

Kenya Business newsBankingDealsAfrican Wall Street

Nedbank Moves Closer to NCBA Acquisition after CMA Nod

Nedbank’s proposed acquisition of NCBA has advanced after Kenya’s Capital Markets Authority granted an exemption from the mandatory takeover rule, allowing a partial pro-rata offer capped at about 66 percent. Shareholder backing has strengthened, with irrevocable undertakings rising to 77.54 percent of NCBA shares, reducing execution risk as the deal awaits remaining regulatory approvals.

Kenya Business newsSportsEntertainmentInvestment

Kenya’s Unpaid KSh 3.5bn AFCON Fee Sparks Budget Concerns for 2027

African Wall StreetCompetitionTechnologyArtificial Intelligence

WhatsApp Business Under COMESA Probe Over Monopoly Concerns

African Wall StreetPress ReleasesFintech

Global Fintech Grey Launches ‘Grey Business’ to Simplify Payments for African Startups and SMEs

Global fintech company Grey has officially launched Grey Business, a multi-currency payments platform designed to help startups and SMEs across Africa and other emerging markets manage international transactions

Kenya Business newsMarketsMacroeconomicsInvestment

Kenya Added KSh 1.37 Trillion Debt in 2025, Domestic Lenders Carry the Load

Kenya’s public debt increased by KSh 1.37 trillion in 2025 to KSh 12.30 trillion, lifting the debt ratio to 67.5 percent of GDP. Domestic borrowing accounted for about 70 percent of the rise, with banks, insurers, and pension funds absorbing most new issuance. External debt grew more moderately, led by multilateral lenders, while bilateral exposure fell, including sharp reductions from China. Debt servicing pressures intensified, with nearly half of FY 2025/26 interest costs already incurred by December.