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Madagascar Appoints New Prime Minister After Cabinet Dismissal
Madagascar has appointed Mamitiana Rajaonarison as prime minister following the dissolution of the previous government, as President Michael Randrianirina reshapes the cabinet during the country’s ongoing political transition.
Rubis Kenya Revenue Hits KSh 131.7Bn as Group Profit Rises 19%
Rubis reported stronger underlying earnings in 2025 as improved margins in Africa and lower financing costs offset currency volatility. The French energy distributor generated €870M (KSh 131.7Bn) in revenue from Kenya, down 9.8% from €964M (KSh 129.9Bn) in 2024, though margins improved after a fuel pricing adjustment. Kenya remained Rubis’ largest African market as the group posted €741M (KSh 112.2Bn) in EBITDA and €309M (KSh 46.8Bn) in net income.
MTN Fintech Platform Drives Surge in Digital Payments as Transactions Top US$ 500 Billion
MTN Group has reported a sharp expansion in its financial technology platform in 2025, with digital payments surging as more customers adopted advanced mobile money and fintech services
One-off Tax Settlement Clouds MTN Uganda's Strongest Operating Year Since Listing
MTN Uganda reported full-year 2025 service revenue of USh 3.6 trillion, up 13.4%, driven by a 28.8% surge in data revenue to USh 1.0 trillion and 17.3% fintech growth to USh 1.1 trillion. EBITDA rose 17.0% to USh 1.9 trillion, expanding the margin to 53.8%. Reported profit after tax grew 5.8% to USh 679 billion after absorbing a one-off USh 110.9 billion transfer pricing settlement with the Uganda Revenue Authority. Adjusted net profit rose 23.1% to USh 790 billion. The board declared a total dividend of USh 28.75 per share, up 27.2%.
Rwanda Authorities Probe Equity Bank Fraud Scheme
Equity Bank Rwanda is at the center of an ongoing investigation into a fraud incident that has prompted the detention of 35 individuals, including six in Uganda.
Leadership Crisis Deepens at The Nairobi Hospital Amid Arrests, Court Battles
Leadership tensions at Nairobi Hospital have escalated after the arrest of several senior board officials, triggering concern among doctors and drawing political attention, as court battles and governance disputes continue to cloud the management of one of Kenya’s leading private healthcare institutions.
President Ruto Signs Law Overhauling Kenya’s Coffee Sector
President William Ruto has signed into law reforms reshaping Kenya’s coffee industry, establishing a new Coffee Board of Kenya and shifting regulation away from the Agriculture and Food Authority (AFA)
Kenya Raises KSh 61Bn in March Bond Reopening
CBK raised KSh 60.99Bn in its March reopening of the 2039 and 2046 Treasury bonds after receiving KSh 117.43Bn in bids, nearly twice the amount offered. Demand was strongest for the longer 2046 bond, which recorded a 4.15× bid-to-cover ratio, while the 2039 bond saw modest coverage. The auction comes as FY2025/26 bond reopenings reach KSh 807Bn accepted, highlighting continued investor appetite for long-dated government debt.
Access Bank CEO Calls for Stakeholder Collaboration to Boost Intra-African Trade
Access Bank PLC's MD and CEO Roosevelt Ogbonna and other participants at ATC 2026, has called for stronger collaboration among policymakers, financiers and businesses to accelerate trade within Africa and unlock the continent’s economic potential.
MPs Question NEMA as Floods Expose Drainage Failures
Lawmakers have questioned Kenya’s environmental regulator over its role in preventing flooding after heavy rains killed dozens and flooded neighborhoods across the city over the past two weeks
Kenya Topped East African Private Capital Activity in 2025 - Stears Report
Kenya emerged as one of Africa’s most active private capital markets in 2025, ranking third on the continent, according to the 2025 Private Capital in Africa Activity Report by Stears Information Ltd.