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AfDB Outlook Report Projects Africa's GDP Will Grow by 4.5% GDP in 2027
Africa's real GDP growth is projected to stabilise at 4.3 percent in 2026 and grow further to 4.5 percent in 2027, the 2026 Africa Macroeconomic Performance and Outlook (MEO) report
Islamic Development Bank (IsDB) Institute Launches ‘Essentials of Islamic Finance’ Book
The Islamic Development Bank Institute (IsDBI) has launched ‘Essentials of Islamic Finance’, a new book offering an in-depth analysis of the foundational principles of Islamic finance
Kenya's Listed Firms Post Highest Governance Score in 8yrs, Mandatory ESG Disclosures Loom for 2027
Kenya's 53 listed issuers scored 78.88% on the Capital Markets Authority's FY2024/2025 corporate governance scorecard, the highest in eight years of assessments and only the second time the Leadership Rating threshold has been crossed. Leadership-rated companies rose from 27 to 38 while Needs Improvement issuers fell from 4 to 2, down from 17 in FY2017/2018. All seven CG Code principles reached Leadership Rating simultaneously for the first time. Agriculture remains the only Fair-rated sector at 62.80%. Mandatory IFRS S1 and S2 sustainability disclosure standards are targeted for adoption from January 2027.
Flutterwave Acquires a Microfinance Banking License in Nigeria
This license enables the company to hold funds and deposits directly, instead of partnering with other commercial banks to access national clearing and settlement systems.
Kenya's Listed Companies Have Been Shortchanging Shareholders, CMA Report Reveals
Kenya's Capital Markets Authority FY2024/2025 governance report has found that listed companies are delegating to their boards the approval of policies expressly reserved for shareholders under Clause 8.21 of the POLD Regulations 2023, conducting AGMs too short for shareholders to question management, and have for years operated boards filled with directors misclassified as independent. Sixteen of 53 assessed companies have not reached Leadership Rating on the Rights of Shareholders principle. The Agricultural sector scored 62.22% on shareholder rights, the weakest sectoral performance. The Minority Shareholders Association of Kenya has been formally registered in response to these accumulated failures.
Kenyan Surgeons Implant Pacemaker Without Surgical Blade in Regional First
Kenyan doctors have successfully conducted the first headless pacemaker procedure in Sub-Saharan Africa, expanding treatment options for patients with heart rhythm disorders
NSE, Standard Group Appoint Catherine Kawira as Company Secretary
The Nairobi Securities Exchange and Standard Group PLC have appointed Catherine Kawira Bariu as Company Secretary at both institutions effective 1 April 2026, replacing Millicent Ngetich who held the role concurrently at both entities. Ngetich, a certified secretary and advocate with over 17 years of experience, served at Standard Group since 2015 and added the NSE role in January 2025. Kawira, formerly of Image Registrars, brings over a decade of experience in corporate governance, regulatory compliance, and legal advisory, including prior stints at the Judiciary and the Capital Markets Authority.
Kenya Raises KSh 50.19 Bn in Oversubscribed April Bond Reopening
The Central Bank of Kenya raised KSh 50.19Bn in its April bond reopening, exceeding the KSh 40Bn target by 25%. Combined bids reached KSh 74.89Bn (187% performance rate). The 15-year FXD1/2020/015 cleared at 12.19% yield (price 104.72), while the 25-year FXD1/2018/025 cleared at 12.99% (price 106.89), both below their coupon rates. CBK was selective on the 25-year, accepting 41% of bids at a 2.44x bid-to-cover. Net borrowing through 14 reopenings since July 2025 now totals KSh 737.69Bn, or 83% of the revised FY2025/26 domestic target of KSh 885.9Bn.
The Standard Group Confirms Chaacha Mwita as CEO, Fifth Leader in Three Years
Standard Group PLC has confirmed Chaacha Mwita as substantive Chief Executive Officer effective 1 April 2026, ending a nine-month acting arrangement. Mwita, who was forced out of the company in 2014 after clashing with State House over editorial coverage, rejoined as Chief Executive Editor in April 2025 before being elevated to Acting CEO in July 2025. He is the company's fifth CEO in under three years. The appointment comes as Standard Group fights to save six broadcasting licences after a tribunal cleared the Communications Authority to revoke them over Ksh48.87 million in unpaid regulatory fees.
Saudi Arabia Wanted Exclusive Rights to Kenya's Cooking Gas Market, CS Wandayi Says
Kenya has walked away from a proposed liquefied petroleum gas (LPG) agreement with Saudi Aramco after rejecting conditions that would have granted the supplier exclusive rights.
Qwetu, Qejani operator posts KSh 1.52B Profit as Refinancing Offsets Rental Revenue Slide
Qwetu and Qejani operator Acorn Investment Management posted a combined net profit of 1.52 Bn across its two REITs in 2025, up 9.4%, as a 590 basis point cut in borrowing costs at the income REIT drove a 38% increase in distributions to 0.84 per unit despite a 3.0% decline in rental income. The Development REIT's profit held at 854.22 Mn as rental income more than doubled to 420.14 Mn, though finance costs surged 158.3% to 900.61 Mn to fund an active construction pipeline now extending to Eldoret and Kakamega for the first time.