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AfrexInsure Appoints Lesley Ndlovu as New CEO
CBK Raises KSh 18Bn in Bond Switch into 2034 Paper
The Central Bank accepted KSh 18.40Bn in a Treasury bond switch auction after receiving KSh 22.21Bn in bids against a KSh 15Bn offer. Investors exchanged holdings in the FXD1/2021/005 bond, which matures in November 2026, into the longer-dated FXD3/2019/015 bond due July 2034. The operation extends Kenya’s domestic debt maturity profile and eases refinancing pressure ahead of the 2026 redemption cycle.
Airtel Uganda Profit Surges 41%, Data Revenue Surpass Voice
Airtel Uganda reported a 41.1% increase in profit after tax to Ushs 446.9 Bn for the year ended 31 December 2025. Revenue grew 13.3% to Ushs 2,249.7 Bn as data revenue crossed Ushs 1.1 Tn, overtaking voice for the first time to contribute 49.3% of service revenues. EBITDA margins expanded 490 bps to 54.9%, reversing a two-year compression, driven by near-flat 2.0% operating cost growth. The board declared total dividends of Ushs 11.15 per share, up 41.6%, equivalent to 99.8% of earnings. Shares trade around Ushs 80, below the Ushs 100 IPO price, ahead of a November 2026 secondary offer deadline.
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.