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Wall Street Africa Group Launches Season I of "Wall Street Mtaani"
Africa is Building on Its Trade Momentum But Structural Frictions Remain, Standard Bank's Trade Barometer Shows
The disconnect between macroeconomic performance and the day-to-day realities facing businesses is still a defining feature of the landscape, the latest Standard Bank Africa Trade Barometer (ATB) shows.
Nigeria Adopts National Policy on Cosmetics Safety
The policy, developed with support from the World Health Organization (WHO), establishes a clear system to regulate how cosmetic products are manufactured, imported, sold, used and disposed of.
Parliament Clears Safaricom Stake Sale With Six Conditions
National Assembly approved the sale of a 15% government stake in Safaricom PLC to Vodacom Group on 10 March 2026, clearing the country's largest post-independence divestiture. The KSh 204.3 billion transaction gives Vodacom majority control at 55%. Parliament attached six binding conditions, including no staff redundancies, a 10-year dealer protection period, and ring-fencing of all proceeds into the newly signed National Infrastructure Fund. Four regulatory approvals remain outstanding, including a final determination from the Central Bank of Kenya, which has not yet cleared the change of control over M-Pesa.
KCB Posts Record KSh 68.35Bn 2025 Profit as Dividend Hits KSh 7 Per Share
KCB Group posted record profit after tax of 68.35 Bn in FY2025, up 10.6% from 61.77 Bn, driven by an 18.9% collapse in interest expense that lifted net interest income 7.8% to 148.02 Bn. The bank declared a full-year dividend of KSh 7.00 per share, up 133.3% and the largest total payout of 22.50 Bn in its history. Net loans crossed 1 trillion for the first time. The gross NPL ratio improved to 16.9% from 19.2%. KCB guides for loan growth of 10% to 11% and NIMs of 7.2% to 7.8% in FY2026.