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I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
East Africa

Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

Omokolade Ajayi Omokolade Ajayi
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Chakib Alj Forafric acquisition Morocco
Chakib Alj Forafric acquisition Morocco

Moroccan industrialist Chakib Alj’s $179 million Forafric deal to reshape North Africa’s agro‑industrial sector

Chakib Alj targets a $179 million Forafric stake, aiming to reshape Morocco’s milling sector and strengthen food security.

Feyisayo Ajayi Feyisayo Ajayi
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Sunil Bharti Mittal, Founder and chair of Bharti Enterprises and Bharti Airtel
Africa Airtel

Indian billionaire Sunil Bharti Mittal to step down in Airtel Africa leadership transition 

Sunil Bharti Mittal will retire as Airtel Africa chair in July 2026, with Gopal Vittal set to succeed him amid continued growth focus.

Timilehin Adejumobi Timilehin Adejumobi
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Workers sorting avocados at Kakuzi Plc processing facility in Kenya
Avocados

Kenya’s Kakuzi returns to profit, doubles dividend on $26.6 million avocado sales

Kakuzi Plc, the Nairobi-based agricultural firm partly owned by Kenyan businessman John Kibunga Kimani, returned to profit in 2025 after a loss a year earlier, supported by stronger avocado sales, lower costs, and stable income from forestry, livestock, and blueberries. The recovery led the company to double its dividend, signaling renewed operational confidence. Dividend doubles after profit recovery The leading agricultural company, headquartered in Nairobi and operating in Makuyu and Nandi Hills in Kenya, reported a net profit of Ksh387.6…

Omokolade Ajayi Omokolade Ajayi
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Choppies profit decline
Botswana retail market

Botswana’s Choppies sees half-year profit fall to $5.6 million as retail pressures mount

Choppies profit falls 33% to $5.6 million as rising costs pressure margins despite steady revenue growth and expansion.

Feyisayo Ajayi Feyisayo Ajayi
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Featured

Uganda Airlines secures $113 million for fleet expansion as Kenya Airways seeks $2 billion rescue

Uganda Airlines secures $113 million to expand its fleet as Kenya Airways seeks $2 billion from investors to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
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Digital payments in Chad

IFC partners Cashi to expand digital payments in Chad’s low-connectivity markets

IFC partners Cashi to expand digital payments in Chad, targeting low-connectivity markets and boosting financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi
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Luanda, Angola
Angola Eurobond

Angola taps global markets with $2.5 billion Eurobond, demand surges

Angola returns to markets with $2.5B Eurobond, attracting strong demand despite high rates.

Timilehin Adejumobi Timilehin Adejumobi
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Ethiopian Airlines
airline partnerships

Marriott Bonvoy, Ethiopian Airlines expand travel perks for members    

Marriott Bonvoy and Ethiopian Airlines have launched a loyalty partnership that lets members earn and transfer points across hotel stays and flights.

Timilehin Adejumobi Timilehin Adejumobi
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