Tag: Kenya

Kenya Airways airline operations during 2025 financial results period.
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After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

Kenya Airways’ recovery faces pressure after a $132.3 million loss, rising debt and stricter global rules limiting state support.

Omokolade Ajayi Omokolade Ajayi
Zenith Bank regulatory penalties Nigeria
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Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.

Omokolade Ajayi Omokolade Ajayi
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Kenya fuel executives resign as state probes fuel scarcity, supply chain issues

Three Kenyan fuel executives resign as authorities investigate supply manipulation, shortages, and emergency imports.

Omokolade Ajayi Omokolade Ajayi
Kenyan businessman Suresh Bhagwanji Shah, non-executive director of I&M Group.
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Kenyan businessman Suresh Bhagwanji Shah set for Ksh394 million payout from I&M Group profits

Kenyan businessman Suresh Shah to receive Ksh394 million dividend as I&M Group posts Ksh18.78 billion ($145 million) profit for 2025.

Omokolade Ajayi Omokolade Ajayi
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Kenya’s Makueni County gets new I&M Bank branch as group assets hit $5.3 billion

I&M Bank opens first Makueni branch as group assets rise to $5.3 billion, boosting access for local businesses and residents.

Omokolade Ajayi Omokolade Ajayi
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Nigeria’s Moniepoint expands into Kenya, targets SME banking growth

Moniepoint acquires 78% of Sumac Microfinance Bank, expanding SME banking and operations in Kenya under Tosin Eniolorunda.

Omokolade Ajayi Omokolade Ajayi
John Kibunga Kimani, Kenyan businessman and Kakuzi shareholder, poised to receive Ksh105.1 million dividend.
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Kenyan businessman John Kimani to receive Ksh105.1 million dividend from Kakuzi

Kenyan businessman John Kibunga Kimani to receive Ksh105.1 million dividend from Kakuzi as profits rebound in 2025.

Omokolade Ajayi Omokolade Ajayi
I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
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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
Workers sorting avocados at Kakuzi Plc processing facility in Kenya
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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…

Omokolade Ajayi Omokolade Ajayi
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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
Kenya Airways airline operations during 2025 financial results period.
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Kenya Airways posts $132 million 2025 loss as aircraft shortages hit Africa routes

Kenya Airways posts $132 million 2025 loss as aircraft shortages cut capacity, revenue and key Africa routes.

Omokolade Ajayi Omokolade Ajayi
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Fuel scarcity hits Kenya as Iran war disrupts shipments

Fuel scarcity hits Kenya as the Iran war disrupts Gulf oil supplies, affecting independent retailers and East African markets.

Omokolade Ajayi Omokolade Ajayi