Tag: Kenya

Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

East Africa’s largest lender, Equity Group, sees first-half profit top $350 million

Equity Group’s first-half profit rose 32 percent to KSh45.5 billion ($352 million), driven by stronger lending and regional growth.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker John Gachora
Hot NewsBusiness

NCBA Bank takes control of Multiple Hauliers in $55.7 million debt dispute

NCBA Bank takes control of Multiple Hauliers in a KSh7.2 billion ($55.7 million) debt dispute as PwC administrators oversee the company.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker John Gachora
Hot NewsBusiness

Kenyan banker John Gachora leads NCBA Group to $95.8 million half-year profit

NCBA Group led by John Gachora reports a $95.8 million half-year profit as digital loans soar, lifting interim dividend payouts by 50 percent.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

Aliko Dangote to use $5 billion IPO to expand Lagos refinery, build Kenya plant

Aliko Dangote targets $5 billion from the Dangote Refinery IPO to expand capacity in Lagos and build a new $17 billion refinery in Kenya.

Omokolade Ajayi Omokolade Ajayi
Nairobi Securities Exchange
BusinessHot News

NSE tops KSh4 trillion for first time as investor wealth jumps $8.2 billion

Nairobi Securities Exchange surpasses KSh4 trillion as investor wealth rises $8.27 billion on strong gains in banks and Safaricom.

Omokolade Ajayi Omokolade Ajayi
Tanzania plans gas pipelines to supply Uganda, Kenya with natural gas
BusinessGlobal News

Tanzania plans gas pipelines to supply Uganda, Kenya with natural gas

Tanzania plans a natural gas pipeline to Uganda and Kenya, strengthening East Africa's energy security and expanding regional gas trade.

Oluwatosin Alao Oluwatosin Alao
Kenyan banker Gideon Muriuki
Hot NewsBillionairesBusiness

Co-op Bank becomes Kenya’s fourth-most valuable company with $1.6 billion market cap under Gideon Muriuki

Co-op Bank overtakes EABL as Kenya's fourth-most valuable listed company after record profits, rising shares, and steady growth under Gideon Muriuki.

Omokolade Ajayi Omokolade Ajayi
Yas, the pan-African telecommunications brand created by AXIAN Telecom.
Hot NewsBillionairesBusiness

Yas raises up to $308 million EBRD loan to expand infrastructure in Kenya, Senegal

AXIAN Telecom’s Yas secures a $308 million EBRD loan to expand 4G, 5G, and fiber infrastructure across Kenya and Senegal.

Omokolade Ajayi Omokolade Ajayi
Luxury safari lodges in the Maasai Mara
Hot NewsTourism

Kenyan herders, activists sue to halt Maasai Mara resort boom

Activists and Maasai herders file a lawsuit to halt luxury resort expansion in Kenya, warning unregulated safari lodges threaten the Great Migration.

Omokolade Ajayi Omokolade Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
Hot NewsBusiness

Kenya eyes $8.3 billion agricultural plan to boost growth, slash food imports

Kenya launches a $8.3 billion agricultural plan, targeting private investors to fund a five-year overhaul to slash food imports and boost growth.

Omokolade Ajayi Omokolade Ajayi
Equity Bank Kenya HQ
Hot NewsBusiness

South African, Nigerian banks rush to Kenya but face fierce pushback from local giants

South African and Nigerian banks face a tough battle as they deploy major capital to break into Kenya’s $2 billion banking sector.

Omokolade Ajayi Omokolade Ajayi
Mama Ngina Kenyatta
Hot NewsBusiness

After $2 million farmer payout, Brookside Dairy, owned by Kenya’s Kenyatta family, woos hoteliers

Kenya's largest milk processor Brookside Dairy targets the hospitality sector following a $2 million payout to local farmers.

Omokolade Ajayi Omokolade Ajayi