Tag: Kenya

Kenyan tycoon Ngugi Kiuna.
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Heineken seeks to block $1.8 million interest award in decade-long battle with Kenyan tycoon Ngugi Kiuna

Heineken appeals a $1.8 million interest ruling in its long-running Kenya dispute with tycoon Ngugi Kiuna’s Maxam Ltd.

Omokolade Ajayi Omokolade Ajayi
Kenya's President William Ruto.
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Kenya overtakes Nigeria as AfDB’s third-largest borrower amid debt push

Kenya overtakes Nigeria as AfDB’s third-largest borrower as disbursements rise to $338 million in 2025 amid growing debt pressures.

Omokolade Ajayi Omokolade Ajayi
I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
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I&M Group reports $38.9 million Q1 2026 profit; assets rise to $5.73 billion

I&M Group reports $38.9 million Q1 2026 profit, with total assets rising to $5.73 billion on stronger lending and income growth across East Africa.

Omokolade Ajayi Omokolade Ajayi
Kenya Airways’ financial strain deepens after $65 million interest default.
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Kenya Airways’ financial strain deepens after $65 million interest default, $132 million loss

Kenya Airways defaults on $65.6 million interest payment as losses widen, liabilities rise, and operational pressures deepen despite government support.

Omokolade Ajayi Omokolade Ajayi
Equity Group headquarters in Nairobi, Kenya.
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Equity Group’s Q1 2026 profit jumps 24 percent to $150 million on regional growth

Equity Group Q1 2026 profit rises 24 percent to $150 million on strong regional banking and digital income growth across East Africa.

Omokolade Ajayi Omokolade Ajayi
Allan Kilavuka, immediate former Group Managing Director and CEO of Kenya Airways, in an official executive portrait.
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Allan Kilavuka exits Kenya Airways with $1 million pay as airline posts $132 million loss in 2025

Kenyan business executive Allan Kilavuka exits Kenya Airways with $1.01 million pay as airline posts $132 million loss in 2025.

Omokolade Ajayi Omokolade Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB reports strongest quarterly profit at $24.6 million in Q1 2026

DTB Group profit rises to $24.6 million in Q1 2026 as lending income grows despite higher loan-loss provisions and credit pressures.

Omokolade Ajayi Omokolade Ajayi
Naivas supermarket exterior featuring storefront branding, customer entrance, and modern retail expansion in Kenya.
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Naivas expands retail network to 114 stores nationwide in Kenya as expansion continues

Naivas grows to 114 stores across Kenya, expanding its retail network amid rising demand for organized supermarkets and steady sales growth.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Kenya moves to secure IMF support as Iran tensions raise energy costs

Kenya moves to secure International Monetary Fund support as rising energy prices and geopolitical tensions pressure the economy and fiscal stability.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Africa’s richest man, Aliko Dangote, weighs Kenya for $15 billion refinery

Nigerian billionaire Aliko Dangote weighs a $15 billion refinery in Kenya, with Mombasa emerging as a leading site choice.

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

Access Bank’s acquisition of National Bank of Kenya comes into focus as new Nigerian central bank rules reshape foreign banking exposure.

Omokolade Ajayi Omokolade Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

Diamond Trust Bank sells 83.67% Burundi stake for $9.8 million, exiting the market after 16 years and reshaping its regional strategy.

Omokolade Ajayi Omokolade Ajayi