Tag: Kenya

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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
BusinessHot News

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’ financial strain deepens after $65 million interest default.
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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
Kenyan banker James Mwangi
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Kenyan banker James Mwangi to earn $5.7 million dividend from Equity Group

Kenyan banker James Mwangi will receive a $5.7 million dividend as Equity Group reports rising profits and regional growth.

Omokolade Ajayi Omokolade Ajayi
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Kenya Airways’ bookings climb, providing temporary relief from $2.4 billion liabilities

Kenya Airways sees seat occupancy near full capacity, offering temporary relief from $2.4 billion in liabilities.

Omokolade Ajayi Omokolade Ajayi
Equity Group headquarters in Nairobi, Kenya.
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Equity Group emerges Kenya’s most valuable brand in global ranking

Equity Group tops Kenya’s most valuable brands as profit rises 54.6 percent and regional growth drives earnings diversification.

Omokolade Ajayi Omokolade Ajayi
Equity Group headquarters in Nairobi, Kenya.
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Kenya’s Equity Group enters pharmacy business to reduce treatment costs

Equity Group enters pharmacy business through Equity Afia, aiming to cut treatment costs and expand healthcare services across East and Central Africa.

Omokolade Ajayi Omokolade Ajayi
Kenya launches Africa’s first EU digital talks on AI, data and investment
TechnologyBusiness

Kenya leads Africa with first formal digital talks with EU

Kenya has moved to deepen its digital ties with the European Union, becoming the first African country to establish a formal platform for talks on technology policy and innovation. The step signals Nairobi’s intent to play a larger role in the global digital economy.  The EU–Kenya Digital Dialogue, launched this week in Nairobi, brings structure to cooperation on data rules,…

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