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Kenya’s CIC Group profit falls to $4 million in 2025 amid margin pressure

CIC Group profit plunges 82% to $4 million in 2025 as rising costs squeeze insurance margins across East Africa.

Feyisayo Ajayi April 1, 2026

Business Hot News

IFC launches nearly half a million dollar project to strengthen Malawi SME credit

IFC launches $425,000 Malawi project to boost SME credit, strengthen asset-based lending and expand access for underserved entrepreneurs.

Feyisayo Ajayi March 31, 2026

Egypt dims Cairo nightlife as rising fuel costs force early closures

Business Global News

Egypt curbs Cairo nightlife to ease rising energy costs

Egypt is tightening energy use in Cairo, dimming its nightlife as rising fuel costs and regional tensions strain public finances and the power grid. Authorities have ordered earlier business closures and reduced street lighting, a notable shift for a city known for its late-night pace. The move reflects growing pressure on Africa’s third-largest economy as higher global energy prices push…

Oluwatosin Alao March 31, 2026

Kenya late former Prime Minister Raila Odinga

Business Hot News

Kenya’s Raila family firm, Kango Enterprise bids for $5 million Telposta assets

Kango Enterprise’s bid for Telposta assets underscores robust competition and a broader trend of pension funds restructuring property holdings

Timilehin Adejumobi March 31, 2026

Business Global News Hot News

World Bank, AfDB, Rockefeller launch Mission 300 council to drive Africa’s $300m electrification push

World Bank, AfDB and Rockefeller launch Mission 300 council to mobilize private capital and expand electricity access to 300 million Africans by 2030.

Feyisayo Ajayi March 31, 2026

Tag: Mobile Operators

Top 10 mobile operators in Africa

Kenya’s CIC Group profit falls to $4 million in 2025 amid margin pressure

IFC launches nearly half a million dollar project to strengthen Malawi SME credit

Egypt curbs Cairo nightlife to ease rising energy costs

Kenya’s Raila family firm, Kango Enterprise bids for $5 million Telposta assets

World Bank, AfDB, Rockefeller launch Mission 300 council to drive Africa’s $300m electrification push

Kenya’s CIC Group profit falls to $4 million in 2025 amid margin pressure

IFC launches nearly half a million dollar project to strengthen Malawi SME credit

Egypt curbs Cairo nightlife to ease rising energy costs

Kenya’s CIC Group profit falls to $4 million in 2025 amid margin pressure

IFC launches nearly half a million dollar project to strengthen Malawi SME credit

Egypt curbs Cairo nightlife to ease rising energy costs

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