Markets
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Nedbank Secures 79% Shareholder Support to Acquire NCBA Group
South Africa’s Nedbank has secured overwhelming shareholder support for its planned acquisition of a 66% stake in Kenya’s NCBA Group.…
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European Bank Forays into Senegal With €15 Million in Trade Finance Deal
The European Bank for Reconstruction and Development (EBRD) has made a foray into Senegal, after the board approved a trade…
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Central Bank of Nigeria Revokes 47 Licenses of Microfinance Banks
The Central Bank of Nigeria (CBN) went on a volley Wednesday when it revoked licenses belonging to microfinance banks in…
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Rock Investment Bank Acquires Majority Stake in Nabo Capital as Centum’s Holding Drops to 40%
Rock Investment Bank has acquired a majority stake in Nabo Capital Limited, meaning Nabo Capital will no longer sit within…
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Vodacom Acquires Majority Stake in Safaricom to Majority Shareholding
Vodacom Group has completed the acquisition of an additional 20% effective stake in Safaricom PLC, increasing its shareholding to approximately…
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Metropol Assigns Investment Grade Rating to Brisk Marketing Limited
Metropol Credit Rating Agency (MCRA) has assigned an investment grade rating to Brisk Marketing Limited, underscoring the company’s positive growth…
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tabb, Galana Energies Launch Kenya’s First Large-Scale Fuel Credit Line
tabb has unveiled Kenya’s first fuel credit line at scale through a strategic partnership with Galana Energies to address one…
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How Elections Could Affect Kenya’s Coastline Land Pricing
Kenya is steadily edging closer to the 2027 General Election, with investors already beginning to read the political mood as…
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Metropol Backs Open Banking in Push for Data-Driven Credit
Metropol is pushing for open banking in the credit market, a reform which, if accommodated, will strengthen the existing Credit…
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How Global Tensions Are Forcing Kenya to Rethink Its Oil Lifeline
For nearly two years, Kenya has relied on a government-to-government fuel deal with Gulf oil giants to keep its economy…
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