The High Court in Kenya has ruled in favour of Wells Fargo Limited, dismissing a KSh 23.4 million claim filed by Equity Bank Kenya Plc over the theft of KSh …
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Equity Bank to Open UAE Office, Becomes First Kenyan Bank to Expand to the Middle East
Shareholders of Equity Group Holdings Plc have approved the bank’s plans to open a Representative Office in the United Arab Emirates (UAE), marking the first time a Kenyan lender will …
The Kenyan Cabinet has approved two major legislative proposals aimed at modernising how public agencies are run and how government resources are procured and managed. The two bills—the Government-Owned Enterprises …
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Ethiopia Opens Banking Sector to Foreign Investors with New Licensing Rules
Ethiopia has officially opened its banking sector to foreign investors with a new directive that came into effect on June 25, 2025, allowing international banks to operate in the country …
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Kenya Airways Grows Workforce, Nears Gender Leadership Target
Kenya’s national airline, Kenya Airways (KQ), has expanded its workforce by 8% in 2024, bringing the total number of employees to 4,705. This growth in staff came during a landmark …
- AgribusinessAgricultureEastern AfricaEconomyFinance & ServicesKenyaMarkets
Williamson Tea and Kapchorua Tea Post Sharp Profit Declines
Two of Kenya’s oldest tea producers, Williamson Tea Kenya Plc and its associate Kapchorua Tea Kenya Plc, have reported significant drops in profit for the financial year ending 31 March …
- Banking, Finance & InvestmentEastern AfricaInsuranceKenyaSecurityTransportation & Logisitics
Court Clears Wells Fargo in ₦253 Million Moyale Heist Case, Blames Equity Bank for Security Lapses
A Kenyan High Court has ruled in favour of security firm Wells Fargo Limited in a case involving the theft of KSh 47 million (about ₦253 million) during a 2019 cash …
- Eastern AfricaEconomyFinance & ServicesINVESTMENTKenyaTrade and CommerceWestern Africa
Kenya’s M&A Deals Drop Sharply But Bigger Transactions Boost Total Value in 2024
Kenya recorded a significant drop in the number of mergers and acquisitions (M&A) deals in 2024, but the total value of those deals went up sharply, showing a shift in …
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Free State Police Rescue 19‑Year‑Old Kamogelo Baukudi Kidnapped by Fake Cops
Free State Police have confirmed a major breakthrough in the kidnapping of 19‑year‑old Kamogelo Baukudi from Bloemfontein. The teenager, a Grade 11 student at Martie du Plessis Special School, was …
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Uganda’s Coffee Exports Surge in May with Over 790,000 Bags Shipped
Uganda’s coffee exports surged in May 2025, buoyed by a successful main harvest in the Masaka and south-western regions, according to the latest report from the Uganda Coffee Development Authority …