Olympia Capital Holdings Limited has announced a net profit of KSh 17.6 million for the financial year ended 28 February 2025, reflecting a 50 percent decline from the KSh 35.2 …
Eastern Africa
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WFP Warns Food Aid for Sudanese Refugees May End in Four Countries
The United Nations World Food Programme (WFP) has issued a stark warning that food assistance for Sudanese refugees in four neighbouring countries could be completely suspended within the next two …
- DevelopmentEastern AfricaEnergyEnvironmentInfrastructurePolitics
Kenya Shifts First Nuclear Power Plant Project to Siaya
Kenya’s plan to build its first nuclear power plant has taken a new direction as the government shifts focus from Kilifi County to Siaya County, following strong opposition from residents …
- Eastern AfricaFintechGOVERNMENTINVESTMENTMarketsTelecommunications
MTN Uganda Offers Exit Plan for Retail Investors
MTN Uganda has announced a new exit option for its minority retail investors as the telecom company prepares to separate its mobile money business, MTN MoMo, from its main telecom …
- AfricaAFRICA NEWSEastern AfricaGOVERNMENTNewsPoliticsSecurity
Uganda’s Bobi Wine Condemns Alleged Abduction of Ruling Party MP
Ugandan opposition leader and popular politician Robert Kyagulanyi, widely known as Bobi Wine, has spoken out strongly following the reported abduction of a sitting member of parliament. He described the …
- DevelopmentEastern AfricaEnergyGOVERNMENTInfrastructure
Kenya Successfully Tests Power Transmission from Ethiopia to Tanzania
Kenya has completed a major test of its ability to transmit 50 megawatts of electricity from Ethiopia to Tanzania through its national electricity grid. The successful trial is seen as …
- BusinessDigital EconomyEastern AfricaFinance & ServicesTechnologyTelecommunications
M-Pesa’s Market Share Drops as Airtel Money Gains Ground
Safaricom is beginning to feel the pressure in Kenya’s mobile money industry, as new data shows a steady drop in M-Pesa’s market share. For many years, M-Pesa has led the …
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Kenya’s Startup Ecosystem Hits Record Global Ranking, Beats Nigeria and Egypt in Growth
Kenya has achieved its highest-ever position in the global startup ecosystem rankings, bolstered by a rapid growth rate of over 30 percent — the fastest among countries ranked between 51st …
- Banking, Finance & InvestmentBusinessEastern AfricaEthiopiaFinance & ServicesINVESTMENTSales Strategy
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 …
- AviationEastern AfricaEconomyGOVERNMENTKenyaLeadership
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 …