Airtel Africa has posted a sharp rebound in profitability for the nine-month period ended 31 December 2025, reporting a net profit of $586 million, driven largely by surging data revenues,…
By Sim Tshabalala, CEO of Standard Bank Group Africa continues to stand out as a compelling opportunity in the global landscape. Strong GDP growth forecasts, a powerful demographic dividend, and...
Uganda has moved up to third position in Africa’s financial markets rankings, overtaking Nigeria and consolidating its position as the leading financial market in East Africa. According to the Absa…
South Africa’s Nedbank Group has unveiled plans to acquire approximately 66% of the issued ordinary share capital of Kenya’s NCBA Group. The move is set to hand the Johannesburg-listed lender...
Uganda’s passport has been ranked 71st globally, granting its holders access to 66 visa-free, visa-on-arrival or Electronic Travel Authorisation destinations, according to the Henley Passport Index 2026 Global Ranking released…
Asahi Group Holdings, the Japanese brewing and beverages giant, has picked Absa Bank Kenya PLC, ENS Africa, A&O Shearman and Nomura Holdings to advise on its USD 2.3 billion acquisition of a 65% controlling stake in East African Breweries Plc (EABL) from Diageo Plc, a transaction that ranks among the largest consumer-sector deals ever executed in East Africa. The advisory line-up brings together regional execution strength and global deal expertise. Absa Bank Kenya PLC is acting as financial adviser alongside Nomura, the Japan-headquartered investment bank, while ENS Africa and A&O Shearman, the London-headquartered global law firm, are providing legal counsel….
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When veteran journalist Andrew Mwenda posted a video of weary passengers stranded at Entebbe International Airport, his words cut deeper than the images themselves. “The tragedy happening at Uganda Airlines…
Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 241 billion (UGX 6.5 Trillion Deal) The Kenyan government Kenya has officially begun the process of selling a 15 percent stake in Safaricom to South Africa’s Vodacom in a total transaction valued at KShs 241 billion (UGX 6.5 trillion), a move that signals one of the country’s most significant state asset disposals in recent memory. The announcement, published by Safaricom PLC on December 4, 2025, outlines the full structure of the deal and sets the stage for a major shift in the ownership of East Africa’s most valuable company….
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They say actions speak louder than words, and with Paloma Lengema at the helm, BIC’s impact is clear, sharp, bold, and lasting like the iconic Cristal pen. Rising through BIC’s global ranks—from early roles across Europe, the Middle East, North America, and West and Central Africa to now serving as General Manager for East Africa—she brings a grounded, hands-on understanding of consumer markets and brand growth. Today, she leads BIC’s operations in the region across Stationery, Lighters, and Shavers, with a focus on expanding the company’s footprint, strengthening innovation, and building sustainable, community-focused initiatives. As BIC marks 75 years, Lengema…
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When Dr. Layi Fatona took the stage at the Stanbic Bank East Africa Economic Summit in Kampala, there was a certain stillness in the room — the kind that precedes…
In a move that emphasizes its ambition to lead Africa’s broadband revolution, AXIAN Telecom Fibre Ltd (“Yas”), a subsidiary of AXIAN Telecom Holding and Management PLC, has completed the acquisition of 99.63% of Wananchi Group (Holdings) Ltd (“Wananchi”), one of East Africa’s top fixed broadband and enterprise connectivity providers. The deal marks a major milestone in Yas’s pan-African growth strategy, significantly expanding its fibre footprint across Kenya, Tanzania, Uganda, and Malawi, with over one million homes now passed in the region. Boosting East Africa’s Broadband Momentum East Africa is rapidly emerging as one of the continent’s most dynamic broadband markets,…
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Rwanda is preparing to launch a Green Exchange Window (GEW) later this month, a dedicated platform for trading sustainable investment instruments aimed at expanding the country’s capital markets and attracting climate-focused investors. The launch will headline the upcoming 28th African Securities Exchanges Association (ASEA) annual conference, slated for November 28, in Kigali. The three-day conference will bring together leaders from securities exchanges, market regulators, brokers, investors, and other stakeholders from across the continent under the theme “Adapting to Global Market Shifts.” The GEW, to be operated under the Rwanda Stock Exchange (RSE), will serve as a specialised segment for green…
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Kenya is rewriting Africa’s digital entertainment and media (E&M) playbook — and, according to PwC’s Africa Entertainment & Media Outlook 2025–2029, it is doing so faster than any other country…
The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has imposed a fine of USD 750,000 on global alcoholic beverages manufacturer Diageo Plc, the majority shareholder in East African Breweries Limited (EABL), for engaging in anti-competitive business practices across Uganda, Eswatini and Zambia. The ruling, contained in a 13-page decision issued on September 21, 2025, concluded that Diageo’s actions violated regional competition laws by restricting trade and distorting market dynamics within the COMESA region. The Commission’s decision follows a multi-year investigation into the company’s distribution and production agreements with local partners, which were found to contain clauses that…
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Peter Situmbeko Nalitolela is the Chief Executive Officer of the Dar es Salaam Stock Exchange from August 2024 and also serves as a Board Member of the CSD & Registry (CSDR) Company Ltd. He is a Certified Board Director and a seasoned finance professional with work experiences in areas ranging from Capital Markets, Banking, Investments Management, Pension Fund Management, Power & Energy and Telecommunication. Peter is a member of the Fair Competition Tribunal, a Board Director (Tanzania) for Aceli Africa, and an independent non-executive board director of Coop Bank Tanzania. Before joining the Dar es Salaam Stock Exchange, Peter worked at NBC…
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