Author: Muindi

Isuzu East Africa Limited has terminated its dealership agreement with Associated Motors Limited, closing a commercial relationship that spanned nearly five decades and defined how a generation of Kenyan and regional fleet buyers purchased and serviced their vehicles. The split, confirmed in a public notice issued by Isuzu East Africa, takes effect immediately. Customers previously served by Associated Motors will transfer to Isuzu’s existing dealer network. A Partnership Built Over Five Decades Associated Motors Limited was incorporated in 1964, making it one of Kenya’s longest-established automotive businesses. For close to sixty years, it operated as an authorised Isuzu new vehicle…

sNdovu Wealth Limited has launched the Kibaba Multi-Asset Special Fund, giving Kenyan investors structured access to both local and global asset classes through a single, regulated vehicle. The fund, licensed under Kenya’s Capital Markets Authority (CMA), arrives as appetite for offshore investment exposure among retail and institutional investors in the region reaches new heights. What the Kibaba Fund Is and Who It Targets The Kibaba Fund operates as a collective investment scheme, offering diversified exposure across equities, fixed income, real estate investment trusts (REITs), exchange-traded funds (ETFs), and commodities. It runs in two currencies: a Kenya Shilling tranche and a…

Old Mutual Holdings PLC closed the year ended 31 December 2025 with profit after tax of KES 856 million, up 2% from KES 838 million in 2024. The result marks the third consecutive year of profit since a KES 1.94 billion loss in 2022, a turnaround built on portfolio discipline, assets management growth, and a digital infrastructure that is now generating measurable commercial returns. Group CEO Arthur Oginga framed the result plainly: “We have strengthened our capital position, significantly improved our liquidity, and delivered strong growth in life and asset management while continuing to invest in digital innovation. These fundamentals…

Canal+ has announced a €100 million turnaround plan for MultiChoice, the South African company behind DStv — Africa’s largest pay-TV platform — after a difficult 2025 that saw the broadcaster shed roughly 500,000 subscribers and watch revenue slide 6% to €2.4 billion. The French media group completed its takeover of MultiChoice in September 2025, delisting the company from the Johannesburg Stock Exchange three months later. It inherited a business under serious strain. What went wrong MultiChoice ended 2025 with 14.4 million subscribers, down from 14.9 million the previous year. Adjusted earnings before interest and tax dropped 14% to €159 million.…

Kenya’s diaspora remittances reached $412.7 million in February 2026 — a $30.5 million jump year-on-year, or 7.98% above the $382.2 million recorded in February 2025, according to data from the Central Bank of Kenya. The figure marks a significant turning point. For three consecutive months, year-on-year inflows had contracted: November 2025 fell 8.2%, December 2025 dropped 2.2%, and January 2026 edged down 0.3%. February’s rebound breaks that sequence and keeps the monthly total above the psychologically important $400 million threshold. Month-on-month, however, the picture is more cautious. Inflows slipped $14.7 million — a 3.4% dip from January 2026’s $427.4 million.…

Nation Media Group (NMG) has released a cautionary statement following notice of a proposed transaction that could reshape its ownership structure. The announcement comes ahead of a planned takeover by Tanzanian businessman Rostam Aziz. Details of the Transaction In a notice dated March 11, 2026, NMG confirmed it received an intention letter on March 10 from Taarifa Ltd, a private investment firm. The letter outlined plans to acquire 100 percent of NPRT Holdings Africa Limited. NPRT, incorporated in Kenya, is a wholly owned subsidiary of the Aga Khan Fund for Economic Development S.A. (AKFED). It currently holds 92,618,177 shares, representing…