Equity Bank is pursuing a return to Mozambique six years after abandoning an earlier attempt to enter the market. Group CEO James Mwangi confirmed the renewed push on March 26, 2026, crediting a direct introduction by President William Ruto during a State Lunch at State House, Nairobi. President Ruto hosted Mozambican President Daniel Francisco Chapo ahead of a three-day State Visit to Kenya. Mwangi attended the lunch and described how Ruto personally facilitated the introduction. “On Thursday, I was very privileged to be invited to the State Lunch, and when the President walked in with his guests, the President of…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Letshego, a microfinance lender operating across several African countries, is moving to sell its businesses in Ghana, Tanzania, Rwanda, Nigeria and Uganda. Its Kenyan operation has been excluded from the sale because of a pending legal matter that must be settled before any share transaction can proceed. Consolidated loss after tax BWP235.5m vs BWP93.3m loss in 2024 Profit from continuing ops BWP284m vs BWP61.4m in 2024 Operating income BWP2bn Up 8% year on year Customer deposits BWP3.5bn Up 64% year on year Net impairments BWP124.8m Down 77% Loan loss ratio 1% Improved credit quality The disposal plan, approved by the…
NCBA Group closed 2025 with profit after tax rising 7 percent to Sh23.4 billion, as a sharp 27.7 percent surge in net interest income more than offset a 46.3 percent jump in loan-loss provisions that the lender set aside against a growing pile of bad debts. The results, covering the year ended 31 December 2025, show a bank generating more income from every major line but spending significantly more to cover credit risk. FY2025 Group Results Metric FY 2024 FY 2025 Change INCOME Net interest income Sh34.5B Sh44.1B +27.7% Non-interest income Sh28.2B Sh29.3B +3.8% Total operating income Sh62.7B Sh73.3B +16.9%…
National Bank of Kenya (NBK) recorded a 178% jump in pre-tax profit to KShs 2.91 billion for the year ended 31 December 2025, up from KShs 1.05 billion in 2024. Profit after tax rose to KShs 2.39 billion from KShs 1.06 billion, a 125% increase. The results cover NBK’s first full reporting period since Access Bank PLC completed its acquisition of the lender in May 2025. Financial Results at a Glance Metric 2024 2025 Change Profit Before Tax KShs 1.05bn KShs 2.91bn +178% Profit After Tax KShs 1.06bn KShs 2.39bn +125% Net Interest Income — KShs 10.3bn — Interest Expenses…
The Business Registration Service has invited bids for six properties linked to two collapsed Cytonn investment vehicles, opening the most direct route yet to recovering Ksh 11 billion owed to more than 3,000 investors. The National Open Tender — reference BRS/OR/OT/009/2025-2026 — covers assets held by Cytonn High Yield Solutions LLP (CHYS) and Cytonn Real Estate Project Notes LLP (CPN), both of which were placed under liquidation following defaults on payments to investors. Tender documents are available free of charge at tenders.go.ke and brs.go.ke. Bids close on 30 April 2026 at 10:00 AM and must be hand-delivered to the BRS…
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…