Author: Muindi

CANAL+ says SuperSport will broadcast the Glasgow 2026 Commonwealth Games live across Sub Saharan Africa. DStv, DStv Stream, GOtv and GOtv Stream Access customers will get full access to the eleven day event, which runs from 23 July to 2 August 2026 in Glasgow, Scotland. In South Africa, CANAL+ Africa supplies the SuperSport channels to licence holder MultiChoice, which then delivers the DStv service to subscribers. More Than 500 African Athletes Head To Scotland More than 500 athletes from across the continent are set to compete in Glasgow, making this edition one of the most anticipated in recent memory. SuperSport…

BAT Kenya grew net revenue and profit in the first half of 2026, even as illicit cigarettes continued to eat into its home market. Revenue climbs on exports and nicotine pouches British American Tobacco Kenya reported net revenue of KES 12.3 billion for the six months to June 2026, up 4.6% from the same period last year. Export sales and a rebound in modern oral nicotine pouch sales drove the gain, offsetting weaker volumes and consumer downtrading at home. Gross revenue, which includes excise duty and VAT collected on the government’s behalf, rose 2.6% to KES 19.0 billion. Operating costs…

Absa closes in on a deal that would reshape Tanzania’s banking sector, merging its two local units into the country’s third largest lender. Absa Group is nearing an agreement to combine its two banking businesses in Tanzania, according to people familiar with the matter who asked not to be named because the talks remain private. The South African lender wants to build scale in East Africa, a region growing faster than its home market. So it is consolidating rather than expanding through new licenses. How the deal would work National Bank of Commerce, which Absa owns 55% of alongside a…

Nedbank Group closed its offer to acquire 66% of NCBA Group on 10 July 2026, and Kenyan shareholders responded with far more shares than the South African lender needs. Tenders covered 1.316 billion shares, equal to 79.90% of NCBA’s issued capital, pushing the offer well past its target and forcing Nedbank to scale down what it ultimately accepts. Why the Offer Ended Up Oversubscribed NCBA shareholders could tender up to 66% of their holdings automatically under the pro rata entitlement. Many went further. Shareholders submitted pro rata acceptances covering 920.7 million shares, or 55.88% of the bank, then layered on…

Kenya Reinsurance Corporation (Kenya Re) is stepping up its expansion across East Africa with plans to open offices in Tanzania and Rwanda. The reinsurer has invited bids to lease office space in Dar es Salaam and Kigali. It is also seeking a consultant to help set up a liaison office in Rwanda, a signal that the Kigali presence will need more groundwork before it becomes fully operational. The tender for office space in Dar es Salaam closes on August 7, 2026. The Kigali leasing tender and the consultancy tender are both scheduled to close later the same month. Kenya Re…

Safaricom has found its answer to the vacancy left by Esther Waititu’s resignation, at least for now. Boniface Mungania, currently Director of Public Sector Digital Transformation, will step in as interim Chief Financial Services Officer, taking over a division that anchors both M-Pesa’s revenue and Safaricom’s push into financial inclusion. The appointment keeps the role inside a small circle of executives who have shaped M-Pesa’s growth from the ground up, rather than bringing in an outsider during a period of leadership turnover at the top of the company. A Career Built Inside M-Pesa Mungania describes himself as experienced in digital…