Author: Muindi

East African Breweries has delivered its strongest financial year in recent memory, with profit after tax climbing 49.4 percent to Kshs 18.2 billion on the back of double digit revenue growth and a sharp cut in finance costs. Net revenue rose 13.3 percent to Kshs 146.0 billion for the year ended June 30, 2026, while earnings before interest and taxes excluding foreign exchange effects grew 33.9 percent to Kshs 33.3 billion. The board responded with a total dividend of Kshs 12.70 per share, up 58.8 percent, funded by a final payout of Kshs 8.70 that follows the interim dividend already…

The Director of Public Prosecutions has approved criminal charges against the chief executive officers of NCBA Bank, KCB Bank and Co-operative Bank, accusing them of failing to report suspected proceeds of crime tied to a Sh363.4 million fraud scheme. The three executives face charges under Section 5 as read with Section 44(2) of the Proceeds of Crime and Anti-Money Laundering Act. Prosecutors say the banks held accounts used to move funds allegedly stolen from First Assurance Investment Company Limited, and that the CEOs failed to flag suspicious transactions flowing through those accounts. They are set to take plea before the…

East Africa became one of the continent’s most active cybercrime zones in 2025, according to INTERPOL’s African Cyberthreat Assessment Report 2026. The region’s runaway success with mobile money has created exactly the kind of target criminals want: fast, high volume, and still catching up on security. From SIM swap fraud in Kenya to a ransomware incident on Uganda’s national power grid, the pattern across the region points to one conclusion. Digital adoption has sprinted ahead of the defenses meant to protect it. A Region Defined By Two Threats INTERPOL’s assessment identifies East Africa as a hub for two dominant threats:…

Canal+ recognised a €15 million (R285 million) gain from the closure of Showmax, according to its half year results for the 2026 financial year. The results cover the six months to June 2026 and mark the first set of Canal+ financials to fully incorporate MultiChoice. Canal+ acquired all of MultiChoice’s shares and delisted the company from the JSE in late 2025. How the Gain Was Calculated Canal+ recognised a €48 million (R914 million) once off tax gain tied to the shutdown of Showmax. This offset the impairment of Showmax’s assets and a €14 million (R266 million) net loss from provisions…

Africa arrived in Glasgow with quiet ambition. It leaves with a medal haul that tells a louder story. With the Games drawing to a close, three nations carried the continent’s flag into the top half of the table: Nigeria, South Africa and Kenya. Behind them, Cameroon, Mauritius, Uganda, Namibia, Ghana, Zambia, Lesotho, Gabon, Rwanda and The Gambia have each punched above their weight, proving that African sport now runs deeper than a handful of powerhouse programmes. Nigeria Turns the Platform Into a Stage No African nation has dominated a single discipline the way Nigeria has owned weightlifting and para powerlifting…

Kenya’s cost of living rose again in July, reversing June’s brief easing and keeping households squeezed by expensive fuel, pricier food and rising electricity bills. Annual inflation reached 6.5 per cent in July, up from 6.4 per cent in June, according to data released Friday by the Kenya National Bureau of Statistics (KNBS). The reading came in just below the 6.7 per cent forecast by the Central Bank of Kenya (CBK), but it marks the third straight month that inflation has sat above the midpoint of the bank’s target band of 2.5 to 7.5 per cent. On a month to…