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Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover
Business and Economy

Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover

The buying spree is increasingly looking like more than a portfolio investment. Otedola, whose business interests have ranged from energy and power generation to

South African Bank Stocks Priced For Better Days
Business and Economy

South African Bank Stocks Priced For Better Days

South Africa’s bond market is quietly telling a different story to the rating agencies, as government debt trades at investment grade levels and fiscal discipline

Trade and Financial Services Update January 2026
Business and Economy

Trade and Financial Services Round-Up

Kenya  Gov’t Maintains Sugar Import Ban and Import Licence Freeze for Traders  Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has reaffirmed the government’s ban

Kenya seeks $450m World Bank emergency funding as war, weather risks grow
Business and Economy

Kenya seeks $450m World Bank emergency funding as war, weather risks grow

Kenya is in talks to secure about $450 million in emergency funding from the World Bank as the government races to protect the economy from

Airtel Kenya new CEO Jibril Tobe on rising above the competition
Business and Economy

Airtel Kenya new CEO Jibril Tobe on rising above the competition

After serving in Airtel’s smaller West African markets of Chad and Congo (Brazzaville), Jibril Tobe was tapped as Kenya CEO a month ago, with the

Kenya’s private sector growth hits 6-month high as economy recovers
Business and Economy

Kenya’s private sector growth hits 6-month high as economy recovers

Employees at an apparel firm in Kenya at work Kenya’s private sector returned to growth in July for the first time in five months. This

AERC–World Bank Visiting Scholars Programme 2026: Research Fellowship for African Economist
Business and Economy

AERC–World Bank Visiting Scholars Programme 2026: Research Fellowship for African Economist

The African Economic Research Consortium (AERC) has opened applications for the AERC–World Bank Visiting Scholars Programme 2026, offering eligible researchers a unique opportunity to collaborate

Homes, land price boom in Nairobi outskirts ends
Business and Economy

Homes, land price boom in Nairobi outskirts ends

A decades-long property boom on the outskirts of Nairobi, including Kiambu, Kitengela and Ngong, is coming to an end as home prices drop and land

Ruto Sets 10-Year Target to Transform Kenya Into an Upper Middle-Income Economy
Business and Economy

Ruto Sets 10-Year Target to Transform Kenya Into an Upper Middle-Income Economy

Kenya should set its sights on becoming an upper-middle-income economy within the next 10 years instead of settling for slow progress, President William Ruto has

Airtel, Safaricom locked in business wallet price war
Business and Economy

Airtel, Safaricom locked in business wallet price war

Airtel on Monday launched a product to rival Safaricom’s Pochi la Biashara, triggering a price war that has cut the cost of customer transfers to