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Kenya’s High Court cleared Equity Bank to auction 30 vehicles to recover a $2.34 million debt, underscoring rising defaults and tougher enforcement on distressed borrowers.
This marks a significant milestone in the bank’s international expansion strategy as it seeks to deepen global connectivity and access new markets.
The new system adds 311 solar panels and will generate about 180 kWh of power, covering roughly 60 percent of that division’s energy needs.
Lake Gas, led by Ally Awadh, lands Nigerian LPG at Kenya’s Vipingo terminal to lower prices and boost East Africa’s clean energy supply.
Britam has reversed a $16 million impairment loss on HF Group, signaling renewed confidence and bolstering its capital position after strong 2024 earnings.
Kenyatta family gains $10 million as NCBA stock rallies 12%, lifting their 13.2% stake to over $92 million in just 22 days.
The property, now known as I&M House@1046, will serve as the new Tanzanian headquarters for the Nairobi-listed lender and host one of its flagship branches.
The bank, East Africa’s largest by assets, revealed that the affected employees spanned senior managers and junior staff across its branch network and head office.
Safaricom posted $3.01 billion in revenue, marking a historic first in East Africa, as it eyes tech-driven growth in Kenya, Ethiopia, and beyond.
Absa Bank Kenya, partly owned by investor Baloobhai Patel, is backing a $52 million student housing drive to ease Nairobi’s 300,000-bed deficit.
This drop comes after a significant fall in the bank’s share price on the Nairobi Securities Exchange (NSE).
The donation, part of the external funding for Kenya’s 2025/26 budget, marks another significant philanthropic effort by the 94-year-old billionaire.
Kenya’s wealthiest women are forging cross-sector empires, driving East Africa’s economic growth through strategic leadership and investments in finance, real estate, agriculture, and manufacturing.
Heading into its 2026 fiscal year, the company has firmly established itself as a major force in shaping the future of cities in Kenya and Uganda.
Heirs of the late Naivas founder, Peter Mukuha Kago, are at odds once again, questioning the fairness of the judiciary in their ongoing dispute over the multi-billion-shilling estate.
The bank seeks to recover $3.35 million in loans owed by Equatorial Nut Processors, controlled by Munga.