Nedbank to Acquire iKhokha: What to Look Forward To
Nedbank Group, one of South Africa’s largest banking institutions, has entered into a binding agreement to acquire 100% of iKhokha, a Durban-based fintech innovator, in an all-cash deal valued at approximately R1.65 billion (about $94 million). The acquisition, subject to customary regulatory approvals, is expected to be finalised in the coming months. It will bring […]
Africa Doesn’t Need a New Idea , It Needs to Own This One.
Impact investing isn’t a Western import. It’s the modern face of something Africa has practiced for centuries : and that is building wealth that serves the community. From Ujamaa in Tanzania, to Ubuntu in Southern Africa, to Harambee in Kenya, our cultures have always linked prosperity to shared wellbeing. Yet when the term “impact investing” […]
KCB vs. Equity: Which Bank Outperformed in H1 2025?
Kenya’s two largest lenders, KCB Bank Group and Equity Group, have delivered record-breaking half-year results, cementing their dominance in East Africa’s banking sector. Both posted strong earnings growth, expanded regional operations, and strengthened balance sheets, but their H1 2025 performances reveal distinct areas of leadership. Profitability In KCB H1 25 results, net profit rose 8% […]
What’s Behind KCB Group H1 25 Profit Growth and Largest-Ever Dividend
KCB Bank Group has posted an 8% rise in net profit for the first half of 2025, reaching KSh 32.3 billion. The results, driven by steady asset growth, regional diversification, and customer-focused innovations, have paved the way for the lender’s largest-ever interim payout and its first special dividend. The KCB Group H1 25 financials, released […]
I&M Bank launches Shinda Millioni with up to KES 7.5 Million in cash prizes for customers
NAIROBI, KENYA, 12 August 2025 – I&M Bank has officially rolled out the “Shinda Millioni” campaign, a three-month initiative designed to encourage a savings culture by rewarding top saving customers. Launched at the bank’s Ruiru branch at The Nord Mall, the campaign offers both new and existing customers a chance to win weekly and monthly […]
Why Equity Group’s Insurance Arm Could Be Its Next Big Profit Engine
Equity Group is widening its revenue streams beyond traditional banking, with its insurance business emerging as a strong contributor to earnings growth in the first half of 2025. The expansion into life, general, and health insurance has positioned the Group to tap into new markets while boosting overall profitability. Equity Life Assurance, in its third […]
Stanbic Bank Kenya Tax Profits Fall by 9% to Ksh 6.5 Billion in H1 2025
Stanbic Bank Kenya has reported a 9% decline in profit after tax for the first half of 2025, falling to Ksh 6.5 billion from Ksh 7.2 billion in H1 2024. The drop in earnings was mainly attributed to reduced interest income and higher operating expenses, despite improvements in cost efficiency and credit quality. The bank’s […]
Ecobank Exits Mozambique Market, Transfers 98.8% Stake to Malawi’s FDH Bank
Ecobank Transnational Incorporated (ETI), the parent company of the pan-African Ecobank Group, has exited the Mozambican market following the sale of its 98.8% stake in Ecobank Mozambique S.A. (EMZ) to FDH Bank Plc, a leading financial institution listed on the Malawi Stock Exchange. The transaction, announced on August 5, 2025, ends Ecobank’s 11-year presence in […]
5 Ways Merchants Benefit from the KCB-Mastercard Partnership
KCB Bank Kenya has been named the Top Acquiring Partner for the first half of 2025 by Mastercard, a recognition that affirms the bank’s strong performance in expanding card acceptance infrastructure and enabling digital transactions for merchants across East Africa. The KCB-Mastercard Partnership combines Mastercard’s global payment expertise with KCB’s regional reach, offering merchants robust […]
Nedbank to Sell 21.2% Stake in Ecobank as 17-Year Alliance Comes to an End
South Africa’s Nedbank Group has announced plans to divest its 21.2% stake in Ecobank Transnational Incorporated (ETI), concluding a 17-year partnership that began in 2008. The decision, disclosed on August 5, 2025, follows a strategic review and Nedbank’s intention to concentrate its growth efforts in the Southern African Development Community (SADC) and East Africa. The […]