(NAIROBI, KENYA) – Pension fund returns fell to 18.2 percent in the 12 months to June 2026 from 29.4 percent a year earlier. The decline came as performance of fixed income securities dipped on lower interest rates and flat bond prices. Funds administrator Zamara says the average return from fixedContinue Reading
(NAIROBI, KENYA) – Nine small stocks at the Nairobi Securities Exchange have shed KES 2.25 billion in valuation this year. That is equal to $17.4 million or £13.7 million at current exchange rates. The losses run against the general market rally that has handed investors in other companies KES 1Continue Reading
(NAIROBI, KENYA) – KCB Group has raised its interim dividend by 50 percent to KES 3 per share after reporting a 14.2 percent growth in net profit for the half year ended June. The regional lender posted a net profit of KES 36 billion, up from KES 31.5 billion recordedContinue Reading
(MONTREAL, CANADA) – Air Canada shares rose sharply on Wednesday after the country’s largest airline agreed to sell a 25% stake in its Aeroplan loyalty programme to Blackstone and a group of Canadian pension funds for C$2.5 billion, giving the carrier a major cash injection as high fuel costs areContinue Reading
(NAIROBI, KENYA) – The number of Primary Care Networks across Kenya’s 47 counties rose 22 percent to 277 in the 2025/26 financial year, as devolved governments accelerate a model designed to move routine health services closer to households and ease the burden on referral hospitals. The networks, up from 227Continue Reading
(NAIROBI, KENYA) – A pension fund covering more than 5,000 former telecommunications workers in Kenya is preparing to sell its four largest property assets to government ministries by September 2026, a move that could deliver improved monthly payouts to its ageing membership. The TelPosta Pension Scheme is in advanced negotiationsContinue Reading
(KYIV, UKRAINE) – Ukraine’s Ministry of Finance raised almost UAH 2.3 billion (USD 51.3 million / GBP 40.1 million / EUR 46.7 million) for the state budget at its latest auction of domestic government bonds on Tuesday. The ministry offered hryvnia-denominated bonds across three maturities. A one-year bond maturing inContinue Reading
(Nairobi, Kenya) – Gross premium income for Kenya’s life insurance sector surged by 36.3 percent in the first quarter of 2026, driven mainly by a sharp increase in retirement savings channelled through private schemes from the National Social Security Fund. Data from the Insurance Regulatory Authority shows the industry collectedContinue Reading
(LAGOS, Nigeria) – South African commercial interests in Nigeria worth an estimated N20.43 trillion face growing uncertainty as calls for economic retaliation mount over renewed xenophobic attacks on Nigerians living in South Africa. The valuation, drawn from publicly available market capitalisation figures, asset disclosures and property portfolio estimates, covers SouthContinue Reading
(LAVAL, CANADA) – Alimentation Couche-Tard Inc., the Canadian owner of the Couche-Tard and Circle K convenience store chains, has made an offer valued at more than $12 billion to acquire a controlling stake in Polish convenience store operator Zabka Group. The bid, announced on Friday, would be the largest acquisitionContinue Reading
