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Kenya’s private sector activity rose to a six-month high in October 2025, driven by new product launches and increased use of discounts and promotional pricing as firms sought to stimulate demand in a gradually recovering economy.
Optasia has become Africa’s first publicly listed fintech, debuting on the Johannesburg Stock Exchange in 2025 and marking a new phase for homegrown digital finance.
A new fintech passport between Ghana and Rwanda lets startups expand across both markets without relicensing — a real test of Africa’s push for borderless finance.
BUA Cement’s after-tax profit surged by 640.8% year-on-year in Q3 2025 — the highest growth among the top three cement makers. Dangote Cement followed with 149.8%, while Lafarge Africa posted 144.1%.
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Other highlights
This comes at a time when President Bola Tinubu has introduced sweeping reforms since assuming office in May 2023 to boost investor confidence in Nigeria and achieve his $1trn GDP target by 2030.
According to the latest ‘Where to Invest in Africa’ report by Rand Merchant Bank (RMB), the country climbed eight places — from 16th to eighth position — among 31 African economies assessed.
From Nigeria’s Access Holdings and FirstHoldCo to Togo’s Ecobank, Kenya’s Equity Group and KCB, and Tanzania’s CRDB Bank, regional lenders are deepening their footprint in the vast Central African nation — long viewed as too risky for large-scale banking operations.
The conglomerate completed the acquisition of a 100% equity stake in C.H.I. Limited on October 3, 2025, making the beverage and dairy firm a wholly owned subsidiary.
