NCBA Group’s share price jumped 8.27% on Tuesday, just a day after the East African region received strong ratings in the African Top 100 magazine, amid rumoured merger talks.
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The German multinational logistics and supply chain management company is doubling down on Africa’s trade future with a $349.6m investment targeting logistics expansion across its express, global forwarding, and supply chain division.
Consumer prices have eased sharply from last year’s highs, however, erratic movements and a slight uptick in September 2025 point to persistent price pressures.
Data from the Nairobi Securities Exchange show NCBA’s share price surged to KSh 75.25 ($0.56) at Tuesday’s close — its highest on record. The group, currently the most expensive banking stock on the NSE, maintained strong momentum in Wednesday’s intraday trading.
The central bank said the upcoming auction, which marks the tenth since the East African nation launched its new foreign exchange trading system in August 2024, follows months of robust inflows and rising reserves.
Wegagen’s management attributed the capital surge to strategic balance-sheet strengthening, business diversification, and an accelerated digital rollout.
This marks VFD’s second major capital raise in two years. At its eighth AGM in 2024, shareholders had approved a ₦30bn ($20.3m) capital raise, of which ₦12.5 billion ($8.45m) was successfully secured.
Businessfront Over 50 honours Nigerian companies that have sustained excellence for 50+ years, showcasing stewardship, governance, and lasting economic impact.
Mwanamvekha returns to office amid severe economic headwinds marked by persistent inflationary pressures, severe foreign exchange shortages, mounting debt and slow growth.
Stanbic IBTC, Nigeria’s priciest banking stock, has named Chukwuma (Chuma) Nwokocha as Group Chief Executive after a year under interim leadership.
Kenya’s industrial map is shifting. A growing number of manufacturers and logistics companies are abandoning Nairobi’s ageing Industrial Area for Tatu City — a $3 billion privately built Special Economic Zone (SEZ)
Abyssinia’s registration increases the number of lenders to two, with the intent to establish in its investment market in Ethiopia’s liberalised financial sector.
The Central Bank of Kenya (CBK) has unveiled draft regulations requiring all credit guarantee firms operating in the country to hold a minimum core capital of KES 1 billion ($7.86 million).
Ecobank Transnational Incorporated (ETI) has completed the sale of its 98.8% stake in Ecobank Mozambique to Malawi’s FDH Bank Plc, ending its 11-year presence in the Southern African country.
TAJBank Limited, Nigeria’s fast-growing Islamic lender, has surpassed the Central Bank’s minimum capital requirement for regional non-interest banks, well ahead of the March 2026 deadline.
Pearl Nkrumah takes the helm of Access Bank Ghana on October 1, 2025, becoming the lender’s first female chief executive, amid accelerating the lender’s local and global footprint.
The growing interest follows sweeping reforms designed to open up the economy to the global market after decades of tight state control.
Donald Trump’s $100,000 fee on H-1B visas could make hiring African professionals prohibitively expensive, amid growing tech African professionals.
Incremental Profit, a South African supply chain firm, has announced a partnership with Onebeat, a global AI-powered firm, to improve inventory management for retailers and distributors in South Africa.
Capitec Bank, which handles over 40% of South Africa’s airtime and data transactions, is deepening its telecoms push with a micro-airtime advance, betting the phased rollout will scale rapidly across its 25-million-strong customer base.
The 108-year-old financial institution has announced the full redemption of its 15.75% Series 2 bond on September 3, 2025, settling principal and coupon payments in line with SEC rules.