Author: Korir Issa

Abdi Mohamed has stepped down as Chief Executive Officer and Managing Director of Absa Bank Kenya, ending a three-year stint that saw the lender post consistent profit growth and deepen its digital transformation, even as macroeconomic headwinds tested the broader sector in his final months. The Business Daily first reported the departure. Sources familiar with the matter indicate that Mohamed is set to take up a senior leadership role at another bank within the Kenyan market, with his name linked to regional lender I&M Bank — although that appointment had not been officially confirmed at the time of writing. Absa…

Kenya’s government securities market takes a decisive step toward global integration on June 29, 2026, when the Clearstream-Kenya Link goes live, connecting the Central Bank of Kenya’s DhowCSD platform to one of the world’s leading post-trade settlement networks. The link makes Kenya the 60th domestic market within Clearstream’s global network and only the second in Africa, after South Africa. For international investors, it removes a longstanding barrier: accessing Kenyan government paper no longer requires local registration or account opening. Everything flows through a single point of access.  What the Link Actually Does The connection provides institutional investors with access to…

Equity Group Holdings shareholders approved all resolutions at the 22nd Annual General Meeting on 24 June 2026, clearing a KSh21.7 billion dividend, three new insurance subsidiaries across Kenya and the Democratic Republic of Congo, and a full slate of board appointments. The meeting, held electronically, also ratified the audited financial statements for the year ended 31 December 2025 and reappointed Ernst & Young as external auditors until the next AGM. A dividend that reflects the distance travelled Shareholders approved a first and final dividend of KSh21.70 billion — KSh5.75 per share — for the financial year ended 31 December 2025.…

Murang’a County’s purple tea landed in Paris on June 23, 2026, when Gatanga Industries, French tea house Palais des Thés and Equity Group Holdings unveiled the product at the Hôtel de Crillon. The launch marked the first time Kenyan specialty purple tea entered the French retail market through a formal commercial arrangement, opening a route that producers hope will deliver prices well above what the Mombasa auction typically generates for bulk black tea. The partnership traces its origins to May 11, 2026, when the three parties signed an offtake and promotional agreement in Nairobi on the sidelines of the Africa…

Buy a new Samsung Smart TV in Kenya, Nigeria, South Africa or any of 15 other African markets, and you will find DStv Stream already sitting on the home screen — no download, no setup, no searching. CANAL+ and Samsung Electronics confirmed the rollout on June 22, 2026, marking the first time a MultiChoice Group streaming application has come pre-installed on Samsung Smart TVs across English and Portuguese-speaking Africa. The deal extends a partnership between CANAL+ and Samsung that already covers more than 40 markets across Europe, French-speaking Africa and Asia. This latest push brings it into 18 new territories,…

South Africa’s Absa Group is putting fresh money behind its East African business. The lender has launched a tender offer worth roughly KSh30.9 billion ($238.6 million) to lift its stake in Absa Bank Kenya from 68.5% to 85%, a move that signals growing confidence in Kenya’s banking sector and the wider East African growth story. The offer, announced on 19 June 2026, comes as South African banking groups increasingly chase faster growing markets north of their home base. Absa’s filing with the Capital Markets Authority frames the deal as a long term strategic bet rather than a quick portfolio shuffle.…