Author: Muindi

Bamburi Cement Plc has named Geoffrey Ndugwa as its new Chief Executive Officer, effective 1 April 2026, as the company accelerates a major expansion of its production capacity in Kenya. Ndugwa succeeds Mohit Kapoor, who steered the business through a critical transition period. Board Chairman Dr. John Simba described Kapoor’s tenure as one of stabilisation and business turnaround, and extended the company’s gratitude for his leadership before welcoming his successor. A Career Built Across the Continent Ndugwa arrives with more than two decades of executive experience across sub-Saharan Africa, all of it within the Holcim Group ecosystem. He most recently…

Access Bank Kenya closed 2025 with a loss of KES 702.2 million, an improvement on the KES 997.1 million loss recorded in 2024. The reduction came from revenue growth across both funded and non-funded income lines, alongside a significant drop in interest expenses. Metric FY2024 FY2025 Change Loss After Tax (KES m) (997.1) (702.2) Narrowed by 29.6% Net Interest Income (KES m) 312.1 516.3 +65.4% Non-Funded Income (KES m) 112.5 331.2 +194.5% Operating Income (KES m) 425.6 847.5 +99.5% Total Assets (KES b) 14.4 16.2 +12.7% Loans and Advances (KES b) 3.5 2.6 -25.6% Gross Non-Performing Loans (KES m) 467.2…

More than 50 executives from 16 countries spent seven days on the ground in southern Democratic Republic of Congo and came back with something concrete: named contacts, confirmed meetings, and deals moving toward signature. The delegation, organised by Equity Group, travelled through Kolwezi, Lubumbashi and Likasi. Participants came from Kenya, Uganda, Tanzania, South Sudan, Burundi, South Africa, Zimbabwe, Congo Brazzaville, Eritrea, Lebanon, the UAE, India, Pakistan, Sri Lanka, Poland, Germany and the United Kingdom. Site visits covered the Kamoa-Kakula Copper Complex, CMOC Group’s DRC operations, the Agro-industrial Development hub in Kolwezi (DAGRIL) and the newly built Lualaba International Airport. Two…

2025 tested every insurer operating across Africa. Conflicts, regional instability and inflation driven partly by US tariffs pushed claims higher and squeezed margins across the industry. Britam absorbed those pressures and still grew. Metric 2025 2024 Change Pre-tax profit Shs 7.9bn Shs 7.3bn +8% Insurance revenue Shs 41.7bn Shs 37.6bn +11% Total equity Shs 35.1bn Shs 29.5bn +19% “These results reflect the resilience of our business and the progress we have made in building a more agile, customer-focused and digitally enabled organisation,” said Tom Gitogo, Group Managing Director and CEO. “We are entering our next strategy cycle from a position…

Equity Bank is pursuing a return to Mozambique six years after abandoning an earlier attempt to enter the market. Group CEO James Mwangi confirmed the renewed push on March 26, 2026, crediting a direct introduction by President William Ruto during a State Lunch at State House, Nairobi. President Ruto hosted Mozambican President Daniel Francisco Chapo ahead of a three-day State Visit to Kenya. Mwangi attended the lunch and described how Ruto personally facilitated the introduction. “On Thursday, I was very privileged to be invited to the State Lunch, and when the President walked in with his guests, the President of…

Letshego, a microfinance lender operating across several African countries, is moving to sell its businesses in Ghana, Tanzania, Rwanda, Nigeria and Uganda. Its Kenyan operation has been excluded from the sale because of a pending legal matter that must be settled before any share transaction can proceed. Consolidated loss after tax BWP235.5m vs BWP93.3m loss in 2024 Profit from continuing ops BWP284m vs BWP61.4m in 2024 Operating income BWP2bn Up 8% year on year Customer deposits BWP3.5bn Up 64% year on year Net impairments BWP124.8m Down 77% Loan loss ratio 1% Improved credit quality The disposal plan, approved by the…