Canal+ has announced a €100 million turnaround plan for MultiChoice, the South African company behind DStv — Africa’s largest pay-TV platform — after a difficult 2025 that saw the broadcaster shed roughly 500,000 subscribers and watch revenue slide 6% to €2.4 billion. The French media group completed its takeover of MultiChoice in September 2025, delisting the company from the Johannesburg Stock Exchange three months later. It inherited a business under serious strain. What went wrong MultiChoice ended 2025 with 14.4 million subscribers, down from 14.9 million the previous year. Adjusted earnings before interest and tax dropped 14% to €159 million.…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Kenya’s diaspora remittances reached $412.7 million in February 2026 — a $30.5 million jump year-on-year, or 7.98% above the $382.2 million recorded in February 2025, according to data from the Central Bank of Kenya. The figure marks a significant turning point. For three consecutive months, year-on-year inflows had contracted: November 2025 fell 8.2%, December 2025 dropped 2.2%, and January 2026 edged down 0.3%. February’s rebound breaks that sequence and keeps the monthly total above the psychologically important $400 million threshold. Month-on-month, however, the picture is more cautious. Inflows slipped $14.7 million — a 3.4% dip from January 2026’s $427.4 million.…
Nation Media Group (NMG) has released a cautionary statement following notice of a proposed transaction that could reshape its ownership structure. The announcement comes ahead of a planned takeover by Tanzanian businessman Rostam Aziz. Details of the Transaction In a notice dated March 11, 2026, NMG confirmed it received an intention letter on March 10 from Taarifa Ltd, a private investment firm. The letter outlined plans to acquire 100 percent of NPRT Holdings Africa Limited. NPRT, incorporated in Kenya, is a wholly owned subsidiary of the Aga Khan Fund for Economic Development S.A. (AKFED). It currently holds 92,618,177 shares, representing…
The National Bank of Rwanda and the Central Bank of Kenya have signed a Memorandum of Understanding (MoU) to establish a Licence Passporting Framework for Payment Service Providers (PSPs). Today at #IFF2026, the National Bank of #Rwanda and the Central Bank of #Kenya (@CBKKenya) signed a Memorandum of Understanding (MoU) to launch a License Passporting Framework, enabling licensed Payment Service Providers to operate seamlessly across both markets. A major step… pic.twitter.com/XcFtyQ0xyQ — Central Bank of Rwanda (@CentralBankRw) March 11, 2026 This framework will allow licensed PSPs to operate seamlessly across both countries through mutual recognition of licenses. By cutting duplicative…
Kenya’s National Assembly has approved the 2026/27 Budget Policy Statement (BPS), laying the foundation for the national budget and defining government spending priorities for the year ahead. The framework, valued at Sh4.7 trillion, provides the fiscal blueprint for national, county, and sectoral allocations. The approval followed deliberations by the Budget and Appropriations Committee, which recommended ceilings aligned with fiscal responsibility principles. Key Budget Allocations Category Allocation (KES) Notes National Government Ceiling 2,878,426,500,000 Majority allocated to Executive (Sh2.7 trillion) Auditor General 9,030,000,000 Oversight and accountability Parliament 50,780,000,000 Legislative functions Judiciary 30,440,000,000 Judicial services County Equitable Share 420,000,000,000 Core county funding Equalisation…
Kenya Pipeline Company (KPC) officially joined the Nairobi Securities Exchange (NSE) on March 10, 2026, marking the country’s first major IPO in nearly two decades. At 09:57 a.m. on listing day, KPC shares traded at KES 9.10, up 1.11% from the IPO price of KES 9.00. By close of trading, the stock settled at KES 9.18, giving the company a market capitalization of KES 167 billion, about 4.84% of the NSE’s total equity market value. Government Raises KES 106 Billion Through IPO The Kenyan government sold a 65% stake in KPC, raising KES 106.3 billion ($823 million). President William Ruto…