TheKFinancialNews

Africa’s finance news by Africans for Africans. Home to: 1. #GoodMorningAfrica 2. Pivot & Profit pod.4.#OutOfOfficeOutOfAfrica pods

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Dear followers, Unfortunately, our old account was hacked. But we're back stronger and better with your favourite African financial news updates and podcasts. Please help us rebuild by following, retweeting and spreading the word. Thank you for your support!
Happy New Year!!

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Newsletter:
The Pipeline - Positive outlook on Rwanda and Johannesburg stock markets https://t.co/fbLH4L0oDV

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Appointments:
Equity Bank Uganda has appointed Henry Rugamba as the bank’s new Board Chairperson. Rugamba is a veteran communications strategist and proprietor of Songa communications.

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Newsletter:
Africa Weekly - Football meets politics, South Africa’s Xenophobia Challenge, Africa’s Nuclear Moment https://t.co/kJJ5q8UsrI

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Expansions;
Uganda Airlines is expanding its regional footprint, with plans to launch flights between Entebbe and Kigali in August.
The new route is set to bring competition to a route dominated by Rwandair.

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Appointments;
Spiro has appointed Anant Badjatya, former CEO of Indofast Energy, as Group CEO to steer its next phase of growth following a landmark $215 million funding round. He will lead Spiro’s expansion across mobility, energy, logistics& vehicle manufacturing in Africa.

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Newsletter:
The Pipeline - Mixed day for Africa's major markets https://t.co/5e4ccXpm7J

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Newsletter:
The Pipeline - Lusaka steady, Egypt leads gains https://t.co/Gm8gfDkT4j

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M&A Alert:
Providus Bank and Unity Bank have completed their merger, marking one of Nigeria’s most significant banking consolidations in recent years. The deal is expected to strengthen balance sheets, expand market reach, and intensify competition in the sector.

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Rwanda-UK Asylum Deal Arbitration Concludes:

The Permanent Court of Arbitration has ruled that the UK will not make additional payments to Rwanda under the cancelled asylum partnership agreement, bringing the high-profile dispute to a close.

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Mergers:
African startup M&A activity is heating up as Spiro acquires UK engineering firm for an undisclosed fee.
Spiro’s acquisition of Coexlion shows how African companies are increasingly using acquisitions to secure technology, talent, and global competitiveness

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NEWS:
Shelter Afrique Development Bank and IF C have signed a strategic partnership at to mobilize private capital and accelerate affordable, sustainable housing across Africa.
Africa’s housing deficit stands at 56 million units, requiring an estimated $3 trillion in investment.

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Breaking:
Ethio Telecom has officially debuted on the Ethiopian Securities Exchange after verifying over 45,000 shareholders, Making it one of the largest retail investor participation events in the country’s history.

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Newsletter:
Africa Weekly - Biashara Afrika, Senegal’s marriage of convenience come to an end, Ugandans pushback on Ebola claims https://t.co/SqYRL0NKUd

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Newsletter:
The Price of Fighting Inflation: What Rwanda’s Rate Hike Means for Your Wallet https://t.co/drFdZQNRF1

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Newsletter:
Nuclear Energy in Africa, the industrial and economic opportunity https://t.co/Ttoc2lngem

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EARNINGS ALERT: Equity Group just crossed the Ksh 2 TRILLION balance sheet mark.

Q1 2026 PAT surged 24% YoY to Ksh 19.1B, powered by rising deposits, loan growth and its aggressive pan-African expansion strategy.

A banking giant quietly becoming Africa’s financial powerhouse.

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Newsletter:
Africa Last Week- Biashara Afrika Summit: AfCFTA Moves to Execution, Macron’s performative African show, Museveni swears in for 7th term https://t.co/zQ9dN0uXhk

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NEWS:
Shelter Afrique Development Bank and IF C have signed a strategic partnership at to mobilize private capital and accelerate affordable, sustainable housing across Africa.
Africa’s housing deficit stands at 56 million units, requiring an estimated $3 trillion in investment.

[TheKFinancialNews @KFinancialNews]

Togo’s ruling national council declares visa free entry for all African passport holders.

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Appointments:
Former NSSF Uganda boss Richard Byarugaba has been tapped by James Mwangi to lead Equity Group Insurance’s new Asset Management subsidiary.
The new subsidiary is set to be headquartered at the Equity towers in Kigali.