MTN Uganda has reported a 13.6 per cent increase in full-year revenue to $972 million for the year ended 31 December 2025, driven by rising demand for mobile data and financial technology services.
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The US tech giant will partner with schools, universities, and other institutions to deliver AI training focused on the continent's major tech hubs: South Africa, Kenya, Nigeria, and Morocco.
The group attributed the profit decline to elevated claims across motor, medical, fire, and group life business lines, combined with a normalisation of investment returns following exceptional equity market performance in 2024.
Under the terms of the deal, Synergetic Development Group will develop an integrated logistics centre for steel products, along with a steel fabrication plant, within the park. The facility will operate using 18 megawatts of geothermal power supplied directly from Olkaria's geothermal fields.
French and Kenyan business leaders have launched the Doing Business in Kenya 2026 Guide, a new investment roadmap aimed at helping international companies navigate Kenya’s market and deepen economic ties
The policy, announced by the Uganda Ministry of Internal Affairs and implemented by the Directorate of Citizenship and Immigration Control, allows travellers from designated nations to enter Uganda without obtaining a visa in advance for stays of up to three months for tourism or business purposes.
Under the first deal, New York Stock Exchange-listed Lifezone Metals has secured a 14-month exclusivity agreement to develop the Musongati nickel laterite project, Burundi's most significant nickel deposit and a key asset within the East African Nickel Belt
The performance represents the highest annual profit in KCB's history and underscores the resilience of Kenya's banking sector despite persistent economic headwinds including rising interest rates, inflationary pressures, and reduced household spending power.
The deal, signed between the Central Bank of Kenya and the National Bank of Rwanda, establishes a framework to streamline licensing procedures for payment service providers seeking to expand across the two markets.
Nigeria has suspended the issuance of petrol import licences for a second consecutive month, signalling a fundamental shift in the country's fuel supply chain as regulators enforce provisions of the Petroleum Industry Act that prioritise local production over foreign imports.
