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East Africa
Kenyatta-backed Kenyan bankers at the forefront of EAC enlargement

Equity Group MD & CEO Dr. James Mwangi signs the purchase agreement with BCDC Majority Shareholder Mr. George Forrest. © Twitter @EquityBCDC

As DR Congo joins EAC, Kenyan lenders such as Equity Bank and KCB Group hope to conquer new markets in a dynamic region. The Kenyan government is fully behind the banks, but some local players are worried about potential competition. [...]

Published on 29.03.2022 at 05:00 GMT Reading time 3 minutes

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Finance, Business

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Bamburi Cement
Banque commerciale du Congo
Banque populaire du Rwanda
Betty Maina
CRDB
East African Community
Equity Bank
Felix Tshisekedi
Investment Promotion Centre
James Mwangi
Jubilee Holding
Julius Kipng'etich
KCB Group
Uhuru Kenyatta
William Ruto

In Focus | DRC, Kenya
Ruto's great expectations frustrated by Kinshasa

Since Félix Tshisekedi came to power in 2019 in the DRC, the Kenyan political class and private sector have been trying to make inroads there. These efforts have been slow to bear fruit, as relations between the two countries remain strained.

Subscribers only Business, Diplomacy 27.11.2023

Kenyan president William Ruto, Equity Bank CEO James Mwangi and Congolese Head of State Félix Tshisekedi.

Kenya
KCB Bank looks to bounce back after painful change of leadership

Kenya's largest bank in terms of financial assets is hoping for a new lease of life following the departure of its CEO. But the issue of annual bonuses has caused ructions in-house, where there is much debate about the difficulties being experienced by KCB internationally.

Subscribers only Finance 30.06.2022

Spotlight | East Africa
Congolese peace talks at Nairobi's Safari Park Hotel inch forward

President Kenyatta and the Congolese government hope that bringing talks on the stability of eastern DR Congo to Nairobi will give new impetus to the peace negotiations. But the absence of some of the warring parties limits their scope.

Subscribers only Politics 04.05.2022

Félix Tshisekedi and Uhuru Kenyatta exchanged by videoconference with the representatives of the armed groups on April 27, 2022.

Kenya
Kenyatta weakens his coalition with latest diplomatic appointments

The Kenyatta-Odinga duo's closest allies blame the president for being too exclusive in his latest selection of ambassadors and high-level diplomats. Most of the newly appointed come from within the Orange Democratic Movement or Jubilee Party.

Subscribers only Diplomacy 27.04.2022

Kenya
Departures of Kenyatta advisers spark internal battle at the presidential palace

Two rival camps of the President's close aides are vying for the vacant seats held by advisers who have left to campaign. The one left by Uhuru Kenyatta's chief of staff, Nzioka Waita, is generating a lot of interest.

Subscribers only Politics 18.04.2022

Nzioka Waita, former chief of staff to Kenyan President Uhuru Kenyatta.

Ethiopia, Kenya
Kenyatta and Abiy's relations soured by Ethiopian businessman's kidnapping

Kenya has refused to allow Ethiopian and international investigators to travel to Nairobi to investigate the abduction of a Tigrayan businessman. This further complicates relations between the two countries that were already damaged by the conflict in Tigray.

Subscribers only Diplomacy 05.04.2022

Kenya
Departing Kenyatta kick-starts state firm sell-offs

The Treasury has chosen a team of six people to steer the sensitive and neglected task of privatising public enterprises, particularly in the sugar sector, which is set to be a hot topic for whoever heads the next administration.

Subscribers only Business 01.04.2022

Spotlight | East Africa
Raila Odinga aiming to become Horn of Africa's peace champion

Back in Kenya after a week in the UK, presidential candidate Raila Odinga has been giving attention to his foreign policy credentials. To attract the favours of the West, he has highlighted Kenya's role as a peacemaker in the Horn of Africa, a region riven by civil wars and political crises.

Subscribers only Diplomacy 23.03.2022

Kenyan presidential candidate Raila Odinga in the UK on 15 March 2022, here with UK Defence Secretary James Heappey (left).

Spotlight | Kenya
Kenyatta's business friends muscle in on Odinga's campaign

Delighted to secure the valuable political and financial backing of the magnates of the Mount Kenya Foundation, Raila Odinga has ceded decision-making powers to them, but this has not gone down well with his campaign team.

Subscribers only Politics, Business 14.10.2021

Kenyan presidential candidate Raila Odinga.

In Focus | Kenya
Kenyatta wants to be crowned African single market champion before he leaves office

With just a year to go to the end of his term, Kenyan president Uhuru Kenyatta is worrying about the legacy he will leave behind him. Well away from the battles being fought over his succession, the Kenyan president is working to build a legend around himself as the father of African free trade.

Subscribers only Diplomacy 03.05.2021

Kenya, Rwanda, Uganda
Co-operative Bank targets Kigali and Kampala

The Kenyan banking sector giant, the Co-operative Bank, is counting on the assistance of neighbouring presidents Yoweri Museveni and Paul Kagame to revive its plans for regional expansion and become one of the small circle of Kenyan banks operating abroad.

Subscribers only Finance, Business 17.12.2020

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Bamburi Cement
Banque commerciale du Congo
Banque populaire du Rwanda
Betty Maina
CRDB
East African Community
Equity Bank
Felix Tshisekedi
Investment Promotion Centre
James Mwangi
Jubilee Holding
Julius Kipng'etich
KCB Group
Uhuru Kenyatta
William Ruto

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