Equity Group Holdings reported third-quarter 2025 profit after tax up 32% to Kshs 54.1 billion from Kshs 40.9 billion, driven by broader revenue, tighter costs, and a rebound in the Kenya business. Return on average equity reached 26.4% and return on average assets 4.1%. Net interest income rose 16% while nonfunded income grew 3%. The cost-to-income ratio improved to 50.6% from 55.1%. Asset quality metrics held with nonperforming loan coverage at 71.4% and cost of risk at 1.9%.
Equity Bank Kenya posted a profit after tax of Kshs 31.1 billion, up 51%, as net interest income increased 27% to Kshs 53.6 billion and interest expenses fell 34% to Kshs 25.1 billion. Regional units lifted Group scale, with roughly half of deposits, loans...
Kampala Metropolitan Police stepped up intelligence-led crackdowns this week to counter narcotics networks, robberies, and other offenses in high-risk zones. Officers reported three overnight sweeps that netted eight suspects on Oct. 30 in Wamala Kasumba, Karanzi, Kinyarwanda, and Tabba in Nansana Division, then 16 suspects between 12:30 a.m. and 4 a.m. on Oct. 31 in the Thailand, Katogo, and Kago areas of Kinawataka, Nakawa Division. Two coordinated actions in Old Kampala Division led to 48 arrests in Nakulabye and Kisenyi. Police said they recovered suspected drugs and dangerous weapons, and that the suspects will be screened and charged after investigations.
Alongside arrests, officers expanded preventive outreach. A community...
Uganda became the first African nation to receive a 31 million dollar results-based payment from the Green Climate Fund on Thursday after verified emission cuts from forest protection programs. The award was confirmed at the fund’s 43rd board meeting in Songdo, South Korea, held Oct. 27 to 30, 2025. Officials said Uganda reduced more than eight million metric tons of carbon dioxide equivalent in 2016 and 2017 under UN climate standards. The money will support community forestry, ecosystem restoration, and climate-smart agriculture.
The payment falls under the REDD-plus framework, which rewards measurable progress in conserving and expanding forest cover. Uganda’s results stem from work by the Ministry of Water and Environment, FAO...
The Democratic Republic of Congo suspended the political party Piste pour l’Émergence, led by Seth Kikuni Masudi, over alleged ties to the M23 and its AFC coalition. A decree dated Oct. 28, 2025, signed by Interior Vice Prime Minister Jacques Nanga, cited Kikuni’s attendance at an Oct. 14 to 15 conclave in Nairobi chaired by former president Joseph Kabila. Authorities say the gathering sought to mobilize political and military figures aligned with the rebellion, accused of aggression in eastern Congo. The order takes immediate effect and bars the party from political, financial, and public activity pending judicial proceedings.
Officials referenced Article 6 of the Constitution and the March 15, 2004, law on political parties, saying...
Uganda’s High Court in Kampala refused an interim injunction sought by the National Unity Platform to stop a government directive that bars it from quarterly public funding. Justice Collins Acellam ruled there was no basis to preserve a status quo because the Electoral Commission had already sent the July to September 2025 funds to parties in the Inter-Party Organisation for Dialogue under an order by Justice Minister Norbert Mao dated Aug. 25, 2025.
NUP argued the move is unconstitutional and discriminatory and said the cut would cripple party operations, but the Attorney General’s office said the directive rests on amendments to the Political Parties and Organisations Act passed in May 2025 and signed on June 15. The court said...
Pressure on Andrew Mountbatten Windsor increased after King Charles removed his prince title on Thursday, as several Democratic members of the House Oversight Committee urged him to testify in the Jeffrey Epstein inquiry. The Republican-led panel has not signaled support, but lawmakers said he should appear voluntarily and could face a subpoena if he enters the United States. They said the aim is to secure a full account for survivors. Andrew has denied wrongdoing.
Accusers Liz Stein and Anouska De Georgiou called for his cooperation, and UK trade minister Chris Bryant said he should travel to the United States to answer questions if invited. Britain’s police watchdog asked the Metropolitan Police whether further review is needed after...
President Netumbo Nandi-Ndaitwah plans to appoint three task forces within the next week to address economic recovery, health, and housing. She announced the plan on Saturday at the Helao Nafidi Business Expo in the Ohangwena region, saying the move follows the recent Namibia Public-Private Forum.
She said the goal is to make the environment more welcoming for private investment in national development. The government will adjust policies to enable business activity, while companies are expected to align with priority areas for social and economic progress. The forum will shift to an annual event to give the public and private sectors a regular platform to coordinate roles in nation-building, economic advancement, and inclusive growth...
President Netumbo Nandi-Ndaitwah warned that rising disputes between local authorities and residents are slowing service delivery and weakening public trust. Speaking Saturday at the opening of the 18th Helao Nafidi Business Expo in the Ohangwena region, she urged honest, urgent cooperation and said dialogue should guide problem-solving that affects local development.
Nandi-Ndaitwah highlighted Helao Nafidi’s role as a gateway to Angola and said the expo helps build cross-border trade and regional ties through the movement of people, goods, services, and knowledge. She called for better relations along all of Namibia’s borders and asked citizens to back that goal through words and actions. The president emphasized support for...
President Netumbo Nandi-Ndaitwah appointed Ambassador Bonny Haufiku as chief of protocol at State House, effective Nov. 1. The Presidency said Haufiku brings more than two decades of diplomatic service and experience in international relations, bilateral cooperation and multilateral engagement.
Haufiku has served Namibia in several roles within the Ministry of International Relations and Cooperation and at missions abroad. As chief of protocol, he will advise the president and the Presidency on protocol matters and oversee diplomatic etiquette and coordination for official engagements, state visits and international events. The appointment signals a push to strengthen Namibia’s diplomatic presence and uphold a reputation for...
