Adenia has acquired a majority stake in Minet Group from Capitalworks, enhancing its investment in financial services linked to Africa's growth. The deal was finalized on June 30 after obtaining regulatory approvals, as stated by the companies involved. Financial details of the transaction were not disclosed. Minet is recognized as one of Africa's largest independent insurance firms.

Zedcrest Securities has introduced stocks trading on the Zedcrest Wealth App, allowing clients to buy and sell shares of over 150 companies listed on the Nigerian Exchange (NGX) via their mobile devices. This launch is part of Zedcrest Group's goal to enhance access to capital markets and improve connectivity in financial services.

The Shah family has gained control of over half of I&M Group through three investment vehicles, amassing Sh66 billion, despite public discussions focusing on Sh17.35 billion in 'paper wealth'. This development was highlighted during the listing of the bank's Medium Term Note, where Capital Markets Authority Director Daniel Warutere and Nairobi Securities Exchange CEO Frank Mwiti were present alongside I&M Group Executive Director Sarit Shah.

Punch's evening recap reports that Nigeria's Federal Government plans to provide qualified indigenous shipowners up to $25 million each through the Cabotage Vessel Financing Fund, a scheme it says could strengthen local shipping and create more than 30,000 direct and indirect jobs. The roundup also says Dangote Industries Limited has begun registration for a proposed initial public offering that would allow drivers, cooks, traders and other ordinary Nigerians to own refinery shares.

Equity Group shareholders have approved a KSh 21.7 billion dividend payout, representing a 35.5% increase from 2024. Additionally, the shareholders authorized the establishment of three new insurance subsidiaries in Kenya and the Democratic Republic of Congo.

On July 2, the Dar es Salaam Stock Exchange (DSE) held the second day of the 13th Building African Financial Markets (BAFM) Forum, focusing on topics such as state-owned enterprise listings, Environmental, Social, and Governance (ESG) criteria, digital transformation, sustainable finance, Exchange-Traded Funds (ETFs), and cross-border market development in Africa. The Tanzanian government announced plans for 4 to 5 new companies to be listed at the DSE.