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.

Dan Aibangbe examines how United Capital's expansion is influencing investment banking in various African markets, highlighting its impact on regional growth in this sector. The analysis focuses on the company's strategic moves and their implications for investment banking across the continent.

M-KOPA Uganda has unlocked over Shs1 trillion in cumulative credit for more than one million customers since its inception in 2013. This milestone highlights the company's efforts to enhance access to smartphones and digital financial services for Ugandans who are typically excluded from traditional banking systems. The announcement also includes the launch of new upgrade benefits for customers.

According to the IMF's latest Regional Economic Outlook, Uganda is projected to be one of the fastest-growing economies globally over the next two years, despite a challenging environment for sub-Saharan Africa due to external shocks. The report highlights that while the region faces higher energy costs and tighter financial conditions, Uganda's growth is expected to accelerate significantly, driven by its oil sector.

GenAfrica Asset Managers is celebrating its 30-year anniversary while focusing on expanding its operations in Africa. The firm aims to leverage emerging investment opportunities driven by innovation to enhance its portfolio. Currently, GenAfrica manages assets for over 110 clients across the region and is looking to strengthen its market position, managing assets exceeding a significant amount.

In April, Uganda's private sector showed increased activity, with the headline purchasing managers' index rising to 55, its highest in five months, according to the Bank of Uganda's business tendency survey. Financial services experienced their strongest growth ever, indicating strong confidence in the sector, despite ongoing fuel-driven cost pressures. However, the survey also suggested that the underlying momentum may be losing some of its earlier strength.