The The Africa Report article on Equity Group Holdings’s Africa strategy: —Targeting entry into Angola via a majority acquisition in a Luanda-based bank by 2026, leveraging recapitalisation-driven consolidation to access the market. —Maintaining a pipeline in Ethiopia, though ownership caps, elevated capital thresholds and regulatory friction continue to delay entry, reinforcing a pivot toward M&A-led expansion across the continent.

We’ve received requests for an explainer ,here, it is below 👇🏼 KENYA RAISES USD 1.5 BILLION (Sh193.5 BILLION) AT LOWER COST AND PAYS OLD DEBT EARLY. The Government has successfully raised USD 1.5 billion (Sh193.5 billion) from international investors and at the same time tendered to pay off the outstanding USD 1 billion of the 2028 Eurobond ahead of schedule. This is the third such transaction since 2024, and it shows the Government’s firm commitment to managing debt more wisely, paying off loans on time, and protecting Kenyans from sudden repayment shocks. The money was raised in two parts: A 7-year bond of USD 750 million at 7.875%, and A 12-year bond of USD 750 million at 8.8%, together giving Kenya a better rate of 8.7%, which is 1% lower than what the country would have paid at the start of the year. By securing this deal, the Government has also smoothened and lengthened debt repayments, giving Kenya more breathing space in managing its finances. The response from investors was very strong. The Government asked for USD 1.5 billion, but investors offered more than USD 7.5 billion five times the amount needed. Most of this support came from trusted international fund managers in the United States America and the United Kingdom, showing that the world has renewed confidence in Kenya’s economy. This success means Kenya will spend less on interest, ease pressure on taxpayers, and keep the economy stable while creating room to fund development priorities such as roads, health, and education.

Ethiopia, a hydropower giant, and Kenya, a leader in geothermal generation, are racing for dominance in East Africa’s energy supply. ➡️ l.theafricareport.com/1Qd Both nations are ramping up investment in nuclear power — a diversification that is likely to strengthen Asia’s influence in the region. Read more in @HeraldAloo's latest piece for The Africa Report.

Can a fertiliser mega-project and a Chinese-built refinery shift Ethiopia’s energy and industry from import dependence to self-supply? ➡️ l.theafricareport.com/E1X Report by @michaelmasrie.

Competition for hydropower generation in East Africa is gradually unfolding as Kenya revives its plans to build a 700MW power station ➡️ l.theafricareport.com/p6c at High Grand Falls Dam in Tana River – the third-largest in the region after Ethiopia and Tanzania. Report by @HeraldAloo.