Herald Aloo

Africa’s private capital landscape is moving away from the growth-at-all costs era of massive venture rounds toward a more disciplined, diversified ecosystem.

Managing director Mary-Ann Musangi, has signalled a potential equity sale of the Kenyan FMCG manufacturer or a stock market listing by 2030.

African governments are gambling with their fiscal stability by slashing fuel levies to blunt a global petroleum price surge at the pumps.

Equity Group is consolidating its mobile money, fintech and data operations into a standalone entity led by a high-calibre team of veterans from Google, Visa and Safaricom to unlock the growth potential of its digital ecosystem.

From South Africa’s $1m tax sacrifice to Ethiopia’s total price coverage (at $127m per month), African leaders are deploying risky fiscal cushions to prevent fuel-induced inflation from sparking social unrest.

Kenya is betting on a $3bn private-led expansion of its primary hub to defend its regional status, despite fierce competition from Ethiopia’s mega-airport ambitions and investor jitters over a lack of state guarantees.

Forced to abandon its local-currency pivot due to tight banking liquidity, Safaricom is navigating a volatile path toward a 2027 break-even target.

CEO James Mwangi tells The Africa Report that the group’s mass-market, financial-inclusion model ‘has been tested and repeated’ and can replicate its East African success.

Kenya’s controversial government-to-government fuel agreement faces mounting pressure as Middle East supply disruptions and domestic opposition challenge its long-term viability.

Shifting away from the IMF, Kenya plans to fund nearly 90% of its record KSh1.146trn budget deficit through massive domestic borrowing, risking private-sector crowding and hiding debt through complex securitisation deals.