Wananchi Group, the parent company of internet provider Zuku, reported a significant net loss of Sh806 million ($6.2 million) in the first half of 2026.

• The loss from Wananchi contributed to a $44.9 million year-on-year decrease in the parent group’s net profit.
• Despite this, the group's overall revenue increased by 26.5 percent to $980 million, driven by strong performances in Tanzania and Madagascar.
• Intense competition in Kenya's broadband and pay-TV markets is cited as a factor impacting Wananchi's performance.

I&M Group has reported a significant 22.35 percent increase in net profit after tax for the first half of 2026, reaching Sh10.17 billion, primarily driven by stronger income from lending activities.

• I&M Group's net profit surged to Sh10.17 billion, a 22.35 percent increase from the previous year.
• The bank's net interest income grew by 22.52 percent to Sh25.04 billion as its gross loan book expanded by 15 percent to Sh333.81 billion.
• Non-interest income also saw a substantial rise of 24.5 percent to Sh8.66 billion, while gross non-performing loans decreased by 12.39 percent.

Equity Group Holdings has significantly expanded its workforce, hiring 410 new employees in the three months leading up to June 2026.

• The group's total staff count rose to 14,265 in June, up from 13,855 in March.
• Equity Group Holdings, with its operations in the Democratic Republic of Congo (DRC) accounting for more than half of the new hires (253 employees).
• This hiring surge occurs as Equity Group continues to shift a substantial portion of its banking activity to digital channels, with 98.3 percent of transactions now conducted outside branches.