Business Daily Africa

18 hours ago | businessdailyafrica.com | Charles Mwaniki

Listed marketing firm WPP ScanGroup was on Wednesday forced to issue a cautionary notice to investors after its former staff snatched its top client, Airtel Africa, in a shift that could derail the turnaround of the firm. The firm, in a public notice, said its subsidiary, Ogilvy Africa, had parted ways with Airtel Africa after 15 years of acting as the marketing and advertising agency of the telecoms operator across the continent.

1 day ago | businessdailyafrica.com | Charles Mwaniki

Pension funds that carry a higher exposure to equities and offshore assets saw their returns in the first quarter of the year trail their fixed income-oriented peers by 2.4 percentage points after the sharp rise in bond prices rewarded those holding the securities. Analysis by fund administrator Zamara shows that in the period, the average return from fixed income assets stood at 7.9 percent, with equities at 4.8 percent and offshore assets at negative 5.3 percent.

1 day ago | businessdailyafrica.com | David J. Abbott

“A large eye does not mean keen vision” goes a Rwandan proverb. Is the idea of the rational manager a myth? Do we see the business problem not as it is, but as we are? Just as the menu item is not the meal, how does one assess a system’s behaviour? How does applying the ancient idea of yin and yang help managers to become more effective? “We are not only irrational, but predictably irrational ... that our irrationality happens the same way, again and again.

1 day ago | businessdailyafrica.com | Victor Juma

NCBA Group directors, including chairman James Ndegwa, acquired an additional 8.09 million shares with a current market value of Sh404.9 million, raising their stakes in the Nairobi Securities Exchange-listed lender. The company’s latest annual report shows that Desterio Oyatsi raised his holdings the most by 5.5 million shares in the year ended December 2024 to reach 21.7 million shares in the period.

2 days ago | businessdailyafrica.com | Constant Munda

Contractors in the building and construction sector defaulted on more than a third of loans they took to undertake projects, underlining the impact of stalled government projects on banks. Data from the Central Bank of Kenya shows Sh52.1 billion out of a Sh140 billion loan book for the sector was non-performing at the close of 2024.