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Top Twitter Users Lose Followers After Policy Change

Special Correspondent - July 13, 2018

Twitter Inc policy change to increase the service’s credibility cost its 100 most popular users about 2 per cent of their followers, on average,...

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The increase in the operating income was more than the rise in operating expenses to Sh1.07 billion from Sh905. 2 million, helping HF to more than double its profit in the period where the sector’s earnings slowed. The performance defied an environment of falling interest rates on loans in line with sustained decline in Central Bank Rate. Returns on government paper have also been falling even as foreign exchange income also softened on the back of reduced volatility on the shillings’ exchange rate. HF booked an 87.6 percent rise in income from securities to Sh595.97 million from Sh317.9 million while income from loans and advances grew to Sh1.18 billion from Sh1.16 billion. Operating expenses were driven by a rise in staff costs to Sh511.22 million from Sh437.21 million, even as the provisioning for loan losses eased to Sh110.43 million from Sh109.1 million. HF’s total deposits rose by 16 percent to Sh50.11 billion from Sh43.75 billion, which the lender attributed to increased market confidence after the recent rights issue. The balance sheet grew by 18 percent to Sh73.4 billion.

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Sidian Bank Board Chair James Macharia said Thumbi leaves behind a strong legacy, having led a major transformation of the lender. “Mr. Thumbi has had a distinguished banking career spanning over three decades. During his tenure at Sidian Bank, he led a significant transformation of the business, including significantly growing the Bank’s Trade Finance portfolio, increasing the branch network to fifty branches and expanding digital banking and foreign exchange income streams,” Macharia said. He added that the bank strengthened its operations, improved customer experience, and achieved strong growth under Thumbi, culminating in its elevation to a Tier II bank in September 2025. In the year ended December 31, 2025, Sidian Bank posted a 502 percent jump in net profit to Sh1.73 billion. The growth was driven by higher interest and non-interest income, with net interest income rising by 54.4 percent to Sh4.4 billion, while non-interest income surged by nearly 129 percent to Sh3.8 billion.

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Afrobarometer (www.Afrobarometer.org) is urging private-sector leaders and investors across Africa to integrate public attitude data into their decision making, as citizen perspectives are essential to building resilient, competitive, and future-ready enterprises. This call came through strongly as Afrobarometer engaged business leaders, investors, policy makers, regulators, and innovators at the CEO Conclave and Investors Forum 2026 in Nairobi, Kenya. The forum, convened by the Africa Asia Middle East Chamber of Commerce (AAMECC), brought together about 100 leaders from across the business ecosystem to explore opportunities for investment, innovation, and cross-border partnerships. At the event, Afrobarometer presented data on economic and social conditions tailored for private-sector stakeholders and highlighted the role of citizens’ lived experiences and perceptions in shaping consumer behaviour, investment climates, and business performance. “The environments in which you operate are shaped by the expectations, frustrations, resilience, and aspirations of people,” said Felix Biga, chief operations officer for Afrobarometer. “Citizen experiences and perceptions of economic conditions, trust in institutions, access to services, and lived realities all influence market behaviour, investment climates, and ultimately business success.” Participants echoed the value of integrating citizen-centred data into business planning. “As Africa emerges as a significant frontier for economic growth, those who lead will be organisations prioritising insights derived from robust data, particularly citizen-centred data,” said Peter Mutinda, president of AAMECC. “What is most important to me in business, especially when working with African partners, is starting with data, then building connections and cooperation, and only then moving into the details and country-specific specialisations,” said Pawel Zarzecki, an export manager at Bart, a health-focused manufacturer. Eve Mischeki from the Women in Business network also underscored the relevance of the findings presented by Afrobarometer. “As a woman in business, I see strong synergy with Afrobarometer’s data, particularly in the key priorities it highlights, which closely reflect the realities we navigate,” she said. This engagement forms part of Afrobarometer’s broader effort to deepen collaboration with business leaders through a series of targeted dialogues aimed at increasing awareness of its data and co-creating solutions that respond to both business and societal priorities.

Public attitude data are key to building resilient, competitive businesses, Afrobarometer...

April 14, 2026

PAC Capital Limited (www.PACCapitalLtd.com) has been recognised with four prestigious continental awards by the International Business Magazine, further cementing its position as a leading force in investment banking and transaction advisory across Africa. At the 2026 awards, the firm emerged as: Excellence in Cross-Border Transactions Africa 2026 Best Investment Banking Firm Africa 2026 Best Deal Structuring & Advisory Firm Africa 2026 Financial Advisory Firm of the Year Africa 2026 These recognitions come on the heels of the firm’s 2025 honour as Best Transaction Advisory Firm Nigeria, underscoring a consistent trajectory of excellence, innovation, and strong execution across both domestic and cross-border mandates. Over the years, PAC Capital has built a reputation for structuring and delivering complex, high-value transactions across multiple sectors and jurisdictions. From mergers and acquisitions to capital raising and bespoke financial advisory mandates, the investment banking arm of PAC Holdings continues to demonstrate deep technical expertise, strategic foresight, and an intimate understanding of the African business landscape. Its growing portfolio of cross-border transactions highlights its ability to navigate regulatory environments, manage multi-market stakeholders, and unlock sustainable value for clients operating within and beyond the continent. Commenting on the achievement, Humphrey Oriakhi, Managing Director/CEO, PAC Capital, stated: “We are honoured by this recognition from International Business Magazine. Receiving four continental awards in one year is a strong validation of our borderless capital solutions initiative, strategic direction, execution capability, and the trust our clients place in us. Cross-border transactions in Africa require resilience, precision, and deep market intelligence. Our team remains committed to delivering innovative solutions that enable businesses to scale, expand, and create long-term impact.” Also speaking, Bolarinwa Sanni, Executive Director, PAC Capital, added: “These awards reflect the strength of our advisory model and our deliberate focus on value-driven deal structuring. Every mandate we undertake is approached with rigor, creativity, and a clear understanding of our clients’ long-term objectives. As markets become increasingly interconnected, our role as a trusted transaction partner across Africa becomes even more critical.” With this latest milestone, PAC Capital continues to reinforce its standing as a premier African Investment Banking and Financial Advisory firm—driven by excellence, defined by innovation, and committed to shaping transformative transactions across the continent.

PAC Capital Secures Four Major African Honours at the International Business...

April 13, 2026

The recent Liaison Agreement between the STS Association and the DLMS User Association marks a pivotal step in the evolution of interoperable, secure and future-ready metering systems. By aligning STS token technology with the widely adopted DLMS/COSEM framework, this collaboration is set to bridge the gap between legacy infrastructure and next-generation smart metering. The partnership reflects a shared vision to enhance interoperability, strengthen smart prepayment integration, and unlock greater value across the global metering ecosystem. STS Association, in partnership with ESI Africa (part of VUKA Group), and DLMS User Association, is hosting a free webinar on this topic: Securing the bridge between legacy and smart Thursday, 7 May 2026 | 11:00 AM – 12:00 PM Register: https://apo-opa.co/4cfEUb5 What you will learn Industry experts will unpack how this strategic alignment enables seamless integration between your trusted prepayment systems and advanced data exchange protocols. Attendees will gain insight into: How STS tokens can be securely transported using DLMS/COSEM The role of Generic Companion Profiles in enabling interoperability How coordinated roadmaps will shape the future of token technology and smart metering The expanding application of these standards beyond electricity into water, gas and time metering Practical benefits for utilities, manufacturers and system integrators navigating the transition from legacy to smart environments Introducing the Panel Lance Hawkins-Dady – STSA Board Chairman Franco Pucci – STSA Technical Consultant Don Taylor – STSA Independent Director Sergio Lazzarotto – DLMS User Association, President Join STS Association and ESI Africa to explore how this landmark collaboration is securing the bridge between legacy systems and smart innovation. Discover how aligned standards can simplify integration, enhance security and future-proof your metering strategy. Register now: https://apo-opa.co/4cfEUb5

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Top Twitter Users Lose Followers After Policy Change

MOST POPULAR

Lawyer tries poultry farming and finds it viable

SAMSUNG SOUNDBAR RANKS NO.1 IN GLOBAL SALES FOR 9 CONSECUTIVE YEARS

African Union to Launch the African Single Electricity Market (AfSEM)

HF Q1 profits rise to Kes 327 Mn

HOT NEWS

Marriott International Announces Robust Growth Momentum Across Europe, Middle East &...

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Sidian Bank taps KCB’s John Okulo as its CEO

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Public attitude data are key to building resilient, competitive businesses, Afrobarometer...

PAC Capital Secures Four Major African Honours at the International Business...

Securing the bridge between legacy and smart

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

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