Jeff Mburu
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Airtel Africa Foundation Pledges to Impact 10 Million Lives by 2030
Airtel Africa Foundation has launched a new strategy to directly improve the lives of 10 million people across the continent by 2030, focusing on financial empowerment, education, environmental protection and digital inclusion. The Foundation says its mission will be driven by flagship projects such as Connecting Schools, which provides free internet access and devices and…
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Employee Wellness Success Earns Absa Interbank Games Spotlight
As the workplace becomes more dynamic and complex, employee wellness has become crucial for sustained company success. McKinsey estimates that improving employee health and well-being could raise global GDP by 412 percent in middle- and high-income economies, a signal that this is not just an HR issue, but an economic one. At Absa, employee wellness…
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Kenya Gets $25M Boost to Study Aging and Health Challenges
A study aimed at understanding the health and socio-economic implications of population aging in Africa has secured a USD 25 million (Sh3.2 billion) grant from the U.S. National Institutes of Health (NIH). The Longitudinal Study of Health and Aging in Kenya (LOSHAK) is a joint initiative between Aga Khan University’s (AKU) Medical College, East Africa,…
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SGA Security Partners with ETA to Introduce EVs into its Operations
SGA Security Kenya has partnered with Electric Transits Africa to introduce Electric Vehicles (EVs) to its Security Alarm Response fleet. The newly acquired Electric Vehicles will support SGA’s rapid alarm response services while contributing to a measurable reduction in the company’s carbon emissions. “We are proud to be the first security firm in Kenya to…
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BAT Kenya Doubles Dividend, Lures Income-Hungry Investors
British American Tobacco (BAT) Kenya has doubled its interim dividend to Sh10 per share on the strength of enhanced half-year results, after recording Sh4.3 billion. The dividend, up from Sh5 per share in the same period last year, offering shareholders consistent returns and banking on operational efficiency amid a challenging market. The company recorded post-tax…
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Emirates and Crypto.com Partner to Integrate Cryptocurrency Payments
Emirates has signed a Memorandum of Understanding (MoU) with Crypto.com to explore integrating Crypto.com Pay into its payment systems, aiming for implementation next year. This collaboration will prioritize maintaining the highest security and compliance standards. The agreement was signed by Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer, and Mohammed Al Hakim, President of…
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WoSA Deepens South African Wine Market Presence in Kenya
Wines of South Africa (WoSA) is expanding its market reach in Kenya following a wine tasting event in Nairobi. The event, including masterclasses, varietal tasting pods, and paired wine dinners, was all part of WoSA’s total strategy to expand the footprint of South African wines in East Africa. Matome Mbatha, WOSA Africa Market Manager said…
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Safaricom Wins Three Prestigious Awards. Here is Why
Safaricom has been recognized with three prestigious awards across gender inclusion, financial innovation, and e-commerce, reaffirming its leadership in fostering meaningful change for customers and communities. The National Gender and Equality Commission (NGEC) honored Safaricom’s Board of Directors at the USAWA Awards, recognizing their advancement of gender-balanced leadership through the inclusion of five women in…
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CBK Unveils Customer Experience Survey on TCC Website
The Central Bank of Kenya (CBK) in partnership with Kenya Bankers Association (KBA) has launched a countrywide survey to gauge customer experience on the Total Cost of Credit (TCC) website, which was developed in June 2017. The survey aims to assess its usability, identify areas of improvement, and enhance its role in promoting financial literacy…
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CFAO And Almasi in Deal to Finance Commercial Vehicles
CFAO Mobility Kenya and Almasi Financial Services Limited have partnered to offer customers 90 percent financing for commercial vehicle purchases, payable over 60 months at convenient rates. The strategic agreement is expected to boost the transport and logistics sector by providing entrepreneurs with affordable access to heavy commercial trucks, through a Sharia-compliant finance partner. READ…
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CBK Extends KEPSS Hours to Boost Efficiency in Digital Payments
The Central Bank of Kenya (CBK) has announced a significant extension of operating hours for the Kenya Electronic Payment and Settlement System (KEPSS), its national Real Time Gross Settlement (RTGS) system, a move set to enhance the efficiency of financial transactions across the country starting July 1, 2025. READ CBK Lowers CBR Citing Currency Stability,…
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Access Bank Completes Takeover of Standard Chartered
Access Bank Plc has officially completed its acquisition of Standard Chartered Bank Gambia, ending the British lender’s 130-year presence in the country. READ NCBA Partners With Crown Motors to Ease Purchase of Nissan Navara The transition was approved by the Central Bank of Gambia on Friday, June 13, 2025. It involved a complete transfer of…
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Moniepoint Inc. to Acquire 78 Pc stake in Sumac Microfinance Bank
Moniepoint Inc. Lagos-based private limited liability company is set to acquire a 78 percent shareholding in Sumac Micro-finance bank Limited. The acquisition has received unconditional approval from the Competition Authority of Kenya (CAK), which concluded the deal is unlikely to harm market competition or public interest within the country’s microfinance banking sector. READ: ARC Ride…
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Access Bank Finalizes NBK Takeover, Eyes Regional Growth
Access Bank Plc has completed its acquisition of National Bank of Kenya (NBK) from KCB Group Plc.The agreement, announced in March 2024, closed on May 30, 2025,following approvals from the Competition Authority of Kenya (CAK), and Central Bank of Kenya (CBK). “This follows the receipt of all regulatory approvals customary for a transaction of this…
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TransCentury PLC posts Sh580M after tax profit in FY2024
TransCentury PLC, the infrastructure investment company listed on the Nairobi Securities Exchange, has announced its audited financial results reporting a Sh580 million profit after tax for the year ended December 31, 2024. The results comes after the company posted a Sh3.2 billion loss in the previous year, signaling a successful revitalization of its operations. This…
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HF Group Doubles Q1 Profit to Sh337m – What’s Driving the Surge?
HF Group, a local financial solutions provider, has posted an impressive 112 percent year-on-year growth in Q1 2025 Profit Before Tax (PBT) reaching Sh337 million, up from Sh159 million in Q1 2024. The Group’s total income rose by 33 percent to Sh1.41 billion, up from Sh1.06 billion in the same period last year. This growth…
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Valour, GulfCap Partner to Cross-List Digital ETPs on NSE
Canadian firm Valour Inc. has partnered with GulfCap Investment Bank to cross-list its Exchange Traded Products on the Nairobi Securities Exchange. The Capital Markets Authority is expected to approve the cross-listing, allowing Valour’s ETPs to be traded in Kenya Shillings on the NSE. This will provide investors in East Africa exposure to leading digital assets…
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Absa Bank Kenya officially launches its custody business in Kenya
Absa Bank Kenya PLC has officially launched its custody services business in Kenya, further strengthening its corporate business offering to clients in the region. The Absa custody business will offer safekeeping and servicing of assets, settlement of instructions for both local and cross-border investments, compliance and statutory reporting, track and execute corporate actions, portfolio reconciliations…
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Stanbic Bank Announces Profits After Tax for Q1 2025
Stanbic Bank has announced a profit after tax of Sh3.3 Billion for the first quarter ending March, 31st 2025. The Bank has attributed the Q1 performance to a shift in year-on-year macroeconomic dynamics and base effects which have temporarily impacted growth momentum. The bank said that the Net interest income grew by 5 percent on…
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