Economy
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Understanding Kenya’s New Loan Pricing Model Rolled Out by CBK
Kenya’s lending environment is entering a new phase following the Central Bank of Kenya’s rollout of a revised loan pricing framework. The new system changes how banks calculate interest rates, how borrowers are assessed, and how the total cost of credit is disclosed. Yhe changes are technical, but their effects will be felt across households,…
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Kenya Power Shifts to Digital-Only Systems for New Connection
Kenya Power has officially stopped accepting manual electricity connection applications as it transitions fully to a digital system designed to accelerate service delivery, boost transparency, and enhance customer experience. Under the new directive, all individuals and businesses seeking new electricity connections must apply exclusively through the company’s online portal at https://selfservice.kplc.co.ke/public/, accessible via both computers…
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Kenya Major Banks Announce Rollout of New Risk-Based Credit Pricing Framework
Three of Kenya’s largest lenders Co-operative Bank, Equity Bank, and Standard Chartered have issued public notices announcing their transition to the Central Bank of Kenya’s (CBK) revised Risk-Based Credit Pricing Model. The shift, which begins on 1 December 2025, will change how variable-rate Kenya Shilling loans are priced, with all existing facilities expected to transition…
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Proparco Invests in BasiGo to Boost Electric Bus Adoption
Proparco has completed an investment in BasiGo, a Nairobi-based e-mobility start-up spearheading the transition to electric public transport in Kenya and Rwanda. The funding is expected to accelerate the rollout of electric buses and support the company’s expansion across the region. BasiGo is emerging as a leader in electric bus mobility in Africa, with more…
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FSD Africa Unveils $30m Fund to Boost Africa Insurtech
FSD Africa has announced a new $25–30 million Inclusive Insurtech Investment Fund (3iF), unveiled during the BimaLab Africa Insurtech Summit held on 26–27 November in Nairobi. The pan-African venture capital fund will target early-stage insurtech startups advancing insurance access, affordability and innovation especially in climate resilience, health, and financial inclusion for underserved populations. The Fund…
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NCBA Shakes Up Board as Muhoho Kenyatta Makes Big Return
NCBA Group PLC has announced the appointment of veteran business executive Muhoho Kenyatta as a Non-Executive Director, effective 1st December 2025, strengthening the lender’s board. In a public notice issued by Group Managing Director John Gachora, the board said it was “pleased to announce the appointment of Mr. Muhoho Kenyatta as a Non-Executive Director.” According…
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Sanlam Kenya Rebrands to SanlamAllianz, Targets Top Three Rank
Sanlam Kenya has officially rebranded to SanlamAllianz Kenya as the listed financial services firm positions itself for accelerated growth and a top-three ranking in Kenya’s insurance industry. The name change to Sanlam Allianz Holdings (Kenya) PLC, now trading as SanlamAllianz Kenya, follows the recent joint venture between South Africa’s Sanlam and global insurer Allianz creating…
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Kalahari Cement Buys 27 Percent EAPC Stake in Sh 1.6B Deal
Kalahari Cement has signed a Sh 1.6 billion share purchase agreement (SPA) to acquire a further 27 equity stake in the East African Portland Cement Plc (EAPC) from the National Social Security Fund (NSSF). In a public notice, the company confirmed it would acquire 24.3 million ordinary shares at Sh 66 per share, subject to…
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KRA Gives Fuel Stations December 31 Deadline to Comply with eTIMS or Face Penalties
The Kenya Revenue Authority (KRA) has issued a fresh reminder to all petroleum product retailers to fully implement the Electronic Tax Invoice Management System (eTIMS) for fuel stations ahead of the December 31, 2025 enforcement deadline. In a public notice dated November 25, 2025, the tax agency emphasized that all fuel outlets were required to…
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Absa Bank Announces Shift to New Risk-Based Loan Pricing Model
Absa Bank Kenya has announced plans to transition all its loan products to a new Central Bank–mandated Risk-Based Credit Pricing Model (RBCPM), beginning December 1, 2025. The move aligns the lender with guidelines issued by the Central Bank of Kenya (CBK) aimed at standardizing how banks price credit according to customer risk profiles. Under the…
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Paramount Bank Hits Regulatory Milestone as Capital Rises to Sh3.1bn
Paramount Bank has crossed the Central Bank of Kenya’s (CBK) minimum core capital requirement of Sh3 billion, achieving a major regulatory milestone more than a month before the December 2025 deadline. The lender disclosed that its core capital reached Sh3.118 billion as of September 2025, a significant boost driven by a successful rights issue that…
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Kenya Approves Sh895.5 bn South Lokichar Oil Plan, First Oil Set for 2026
The government of Kenya approved the South Lokichar Basin Field Development Plan (FDP), the first petroleum project in the country to advance from exploration to full development and commercial production. President William Ruto, who signed instruments for the plan’s submission to Parliament for ratification, termed the approval a historic moment that signals Kenya’s shift toward…
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Kenya’s Sh12 Trillion Debt Puts Economy at Risk, World Bank Report Shows
Kenya’s fiscal space is tightening rapidly as high public debt and weak revenue collection push the country toward a critical economic turning point, the World Bank warns in its latest assessment. The findings are published in the Bank’s Country Focus Report, released Monday in Nairobi as part of the 32nd Kenya Economic Update. According to…
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Meet the Founder Driving Prime Brick Developers Growth
When Nordin Mohamed Ibrahim was still in university, he got a chance to work at a real estate company. One day, he met a group of friends in the same industry over a casual coffee. What began as a simple conversation turned into the foundation of one of Nairobi’s fastest growing real estate companies. “Each…
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Kenya Power Launches Automated Meter Reading in Major Digital Shift
Kenya Power has started nationwide deployment of an automated meter-reading system, marking one of its most significant steps yet in digitising customer billing and reducing persistent complaints over inaccurate invoices. The technology, based on Optical Character Recognition (OCR), allows field teams to scan meter displays using handheld devices instead of typing readings manually. The utility…
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Major Shift: KCB Moves to CBK’s Tough New Loan Model
Kenya Commercial Bank (KCB) has announced it will implement the Central Bank of Kenya’s (CBK) newly issued Revised Risk-Based Credit Pricing Model (RBCPM), with the transition set to begin on December 1, 2025. The bank issued a public notice informing customers that all new local currency variable-rate loans taken from that date will be priced…
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Choice Hotels Announces Major Expansion Into Kenya by 2026
Choice Hotels International has announced entry into the African market, unveiling plans to open three franchised hotels in Kenya by early 2026. The company’s global expansion ambitions is supported by a newly signed master development agreement that could see at least 15 more properties launched across sub-Saharan and southern Africa by 2030. The Kenyan portfolio…
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CA Denies Ordering Biometric Data Collection in New SIM Registration Rules
The Communications Authority of Kenya (CA) has dismissed public concerns that new SIM card registration regulations require the collection of biometric data, insisting that no such directive has been issued to mobile operators. In a press statement, the regulator said recent commentary suggesting mandatory biometric capture was unfounded,adding that the revised rules published in May…
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Kakuzi Directed to Surrender 3,200 Acres as NLC Issues Binding Settlement Orders
Kakuzi PLC has been ordered to surrender 3,200 acres of its land after the National Land Commission (NLC) issued binding directives aimed at resolving long-standing historical land injustice claims involving communities around the company’s estates. In a notice to shareholders and the public, the company said the NLC had completed its investigative hearing and issued…
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CBK, CMA Announce Commencement of Virtual Assets Service Providers Act, 2025
The Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) have announced the official commencement of the Virtual Assets Service Providers (VASP) Act, 2025. The Act gazetted on October 21, 2025 came into effect on November 4, 2025, and establishes a legislative and supervisory framework for Virtual Asset Service Providers, including measures to…
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