Kenya Treasury Seeks Consultant to Modernise SACCO Risk-Based Supervision Rules
Kenya’s National Treasury and Economic Planning has invited applications from individual consultants to support the review and strengthening of the country’s risk-based supervision framework for Savings and Credit Cooperative Organisations (SACCOs) under the World Bank-backed Supporting Access to Finance & Enterprise Recovery (SAFER) Project. The five-month consultancy assignment will focus on assessing existing SACCO supervisory […]
APO Group Wins SABRE Gold and Further International Awards in the First Half of 2026
APO Group, the communications consultancy built for performance across Africa, has been recognised with five international industry awards in the first half of 2026, headlined by a Gold award at the Africa SABRE Awards, one of the most rigorously judged standards in global public relations. The Gold SABRE was awarded for APO Group’s campaign for […]
Absa Debuts Smart ID-Enabled Mobile Branch in Major Digital Services Push
Absa has partnered with South Africa’s Department of Home Affairs (DHA) to launch the country’s first Smart ID-enabled Mobile Branch. The mobile branch, officially unveiled at the Mall of Thembisa, allows customers to apply for a Smart ID card, complete biometric enrolment, and collect their Smart ID cards within a secure banking environment without visiting […]
Chuka High Court Confirms Deposit-Taking Microfinance Banks Subject to In Duplum Rule
The High Court in Chuka has dismissed an appeal by Faulu Microfinance Bank, affirming that the in duplum rule under Section 44A of the Banking Act applies to deposit-taking microfinance banks. The appeal arose from a dispute over a loan advanced by Faulu Microfinance Bank to borrower Kenneth Mutegi Kilonzo in August 2019. According to […]
Bank of Tanzania Prepares New Cryptocurrency Rules to Oversee Digital Asset Market
The Bank of Tanzania (BoT) is preparing to introduce a comprehensive legal and regulatory framework for cryptocurrencies, stablecoins and other virtual assets, marking a significant policy shift from its previous anti-cryptocurrency stance toward a regulated digital asset ecosystem. Bank of Tanzania Governor Emmanuel Tutuba confirmed that the central bank has completed the foundational study for […]
KCB and KDF Launch Mortgage Scheme to Boost Home Ownership for the Military
KCB in collaboration with the Kenya Defence Forces (KDF) have joined hands to launch a dedicated mortgage scheme designed to make home ownership more accessible and affordable for military personnel. Working closely with the Ministry of Lands, Public Works, Housing and Urban Development as well as the Affordable Housing Board, the move will bring members […]
SBM Bancassurance Recognized by Old Mutual for Rapid Growth in Kenya’s Insurance Market
SBM Bancassurance Intermediary Limited received the Emerging Partner Award from Old Mutual Group during the 4th Annual Bancassurance Association of Kenya (BAK) Conference. The award recognizes SBM Bancassurance’s progress in integrating banking and insurance services while strengthening access to insurance solutions for individuals and businesses. It also reflects the growing importance of bancassurance in Kenya’s […]
KCB CEO Paul Russo Challenges Banks to Rethink Credit Risk Management in Digital Era
KCB Group CEO and Kenya Bankers Association (KBA) Chairman Paul Russo has challenged banks across East Africa to move beyond traditional risk avoidance and embrace technology, artificial intelligence (AI), alternative data and collaboration to expand access to finance. Speaking at the 23rd East African Banking School (EABS) Conference held in Diani, Kwale County, Paul Russo […]
Former CBK Governor Njuguna Ndung’u Recalls IMF Clash That Shaped Kenya’s Modern Monetary Policy
Former Central Bank of Kenya (CBK) Governor Prof. Njuguna Ndung’u has opened up about a major policy disagreement with the International Monetary Fund (IMF), recounting how Kenya resisted external pressure to tighten monetary policy during a period when the economy was recording both rapid growth and elevated inflation. Speaking in a Central Bank of Kenya […]
Liberty Kenya Enhances LifeVest with Built-in Critical Illness and Disability Protection
Liberty Kenya has enhanced its investment-linked life insurance plan, LifeVest, by incorporating Critical Illness and Permanent Total Disability benefits at no additional premium, strengthening the protection available to customers as they build long-term wealth. The enhanced LifeVest plan allows customers to start with a single premium investment from KShs 50,000, with subsequent top-ups allowed from KShs […]