KCB Group Shareholders Approve KShs. 22.5 Billion Dividend Payout
KCB Group shareholders have approved a total dividend payout of KShs. 22.5 billion for the financial year ended December 31, 2025, reflecting the Group’s sustained commitment to delivering sustainable shareholder value. The dividend approved at the Annual General Meeting on Thursday comprises an interim and special dividend of KShs. 4.00 per share approved by the […]
Schneider Electric Launches Innovation Hub and Training Center in Nairobi, Showcasing the Future of Connected Energy
Schneider Electric, the global energy technology leader in energy management and automation, today announced the launch of its Innovation Hub and Hands-On Training Center in Nairobi, marking a significant milestone in advancing energy innovation and skills development across East Africa. Located within Schneider Electric’s newly established office, the facility has been purposefully designed as a […]
Standard Chartered to Cut Over 7,000 Jobs Globally as AI Reshapes Banking Operations
Standard Chartered Kenya parent company Standard Chartered Plc plans to cut more than 15 percent of its global back-office workforce by 2030 as the lender accelerates the use of artificial intelligence across human resources, compliance, risk management and operational functions. The restructuring plan could affect between 7,000 and 7,800 roles globally, making Standard Chartered one […]
Experts in Nairobi Push for Ethical, Localised Ai Systems to Power Africa’s Digital Future
A high-level tech forum hosted in Nairobi by Aashna Jain, founder of AITHOS, brought together industry experts, investors, and academics to explore how ethics can be embedded at the core of artificial intelligence (AI) development and deployment across Africa and the Middle East. Under the theme “Ethics in AI”, the interactive session examined and unpacked […]
Sidian Bank Reports Stronger Q1 Earnings as Deposits Jump 48% to KSh 74 Billion
Sidian Bank has posted a profit after tax of KSh 607.03 Million for the quarter ended 31 March 2026, up 9.0% from KSh 556.94 Million in the same period a year earlier, extending a profit recovery that has reshaped the lender’s standing in Kenya’s banking sector over the past two years. Net interest income more than […]
Uganda Bankers’ Association Names Mr. Micheal Mugabi Chair Amid Strong Banking Sector Growth
Members of the Uganda Bankers’ Association elected Mr. Micheal Mugabi as the new Association Chair during the Annual General Meeting (AGM) held on 15th May 2026 at Serena Hotel Kampala, ushering in a new leadership team at a time when Uganda’s banking sector is posting strong growth across assets, deposits, and profitability. Mr. Micheal Mugabi, […]
Top Revenue-Generating Banks on the Nairobi Securities Exchange
The banking sector continues to dominate activity on the Nairobi Securities Exchange (NSE), accounting for 42.0% of total market capitalisation as investor flows remain concentrated in large-cap lenders. The rally has been supported by easing inflation, improved liquidity conditions, and sustained domestic institutional demand for equities. Core inflation eased to 5.59% in April, creating a […]
Sidama Bank and Equity Bank Kenya Deal to Deepen Ethiopia–Kenya Financial Connectivity Through New Banking Corridor
Sidama Bank and Equity Bank Kenya have entered a strategic cross-border banking partnership aimed at deepening financial integration between Ethiopia and Kenya. The agreement connects Sidama Bank, a fast-expanding Ethiopian lender, with Equity Bank Kenya, one of East Africa’s largest digital financial institutions. The collaboration is designed to expand remittance flows, support trade, and improve […]
NCBA Partners with Salvador Caetano Kenya to Expand Vehicle Asset Financing Access in Kenya
NCBA has entered into a partnership with Salvador Caetano Kenya Limited to roll out a structured Asset Financing Scheme aimed at widening access to vehicle ownership for individuals, SMEs, and corporate clients across Kenya. The programme introduces financing of up to 100% for personal vehicles and up to 95% for commercial units, alongside repayment periods […]
Absa Bank Kenya Sued Over Sh26 Million Vetlab Sports Club Account Dispute
Absa Bank Kenya has been sued in the High Court over a disputed change of account signatories linked to an ongoing leadership and financial standoff at Vetlab Sports Club, placing Sh26 million in member funds at the center of an escalating governance dispute. The lawsuit was filed by Club chairman Jared Ouko and honorary secretary […]