Liberty Life Kenya and Heritage Insurance Kenya Attained AA+ Credit Ratings from Global Credit Rating, Affirming Strong Financial Stability
Liberty Life Kenya and Heritage Insurance Kenya, both subsidiaries of Liberty Kenya Holdings, have attained an AA+(KE) financial strength rating with a Stable Outlook by GCR, an affiliate of Moodys global rating agency, reaffirming their position among Kenya’s strongest and most financially resilient insurers. The rating reflects the strong financial profile, anchored by robust capitalisation […]
Somalia Expands Banking Sector, Licenses 15 Commercial Banks to Strengthen Oversight
The Central Bank of Somalia (CBS) has formally licensed 15 commercial banks, a step aimed at standardizing supervision and building a more credible financial system. The approvals cover 14 domestic banks and one international lender, following the completion of the regulator’s licensing and evaluation process. The expansion brings a larger, regulated base of institutions under […]
Genetec outlines data privacy best practices for physical security teams
Genetec Inc. (“Genetec”), the global leader in enterprise physical security software, has shared best practices to help organizations protect sensitive physical security data while maintaining effective security operations. Physical security systems generate large volumes of information from video footage, access control records, and license plate information. As this data plays a growing role in daily […]
Financial Loss-Absorbing Capacity (FLAC) Notes Enter African Market
Global regulators and investors are increasingly focused on ensuring banks can withstand financial shocks without destabilizing the broader economy. One instrument gaining attention in this context is the Financial Loss-Absorbing Capacity (FLAC) note, designed to provide banks with a buffer that converts debt into equity under distress, helping absorb losses before taxpayers are exposed. FLAC […]
Can Africa’s New Credit Framework Change How Sovereign Risk Is Priced?
Africa’s New Credit Framework is moving into its operational phase with a question that matters for governments and investors alike: can locally designed risk models materially change how African debt is priced? The African Credit Rating Agency (AfCRA), approved by the African Union and headquartered in Mauritius, is preparing to issue its first sovereign and […]
World Bank Reviews $475 Million Kenya Housing and Land Reform Financing
The World Bank Executive Board is tentatively scheduled to meet on March 19 to review a revised financing package for Kenya’s Affordable Housing, Land Administration, and Sustainable Investments program, a project that has gained prominence in the country’s talks with multilateral lenders after delays linked to reform benchmarks. Board members are expected to consider raising […]
Sidian Bank Kes 2 million boost Kenya Teachers SACCOs Association leaders’ summit
Mid-sized lender, Sidian Bank has reaffirmed its commitment to strengthening partnerships with Savings and Credit Cooperative Organizations (SACCOs) as part of its growth strategy aimed at expanding financial inclusion and deepening community engagement across the country. Speaking while announcing a Ksh 2 million sponsorship towards the 5th Annual Leaders’ Summit organized by the Kenya Teachers […]
Beyond the Panels: What Davos 2026 Revealed About Africa’s Next Decade
Davos has always been about access. In 2026, Africa proved it no longer struggles for entry. The continent was present, visible, and confident across Africa House, Nigeria House, bilateral meetings, and cultural convenings. Ministers, investors, creatives, and founders showed up in force. The more important question now is not whether Africa was seen, but whether […]
Capitec Surpasses FirstRand and Standard Bank in Continental Market Rankings
Capitec has emerged as Africa’s most valuable listed bank by market capitalization, overtaking regional peers FirstRand and Standard Bank in a ranking that highlights investor preference for South African lenders and the growing weight of retail-focused banking models. Market data compiled in mid-February shows Capitec valued at about $33.72 billion, narrowly ahead of FirstRand at […]
Capital relief “a strategic imperative” for banks as trade surges in Africa, Middle East region – AU Group
NAIROBI, KENYA – February 13, 2026: As geopolitical shifts open new trade corridors and national diversification strategies expand infrastructure and industrial investment, banks in Africa and the Middle East are under mounting pressure to support longer‑tenor, higher‑complexity transactions, while navigating increasingly stringent global capital requirements. During this year’s GTR MENA 2026 – the region’s premier event […]