Sidian Bank Unveils Modern Buruburu Branch to Boost Customer Confidence and Convenience
Sidian Bank Limited has relocated its Buruburu branch to a more central and accessible location convenient to its customers, and unveiled a modernized banking space. Sidian Bank Buruburu- now located at T-Square Mall on the 2nd floor along Mumias South Road, is part of Sidian Bank’s broader strategy to get closer to customers and expand its […]
Why Kenya Is Rejecting IMF Loans and Choosing the World Bank
Kenya has excluded the International Monetary Fund (IMF) from its budget plans for the financial year starting July 2025, opting instead to expand its engagement with the World Bank. Parliamentary budget documents show no provision for IMF financing through June 2029, in contrast to the Sh135.1 billion received in the 2023/24 fiscal year and Sh50.2 […]
Why Your Loan App May Soon Cost You More
Millions of Kenyans, especially small traders, boda riders, and low-income households depend on digital loan apps like Tala, Zenka, and Branch for fast, unsecured credit. But the Finance Bill 2025 proposes a change that could make borrowing from these platforms more expensive. A new tax targeting non-bank digital lenders is set to raise the cost […]
Why Kenya Now Wants the Wealthy to Trade Shares Tax-Free
Kenya’s Finance Bill 2025 proposes a sweeping exemption on capital gains tax (CGT) for investors trading shares on the Nairobi Securities Exchange (NSE). This aligns with the government’s long-standing Vision 2030, which positions Nairobi as a competitive financial hub in Africa, comparable to Dubai and Singapore. The exemption is expected to influence trading activity, especially […]
Finance Bill 2025: Why Global Firms May Soon Be Rushing to Register in Kenya
Nairobi is poised to become Africa’s next financial hub, with global firms eyeing the Nairobi International Financial Centre (NIFC) as the proposed Finance Bill 2025 promises transformative tax incentives. If passed, the bill would offer corporate tax holidays, zero dividend taxes, and reduced capital gains taxes, positioning Kenya as a magnet for foreign direct investment […]
The Rise of Aviator in Kenya: What’s Fueling the Addiction, and Who’s Letting It Happen?
The gambling crisis in Kenya, particularly surrounding the addictive online betting game Aviator and the unregulated growth of gambling advertisements, has sparked public outrage in recent weeks. This issue, compounded by allegations of government complicity and inadequate regulation, highlights a deeper societal problem that demands urgent and sustainable solutions. Background and Public Uproar Over the […]
Two Banks in Kenya Risk CBK Crackdown If They Miss Sh10 Billion Capital Mark
Access Bank Kenya and Consolidated Bank of Kenya are facing heightened regulatory pressure under the Central Bank of Kenya’s (CBK) newly enforced capital adequacy rules, which mandate a phased increase of core capital from Sh1 billion to Sh10 billion by 2029. Both lenders are currently operating below even the existing minimum, raising concerns over potential […]
What to Expect from the Airtel-Starlink Partnership
Airtel Africa has partnered with SpaceX to integrate Starlink’s satellite internet into its telecommunications ecosystem across the continent. The partnership is set to revolutionize internet access in sub-Saharan Africa, where broadband penetration remains relatively low at 43%, far below the global average of 66%. The collaboration combines Airtel’s market presence in 14 countries with Starlink’s […]
How to Pay for Fuel Using the Milkii App
Oromia Bank, formerly known as Oromia International Bank, has launched an innovative digital fuel-payment solution, the “Milkii” app. The app was introduced at a Libya Oil Ethiopia gas station near Mexico Square in Addis Ababa, in collaboration with the Ministry of Transport and Logistics. The launch aims to modernize the fuel payment process and promote […]
Peter Munga Reclaims His Seat at Equity Group with Sh166 Million Share Purchase
Billionaire businessman Peter Munga has made a return to Equity Group Holdings by acquiring an additional 3.64 million shares worth approximately Sh 166.2 million in the first quarter of 2025. This buyout increased Munga’s stake from 0.25% to 0.35%, elevating his total shareholding in Equity bank to 13.21 million shares, now valued at roughly Sh […]