235 Kenyan Entrepreneurs Selected for USD 5,000 Seed Capital in 2025 Tony Elumelu Foundation Entrepreneurship Programme
Kenya has emerged as one of the top beneficiaries in the 2025 Tony Elumelu Foundation Entrepreneurship Programme (TEF), with 235 entrepreneurs selected to receive USD 5,000 in seed capital each. The country ranked second across the African continent in this year’s cohort. Beyond the seed funding, the selected entrepreneurs will also gain access to world-class […]
AIG Insurance Rebrands to NCBA-IG Following Acquisition: What to Expect
NCBA Group PLC has officially unveiled NCBA-IG (NCBA Insurance Group) as the new brand identity for its insurance arm. The rebranding to NCBA-IG comes after NCBA Group completed the acquisition of 100% shareholding in AIG Kenya, a company it had previously held a minority stake in for over 18 years. The acquisition was finalized following […]
Standard Chartered Kenya Announces Sh37 Per Share Final Dividend for FY 24
Standard Chartered Kenya has announced a final dividend of Sh 37.00 per ordinary share for the financial year 2024 (FY 24), marking a strong end to an exceptional year. The proposed final dividend will be presented for approval at the upcoming Annual General Meeting (AGM). This comes in addition to the Sh 8.00 interim dividend […]
I&M Bank Business Banking Accounts: Ideal for SMEs, Startups, and Sole Proprietors
I&M Bank has positioned itself as a trusted financial partner for small and medium enterprises (SMEs), startups, and sole proprietors by offering a comprehensive suite of business banking solutions tailored to meet the dynamic needs of growing ventures. With a range of accounts offering flexibility, cost-efficiency, and advanced features, I&M Bank is empowering businesses to […]
Best Banks for a Startup in Kenya
Starting a business in Kenya requires more than just a brilliant idea—it demands the right financial partner to support your growth journey. Choosing the best banks for a startup in Kenya can significantly influence how easily you manage your cash flow, access credit, and scale operations. Whether you’re a budding entrepreneur or an expanding SME, […]
KCB Group Gives Up 30 Percent Share of G-2-G Oil Payments
KCB Group has scaled down its participation in Kenya’s Government-to-Government (G-2-G) Oil Import Deal by surrendering 30 percent of its share in the payment facilitation structure. The move is a proactive effort to manage risk and safeguard the bank’s financial health amid an increasingly complex economic environment. The KCB Group G-2-G Oil Import Deal has […]
How Safaricom AirFiber is Transforming the Ethiopian Digital Landscape
The Safaricom AirFiber is a wireless internet solution introduced by Safaricom Ethiopia, aimed at delivering fast and reliable connectivity without the need for extensive wired infrastructure. The service targets enterprise customers and residential users in areas with Safaricom’s network coverage, leveraging the company’s existing 4G and 5G-ready infrastructure. AirFiber is available in areas with Safaricom’s […]
KCB Group Profits Rise to Sh61.8 Billion in FY 24
KCB Group PLC profit after tax for the full year 2024 grew 64.9%, hitting KSh 61.8 billion, up from KSh 37.5 billion in the previous year. Speaking during the results announcement in Nairobi, KCB Group CEO Paul Russo attributed the Group’s strong financial performance to its ongoing transformation agenda. “The strong performance illustrates our resolve […]
KCB Bank, IHS Partner to Accelerate Affordable Housing Development
KCB Bank Kenya has joined hands with International Housing Solutions (IHS) in a partnership aimed at boosting the development of affordable housing in Kenya. The collaboration, unveiled at the IHS Tilisi Development PLC project site in Limuru, Kiambu County, marks a significant milestone in addressing Kenya’s housing deficit and advancing the country’s Affordable Housing Program. […]
Why the CBK is Proposing Changes to Bank Licensing Fees
The Central Bank of Kenya (CBK) has proposed a sweeping overhaul of the bank licensing fees in Kenya, a shift from traditional fixed-rate models to a more dynamic structure based on gross annual revenue (GAR). In a proposal outlined under the Banking (Fees) Regulations, 2025, the CBK intends to introduce a performance-based model where licensing […]