KCB Bank and European Bank for Reconstruction & Development (EBRD) Sign US$100 Million Facility to Expand SME Financing
KCB Bank has secured a US$100 million (KShs. 12.9 billion) financing facility from the European Bank for Reconstruction and Development (EBRD) to expand access to credit for micro, small and medium enterprises (MSMEs), reinforcing the Bank’s commitment in supporting entrepreneurship, job creation and sustainable economic growth across Kenya. Under the framework, 35 per cent of […]
NCBA Appoints PwC Administrators for Multiple Hauliers Amid KSh 31.4 Billion Debt Crisis
Multiple Hauliers (EA) Ltd has been placed under administration after NCBA Bank Kenya PLC appointed Muniu Thoithi and George Weru of PricewaterhouseCoopers Limited (PwC) as joint administrators under Kenya’s Insolvency Act. The appointment was made pursuant to Section 534 of the Insolvency Act, 2015, placing the affairs of the logistics company under the supervision of […]
How Anne Kinuthia Otieno Transformed Airtel Money Kenya from a Minor Player into a Mobile Money Challenger
Anne Kinuthia Otieno has left Airtel Kenya after overseeing a period of rapid growth that transformed Airtel Money from a small participant in Kenya’s mobile money sector into a stronger competitor with increased market share, millions of active users and a significantly expanded agent network. Kinuthia-Otieno announced her exit on Saturday, July 25, 2026, through […]
KCB Bank Kenya, Carrefour and Mastercard Launch Prepaid Grocery Card for Smarter Budgeting
KCB Bank Kenya has partnered with Carrefour Kenya and Mastercard to introduce the Carrefour Prepaid Card, a payment solution designed to help customers better plan, manage and control their grocery spending while accessing exclusive shopping rewards. The prepaid card enables customers to set grocery budgets, allocate funds for household essentials and monitor their spending. It […]
Sidian Bank Launches Phase Two of WASH Programme with Donation of water tanks to schools in Arid regions across the country
Sidian Bank has launched Phase Two of its Water, Sanitation and Hygiene (WASH) initiative by donating 10,000-litre water tanks to schools in Turbo and Ainabkoi Constituencies (Uasin Gishu County), Teso South Constituency (Busia County), and Cherangani Constituency (Trans Nzoia County). This marks the bank’s continued commitment to improving access to clean water and enhancing hygiene […]
East African Countries Push Ahead With Single Currency Plan as Governors Set 2031 Target
East African Community (EAC) central bank governors have reaffirmed their commitment to launching a single regional currency by 2031, following the 29th Ordinary Meeting of the EAC Monetary Affairs Committee (MAC) held in Kampala, Uganda, on July 24, 2026. The meeting brought together central bank governors from across the regional bloc to review progress toward […]
Vodacom Group Revenue Rises 5.9% to R42.4 Billion in First Quarter as Egypt and Financial Services Fuel Growth
Vodacom Group Limited reported a 5.9% year-on-year increase in group revenue to R42.4 billion for the quarter ended 30 June 2026, driven by continued growth in its financial services business, strong performance in Egypt, and expansion across its international operations. The company noted that reported growth was affected by translation effects from the stronger South […]
Airtel Africa Q1 2027 Profit Rises 27% as Mobile Money IPO Plans Advance in London
Airtel Africa plc has posted a strong financial performance for the first quarter of its 2027 financial year, with revenue rising 31 percent to $1.85 billion as the telecom operator continued to benefit from growth in mobile data, digital payments and an expanding subscriber base across its African markets. The company’s results for the quarter […]
M-KOPA Reaches 10 Million Customers as it Expands Digital Credit and Electric Mobility Services
Pan-African fintech company M-KOPA has reached 10 million customers across Kenya, Uganda, Nigeria, Ghana and South Africa. Since launching smartphone financing in 2020, M-KOPA has added nine million customers in six years, compared with the eight years it took to reach its first one million customers. The company is now onboarding approximately 10,000 new customers […]
NSE 2026 Investment Challenge Goes Live on Soko Play as Virtual Trading Platform Targets 30,000 New Investors
The Nairobi Securities Exchange (NSE) has launched the 2026 Investment Challenge, a financial literacy competition designed to introduce more Kenyans, especially young people, to capital markets through simulated trading. The annual competition, hosted on the NSE’s virtual trading platform Soko Play, allows participants to experience real-time equity and derivatives trading in a risk-free environment while […]