Business

Kenyans to Buy Vehicles at Simba Corp After Ksh.100 Billion Deal With Absa

Kenyans to Buy Vehicles at Simba Corp After Ksh.100 Billion Deal With Absa

Simba Corporation Limited has signed a memorandum of understanding with Absa Bank Kenya to expand access to asset financing for…
Absa Group Stake in Kenyan Subsidiary up 71.99% to 189 Million Shares

Absa Group Stake in Kenyan Subsidiary up 71.99% to 189 Million Shares

Absa Group has acquired 189.38 million Absa Bank Kenya shares, equivalent to a 3.49% stake, after only 2,045 of the…
UAE’s Payit Rolls Out Send Now, Pay Later for Africa on Buoyed Remittances

UAE’s Payit Rolls Out Send Now, Pay Later for Africa on Buoyed Remittances

First Abu Dhabi Bank’s digital platform Payit has launched Send Now Pay Later (SNPL) for African market, against the backdrop…
Equity Group H1 2026 Profit up 32% to Ksh.45.5 Billion

Equity Group H1 2026 Profit up 32% to Ksh.45.5 Billion

Equity Group Holdings has reported a 32 percent rise in net earnings for the first six months of the year,…
Absa Bank Kenya’s Bad Loans Down 17.8% as Loan Book Hits Record Ksh.329.87 Billion

Absa Bank Kenya’s Bad Loans Down 17.8% as Loan Book Hits Record Ksh.329.87 Billion

Absa Bank Kenya PLC in its H1 financials saw an improvement in the asset quality, when gross non-performing loans fell…
If Aid Has a Future, it Must Begin with Listening to the Grassroots

If Aid Has a Future, it Must Begin with Listening to the Grassroots

It seems the sky is falling on the aid system and umbrellas are few and far between. A simple Google…
Egypt and U.S. Open Talks on Major Investment Opportunities

Egypt and U.S. Open Talks on Major Investment Opportunities

Egypt and the United States are holding talks in Cairo for potential investment, and key areas of discussion are on…
Heifer, KCB and Mastercard Partner to Bring 30,000 Dairy Farmers Into Formal Financial Systems

Heifer, KCB and Mastercard Partner to Bring 30,000 Dairy Farmers Into Formal Financial Systems

Heifer International, KCB Bank and Mastercard have rolled out a nine month pilot project aimed at digitising payments and transaction…
New GBV Rescue Centre Opens in Mukuru Kwa Reuben as CFK Africa Steps Up Fight Against Abuse

New GBV Rescue Centre Opens in Mukuru Kwa Reuben as CFK Africa Steps Up Fight Against Abuse

For survivors of gender-based violence in Nairobi’s informal settlements, reporting abuse can be the first—and often one of the most…
Stanbic Bank in Talks to Support Kenya’s Yuan-Denominated SGR Debt Servicing

Stanbic Bank in Talks to Support Kenya’s Yuan-Denominated SGR Debt Servicing

Stanbic Bank Kenya is in active discussions with the government of Kenya on potential financing mechanisms to support the servicing…
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