Business

Family Bank Shareholders’ Pay Up 52% After Ksh.3.4 Bn 2024 Profit

Family Bank Shareholders’ Pay Up 52% After Ksh.3.4 Bn 2024 Profit

Family Bank Group’s shareholders will receive their pay at a 52% rate higher compared to 2023, following a record Ksh.3.4…
Nairobi’s Dusit D2 Property Owner Fights Auction in Court

Nairobi’s Dusit D2 Property Owner Fights Auction in Court

Cape Holding Limited, owner of the multi-billion-shilling 14 Riverside Drive property housing the Dusit D2 hotel, has filed an urgent…
KCB Group To Acquire 75% Stake in Riverbank Solutions

KCB Group To Acquire 75% Stake in Riverbank Solutions

KCB Group is set to acquire a 75% stake in payments solutions startup Riverbank Solutions for $15.4 million (Ksh.2 billion).…
Kenyans Suffering Most in Digital Fraud, Says Visa

Kenyans Suffering Most in Digital Fraud, Says Visa

A study by Visa Stay Secure 2025 shows that 71% of Kenyan consumers have fallen victim to digital fraud, more…
Ghana Nears End of Debt Restructuring Despite High Inflation

Ghana Nears End of Debt Restructuring Despite High Inflation

Ghana is in the final stages of restructuring its external debt, following its 2022 default on most of its obligations.…
Roam, 4G Capital Ink Deal for Electric Bodas in Kenya

Roam, 4G Capital Ink Deal for Electric Bodas in Kenya

Roam, Kenya’s electric mobility company, has inked a deal with digital credit provider 4G Capital to provide boda boda riders…
Sumsub Inks Deal With Kenya’s Fintech Association for Digital Innovation

Sumsub Inks Deal With Kenya’s Fintech Association for Digital Innovation

Sumsub has attained platinum membership with the Association of Fintechs in Kenya (AFIK) to accelerate the development of Kenya’s financial…
SASRA Step Up Push for Mandatory CIS Mechanism Among SACCOs

SASRA Step Up Push for Mandatory CIS Mechanism Among SACCOs

The Sacco Societies Regulatory Authority (SASRA) is pushing for a mandatory Credit Information Sharing (CIS) mechanism to enhance financial sustainability…
Absa Bank Kenya Profit up 28% to Ksh.20.9 Billion

Absa Bank Kenya Profit up 28% to Ksh.20.9 Billion

Absa Bank Kenya PLC full-year profit surged by 29% to Ksh.29.9 billion due to disciplined execution of customer-centric strategies and…
Ethiopia Faces Steep Losses for Creditors in G20 Debt Restructuring, Moody’s Warns

Ethiopia Faces Steep Losses for Creditors in G20 Debt Restructuring, Moody’s Warns

Moody’s Ratings, concluded its periodic review of Ethiopia’s creditworthiness on Friday, signaling that private creditors are likely to face significant…
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