Business

Stima SACCO Inks Real Time Payment Deal With Pesalink for its 200K members

Stima SACCO Inks Real Time Payment Deal With Pesalink for its 200K members

Stima Sacco has signed an integrated payment services deal with Pesalink to give its more than 200,000 members fast, affordable,…
Absa Bank’s Net Profit up 15% to Ksh.33 billion

Absa Bank’s Net Profit up 15% to Ksh.33 billion

Absa Bank Kenya Plc has posted a 15% increase in net profit, closing the nine-month period ended September 30, 2025,…
Regulatory Oversight Prompt SACCOs to Cut Down on Dividend Payouts

Regulatory Oversight Prompt SACCOs to Cut Down on Dividend Payouts

Savings and Credit Cooperatives (Saccos) in Kenya are beginning to cut back on dividend payouts and retain more earnings as…
Kenyans to Give DNA Records While Registering New SIM Cards

Kenyans to Give DNA Records While Registering New SIM Cards

The Communications Authority of Kenya (CA) is proposing changes to SIM-card registration rules that could fundamentally reshape how personal data…
President Ruto Sets Date for Ksh.170 Billion Rironi-Mau Summit Expressway Dualing

President Ruto Sets Date for Ksh.170 Billion Rironi-Mau Summit Expressway Dualing

Travel time from Nairobi to Western Kenya will be narrowed by roughly 1.5 hours following President William Ruto’s announcement of…
Nigerian Bank to Acquire Kenya’s Paramount Bank Over Core Capital Pressure

Nigerian Bank to Acquire Kenya’s Paramount Bank Over Core Capital Pressure

Nigeria’s Zenith Bank is pursuing the acquisition of Paramount Bank, a mid-sized Kenyan commercial bank. The bank has reportedly secured…
What it Means for Kenyans as CS Mbadi Drafts Fresh Tax Guidelines

What it Means for Kenyans as CS Mbadi Drafts Fresh Tax Guidelines

The National Treasury has released the Draft Income Tax (Advance Pricing Agreement) Regulations, 2025 for taxpayers to enter into Advance…
Salva Kiir Sacks His Deputy Bol Mei After 9-Month Reign

Salva Kiir Sacks His Deputy Bol Mei After 9-Month Reign

South Sudanese President Salva Kiir on Wednesday dismissed Benjamin Bol Mel as vice president and deputy leader of the ruling…
Uganda-based VC Secures $6 Million for Fintech Financing in Africa

Uganda-based VC Secures $6 Million for Fintech Financing in Africa

First Circle Capital, a specialist early-stage venture fund with offices in Casablanca and Kampala, has secured $6 million for fintech…
Why Absa Thinks Banks Must Meet MSMEs at Their Doorsteps

Why Absa Thinks Banks Must Meet MSMEs at Their Doorsteps

The key to unlocking the potential of East Africa’s small businesses lies in taking financing and support directly to them,…
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