Business
Kenya’s Two Major Banks to Relinquish 30% Stake to DRC on New Terms
April 22, 2025
Kenya’s Two Major Banks to Relinquish 30% Stake to DRC on New Terms
Kenya’s leading banks, Equity Group Holdings and KCB Group Plc, are mandated to relinquish at least 30% of their stakes…
U.S Resumes Talks with Kenya of AGOA Ahead of September Expiry
April 15, 2025
U.S Resumes Talks with Kenya of AGOA Ahead of September Expiry
U.S. President Donald Trump’s administration has signaled the resumption of trade talks with Kenya, ending weeks of speculation about trade…
Africa Surpasses 1 Billion Mobile Money Wallets With $1 Trillion Traded in 2024
April 15, 2025
Africa Surpasses 1 Billion Mobile Money Wallets With $1 Trillion Traded in 2024
Mobile money usage across Africa has doubled over the past four years, reaching over one billion registered accounts by the…
Nigeria Threatens National Bank of Kenya Acquisition by Access Bank in New Condition
April 15, 2025
Nigeria Threatens National Bank of Kenya Acquisition by Access Bank in New Condition
The Central Bank of Nigeria (CBN) has stalled the acquisition of National Bank of Kenya (NBK) by Access Bank. This…
Counties to Prioritize Pending Bills and Contain Wage Pressures
April 14, 2025
Counties to Prioritize Pending Bills and Contain Wage Pressures
As county governments finalize and present their budgets to County Assemblies for approval, Kenya enters a pivotal phase in the…
Absa Targets 300 Farmers in Ksh.500 Million Financing Plan After Deal with Hello Tractor
April 14, 2025
Absa Targets 300 Farmers in Ksh.500 Million Financing Plan After Deal with Hello Tractor
Absa Bank Kenya PLC is exploring ways to enhance its lending capacity under an existing Ksh.500 million facility to facilitate…
Bolt Reports 46% Drop in Offline Pickups for Safer Customers
April 9, 2025
Bolt Reports 46% Drop in Offline Pickups for Safer Customers
Bolt Kenya has reported a 46% decrease in offline (off-app) trips on its platform over the past six months, owing…
Peach Payments to Acquire Senegal’s PayDunya in West Africa Push
April 9, 2025
Peach Payments to Acquire Senegal’s PayDunya in West Africa Push
South African fintech company Peach Payments has agreed to acquire Senegal-based PayDunya, marking its entry into Francophone Africa. The acquisition…
Yields on Kenya’s Eurobond up 12.6%, Highest Since November 2023
April 9, 2025
Yields on Kenya’s Eurobond up 12.6%, Highest Since November 2023
Yields on Kenya’s Eurobonds have surged to their highest levels since November 2023, indicating increased risk perception among investors. The…
US Says Investors Scared Investing in Kenya Over Fake Land Titles
April 9, 2025
US Says Investors Scared Investing in Kenya Over Fake Land Titles
The U.S. government has expressed concern over the increasing prevalence of fraudulent title deeds in Kenya, highlighting this issue as…