Business

Absa Group Appoints Sitoyo Lopokoiyit as First Non-South African to Lead its Personal and Private Banking

Absa Group Appoints Sitoyo Lopokoiyit as First Non-South African to Lead its Personal and Private Banking

By Roxane Okeke Absa Group Limited has appointed outgoing M-PESA Africa Managing Director Sitoyo Lopokoiyit as Chief Executive for Personal…
CMA Okays 5 Companies to Operate in Kenya

CMA Okays 5 Companies to Operate in Kenya

By Roxane Okeke The Capital Markets Authority (CMA) has approved several new licence applications for firms seeking to operate as…
CIC Insurance Sells Ksh.1.8 Billion in Assets to Stay Afloat

CIC Insurance Sells Ksh.1.8 Billion in Assets to Stay Afloat

CIC Insurance Group Plc has announced the sale of land assets in both Kiambu and Kajiado counties to stay liquid…
Banks Cornered as CBK Trims Benchmark Rate to 8.75%

Banks Cornered as CBK Trims Benchmark Rate to 8.75%

The Central Bank of Kenya (CBK) has cut its benchmark lending rate by 25 basis points to 8.75%, defying calls…
Ziidi Trader Processed Record 55% of Share Trading on NSE

Ziidi Trader Processed Record 55% of Share Trading on NSE

Safaricom’s new M-Pesa trading app, Ziidi Trader, processed 55% of all share orders at the Nairobi Securities Exchange (NSE) on…
Ecobank Kenya Taps Former Family Bank Boss Mbithi as New Managing Director

Ecobank Kenya Taps Former Family Bank Boss Mbithi as New Managing Director

Ecobank Kenya has announced Rebecca M. Mbithi as the new Managing Director, starting February 2026. This appointment is subject to…
How to Know if Your Phone’s Authorised to Operate in Kenya

How to Know if Your Phone’s Authorised to Operate in Kenya

The Communications Authority of Kenya (CA) has given steps about how Kenyans can check if their mobile phones are approved…
Why Ruto Wants Kenya Re, KenGen to Have Private Investors

Why Ruto Wants Kenya Re, KenGen to Have Private Investors

President William Ruto announced that several state firms, including Kenya Re and KenGen, will soon have private investors at the…
Local Investors to Trade NSE Shares Via M-Pesa

Local Investors to Trade NSE Shares Via M-Pesa

Safaricom has introduced Ziidi Trader, a new feature within the M-Pesa app that allows users to buy and sell shares…
CBK Urged to Retain Benchmark Rate During RBCPM Implementation Phase

CBK Urged to Retain Benchmark Rate During RBCPM Implementation Phase

The Kenya Bankers Association (KBA) has urged the Central Bank of Kenya (CBK) to retain the benchmark lending rate at…
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