Business

SACCOs Signal Fintech Shift to Drive Digital Growth

SACCOs Signal Fintech Shift to Drive Digital Growth

Kenya’s cooperative financial sector is turning to partnerships with financial technology companies as SACCOs push to modernise their services and…
Equity, KCB Bank Slash Lending Rate After CBR Revision

Equity, KCB Bank Slash Lending Rate After CBR Revision

KCB Bank, Equity Bank and NCBA have reduced their base lending rates to 8.75%, extending the pass-through of the Central…
Jumia Narrows 2025 Loss to Ksh.7.75B Billion

Jumia Narrows 2025 Loss to Ksh.7.75B Billion

African e-commerce company Jumia reduced its losses in 2025 after pulling out of underperforming markets and cutting back significantly on…
Electric Vehicles Push Kenya Power’s Revenue to Ksh.125.9 Billion

Electric Vehicles Push Kenya Power’s Revenue to Ksh.125.9 Billion

Kenya Power generated Ksh.125.9 million in revenue from electric vehicle (EV) charging in 2025, accordint ot the new data. The…
Spiro Secures Ksh.900 Million for Africa’s E-Mobility Expansion

Spiro Secures Ksh.900 Million for Africa’s E-Mobility Expansion

Spiro Mobility has secured a Ksh.900 million (US$7 million) facility from Nithio’s FAIR Fund in its push to expand electric…
Ruto Runs to MPs to Save National Infrastructure Fund

Ruto Runs to MPs to Save National Infrastructure Fund

The government, through the Majority Leader at the National Assembly, will table the National Infrastructure Fund Bill 2026 before the…
Billionaire Chandaria Offers Ksh.20 Million to KCA University for Innovation

Billionaire Chandaria Offers Ksh.20 Million to KCA University for Innovation

Manu Chandaria has pledged Ksh.20 million ($150,000 ) to support the creation of a new incubation and innovation centre at…
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…
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