Business
Equity Bank Places TransCentury, East African Cables Under Receivership
June 20, 2025
Equity Bank Places TransCentury, East African Cables Under Receivership
Equity Bank has placed investment firm TransCentury Plc under receivership and its subsidiary, East African Cables, under administration after the…
Banda Homes Placed Under Liquidation as Buyers Mount Pressure
June 20, 2025
Banda Homes Placed Under Liquidation as Buyers Mount Pressure
Embattled property developer Banda Homes has officially been placed under liquidation, bringing about a turn in a months-long saga of…
China’s Zhongman Petroleum Awarded Natural Gas Block in Algeria
June 19, 2025
China’s Zhongman Petroleum Awarded Natural Gas Block in Algeria
China’s Zhongman Petroleum and Natural Gas Group (ZPEC) said it won a tender to explore and develop a natural gas…
EADB, OPEC Fund Sign $40 Million Facility for SMEs in EAC
June 18, 2025
EADB, OPEC Fund Sign $40 Million Facility for SMEs in EAC
The East African Development Bank (EADB) has today formalized a US$40 million loan agreement with the OPEC Fund for International Development to…
CBK Licenses 41 More Digital Lenders, Bringing Total to 126
June 18, 2025
CBK Licenses 41 More Digital Lenders, Bringing Total to 126
The Central Bank of Kenya (CBK) has issued licenses to 41 additional Digital Credit Providers (DCPs), pushing the total number…
Digital Lenders Push for Credit Market Reforms to Unlock Capital for Underserved
June 18, 2025
Digital Lenders Push for Credit Market Reforms to Unlock Capital for Underserved
Digital lenders in Kenya are calling for the removal of regulatory and structural barriers in the credit market to unlock…
CBK Extends Time for Kenya’s Bulk Payment Settlement System
June 18, 2025
CBK Extends Time for Kenya’s Bulk Payment Settlement System
The Central Bank of Kenya (CBK) has extended time for Kenya’s bulk payment settlement system, better known as the Kenya…
Kakuzi plans to Invest Over Ksh.1.2 billion in commercial, Social Impact Projects.
June 16, 2025
Kakuzi plans to Invest Over Ksh.1.2 billion in commercial, Social Impact Projects.
The funds will be used to expand agricultural production and value-added ventures in macadamia, avocado, livestock, and commercial forestry. As…
Safaricom Stock Rallies Despite Political Storm Over Data Surveillance Allegations
June 12, 2025
Safaricom Stock Rallies Despite Political Storm Over Data Surveillance Allegations
Safaricom PLC shares rallied by 3.7% on Thursday morning, defying political headwinds after a section of Kenyan politicians publicly accused…
Britam Buys 30% State in Nigeria-Based Continental Re Plc
June 12, 2025
Britam Buys 30% State in Nigeria-Based Continental Re Plc
Britam Holdings Plc has expanded its footprint in Kenya’s reinsurance sector after acquiring a 30% stake in Continental Reinsurance Kenya,…