Latest finance stories from across Kenya.
Absa Bank Kenya PLC has announced an enhancement of its Shariah-compliant banking offering through the launch of La Riba Timiza – Kenya’s first fully mobile banking platform by a Tier 1 Bank. At the same time, the Bank has introduced the…
dLocal has announced the release of the second edition of its “Emerging Markets Payments Handbook.” This comprehensive guide is meticulously curated for international businesses, blending deep data analysis with authentic, on-the-ground…
Kenya Development Corporation (KDC) has reinforced its leadership in Kenya’s development finance landscape by delivering a Shs57 million dividend to the National Treasury and unveiling a Shs500 million recovery facility for SACCO-based…
The Kenya Development Corporation (KDC) is hosting the Africa Summit 2025 at the Kenyatta International Convention Centre (KICC), themed “The Next Frontier.” This event brought together a diverse group of leaders, investors, policymakers,…
The African Export-Import Bank (Afreximbank), the Pan-African Payment and Settlement System (PAPSS) and Mercury Payment Services (MPS) have announced the launch of PAPSSCARD, the continent’s first Pan-African card scheme. This new card…
Sustainable investments reporting: As the global economy pivots toward more inclusive and responsible growth, sustainability is central to how businesses define success. Rooted in the principle of meeting present needs without compromising…
Onafriq, in collaboration with the Pan-African Payment and Settlement System (PAPSS), announced the launch of a new cross-border payment service that will initially pilot outbound transactions in Ghana. This launch operationalises the…
KCB Group Chief Executive Officer, Paul Russo, EBS, has been elected as the new Chairperson of the Kenya Bankers Association (KBA). His election was confirmed during the KBA Annual General Meeting held earlier today. Mr. Paul Russo takes…
Yellow Card announced a partnership with Visa to help drive the next phase of innovation in cross-border payments and financial infrastructure across emerging markets where Yellow Card is licensed to operate. Through this partnership, Visa…
Mastercard and enza – a payment solutions company – have collaborated to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players to build propositions on the enza platform that…
Development Finance Institutions (DFIs) are at the heart of economic transformation, bridging financing gaps that commercial banks and private investors often avoid. Their unique mandate balancing financial sustainability with social and…
KCB Group PLC (KCB Group) and Access Bank PLC (Access Bank) have completed the sale of National Bank of Kenya Limited (NBK) to Access Bank Plc, marking the conclusion of a transaction that began in March 2024. This follows the receipt of…
I&M Group PLC has announced a solid start to the year, posting a 16% increase in Profit Before Tax (PBT) for the first quarter of 2025. The Group recorded PBT of KES 5.9 billion, up from KES 5.1 billion in Q1 2024. The performance reflects…
Family Bank Group has reported a 15.4% increase in Profit Before Tax (PBT) to KES 1.5 billion for the first quarter of 2025, up from KES 1.3 billion during the same period last year. This strong performance was driven by sustained growth…
For centuries, global finance has maintained an almost spiritual position regarding gold. Humans have treasured gold because it functions as value protection during inflation while representing financial wealth through historical market…
Forex trading is often viewed as a simple exchange of one currency for another. While technically accurate, it only scratches the surface. The foreign exchange market is one of the most complex and liquid financial systems. Trillions of…
KCB Group PLC and Riverbank Solutions Limited have signed a binding agreement that will see KCB acquire up to 75 per cent shareholding in the financial technology firm, to strengthen KCB Group’s distribution network across the region. The…
Recovery and Resilience Plan, Equity is making a significant impact across Africa, complemented by numerous trade missions throughout East and Central Africa. The MBA students from Columbia Business School come from diverse study areas…
Women in Tech, a global community dedicated to supporting women in the technology sector, has officially launched its Kenya Chapter in Nairobi. This announcement was made during the 2025 Women in Tech Summit, organised in partnership with…
NCBA Bank has today Tatu City Branch, Kenya’s leading Special Economic Zone, emphasising its commitment to providing banking solutions to individuals and businesses in Kenya’s fast-paced urban development. Tatu City is the 7th branch in…
A Money Market Fund (MMF) is a type of mutual fund that invests in short-term, high-quality, and low-risk debt instruments. These include: Treasury bills (T-bills), Commercial paper (short-term corporate debt), Certificates of deposit…
Absa Bank Kenya has today relocated its Gilgil branch to a larger, more strategically positioned location, reinforcing its commitment to enhancing customer experience and expanding access to financial services. This move aligns with the…
Absa Bank Kenya has launched an enhanced Prestige Banking offering, a financial proposition designed for salaried professionals and entrepreneurs. The enhanced offering aims to bridge a key gap in banking by providing solutions that…
The Kenya Power and Lighting Company (KPLC) deals in the transmission, distribution, and retailing of electricity across the country. The parastatal frequently releases tenders for various projects, ranging from infrastructure development…
