Latest finance stories from across Kenya.
Co-operative Bank, M-Kopa, Quickmart Supermarket and KCB Bank are among 11 Kenyan firms placed on the Financial Times’ Africa’s Fastest-Growing companies. Others are agricultural producer Victory Farms, manufacturing firm Roam Electric,…
Flutterwave has acquired Mono, one of Africa’s leading open banking infrastructure providers. Mono provides API-driven access to financial data, identity verification and account-to-account payments. It will continue to operate…
In a global economy still shaking off inflationary shocks, geopolitical tension, and tightening financial conditions, currency stability has become a quiet but decisive battleground. In Africa, where exchange rates often tell deeper…
Kenya’s small and medium-sized enterprises (SMEs) remain the quiet stabilisers of the economy, even as rising costs, weak consumer demand, and financing constraints continue to squeeze businesses, according to the Central Bank of Kenya…
Some lives don’t have room for pause, and Nyakio knew it. Hers was a journey of fighting against all odds when the deck of cards is constantly stacked against you. She was no stranger to life’s misfortunes, but this was a big one. Beep!…
What is Turnover Tax (TOT)? Turnover Tax is a tax charged on businesses whose gross turnover is more than KSh. 1,000,000 but does not exceed or is not expected to exceed KSh. 25, 000,000 during any year of Income. TOT is chargeable under…
By James Booth, Head of Revenue at Verto Africa’s fintech revolution has moved from promise to performance. Over the past decade, the continent has evolved from a mobile money pioneer to a global laboratory for financial innovation.…
Visa brought together founders, investors, corporate partners and industry leaders in Cape Town on 1 December for the fourth cohort of the Visa Africa Fintech Accelerator Demo Day. The showcase marked the end of a three-month program that…
Airtel Money has announced that its customers can now make payments to I&M Bank merchants across the country. Through the partnership, Airtel Money users will enjoy a 50% guaranteed cashback in airtime on all Paybill transactions. They…
Africa Tech Summit Nairobi has confirmed Fincra, the global payments solutions provider, as the Headline Supporter for its eighth edition set for February 11 and 12, 2026 at the Sarit Expo Centre. The 2026 summit is expected to bring…
Absa Bank Kenya has introduced two new customer service innovations to strengthen its national presence and increase access to banking services. The new Branch on the Move and Absa Service Pod models represent the bank’s latest effort to…
Capitec Bank has entered into a binding agreement to acquire 100 percent of Walletdoc Holdings, a South African fintech firm known for its modern payment gateway solutions. The acquisition includes an initial cash payment of R300 million…
Credit Bank shareholders will on Friday, 19th December 2025, vote on a package of capital raising resolutions that the lender says will strengthen its balance sheet and align the institution with the Central Bank of Kenya’s tighter core…
Absa Bank Kenya has been named Bank of the Year – Kenya at the 2025 Banker Awards, securing one of the most competitive honours on the continent. The recognition highlights the bank’s disciplined execution of a segment-led,…
Send App by Flutterwave today unveiled the Send App Travel Card. This is a new physical Naira card designed specifically for Nigerians in the diaspora returning home for the festive season. It was developed in partnership with technology…
LOOP has unveiled a new device financing solution designed to make premium smartphones and other gadgets more accessible. The service has been launched in partnership with bolttech, a global insurtech company known for providing device…
Absa Bank Kenya has been named Bank of the Year – Kenya at the 2025 Banker Awards, securing one of the most competitive honours on the continent. The recognition highlights the bank’s disciplined execution of a segment-led,…
Access Bank Kenya and National Bank of Kenya, both subsidiaries of Access Bank PLC, have introduced the W Initiative in Kenya. This is a programme designed to increase financing and business support for women-led enterprises. The…
Airtel Money customers in Kenya can now pay DTB Till Moja merchants directly and deposit funds into DTB accounts from their mobile wallets. The integration allows customers to manage their finances instantly and securely from their mobile…
Family Bank has completed its private placement of ordinary shares raising KES 8.004 billion against a KES 6.090 billion target, achieving an oversubscription of 131%. The additional capital raised will be used to support digitization…
Wise has received conditional approval from the South African Reserve Bank to allow the company to operate as a Category 2 Authorised Dealer in Foreign Exchange with Limited Authority. This marks its first regulatory approval on the…
Safaricom Ethiopia has launched M-PESA LeHulum, a fully telco-agnostic mobile money platform that allows any Ethiopian to use M-PESA services regardless of the SIM card they own. M-PESA LeHulum removes the barrier that has always tied…
Vodacom Tanzania has launched M-Pesa Global Payment, a set of new international payment features designed to improve digital financial inclusion and cross-border trade. The service is powered through partnerships with Visa, Alipay, Network…
Arguably, everyone has ever found themselves stuck financially, whether at home or in business. Sometimes bills pile up, while others come in unexpectedly, forcing people, especially those who depend on monthly salaries, to resort to loans…
