Latest finance stories from across Kenya.
Cellulant has appointed Darren Makarem as its new Chief Financial Officer. Makarem brings more than two decades of experience across fintech and digital platforms. He joins Cellulant after holding senior roles at global companies including…
Safaricom has entered into a strategic partnership with Indosat Ooredoo Hutchison aimed at advancing inclusive digital ecosystems through artificial intelligence, fintech innovation and smarter network investments. The partnership is…
Safaricom is rolling out a major privacy upgrade to M-Pesa that will change how customer information is shared in transactions. Starting March 24, M-Pesa users will see less personal information in transaction notifications, with Safaricom…
M-Pesa has introduced a new Tap-to-Pay feature in Tanzania, allowing users to make contactless payments directly from their smartphones at Visa-enabled terminals worldwide. The rollout was delivered in partnership with Paymentology,…
Visa has announced the signing of a new agreement with Bank of Abyssinia in Ethiopia. Bank of Abyssinia plans to leverage this partnership and invest in premium financial products and also strengthen its digital banking services. The bank…
As Kenya shifts to a cashless economy, businesses have adopted various forms of cashless payments including mobile-money transfers and card payments. From public service vehicles to kiosks and hotels, hard cash is no longer the preferred…
The National Bank of Rwanda (BNR) and the Central Bank of Kenya (CBK) have signed the Kigali Declaration on Fintech License Passporting. This is a new framework designed to make it easier for fintech companies and payment service providers…
A major legal battle is unfolding in Kenya’s tax administration landscape as thousands of companies challenge the Kenya Revenue Authority’s (KRA) controversial VAT “Special Table.” The dispute has evolved into one of the most significant…
Safaricom says its mobile money platform M‑PESA has reached 40 million customers in Kenya. M-PESA has evolved over the years from a simple person-to-person money transfer tool into a broader digital financial platform used daily by…
KCB Group has reported KES 68.4 billion in profit after tax for the financial year ended 2025. The bank highlighted continued growth in digital banking and regional operations. Speaking during the bank’s FY2025 financial results…
The Kenya Revenue Authority (KRA) has announced a major shift in its tax compliance enforcement strategy, dropping most taxpayers from the controversial “Special Table” system that has long been associated with strict compliance…
Absa Group has partnered with global payments company Thunes to launch Absa Global Pay, a new digital-first remittance solution designed to make sending money across borders faster, simpler and more affordable for customers across Africa.…
Gebeya has announced a strategic partnership with European domain registrar InterNetX to enable domain registration directly within its platforms, allowing African entrepreneurs, freelancers and small businesses to purchase domains using…
Absa Group has renewed and extended its partnership with NTT DATA in a five-year agreement aimed at supporting the bank’s financial systems built on SAP S/4HANA. The collaboration will focus on delivering application management services…
Safaricom’s Ziidi Money Market Fund has won the Best Fintech and Digital Commerce Innovation Award at the 2026 Global Mobile Awards (GLOMO), held during Mobile World Congress 2026 in Barcelona. Selected from a competitive global shortlist…
In East Africa’s tightly contested infrastructure consulting space, few developments have stirred as much unease — and reluctant respect — as the rapid rise of Russ Capital, a relatively new financial consultancy now operating across the…
The Government of Kenya, through the Privatization Authority, has today announced the results of the Kenya Pipeline Company (KPC) Initial Public Offering (IPO), which registered an overall oversubscription rate of 105.7 per cent and raised…
Guaranty Trust Bank has announced the scrapping of Pesalink transaction fees for transfers below KES 1,000. This appears to be a calculated bet on growing digital transactions. The bank revised its Pesalink pricing structure as follows…
Safaricom has secured regulatory approval from the Central Bank of Kenya (CBK) to roll out a long-awaited data minimisation feature on M-Pesa that will mask customers’ phone numbers during transactions. The approval was granted last month…
M-PESA Ethiopia and Gebeya have launched the Dala AI Bundle. This makes it easier for Ethiopians to access advanced AI creation tools and pay for the tools using their M-PESA wallets. Through Dala Studio, subscribers will gain access to…
Pesalink has partnered with the Pan-African Payment and Settlement System (PAPSS) to enable real-time cross-border payments. The partnership will allow instant 24/7 cross-border payments from PAPSS participants into banks and mobile money…
Emirates has introduced a split-payment solution for customers booking flights in Kenya. This allows travellers to combine multiple payment methods within a single transaction through Cellulant’s Tingg platform. The feature is now live on…
Kenya’s payments ecosystem is entering a new phase and industry leaders calling for faster settlement, deeper interoperability and infrastructure capable of supporting increasingly complex domestic and cross-border transactions. The shift…
Grey, a provider of cross-border payments solutions, has announced the addition of USD business accounts, bulk payments and USDC stablecoin support on a single platform. Cross-border payments remain a major challenge for businesses in…
