Latest finance stories from across Kenya.
Diamond Trust Bank (DTB) has today announced a new simplified pricing model for Pesalink transactions. Customers will pay a flat fee of KES 20 for transfers above KES 1,000. Transactions below KES 1,000 and below will be free. Pesalink…
Airtel Money and Absa Bank have announced the introduction of a new service that enables direct transfers from Airtel Money wallets into Absa Bank accounts. This is alongside the simplified payments to Absa merchant paybill numbers. The…
Every month, individuals and groups faithfully set aside money in accounts or physical wallets as savings, unaware that funds that sit idle are not interest-earning, but a missed opportunity. Across the country, however, a quiet shift is…
Credit Bank is looking into working with the fintech company Anzens to add a stablecoin backed by the dollar to its banking services. The initiative is currently in an exploratory phase and subject to regulatory engagement with the Central…
Invest Kenya participated in the Italy–Kenya Economic Forum in Rome on Monday, where Kenya engaged Italian investors and institutions to advance strategic partnerships across priority sectors of the economy. The forum brought together more…
Anzens, issuer of USDA, a dollar-backed stablecoin enabled by cross-border payments infrastructure, has partnered with Credit Bank PLC, a commercial bank licensed by the Central Bank of Kenya, to explore the integration of its solution…
Kenya Craft Silicon proudly announces the official recognition as an authorized payment option of its innovative digital payment platform, TouristTap, by the Government of Kenya, marking a transformative milestone for the country’s tourism…
VALR, Africa’s largest crypto exchange by trade volume, has integrated with Onafriq, the continent’s leading digital payments gateway. This partnership enables VALR users across Africa to fund their accounts directly through mobile money…
Renew Capital has announced the launch of the Renew Venture Lab: The EmFi Series, a new program aimed at identifying and supporting African tech founders building the next generation of financial solutions across the continent. The program…
Diamond Trust Bank (DTB) has launched DTB Wearables, a new range of contactless payment solutions designed to offer greater convenience, speed, security, style, and lifestyle integration for customers making everyday payments. The…
Visa has spotlighted 18 high-growth fintech startups from 10 African countries at the Visa Africa Fintech Accelerator Cohort 5 Demo Day, held during GITEX Africa in Marrakech. Marking a major milestone for the program, Visa also announced…
Verto has introduced US-dollar business accounts for companies that are doing business between the United States and Africa. The accounts are designed to offer a more stable way to receive, hold and move funds. This is particularly…
Investing plays a central role in wealth creation, financial security, and long-term economic growth. Yet for many individuals, investing still feels distant or complex. Perceptions around the need for high capital and technical language…
Kenswitch and Visa have partnered to help advance payment innovation and strengthen the country’s domestic processing and settlement ecosystem. The partnership brings together Kenswitch’s national payments infrastructure and Visa’s global…
LOOP is taking a different approach on its lifestyle commerce strategy this Easter by combining device financing, retail discounts and event access through its in-app marketplace, LOOP Discover. The core of this campaign is a Buy Now Pay…
Paymentology has announced a new strategic partnership with South Africa’s digital-first bank Bank Zero. The partnership positions Bank Zero as a gateway for fintechs, retailers, SMEs and digital platforms looking to launch financial…
At Safaricom Decode 4.0, Safaricom previewed My OneApp, a new unified platform designed to merge the M-PESA and MySafaricom apps into a single app. According to Safaricom, the biggest friction point for users today is it’s fragmentation…
At Safaricom Decode 4.0, Safaricom PLC made a subtle shift in how it describes its flagship product, M-PESA. M-PESA is now being positioned as a core layer of Kenya’s digital financial infrastructure. Speaking during the fintech session,…
Visa has announced the availability of Visa Intelligent Authorization in Kenya. The solution was launched during the Visa Connect Kenya forum and is part of the Visa Acceptance Platform. It is designed to help acquirers streamline…
NCBA Group PLC has posted a net profit of KES 23.4 billion for the full year ending 2025, marking a 7% increase from KES 21.9 billion recorded in 2024. The results reflect sustained growth across its core banking and digital segments,…
Equity Group is betting heavily that artificial intelligence will define the future of banking. The lender has revealed that 98.2% of all transactions now happen outside physical branches. Equity has invested heavily in digital…
The most common reason why small businesses fail is a lack of funding or working capital. A business needs a certain amount of money to keep operations running on a day-to-day basis. This includes expenses such as stock, funding payroll,…
Are you a small business looking for financing for your business? Well, the Co-operative Bank of Kenya has some of the best financing options tailored for various SMEs’ needs. Below are some of the SME financing products offered by the…
Last week, Ndovu Wealth Limited launched the Kibaba Multi-Asset Special Fund in Kenya. This Fund is available in both Kenyan shillings and US dollars. It is targeting medium to long-term investors with a moderate risk appetite. Investors…
