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Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has launched innovative in-person payment solutions in Kenya, as part of its plans to transform payment across Africa.
“Launching our point-of-sale solutions is part of our strategy to enter the in-person payments market in Kenya. As a...
While releasing the full year 2024 results, Dr. James Mwangi, Equity Group Holdings Plc Managing Director and CEO, said, “We are proud of the resilience demonstrated by the Group amidst a challenging global economic landscape. Our financial strength gives us the flexibility to seize opportunities as the regional economy presents diversified levers for growth. The Group’s liquidity...
I&M Group PLC has recorded a Profit Before Tax of KES 20.8 billion for the period ending 31 December 2024, representing 25% growth driven by increased operating income and strategic focus on MSME lending and digital transformation.
The MSME loan book more than doubled, reinforcing the Group’s commitment to catalysing economic growth and job...
The National Oil Corporation of Kenya Ltd (NOC) has entered into a strategic partnership with RUBiS Energy Kenya, marking a significant milestone in the enhancement of Kenya's oil and gas sector. This collaboration follows the successful completion of the Specially Permitted Procurement Procedure (SPPP) for a non-equity strategic partner, in compliance with the Public Procurement and Asset...
The World Rally Championship (WRC) Safari Rally is a prestigious global motorsport event that not only puts Kenya on the international rallying map but also serves as a significant driver of local and international tourism. As the 2025 edition unfolds, Finsco Africa proudly stands at the forefront, sponsoring two rally cars and reinforcing its commitment to both...
Adverse weather conditions and foreign currency fluctuations, coupled with Geopolitical tensions in the Middle East, occasioned a difficult trading environment for listed superfoods producer Kakuzi Plc (NSE: KUKZ) last year, leading to a pre-tax loss of Ksh 167 million, the firm has announced.
In its 2024 financial-year trading results released today, the Kakuzi Board has recommended...
AIG Kenya has rebranded to NCBA Insurance Company after it was acquired by NCBA Group last year.
The insurer now joins six other subsidiaries under the Group’s umbrella.
“NCBA-IG will now become more competitive with amplified positioning in the market and inspire growth as a trusted insurance solutions partner to deliver...
Kenyans are borrowing Sh500 million daily from digital lenders such as Tala and M-Kopa, among others, a new report shows, highlighting the crucial role online lenders play in the country.
With over 8 million Kenyans, or about 16 percent of the population, actively borrowing each month, this translates to Sh15 billion borrowed monthly, as...
NCBA Group mobile loans grew by 23 percent to Kes1 trillion in the 2024 fiscal year compared to a similar period in 2023, boosted by a financial inclusion campaign that reached over 60 million users.
An increase in digital loans contributed to the Group’s profit after tax growth, which ballooned by 2 percent to...
Standard Chartered Bank profit after tax expanded by Sh6.23 billion to Sh20 billion last year on the back of improved incomes from interest and non-interest segments.
During a similar period in 2023, the lender recorded a Sh13.8 billion net profit.
For instance, the bank’s net interest income increased by 13 percent...
Telecommunication service provider Safaricom yesterday launched Ziidi, a wealth management product that is set to disrupt the country’s retail investment sector.
Speaking yesterday during an occasion to celebrate 18 years of M-PESA, Safaricom CEO Peter Ndegwa said the firm will continue investing in the platform to provide a one-stop-shop for subscribers’ financial needs.
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