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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...
Family Bank has reported a net profit of Sh5.38 billion for the full year ending December 2025, up from Sh3.5 billion recorded in a similar period in 2024.
The profit after tax, representing a 55.4 percent growth, was driven by stronger revenues from both interest and non-interest income streams.
Net interest...
Consolidated Bank, which is fully owned by the Kenyan Government, has posted a 261 percent growth in profit after tax to Sh217.5 million for the full year ending December 31, 2025, an improvement from a loss of Sh135 million in 2024.
Profitability was boosted by a 38 percent rise in net interest income to...
Agri-fintech firm Avenews has partnered with the Fresh Produce Consortium of Kenya (FPCK) to roll out a financing solution aimed at addressing cash flow challenges in the country’s fresh produce sector.
The initiative introduces an invoice discounting model that allows suppliers to access working capital within hours of delivering produce, helping them avoid long...
Acorn Investment Management Limited has reported a Sh1.52 billion profit for the full year ending December 31, 2025, representing a 9.2 percent increase compared to 2024.
The growth was supported by improved performance across its student accommodation real estate investment trusts (REITs).
Income from the Acorn Student Accommodation Income REIT (ASA...
I&M Group posted a 24 percent rise in net profit to Sh19.8 billion for the year ending December 31, 2025, driven by strong performance across its Kenyan and regional subsidiaries.
Total revenue grew by 19 percent to Sh60.3 billion, supported by a 16 percent increase in net interest income to...
Sidian Bank has appointed John Okulo as its new Managing Director and Chief Executive Officer, effective May 1, 2026.
Okulo joins from KCB Bank Kenya, where he currently serves as Director of Corporate Banking, overseeing strategic client relationships, financial performance, and risk frameworks.
He will replace Chege Thumbi, who is set...
KCB Bank Kenya has secured Sh12.5 billion from the Green Climate Fund (GCF) to support green projects owned by Micro, Small and Medium Enterprises (MSMEs) and farmers.
The blended finance initiative, comprising concessional lending, a guarantee, and a grant, will fund value-chain and gender-inclusive interventions. These include adoption of solar-powered and clean cooking technologies,...
KCB Bank Kenya has appointed Peter Kipkorir Ng’eno as new Director of Corporate Banking, effective March 27, 2026, following the departure of John Okulo.
Ng’eno, whose appointment is subject to regulatory approval, previously served as Executive Head of Client Coverage and Business Development in the Corporate Banking Division since February 2022.
The Nairobi Securities Exchange (NSE) has posted a profit after tax of Sh272.2 million for the full year ending December 31, 2025, marking a 134 percent increase from a similar period in 2024.
The bourse attributed the growth to increased trading activity across both equities and fixed-income markets.
Equity market turnover...
SBM Bank Kenya has launched the Busara Banking App, a new platform designed to help children learn saving, spending and financial responsibility.
The app allows parents to assign chores and link them to rewards or allowances, helping children earn and manage money in a supervised setting.
CEO Bhartesh Shah said the...
