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.
BuuPass, Kenya's leading digital travel platform, has partnered with Team SWAT Logistics and Management Ltd, a key bus operator serving Western Kenya.
BuuPass, previously known as Magic Bus Ticketing, is a centralized digital marketplace which enables travelers to book and pay for their intercity bus tickets from the comfort of their homes; enabling cashless...
AGRA has welcomed its new president, Alice Ruhweza.
Ruhweza succeeds Dr Agnes Kalibata, who has successfully led AGRA through two transformative terms.
AGRA is a nonprofit organization that aims to transform agriculture in Africa and improve food security and nutrition.
In a statement released on Tuesday, AGRA said Ruhweza...
Airtel Kenya has unveiled its new Smarta Bundles, a comprehensive offering designed to simplify the lives of its customers by combining communication and mobile money services into a single, value-packed package.
This initiative aims to provide a smarter way for users to stay connected and manage their financial transactions seamlessly. The Smarta Bundles come with increased allocations for...
Schneider Electric, a global leader in the digital transformation of energy management and automation, has enhanced its pledge to support technical education in Kenya by substantially donating components and products to Technical and Vocational Education and Training (TVET) institutions nationwide.
The donations were officially handed over during a ceremony at Schneider Electric’s Nairobi offices...
Kenya Airways Cargo (KQ Cargo) has been named Highly Acclaimed African Air Cargo Airline of the Year at the Air Cargo Africa Conference 2025, reaffirming its leadership and commitment to excellence in cargo operations.
The prestigious award, determined through an extensive online voting process by readers of STAT Trade Times, a leading aviation and...
Diamond Trust Bank (DTB) has forecast an increase in lending to individuals and small businesses as Kenya’s economy stabilises and growth picks speed after the difficult times encountered last year. DTB Kenya Chief Executive Officer Murali Natarajan said the banking sector’s credit is also likely to double in the next decade from $32 billion if the current...
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