Top 5 Best SUVs for 2018

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Top 5 Best SUVs for 2018

Special Correspondent - May 21, 2018

With even exotic brands like Bentley, Maserati, and Lamborghini now selling their own super-premium sport-utility vehicles, it seems that a not-so-subtle takeover of the...

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Airtel Money Kenya has signed a partnership with Naivas Supermarket that will allow Airtel Money customers to deposit and withdraw cash across Naivas branches countrywide. The deal is part of Airtel Money’s proactive strategy to expand its agent footprint and get closer to the customer, which heightens the competition for customers with Safaricom’s M-Pesa. Speaking during the signing ceremony, Airtel Money Managing Director, Ms Anne Kinuthia-Otieno, said the partnership, will significantly bolster their ongoing efforts to enhance access to financial services for their customers through their Mobile Money platform. “Today marks a significant milestone for us, as we join hands with Naivas Supermarket to bring enhanced convenience to our customers,” said Ms. Anne Kinuthia-Otieno. “This partnership underscores Airtel Money’s commitment to expanding our reach and ensuring that our services are easily accessible. By offering cash deposit and withdrawal services at Naivas branches nationwide, we are not only strengthening our presence but also reaffirming our dedication to providing seamless and affordable financial solutions through our Mobile Money platform,”

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Sidian Bank Board Chair James Macharia said Thumbi leaves behind a strong legacy, having led a major transformation of the lender. “Mr. Thumbi has had a distinguished banking career spanning over three decades. During his tenure at Sidian Bank, he led a significant transformation of the business, including significantly growing the Bank’s Trade Finance portfolio, increasing the branch network to fifty branches and expanding digital banking and foreign exchange income streams,” Macharia said. He added that the bank strengthened its operations, improved customer experience, and achieved strong growth under Thumbi, culminating in its elevation to a Tier II bank in September 2025. In the year ended December 31, 2025, Sidian Bank posted a 502 percent jump in net profit to Sh1.73 billion. The growth was driven by higher interest and non-interest income, with net interest income rising by 54.4 percent to Sh4.4 billion, while non-interest income surged by nearly 129 percent to Sh3.8 billion.

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About 60 percent of investments will focus on climate adaptation, particularly climate-resilient agriculture and water management technologies, while 40 percent will go towards mitigation efforts such as renewable energy and energy efficiency. Through the facility, KCB will deploy flexible credit products, blended finance structures, and digital lending platforms to scale access to financing for underserved populations. “This is a bold step to scale climate finance. By targeting MSMEs and smallholder farmers, we are ensuring that no one is left behind in the transition to a climate-resilient future,” said Paul Russo. The funding comes as Kenya faces rising climate vulnerability, with over 80 percent of its land classified as arid and semi-arid. These regions frequently experience droughts and floods, causing economic losses estimated at about 3 percent of GDP annually. KCB has been ramping up its green financing efforts, having assessed loans worth Sh578.3 billion for environmental and social risks last year. This brings the cumulative total assessed since 2020 to over Sh1 trillion under its Environmental and Social Due Diligence framework. The bank also disbursed Sh50 billion in green loans in 2025, increasing its green portfolio share to 25.84 percent from 15 percent in 2023, with investments spanning energy transition, blue economy, e-mobility, and climate adaptation initiatives.

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Top 5 Best SUVs for 2018

MOST POPULAR

Kwara Selected for Mastercard Start Path

Food and Beverage ingredients distributor DKSH partners with Valio

Africa Search Capital Acquires Falcon Security Hub

“We are in a race with time to unlock Africa’s full...

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Liquid Intelligent Technologies and Orange partner to expand network reach across...

Women’s leadership slowed by patriarchal norms in Kenya elections: UN Women

Kwara launches regional offices to reach thousands of SACCOs in Kenya

Airtel Money partners with Naivas

EDITOR PICKS

I&M Group net profit up 24pc to Sh19.8bn

Sidian Bank taps KCB’s John Okulo as its CEO

KCB secures Sh12.5bn for SMEs-linked green financing

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

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