Dream Credit: BEING LISTED IN CRB IS NOT A FINANCIAL DEATH SENTENCE, YOU CAN REBUILD YOUR CREDIT SCORE

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Dream Credit: BEING LISTED IN CRB IS NOT A FINANCIAL DEATH...

Staff Writer - October 2, 2024

By Lilian Gachoki While technology has eased access to credit, it has also made it hard for people with a...

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The signing ceremony took place in Kisumu, with Governor Prof. Anyang’ Nyong’o representing the county government and UN-Habitat Executive Director in Kenya, Anaclaudia Rossbach, signing on behalf of the UN agency. Under the agreement, both parties commit to jointly implementing the housing upgrade project, which Governor Nyong’o said will primarily target vulnerable groups. “The PINUA programme [is] designed to benefit the most vulnerable members of the community,” Nyong’o said, reaffirming his administration’s commitment to fostering sustainable neighborhoods equipped with essential services. Beginning November 1, 2025, the county government, working with UN-Habitat, will launch pilot projects in Kibuye Estate and Muhoroni Sub-County, based on designs and models developed through extensive public participation. The programme will focus on upgrading informal settlements by providing essential social infrastructure such as schools, sanitation facilities, affordable rental housing, early childhood development centres, and public open spaces. It also supports incremental housing models, allowing families to progressively build and eventually own decent homes. Rossbach emphasized UN-Habitat’s global commitment to driving transformative change in urban areas: “This partnership is crucial in advancing our new strategy, which focuses on improving housing access and digitally transforming informal settlements for everyone.” According to UN-Habitat housing architect Fred Omenya, the pilot phase will begin in January 2026 with the construction of two blocks of 24 housing units in Kibuye Estate.

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KCB Bank has signed agreements with 29 public and private universities to provide tailored financing and digital solutions aimed at supporting infrastructure development, operations, and financial access for staff, students, and suppliers. Click here to connect with us on WhatsApp The initiative will offer project finance, working capital, and digitized payment systems for institutions, alongside salary advances, mortgages, asset financing, and insurance products for teaching and non-teaching staff. Universities will also have access to green energy financing options such as solar power and biogas. Students will benefit from fee payment plans, digital banking tools, and a three-month internship programme targeting over 10,000 learners to boost practical skills and industry exposure. KCB says the programme will also extend credit and training to SMEs and suppliers linked to the universities, while surrounding communities will access enterprise development, environmental conservation projects, and scholarships through the KCB Foundation. The move comes as public universities grapple with funding shortfalls amid rising enrolment and infrastructure needs. Government data shows that most institutions face growing financial pressures, prompting calls for private sector partnerships to sustain the sector. According to Higher Education Principal Secretary Dr. Beatrice Inyangala, the collaboration aligns with government efforts to promote sustainable, inclusive, and digitally enabled higher education.

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KCB to offer tailored financing to universities

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The Communications Authority of Kenya (CA) latest report also shows that parcels sent abroad through courier companies rose slightly from 24,638 in Q3 to 24,809 in Q4, while international incoming parcels recorded a significant drop, from 194,148 in Q3 to 30,583 in Q4. On the other hand, the operators managed to handle 810,236 letters, a decrease from the previous quarter, when they had handled 827,994 letters. During the review period, the number of domestic courier letters increased slightly, from 764,948 in Q3 to 769,458 in Q4. However, international outgoing letters fell sharply to 8,738 in Q4 from 23,506 in Q3, while incoming letters also declined to 32,040 in Q4 compared to 39,540 in the previous quarter. The report has, however, noted that the revenue collected from the courier services has, over the years, shown promising results after the government managed to collect Sh1.20 billion in 2024 compared to Sh900 million in 2023. “The total revenues reported by private courier operators offering national and international courier services grew by 1.0 percent in 2024 to KSh. 6.28 billion. Additionally, revenues collected by national courier operators increased by 33.3 percent, from 0.90 billion reported in 2023 to 1.20 billion in 2024,” the report stated. In the past year, employment in the country’s courier sector has also seen steady growth, with the number of people working in courier services reaching 6,736 in Q4 of 2024/2025, up from 6,387 in the same quarter the previous year.

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Private courier firms lift parcels handled in Q4 to 3.06mn

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Kenya’s cloud and artificial intelligence boom may be entering its most consequential phase yet, as new data suggests local consultancies, AI startups and systems integrators stand to earn dramatically more from Amazon Web Services (AWS) than previously understood. A study by US-based research firm Omdia reveals that AWS partners worldwide can now generate “up to a $7.13 (Sh900) multiplier for every $1 (Sh130) of AWS sold,” a figure with enormous implications for East Africa’s technology ecosystem. The report, titled "Partner Ecosystem Multiplier: The AWS Opportunity 2025," was released on the sidelines of the AWS: Re-Invent event in Las Vegas, Nevada, which kicked off on December 1 and ends on December 5. It reached this conclusion after Omdia conducted in-depth interviews with 35 AWS partners across various geographies and partner types. The report’s central argument is blunt: in a region where businesses are hungry for automation, resilient infrastructure, and AI-powered customer engagement, the biggest revenue doesn’t come from selling cloud technology itself. Instead, it comes from the advisory, design, build, adoption, and managed services wrapped around it, the same areas where Kenyan firms have sought to differentiate themselves. “In the new era of AI, Omdia has forecasted a services opportunity tied to generative and agentic AI of $267 billion by 2030,” the research notes, positioning partners as the engines of this expansion. With Kenya’s financial institutions, telcos, and public agencies accelerating cloud migrations, the findings sharpen the conversation about who will capture the next decade of revenue. Kenyan companies already recognize the shift. For years, Kenya’s cloud market has revolved around foundational migrations: moving banks off aging data centres, helping enterprises modernize digital infrastructure, or building customer-facing platforms with elasticity and scale. But companies across Nairobi’s tech districts, from Westlands to Upper Hill to Ngong Road, are now repositioning their services for an AI-first world. The Omdia numbers help make the business case. The report states bluntly that 82 per cent of AWS partners are now delivering some form of AI as part of their transformation delivery, a seismic shift that mirrors Kenya’s adoption pattern: AI chatbots in banking, machine learning in fraud detection, recommender engines in e-commerce, and predictive analytics in agriculture and logistics. “Amazon Web Services (AWS) continues to be the market-leading provider of public cloud infrastructure in terms of market share. For customers to unlock the full opportunities of AI in their public cloud environments, they lean on a wide variety of services and expertise from their technology providers, specifically the partners within the AWS Partner Network.”

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Bolttech said the acquisition will allow it to integrate mTek’s technology into its global embedded insurance ecosystem. Stephan Tan, Chief Executive Officer for EMEA at bolttech, said, “This represents an exciting step forward for bolttech as we expand our footprint in Africa. mTek’s innovative platform and talented team share our vision of using technology to make protection more accessible.” “Together, we can accelerate digital transformation in insurance and extend the reach of embedded protection across the region.” mTek’s leadership will remain in place during the transition, with CEO Bente Krogmann continuing to oversee East African operations. Krogmann said the deal sets up the company for wider regional expansion. “Joining the bolttech family marks an exciting next chapter for mTek. Our technology, local insight, and commitment to inclusive insurance have transformed how customers access protection in Kenya, and this partnership allows us to scale that impact even further – bringing more innovative and relevant insurance solutions to customers at scale.” The company is expected to rebrand following the acquisition, as the firms work on integrating systems, staff, and partnerships.

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Dream Credit: BEING LISTED IN CRB IS NOT A FINANCIAL DEATH...

MOST POPULAR

Barclays to rebrand to ABSA

Kisumu, UN-Habitat sign Ksh2.7bn deal for social housing upgrade

Africa’s first ‘true’ cryptocurrency to be launched next year

Safaricom Announces KES 13 Million East African Safari Classic Rally Sponsorship

HOT NEWS

mPharma Acquires Majority Stake in HealthPlus

KCB to offer tailored financing to universities

Safaricom Launches Lipa Na M-PESA Customer and Merchant Promotion

Private courier firms lift parcels handled in Q4 to 3.06mn

EDITOR PICKS

Kenya’s cloud firms can multiply revenue by seven times via AI...

KenGen approves higher dividend on 56% growth in net earnings

Bolttech acquires Kenya’s digital insurance platform mTek

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

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