Yahoo agrees to $50M settlement package for users hit by massive security breach

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Yahoo agrees to $50M settlement package for users hit by massive...

Special Correspondent - October 25, 2018

One of the largest consumer internet hacks has bred one of the largest class action settlements after Yahoo agreed to pay $50 million to...

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Safaricom Opens New Retail Shop in Busia

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Standard Chartered launches SC Shilingi Funds platform, a low-ticket Money Market...

February 16, 2022

Digital Cooperation Organization announces the launch of the Digital Prosperity Awards

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Kenyan Fintech Firm Kwara acquires IRNET from KUSCCO

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NCBA GROUP PLC FINALIZES 100% ACQUISITION OF AIG KENYA

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Kakuzi books a Kshs 494.7 million half-year pretax earnings, reiterates focus...

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

March 27, 2026

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.

Sidian Bank taps KCB’s John Okulo as its CEO

March 27, 2026

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.

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

March 27, 2026

Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

March 23, 2018

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April 27, 2020

Tag: Yahoo

Yahoo agrees to $50M settlement package for users hit by massive...

MOST POPULAR

Safaricom Opens New Retail Shop in Busia

Standard Chartered launches SC Shilingi Funds platform, a low-ticket Money Market...

Digital Cooperation Organization announces the launch of the Digital Prosperity Awards

Kenyan Fintech Firm Kwara acquires IRNET from KUSCCO

HOT NEWS

Fox Wallet Bridges the Gap Between DeFi and CeFi with the...

Nigerian Youth Wins Big at Youthconneckt Africa Summit

NCBA GROUP PLC FINALIZES 100% ACQUISITION OF AIG KENYA

Kakuzi books a Kshs 494.7 million half-year pretax earnings, reiterates focus...

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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Facebook Introduces Messenger Rooms and More ways to connect

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