Stories By Bernard Wafula
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DTB to increase lending to individuals, SMEs to back Kenya economic stability
Feb 20, 2025 at 11:01 PM
Diamond Trust Bank (DTB) is setting its sights on increased lending to individuals and small businesses, banking on Kenya’s economic stability to drive growth....
68 per cent of SMEs in Kenya plan to expand digital payments - Visa report
Feb 14, 2025 at 12:13 PM
Kenyan small and medium-sized enterprises (SMEs) are increasingly embracing digital payment technologies, recognising their crucial role in driving business growth, according to a ...
Kenyan banks cut their lending rates to a four-month low amid pressure from CBK
Feb 14, 2025 at 10:19 AM
Kenyan borrowers are set to benefit from lower interest rates after most commercial banks slashed their lending rates to a four-month low....
Jubilee Health Insurance unveils J-Force to reshape insurance distribution
Feb 12, 2025 at 09:40 PM
A new era of digital insurance distribution has begun with the launch of J-Force, a platform by Jubilee Health Insurance aimed at simplifying how policies are managed and processed...
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Equity Bank slashes lending rates again after CBK latest monetary policy review
Feb 12, 2025 at 08:55 PM
Equity Bank Kenya has announced a reduction in interest rates on all Kenya Shilling-denominated loans, both new and existing, in response to the Central Bank of Kenya’s (CBK) lat...
KNCCI survey reveals top challenges facing Kenyan businesses in 2025
Feb 12, 2025 at 08:10 PM
Kenya’s private sector is staring at a challenging year ahead, with high taxation, rigid government policies, and restricted access to capital emerging as the biggest threats to ...
SBM Bank partners with gym to promote fitness and wellness of its elite customers
Feb 10, 2025 at 06:29 PM
SBM Bank Kenya has partnered with Westgate Shopping Mall’s W Exclusive Fitness and Wellness luxury gym in Nairobi to boost the well-being and fitness of its elite customers and s...
How Bolt is leveraging technology to enhance safety of riders and drivers
Feb 09, 2025 at 04:00 PM
In a bustling metropolis like Nairobi, where the rhythm of life flows through the daily ebb and flow of ride-hailing services, safety is paramount....
KenGen’s profit jumps 79 per cent to Sh5.3 billion despite stagnant revenue
Feb 07, 2025 at 02:11 PM
Kenya Electricity Generating Company (KenGen) PLC has posted a 79 per cent rise in after-tax profit for the six months ending December 31, 2024, driven by aggressive cost-cutting a...
Kenya Pipeline eyes NSE listing after record Sh3 billion dividend payout
Feb 06, 2025 at 07:06 PM
The Kenya Pipeline Company (KPC) is considering an Initial Public Offering (IPO) at the Nairobi Securities Exchange (NSE), according to National Treasury Cabinet Secretary John Mba...
CBK cuts CRB lending rate to 10.75 per cent in bid to spur economic growth
Feb 06, 2025 at 12:37 AM
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR) by 50 basis points, lowering it to 10.75 per cent fr...
Equity, IFC unveil Sh2.58 billion risk-sharing facility for marginalized groups
Feb 05, 2025 at 03:58 PM
Kenya’s marginalised communities, including refugees in Turkana and Garissa, are set to benefit from a $20 million (approximately Sh2.58 billion) Risk Sharing Facility (RSF) laun...
440km Nairobi-Mombasa expressway secures Sh452 billion US funding boost
Feb 04, 2025 at 07:31 PM
A new chapter in Kenya’s transport infrastructure is unfolding as plans for the Usahihi Expressway, a 440-kilometre dual carriageway linking Nairobi and Mombasa, gain momentum....
Kenya’s mobile money transactions fall for second year due to economic strain
Feb 04, 2025 at 01:15 PM
Kenya’s mobile money transactions dropped for the second consecutive year in 2024, with Kenyans moving Sh6.59 trillion, marking a 17 per cent decline from $61.5 billion transacte...
Fitch Ratings maintains Kenya's 'B-' rating despite economic hurdles
Feb 03, 2025 at 12:33 PM
Fitch Ratings has maintained Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a stable outlook, signalling some positive economic prospects despite ong...
BRS launches probes amid panic over data breach in Kenya company registry
Feb 03, 2025 at 09:22 AM
Following reports of a possible data breach affecting its company registry, the Business Registration Service (BRS) has launched an investigation to determine the extent of the inc...
Absa Bank Kenya clinches Top Employer Certification for fourth consecutive year
Jan 31, 2025 at 06:50 PM
Absa Bank Kenya has once again earned the prestigious title of Africa’s top employer, a recognition it has now held for four consecutive years, affirming its position as a leadin...
Apple’s AI push fails to boost iPhone sales as market challenges persist
Jan 31, 2025 at 06:08 PM
Apple’s efforts to revive its iPhone sales through artificial intelligence (AI) enhancements did not yield the expected boost during the holiday quarter, as global sales slipped ...
Kenya Power records 5.4 per cent decline in revenue to Sh107.4 billion in HY2024
Jan 31, 2025 at 03:42 PM
Kenya Power and Lighting Company (Kenya Power) has reported a decline in revenue for the half-year ending December 31, 2024, despite benefiting from cost savings attributed to a st...
Kenya Bankers Association calls for CBK to lower CBR to boost credit access
Jan 30, 2025 at 08:37 PM
The Kenya Bankers Association (KBA) has called on the Central Bank of Kenya (CBK) to lower the Central Bank Rate (CBR) to ease access to credit and support economic growth, citing ...
