Stories By Bernard Wafula
Over 27 local fintechs gain access to Pesalink through groundbreaking deal
Jun 25, 2025 at 01:41 PM
A new deal between Integrated Payment Services Limited (IPSL) and Kenya’s Fintech Alliance is set to reshape how financial startups plug into the country’s mainstream banking s...
How KRA’s new PAYE system will change tax filing for employers from July
Jun 25, 2025 at 11:21 AM
The Kenya Revenue Authority (KRA) has announced a significant overhaul of the Pay As You Earn (PAYE) filing process, introducing a simplified system expected to take effect from Ju...
Soren Investment Company completes acquisition of Gulf African Bank
Jun 24, 2025 at 11:03 PM
Kenya’s banking industry has recorded yet another significant foreign investment after the Competition Authority of Kenya gave the green light to Soren Investment Company Limited...
Kenya explores India’s UPI system to reshape digital payments, lower costs
Jun 23, 2025 at 10:35 PM
Kenya is holding talks that could reshape its digital payments ecosystem, as the country seeks to introduce India’s Unified Payments Interface (UPI)....
Equity takes over TransCentury and East African Cables in Sh2.2 billion loan row
Jun 21, 2025 at 12:43 AM
Equity Bank has assumed control over TransCentury and its subsidiary, East African Cables, after the expiry of court orders that had previously suspended any action....
NCBA Bank 99th branch in Kawangware, eyes SMEs with tailored financial services
Jun 20, 2025 at 08:37 PM
NCBA Bank has officially unveiled its 99th branch in Kenya, and in effect strategically planted its flag in Kawangware, a densely populated and economically vibrant area in Nairobi...
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EADB signs historic Sh5.2 billion deal for SMEs and infrastructure development
Jun 17, 2025 at 11:52 PM
The East African Development Bank (EADB) has entered into its largest financing agreement to date with the OPEC Fund for International Development, securing Sh5.2 billion to advanc...
KRA eyes AI and digital systems to close tax loopholes, strengthen VAT collection
Jun 17, 2025 at 10:57 PM
Technology is taking centre stage in the Kenya Revenue Authority’s (KRA) efforts to address tax evasion and improve the collection of value-added tax (VAT), which remains a criti...
Govt Sh4 billion annual sugar industry funding pledge fuels changeover hope
Jun 16, 2025 at 03:02 PM
The government has pledged a significant Sh4 billion yearly injection into Kenya’s sugar industry, signalling a fresh start for the sector....
National Treasury moves to clear Sh229 billion pending bills dating back to 2005
Jun 13, 2025 at 12:47 PM
Businesses, contractors and suppliers who have endured years of waiting for government payments may soon have cause for optimism, as the National Treasury has announced plans to se...
Kenya set to resume IMF talks as CBK signals new push for foreign funding
Jun 12, 2025 at 11:21 AM
Kenya will begin formal negotiations with the International Monetary Fund (IMF) in September, as the government moves to secure a new funding arrangement and undergo its scheduled ...
CBK marginally cuts benchmark lending rate in its latest review as inflation drops
Jun 11, 2025 at 03:49 PM
Kenya’s central bank has slashed its benchmark lending rate by 25 basis points to 9.75 per cent, citing easing inflation and signs of recovery in private sector credit and econom...
Equity Bank tops Kenya’s brand value ranking as Tusker records fastest rise
Jun 11, 2025 at 10:29 AM
In Kenya’s brand landscape for 2025, Equity Bank once again secured the crown as the country’s most valuable brand, with its worth rising to Sh71.3 billion, marking an 8 per ce...
Kenyan startups raise over Sh4 billion as Africa’s May tech funding hits Sh33 billion
Jun 10, 2025 at 09:08 PM
Kenyan startups secured an estimated Sh4 billion in funding in May, standing firm as the fourth most funded tech ecosystem in Africa, even as Egypt swept the month with a commandin...
Absa and Visa roll out groundbreaking business credit card to empower MSMEs
Jun 10, 2025 at 03:38 PM
Absa Bank Kenya has partnered with Visa to launch the Absa Business Credit Card, which is designed to provide financial flexibility for Micro, Small, and Medium Enterprises (MSMEs)...
CAK seeks powers to regulate digital lenders amid surge in public complaints
Jun 10, 2025 at 11:39 AM
Kenya’s digital lenders could soon face tighter scrutiny, as the Competition Authority of Kenya (CAK) moves to secure legal authority to oversee the sector, following a sharp ris...
10 African countries with highest debt to China and how they used borrowed cash
Jun 09, 2025 at 03:59 PM
China’s lending to Africa is once again on the rise, with new figures revealing that Angola alone has borrowed Sh6.9 trillion over two decades, more than any other African nation...
Equity Group ushers in new chapter with major changes in its Board of Directors
Jun 09, 2025 at 07:32 AM
Equity Group is preparing to usher in a fresh chapter in its governance structure by replacing four Kenyan directors with six foreign nationals, as part of its strategic pivot towa...
Twiga Foods halts operations temporarily as it shifts to new strategy and location
Jun 09, 2025 at 06:50 AM
Twiga Foods, a prominent player in Kenya’s fresh produce and retail distribution sector based in Nairobi, has temporarily suspended its delivery operations as it undertakes a sig...
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Kenya loses Sh23.2 billion in gold each year as illicit exports dwarf official figures
Jun 05, 2025 at 11:32 AM
A new report has revealed that Kenya is quietly bleeding an estimated Sh23.2 billion annually through illicit gold exports, with smuggled consignments outweighing the country’s d...
