Topic: East Africa
13 reasons why you should pick NCBA Bank as your ultimate financial partner
May 30, 2025 at 07:38 PM
In the current dynamic financial landscape, selecting the right banking partner that will meet all your financial needs has never been more critical....
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I&M Bank pre-tax profit grows to Sh5.9 billion in Q1 2025 as subsidiaries fatten
May 27, 2025 at 07:02 PM
I&M Group PLC registered a 16 per cent surge in profit before tax during the first quarter of 2025, reaching Sh5.9 billion compared to Sh5.1 billion in the same period last year....
Kenya and India forge stronger economic ties with landmark investment deal
May 27, 2025 at 12:06 PM
Kenya Investment Authority (KenInvest) and the India Kenya Business Council (IKBC) have inked a fresh investment agreement in Nairobi, setting in motion a new chapter of commercial...
Why Kenya Government is planning to sell part of 35 per cent stake in Safaricom
May 26, 2025 at 11:33 AM
The National Treasury has confirmed plans to partially offload the government’s 35 per cent stake in Safaricom in an effort to generate Sh149 billion by the end of the 2025/26 fi...
KCB Group posts Sh16.53 billion profit after tax in Q1 2025 as NPLs remain high
May 21, 2025 at 10:37 PM
KCB Group PLC has reported a post-tax profit of Sh16.53 billion for the first quarter ending March 2025, showing a slight rise from Sh16.48 billion recorded over the same period la...
Safaricom and iXAfrica launch Kenya’s inaugural AI-ready data centre in Nairobi
May 13, 2025 at 03:44 PM
Safaricom has partnered with iXAfrica Data Centre to introduce the first artificial intelligence (AI)-ready data centre services in East Africa, targeting enterprise and cloud clie...
ANNEPEACE ALWALA: AI and tech have potential to grow Kenyan lives, economy
Mar 06, 2025 at 11:48 AM
In a rapidly evolving digital landscape, Artificial Intelligence (AI) and other technologies hold great potential for transforming lives, economies, and even societies....
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HMD trains Kenyans on spotting counterfeit phones amid rising fakes
Feb 14, 2025 at 09:37 PM
Human Mobile Devices (HMD) has stepped up efforts to protect Kenyan consumers from counterfeit mobile phones, offering crucial insights on how to verify authenticity when making pu...
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 ...
Kenya ranked 121st in global corruption index as report warns of worsening crisis
Feb 11, 2025 at 12:48 PM
Kenya has been ranked 121st out of 180 countries in the latest global corruption index, painting a grim picture of persistent graft despite marginal progress....
How rogue employees fuelled cyber fraud in Africa’s financial sector in 2024
Jan 30, 2025 at 12:48 PM
A new report has lifted the lid on the biggest cyber threat of 2024—insider-led fraud—exposing how rogue employees helped criminals infiltrate financial systems and steal billi...
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Starlink unveils Nairobi PoP to reduce latency for its users across East Africa
Jan 23, 2025 at 12:31 AM
Starlink has launched a new Point of Presence (PoP) in Nairobi, Kenya, a development poised to revolutionise internet connectivity in East Africa....
Why CMC Motors is exiting East Africa after operating for more than 40 years
Jan 17, 2025 at 02:38 PM
CMC Motors Group has announced plans to gradually cease operations in Kenya, Tanzania, and Uganda, citing persistent market challenges....
Mombasa port solidifies regional trade hub status with record cargo volumes
Jan 10, 2025 at 05:06 PM
The Port of Mombasa recorded a milestone in 2024, handling 41.1 million tonnes of cargo, a 14.2 per cent increase from the 35.98 million tonnes managed in 2023....
Kenyan fintech Leja surpasses Sh256 billion in B2B transactions in 2024
Dec 10, 2024 at 01:54 AM
Kenyan fintech firm Leja has announced that its B2B payment service has processed $2 billion (approximately Sh259 billion in transactions since its launch earlier this year....
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Sochitel Group brings its cross-border digital products to Kenya, East Africa
Dec 04, 2024 at 01:56 AM
Sochitel Group has announced the launch of its e-voucher solutions in East Africa in an endeavor to offer services that simplify transactions and enhance business efficiency....
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AERC Summit to explore Africa's US$65 billion FinTech growth by 2030
Nov 25, 2024 at 06:55 PM
Africa’s FinTech market is projected to surge thirteenfold to US$65 billion by 2030, with a compound annual growth rate (CAGR) of 32 per cent, according to a recent report by pro...
KCB Group post-tax profits soars by 49 per cent to Sh45.8 billion in Q3 2024
Nov 21, 2024 at 12:58 AM
KCB Group Plc has reported an impressive 49 per cent increase in its profit after tax, reaching Sh45.8 billion for the first nine months of 2024, up from Sh30.7 billion in the same...
Tanzanian giant AMSONS Group secures green light for Bamburi Cement takeover
Nov 14, 2024 at 06:03 PM
Tanzanian conglomerate AMSONS Group has received major regulatory approval to acquire up to 100 per cent of Kenya’s leading cement manufacturer, Bamburi Cement PLC....
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Watu Simu hits 1 millionth customer milestone in Kenya’s mobile finance market
Nov 12, 2024 at 10:28 AM
Watu Simu, a subsidiary of Pan-African asset finance provider Watu, has achieved a landmark success by selling over one million smartphones in Kenya—a significant stride in bridg...
