Category: Economy&Finance
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President William Ruto presides over the signing of the MoU. PHOTO/COURTESY Kenya’s Vipingo Special Economic Zone (SEZ) is set for a major boost after KCB Group PLC and the African Export-Import Bank (Afreximbank) committed fresh financing worth Sh64 billion to support investors setting up operations in the coastal hub. The two institutions sealed the deal…
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Sanlam Kenya PLC Chairman Dr John Simba (left) shares a light moment with the company’s Group CEO Dr Patrick Tumbo. PHOTO/COURTESY Sanlam Kenya Plc will turn to its investors on October 9, 2025, when it convenes a virtual Extra-Ordinary General Meeting to decide whether the firm should adopt a new name, Sanlam Allianz Holdings (Kenya)…
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African Development Bank Kenya. PHOTO/COURTESY The African Development Bank (AfDB) has warned that fragile public financial management systems are endangering Africa’s growth ambitions, urging governments to enforce stronger fiscal controls. The appeal was made in Nairobi during the launch of a training programme on public financial management, where officials from the Bank underscored the urgency…
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Lee Kinyanjui and Dr Dev Haman. Kenya will host the 2025 Common Market for Eastern and Southern Africa (COMESA) Summit at the Kenya International Convention Centre (KICC) in Nairobi October 7–9, 2025. The high-level gathering is set to draw Heads of State and Government, ministers, policymakers, private sector leaders, and development partners from across the…
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Esther Waititu. PHOTO/SAFARICOM Safaricom has unveiled what it calls the most significant upgrade of the M-PESA platform since 2015, a bold step designed to future-proof Africa’s leading fintech service as it turns 18. The upgrade, christened Fintech 2.0, introduces a new-generation core platform built to strengthen resilience, expand capacity, and unlock advanced AI-driven innovation. For…
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Westlands skyline. PHOTO/MAC OTANI Kenya’s wealthiest individuals are no longer just stacking cash in real estate or stocks. A newly released report reveals that they are pouring big money into lifestyle-driven “passion investments” and the numbers tell it all. According to the Wealth Report 2025 – Kenya Edition, which was launched at a Stanbic Bank…
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James Gossip at an NCBA Customer engagement luncheon. PHOTO/NCBA NCBA Bank Kenya has turned its spotlight on the Mt Kenya region in its latest bid to entrench a customer obsession agenda that is reshaping how the bank connects with its customers. NCBA Kenya Managing Director James Gossip led the high-level team to Kerugoya, Karatina, Nyeri,…
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James Gossip at an NCBA Customer engagement luncheon. PHOTO/NCBA NCBA Bank Kenya has turned its spotlight on the Mt Kenya region in its latest bid to entrench a customer obsession agenda that is reshaping how the bank connects with its customers. NCBA Kenya Managing Director James Gossip led the high-level team to Kerugoya, Karatina, Nyeri,…
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At just 26 years old, Joseph Kinyua from Nairobi has become the talk of his community, living the kind of life many people only imagine. Outside his spacious six-bedroom house sit six luxury cars, each a symbol of how far he has come. Yet not long ago, his story looked very different. Joseph was struggling…
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At just 23, Peter Muthee from Nyeri stood outside his elegant five-bedroom home, its golden gates glistening in the afternoon sun. Parked neatly along the driveway were six sleek cars—symbols of how far he had come. Only a year earlier, Peter struggled to raise bus fare to get to college. Today, he was earning over…