Category: Economy&Finance
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Across the world, governments and businesses are waking up to an uncomfortable truth: digitizing processes does not automatically eliminate corruption. Instead, it often digitizes the corruption itself, embedding manipulation into systems that were meant to be cleaner and faster. This new wave of fraud—what I call “e-corruption”—is powered by weak checks, multiple intermediaries, and loopholes…
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The Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Oliver Alawuba, on Tuesday, led a high-powered delegation on a working visit to the Kenyan President and other top government functionaries in the country, reaffirming the Bank’s commitment to accelerating investment and supporting inclusive growth in the country. The Kenyan President, H.E.…
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NCBA Bank has rolled out a suite of financing and digital innovations designed to modernize Kenya’s public transport industry. The announcement was made on Wednesday, September 10, 2025, during a special forum with PSV SACCO officials at the Swiss Lenana Hotel in Nairobi. Speaking at the event, NCBA Director of Transactional Banking, Sally Chege, emphasized…
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KRA offices along Mombasa Road in Nairobi. /WAZA The Kenya Revenue Authority (KRA) has refuted viral social media claims alleging that a tribunal had ruled in its favour to tax all bank account deposits if holders could not prove their source of income. KRA clarified that the decision only affects deposits without proper documentation to…
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Safaricom Unveils Tailored Solutions for Ride-Hailing Drivers and Boda Boda Operators. /PHOTO Safaricom on Tuesday, September 9, launched Ofa Ya Boda Boda and Bundle Ya Deree, two new propositions designed to empower ride-hailing drivers and boda boda riders with affordable connectivity, fuel discounts, insurance, and financial wellness support. The tailored solutions combine affordable voice and…
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Posta’s Nairobi General Post Office (GPO). /POSTA KENYA Posta Kenya has partnered with Guaranty Trust Bank (Kenya) to launch 46 GTExpress outlets across the country, giving Kenyans faster and cheaper access to banking services right at their local Posta offices. Through this partnership, GTExpress outlets are now operational in key regions, including Nairobi, Kisumu, Mombasa,…
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An aerial view of Nairobi CBD from GTC Tower. /ALICE WAHOME Kenya’s housing market is delivering the highest investment returns in the world, outpacing nine major global property markets, according to a new report by HassConsult. The study compared property prices and rental yields in Kenya, South Africa, the USA, Canada, the UK, France, Switzerland,…
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Less than two months after it was rolled out, the Tukikube ne I&M Bank campaign has already gathered significant momentum, attracting Small Medium Enterprises (SME) owners who have started taking advantage of the bank’s flexible asset financing solutions. One of the key elements of the Tukikube ne I&M Bank asset financing package, is access to…
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Simon Bransfield-Garth, CEO of Akili AI (L) and Snehar Shah, CEO of IXAfrica (R) Kenya’s banking industry is on the brink of a major digital transformation, with generative AI poised to reshape customer service, operations, and competition across the sector. According to new research by Akili AI, the adoption of generative AI in Kenyan banks…
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File image of Kenya Power engineers at work The outages will affect Nairobi, Nakuru, Trans Nzoia, Nyamira, Kisii, Migori, Meru, Kiambu, Kilifi, Kwale, and Mombasa counties. Kenya Power has announced power interruptions in several parts of the country on Thursday, September 11, to facilitate maintenance works. In a statement on Wednesday, September 10, the company…