Category: Economy&Finance


  • I&M Bank names Janet Dali as Group Head of Ecosystems and Strategic Partnerships

    Janet Dali. PHOTO/COURTESY I&M Bank Ltd has appointed Janet Dali as Group Head of Ecosystems and Strategic Partnerships within its Group Digital Business, a role that underscores the lender’s drive to strengthen collaboration between banking, fintech, and wider financial services. The position reflects what the bank described as her passion for building inclusive, innovation-driven ecosystems…

  • NCBA Bank’s upgraded asset finance solutions to power Kenya’s matatu Sector

    Nyoike Mwangi, a conductor from Nicco Movers Sacco. Every day, millions of Kenyans wake up, head to work, school, business or any other destination, and their journey almost always begins the same way; inside a matatu. These colourful, sometimes chaotic, and always lively Public Service Vehicles (PSVs) form the backbone of Kenya’s public transport system,…

  • Access Bank Kenya Appoints New Country Managing Director

    Access Bank Kenya new Country Managing Director, Ralph Opara. Photo/ Opara Linkedln Access Bank Kenya has appointed Ralph Chinedu Opara as its new Country Managing Director, following approval from the Central Bank of Kenya (CBK). In a notice dated Wednesday, September 10, the bank confirmed that Opara’s appointment took effect on September 8, 2025. “Access…

  • Equity Bank Takes Over Eastland Hotel After 14 Years of Operation

    Photo of Eastland Hotel building. PHOTO/Eastland Eastland Hotel, a popular 4-star hotel in the city, has been placed under receivership by Equity Bank. In a notice dated Thursday, September 11, 2025, Equity Bank announced the appointment of Kamal Anantroy Bhatt of Anant Bhatt LLP as the Receiver and Manager of the hotel. “Notice is hereby…

  • The Billionaires of Kenya: Meet Zedekiah Buzeki Bundotich Who Made Money From Milk

    Billionaire Businessman Buzeki Bundotich. PHOTO/bundotich.com Few businessmen in Kenya are openly bold, risk-taking, and visionary like billionaire Zedekiah Buzeki Kiprop Bundotich. Buzeki has risen from humble beginnings to become the founder and Group Chairman of the Buzeki Group of Companies. The company is one of East Africa’s largest and most diversified conglomerates with interests in…

  • Kenya’s Saccos Cross KSh. 1 Trillion in Combined Assets

    Kenyans are saving more money in Saccos than ever before, pushing the movement’s assets past KSh1 trillion by the end of 2024, but the sector is grappling with increasing non-performing loans. “The quality of assets deteriorated with NPLs to Gross loans increasing to 6.3 percent. Provision for NPLs increased by 26.6 percent compared to the growth…

  • CBK Stress Test Flags Credit and Cyber Security Risks for Kenyan Banks

    Kenya’s May 2025 banking sector stress test highlights a fragile balance between improved resilience and persistent risks. Projections place the sector’s NPLs at 16.3% under a baseline scenario by December 2025, but in a severe case the ratio could hit 21.2%. A 27.4% surge in NPLs would push six banks below the regulatory 10.5% Core…

  • National, County Governments Breach Wage Bill Cap as Salaries Crowd Out Development Spending

    Counties are struggling to rein in their wage bills, with personnel costs consuming nearly half of revenues and consistently breaching the 35% cap set under the Public Finance Management Act. “When a substantial share of government revenue is allocated to recurrent personnel expenditures, it constrains fiscal space, thereby, limiting the government’s capacity to invest in…

  • Pan-African Telco Paratus Expands into Kenya, East Africa

    Pan-African telecommunications provider Paratus Group has expanded operations into four East African countries, providing internet services to businesses and communities while also acting as an authorized Starlink reseller in Kenya and Rwanda. “You can’t trade if you can’t connect,” says Martin Cox, Chief Commercial Officer at Paratus Group. “Our role in building East Africa’s digital…

  • Caterpillar Marks Centenary With Focus on AI Innovation

    Mantrac Kenya at 100 event venue. PHOTO/@MantracKenyaLtd/X Mining and construction equipment manufacturer Caterpillar has marked 100 years of operations in Kenya, celebrating a century of contribution to the country’s infrastructure and community development. The milestone was commemorated at Mantrac Kenya’s headquarters in Nairobi on Tuesday, September 9, 2025, spotlighting the company’s enduring role in shaping…