Category: Business
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Simon Bransfield-Garth and Snehar Shah. Kenya’s financial sector is staring at a technology revolution that could redefine how banks compete, reduce their costs, and attract more customers and serve them better. However, despite recognising its potential, most banks in the country are slow to adopt Artificial Intelligence (AI) hence missoing out on opportunities that abound.…
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From left: Mary Githinji, Stanley Gachoki, Rev. Erick Kalya, Oliver Kirior, Isaiah Keter and Shameer Patel. PHOTO/COURTESY I&M Bank has widened its footprint in Kenya by opening two additional outlets, one in Kapsabet, Nandi County, and another in Nyali, Mombasa County. The expansion raises the lender’s branch count to 65 in 24 counties, part of…
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LG Seminar. PHOTO/COURTESY Kenya’s laundromat industry has recorded a 25 per cent rise in demand over the past three years, figures from Opalnet Ltd show, cementing its place as one of the fastest-expanding urban services in the country. The growth reflects Kenya’s changing lifestyle, fuelled by a 4.5 per cent annual urbanisation rate, wider access…
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Devki Steel Mills. PHOTO/NAMAN FARAH Devki Steel Mills Limited has submitted an application to the Cabinet Secretary for Mining, Blue Economy and Maritime Affairs seeking a prospecting licence in Taita Taveta County. The company is targeting iron ore exploration within an area covering 30.7890 square kilometres, equivalent to 143 cadastral blocks. According to the notice,…
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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…
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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,…
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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…
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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…
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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…
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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…