Safaricom has increased M-PESA account limits to Kshs 500,000 following approval from the Central Bank of…
Category: Financial services
Kenya government commits to support women empowerment
Women have been urged to embrace support groups and create financial institutions that will support savings,…
KCB seals Kshs 1 billion SME guarantee deal with Sweden
KCB Bank Kenya and Swedish International Development Cooperation Agency (SIDA) have rolled out a Kshs 1…
CFAO Kenya, Equity Bank enhances farming financing option
CFAO Kenya Limited, a subsidiary of the renowned Corporation for Africa and Overseas (CFAO SAS), is…
NCBA opens branch at Business Bay Square Mall in Eastleigh
NCBA has opened a branch in the vibrant Eastleigh neighborhood at the newly opened Business Bay…
SeamlessHR introduces earned wage access platform
Blue-collar workers in Kenya will now access earned wages before their payday following a new partnership…
FAO champions implementation of 12 projects
The Food and Agriculture Organization of the United Nations (FAO) will co-lead the implementation of 12…
CBK enhances monetary policy transmission through DhowCSD
The Monetary Policy Committee (MPC) that met on August 9, 2023, considered and approved measures aimed…
Britam, Airtel Money unveil Kshs 35 monthly insurance cover
Airtel Money Kenya, Britam and Inclusivity Solutions have partnered to introduce a suite of inclusive insurance…
AAR Insurance tailors a medical product for MSMEs
AAR Insurance is on an aggressive technology-first business approach to increase the penetration of its innovative…
Worldcoin pauses operations in Kenya amid government concerns
Worldcoin, hereby responds to the concerns raised by the Ministry of Interior in Kenya regarding its…
Mongolia implements tough money laundering rules
Mongolia is leading the way in safeguarding from money laundering and terrorist financing, further showcasing the…
Minet Kenya wins Overall Best Insurance Broker in Kenya award
Insurance broker, Minet Kenya, was feted as the ‘Overall Best Insurance Broker in Kenya’ during the…
CIC Group joins group adopting sustainable business practices
CIC Group has subscribed to the United Nations Global Compact (UNGC) affirming its commitment to adopting…
ATIDI rolls out insurance services in Senegal
The African Trade & Investment Development Insurance (ATIDI) completed a workshop on “De-risking trade and Investments…
CIC Group triumphs at the 2023 Think Business Insurance Awards
CIC Group, through its subsidiaries CIC Life and General Insurance has won the coveted Life Insurer…
Dennis Okari among Exness Team Pro trading stars
Multi-asset broker Exness announced the launch of its new program – Exness Team Pro. The program…
AKI launches consumer self-service Bima Yangu App
The Association of Kenya Insurers has launched the Bima Yangu App, which is a mobile application…
Kenya Re opens subsidiary in Uganda
The Kenya Reinsurance Corporation (Kenya Re) has launched its offices in Uganda in a bid to…
StanChart tailors banking product for women in business
Standard Chartered has reinforced its commitment to supporting women in business by launching a business proposition…
Turaco powers Musoni Microfinance to cushion businesses
Musoni Microfinance is extending a loan compensation of Kshs 1.2 Million KES to 12 borrowers affected…
Airbus reports € 27.7 billion in half-year revenue
Airbus SE reported consolidated financial results for the Half-Year ended 30 June 2023. “During the first…
Faraja spices up Lipa Na M-PESA for businesses
Safaricom, and EDOMx have partnered to launch Faraja, a service that will enable more than 32…
ATIDI insures EUR300 million infrastructure loan in Tanzania
ATIDI insured EUR300 million loan facility issued by Deutsche Bank AG to the Government of Tanzania. The…
Boya, DTB launch virtual VISA cards for business payments
Kenyan Technology Company Boya has launched its virtual expense card in partnership with VISA and Diamond…
NCBA opens 89th branch in retail expansion drive
NCBA has opened its newest branch at Kahawa Sukari, further bolstering its presence in the Kiambu…
Kenyan households spending 10 times higher on school supplies
WorldRemit, a digital remittances brand within Zepz, has released its third year of global data and findings,…
Old Mutual rolls out out a s self-service mobile app
Old Mutual East Africa Group has rolled out a self-service mobile app to improve customer experience…
Rigathi calls for a review of agricultural financial systems
Deputy President Rigathi Gachagua has called for a relook at existing financial systems for the agricultural…
Worldcoin project aims to increase economic opportunities
The Worldcoin Foundation has announced that the Worldcoin project completed the protocol’s migration to the OP…
KDC to unlock credit access for key economic sector
The Kenya Development Corporation (KDC) has committed to accelerate credit provision to key sectors of the…
Dr. Grace Kamau confirmed as ICPAK CEO
The Institute of Certified Public Accountants of Kenya (ICPAK) confirmed CPA Dr. Grace Kamau as the…
Absa waives charges on transactional digital statements
Absa Bank Kenya PLC has announced the waiver of customers’ fees on all transactional notification messages…
Insurance assets hit Kshs 1 trillion on economic recovery
Insurance industry gross premium income grew by 14.8% in the first three months of the year,…
ATIDI shareholders approve new five-year strategic plan
Shareholders of African Trade and Investment Development Insurance (ATIDI), formerly known as the African Trade Insurance…
Co-operatives CEOs imparted strategic management skills
More than 200 co-operative CEOs have benefited from CIC Group’s blended business and strategic management capacity…
Sama welcomes Kenya’s commitment to addressing BPO barriers
Kenya’s government will work tirelessly to maintain Kenya’s competitiveness as an ideal destination for ICT-based export-led…
Kenya’s cabinet approves drastic anti-money laundering rules
The Financial Reporting Centre (FRC) will now impose sanctions for violations of the proceeds of crime.…
Kenya losing Kshs 14 million daily to cyber criminals
Cyber crime is costing the country about more than Kshs 13.8 million daily. This is according…
eco.business Fund, Co-op Bank finance sustainable agriculture
The eco.business Fund has made its first investment in Kenya offering Co-operative Bank of Kenya (Co-op…
Family Bank Group defies industry trend to post higher profits
Family Bank Group Tuesday posted Kshs 1.16 billion in 2020 full year net profit, representing a…