Kenya
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Kenyan Banks Prepare for Capital Challenges Amid New Regulatory Demands
Kenya’s banking industry is anticipating significant changes following the recent passage of a bill that will increase the minimum capital requirement for banks to Sh10…
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Leja Processes’ Journey to $2 Billion in Payments and Record-Breaking Growth
Kenyan fintech startup Leja has made significant strides in the African financial landscape. Since its launch earlier this year, the company has successfully processed a…
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Kenyan Banks Resist CBK Rate Cuts with High Loan Costs
Kenyan commercial banks have continued to enjoy significant profit margins, despite the Central Bank of Kenya’s (CBK) efforts to lower interest rates. The gap between…
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M-PESA Celebrates 34M Subscribers Ahead of Its 18-Year Milestone
Safaricom’s M-PESA has continued its remarkable journey, reaching a significant milestone of 34 million subscribers in November 2023 and is set to celebrate its 18th…
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Kenya’s Central Bank Implements Rate Cuts to Drive Economic Growth
The Central Bank of Kenya (CBK) has made a significant move to stimulate economic growth by reducing its base lending rate from 12% to 11.25%.…
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Safaricom Sacco Transforms into Qona Sacco in a Bold Rebranding Move
Safaricom Sacco has embarked on a transformative journey, rebranding itself as Qona Sacco. This rebranding signifies a significant step forward for the financial institution, positioning…
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I&M Bank Partners with Mastercard to Launch I&M Milele Rewards Loyalty Program in Kenya
I&M Bank has taken a significant step forward in rewarding its loyal customers with the launch of I&M Milele Rewards. This innovative loyalty program, developed…
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Kenya’s New Bank-to-Payless Transfer System with a Ksh 500,000 Cap
Payless, a leading Kenyan fintech company, has taken a significant step forward in digital banking by introducing the Bank-to-Payless feature. This groundbreaking innovation allows users…
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Safaricom’s Ziidi Money Market Fund Receives CMA Approval
The Capital Markets Authority (CMA) has recently granted approval to Safaricom to establish the Ziidi Money Market Fund, a Collective Investment Scheme (CIS). This innovative…
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Airtel Money Expands Reach with Naivas Partnership
Airtel Money, Kenya’s second-largest mobile money service, has recently partnered with Naivas Supermarket to enhance its accessibility and convenience for customers. This strategic move aims…
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