(NAIROBI, KENYA) – The number of Kenyan bank accounts holding more than KES500,000 ($3,870 / GBP2,870) rose by 5.7% last year, fresh central bank data shows, as top earners and firms increased their savings amid widening income inequality. The Central Bank of Kenya (CBK) data shows high value accounts roseContinue Reading
(NAIROBI, KENYA) – Nairobi Hospital has told the High Court it remains financially stable, well capitalised and able to support its current operations and future growth, rejecting claims by petitioners that the institution faces financial collapse. The hospital made the submission in response to a petition by Busia Senator OkiyaContinue Reading
(NAIROBI, KENYA) – Standard Bank Group has set aside KES 166.7 billion ($1.03 billion / GBP 812 million) for investments across its African markets, as the South African lender seeks to deepen its presence in Kenya and the wider East African region. The funds were disclosed by Standard Bank chiefContinue Reading
(NAIROBI, KENYA) – Kenya received more diaspora cash from Tanzania than from Saudi Arabia in August for the first time, as new foreign worker rules in the Gulf kingdom cut earnings and transfers from one of Kenya’s biggest remittance markets. Cash sent home from Tanzania reached a record $11.72 millionContinue Reading
(NAIROBI, KENYA) – KCB Group will acquire a 22.23% stake in digital payments company Pesapal, according to a disclosure by Tanzania’s competition regulator. The Fair Competition Commission (FCC) revealed the stake size as it reviews the transaction, which was first announced by KCB in November 2025. The bank said atContinue Reading
(FORT PORTAL, UGANDA) – There is no published net worth for Edward Rukidi Nyabongo I, the new Omukama of Uganda’s Tooro Kingdom. He spent most of his adult life earning a salary as a television news anchor, not managing a royal treasury. But the throne he is inheriting comes withContinue Reading
Land, Lawsuits And Legacy: The Financial Life Of Uganda’s Queen Mother (FORT PORTAL, UGANDA) – There is no official, audited net worth statement for Best Kemigisa, the Queen Mother of Uganda’s Tooro Kingdom. She is not listed on any stock exchange and neither does she file public accounts. But herContinue Reading
(NAIROBI, KENYA) – The Agricultural Society of Kenya (ASK) on Sunday held a Harvest Festival thanksgiving service at the ACK All Saints Cathedral in Nairobi, bringing together farmers, exhibitors and other agricultural sector stakeholders ahead of the Nairobi International Trade Fair. The thanksgiving service, which celebrates farmers’ contribution to foodContinue Reading
(DIANI, KENYA) – Kenya’s rapidly expanding satellite towns are coming under growing pressure to upgrade infrastructure and planning, as developers increase housing supply without a corresponding expansion of roads, drainage, water and other essential services. Built environment professionals are calling for a shift in how new housing and infrastructure projectsContinue Reading
(NAIROBI, KENYA) – Insurance regulators across East Africa have agreed to standardise the supervision of insurance companies, a move aimed at making it easier to compare underwriting practices and strengthen oversight of the region’s growing insurance market. The agreement was reached by commissioners and insurance supervisors from several East AfricanContinue Reading
