(KARLSRUHE, GERMANY) – The Agricultural Finance Corporation (AFC) has received the 2026 Karlsruhe Sustainable Finance Award at the Global Sustainable Finance Conference in Germany, recognising its work to embed climate resilience into development finance. The award makes AFC the first Kenyan institution to attain certification under the Sustainability Standards andContinue Reading
(NAIROBI, KENYA) – Kenya’s regulated SACCO sector recorded a rise in non-performing loans to an estimated KES 65.3 billion in the second quarter of 2026, even as the industry’s gross loan book climbed to KES 971.59 billion, according to the SACCO Societies Regulatory Authority (SASRA). The bad loans figure amountsContinue Reading
(NAIROBI, KENYA) – Centum Investment Company Plc has announced the departure of Group Chief Executive Officer James Mworia after nearly 18 years at the helm. He is set to become the founding Chief Executive Officer of the National Infrastructure Fund. The Board has appointed Thomas Omondi-Achola, currently Partner for PortfolioContinue Reading
(NAIROBI, KENYA) – The standard gauge railway recorded an operating profit of KES 3.2 billion ($24.9 million / £19.4 million) in the fiscal year 2025/26, the first time in nine years since it was launched in 2017. The result follows years of losses that had raised questions about the railway’sContinue Reading
(NAIROBI, KENYA) – The International Fund for Agricultural Development and Equity Group have launched a $200 million (KES 25.8 billion / £155.7 million) financing programme for smallholder farmers and rural businesses in East Africa. The initiative is designed to help them adapt to the effects of climate change. The AfricaContinue Reading
(NAIROBI, KENYA) – The gap between what banks in Kenya charge on loans and pay on deposits narrowed to a 10 month low of 7.46 percentage points in July. The trend reflects pressure on lenders to balance lower borrowing costs for customers against the need to keep savers from movingContinue Reading
(NAIROBI, KENYA) – Kenya and the United States are reviewing a new government to government health financing model aimed at improving accountability and strengthening local ownership of health programmes. The transition is being assessed through high level talks between Kenyan health officials and an American delegation in Nairobi. Health CabinetContinue Reading
(NAIROBI, KENYA) – East Africa remains one of the most expensive regions in the world for sending money across borders, but experts say wider use of available digital payment platforms could help bring costs down. The World Bank estimates that moving funds between digital wallets across borders in the regionContinue Reading
(NAIROBI, KENYA) – A Ruiru-based savings and credit cooperative society has moved to court to block the three liquidators appointed by the State to wind up the Kenya Union of Savings and Credit Co-operatives (Kuscco), arguing that the appointments threaten existing court orders protecting the umbrella body’s assets. Rupsa Sacco,Continue Reading
(NAIROBI, KENYA) – Co-operative Bank of Kenya customers borrowed KES2.4 billion ($14.7 million / £12.1 million) through digital overdrafts in the seven months to July, pointing to rising demand for short-term credit to cover cash gaps when paying bills and making purchases. The lender said the digital lending product, Kamilisha,Continue Reading
