(NAIROBI, KENYA) – Kenyan commercial banks increased agricultural lending by a record KES 53.1 billion ($410 million / GBP 309 million) in the year to June 2026, as stronger farm incomes and improved cash flows made the sector more attractive for credit. Agricultural credit rose 35.1% to KES 204.2 billionContinue Reading
Zimbabwe Tycoon Wicknell Chivayo Dies in Helicopter Crash at 43, Leaving Behind a $100 Million Fortune and a Trail of Unfinished Business (MARONDERA, ZIMBABWE) – Wicknell Munodaani Chivayo, the Zimbabwean businessman whose name became shorthand for government tenders, flashy gifts and a fortune estimated at more than $100 million, diedContinue Reading
(NAIROBI, KENYA) – Kenya’s digital financial sector faces sweeping changes under a proposed law that would require payment providers to connect with rival systems and allow customers to share their financial data with third parties, potentially opening a market that processes billions of dollars annually. The National Payment System Bill,Continue Reading
(NAIROBI, KENYA) – The operator of a Kenyan investment scheme cited in court for fraud is recruiting thousands of investors into a new platform, asking them to deposit $400 (KES 51,800 / GBP 307) to unlock funds estimated at close to KES 1 billion ($7.7 million / GBP 5.9 million)Continue Reading
(KAMPALA, UGANDA) – Moses Matovu, co-founder and lifelong leader of Afrigo Band, Uganda’s longest running musical group, was killed in an early morning attack in Kampala on 24th September 2026. He was 77. A forensic review of public police files, court registries, news archives and government records shows the saxophonistContinue Reading
(NAIROBI, KENYA) – Kenya’s banking industry is undergoing a striking change in the way customers use their accounts, with tens of millions of deposit accounts disappearing from lenders’ books in 2025. The scale of the change is captured in the latest Central Bank of Kenya (CBK) Bank Supervision Annual ReportContinue Reading
(NAIROBI, KENYA) – The termination of major non-governmental organisation contracts by the United States government cut Kenya’s cash outflows by KES 25.3 billion ($196 million / £146 million) last year, according to new Central Bank of Kenya data. Money sent from Kenya to individuals and households abroad through licensed remittanceContinue Reading
(NAIROBI, KENYA) – Passenger and freight traffic on Kenya’s standard gauge railway rose in the first half of 2026, lifting combined revenue from the line’s operations to KES 11.6 billion ($89.63 million / GBP 67.56 million). Passenger revenue grew 14.6% to KES 2.37 billion ($18.31 million / GBP 13.80 million)Continue Reading
(NAIROBI, KENYA) – Kenya has ordered an inquiry into the financial health and governance structures of the NHIF Sacco, following a warning over the possible liquidation of the troubled Metropolitan National Sacco over its poor cash position. Commissioner for Co-operatives David Obonyo told The Daily Handle on 22nd September theContinue Reading
(NAIROBI, KENYA) – Banks and payment platforms such as M-Pesa and Airtel Money will be required to share customer data among themselves and licensed third parties under a new Bill, ushering in open banking in Kenya. The Treasury and the Central Bank of Kenya (CBK) have jointly prepared the BillContinue Reading
