(NAIROBI, KENYA) – Visa, _able and Onafriq have partnered to help financial institutions expand access to formal credit in Kenya and other markets across Central and Eastern Europe, the Middle East and Africa, using existing debit and prepaid cards. The partnership is aimed at allowing eligible financial institutions to addContinue Reading
(NAIROBI, KENYA) – Kenya’s pension schemes sharply increased their holdings of quoted shares in the first half of 2026, moving more capital towards the Nairobi Securities Exchange (NSE) as falling government bond yields and rising share prices made equities more attractive. Data from the Retirement Benefits Authority (RBA) shows pensionContinue Reading
(NAIROBI, KENYA) – Global cross-border payment platforms are cutting off cash transfer services to Kenya amid increased anti-money laundering scrutiny, with US firm Sendwave and UK-based Wise becoming the latest to restrict Kenyan users. Sendwave stopped wallet services in Kenya from August, citing technical difficulties. Wise has restricted some KenyanContinue Reading
(NAIROBI, KENYA) – Absa Group has failed in its bid to raise its stake in Absa Bank Kenya to as much as 85% through a tender offer worth about $238 million (KES30.8 billion / £187 million). The South African banking group bought 189.38 million shares from minority shareholders out ofContinue Reading
(KAKAMEGA, KENYA) – Kakamega County has commenced the disbursement of KES60 million ($416,000 / £327,000 / €387,000) in social protection grants targeting vulnerable groups across the county to boost grassroots socio economic development. The six week exercise, which was graced by Kakamega County Governor Fernandes Barasa on Monday in NavakholoContinue Reading
(NAIROBI, KENYA) – Kenyan lawmakers have increased pressure on the National Treasury to revive a foreign exchange compensation scheme for diplomatic missions abroad, aiming to protect their budgets from the impact of a volatile shilling. The Public Accounts Committee (PAC) of the National Assembly asked the Treasury to compensate theContinue Reading
(NAIROBI, KENYA) – Anne Kinuthia-Otieno, the founding chief executive of Airtel Money Kenya, is leaving the mobile money business to take up a new role as Visa’s vice president and regional manager for East Africa. Her exit ends a short but eventful period at Airtel Money during which she tookContinue Reading
(NAIROBI, KENYA) – The Tax Appeals Tribunal has cancelled a KES 780 million tax bill against Bboxx Capital Kenya. The tribunal ruled that the Kenya Revenue Authority failed to prove how it arrived at the disputed tax assessment. The amount is equal to about 4.8 million US dollars or 3.8Continue Reading
(KYIV, UKRAINE) – More than 6,000 agricultural enterprises in Ukraine have received over UAH 44 billion in loans through the state affordable lending programme this year. The total is equal to about 1.19 billion US dollars or 938 million British pounds. The Ministry of Agrarian Policy and Food announced theContinue Reading
(WASHINGTON, USA) – The United States has produced the first batch of gold coins featuring President Donald Trump to mark the 250th anniversary of the country’s independence. The White House confirmed the minting of the commemorative coins. The coin is made of 24 karat gold. The front of the coinContinue Reading
