Johannesburg, South Africa – 23 July 2025 — In a renewed strategic move aimed at transforming Africa’s financial landscape, Absa Group and Visa have extended their longstanding partnership to foster inclusive, secure, and digitally driven payment ecosystems across the continent. The agreement was formalised during a signing ceremony held in Johannesburg, reaffirming the two companies’…
Head of Forensics, Fraud and Physical Security at Absa Bank Kenya PLC,George Maracha By George Maracha Kenya’s fast-growing digital economy is facing an alarming spike in cyber fraud, with artificial intelligence (AI) now fueling a new wave of scams targeting individuals, families, and financial institutions. From AI-generated impersonation to sophisticated phishing techniques, fraudsters are increasingly…
Safaricom’s mobile money platform M-Pesa has unveiled three new credit products aimed at strengthening access to finance for Kenya’s small and medium-sized enterprises (SMEs). The new offerings Taasi Pochi, Fuliza Biashara, and Taasi Till Loan are designed to ease liquidity constraints faced by traders and business owners, offering loans of up to KSh 400,000 with…
NAIROBI, Kenya, July 27, 2025 – Safaricom PLC (NSE: SCOM) will maintain a KES 48.08 billion dividend payout for the third consecutive year, following shareholder approval during its 17th Annual General Meeting. Investors endorsed a final dividend of KES 0.65 per share for the financial year ended March 31, 2025, bringing the total annual payout…
Airtel Africa PLC Group revenue in reported currency increased by 22.4% to $1,415m, with constant currency growth of 24.9% for the quarter ended 30th June 2025. The performance is attributed to strong operating and financial performance reflecting effective execution of strategy and consistent demand across the African market. The East Africa revenue grew by 17.6%…
By Timothy Ndemwa As East Africa’s financial sector accelerates toward global standards, the role of custody and securities services is gaining unprecedented attention as a core driver of investor confidence and economic expansion. Long perceived as back-office operations, custodial services are now emerging as vital components of financial infrastructure, especially in light of Kenya’s rapidly…
The Chinese Ambassador to Kenya, Her Excellency Guo Haiyan, has lauded Tatu City as a model for deepening China-Kenya economic relations during her official visit to the Special Economic Zone (SEZ) located in Kiambu County. Ambassador Guo toured the fast-growing SEZ to assess development progress, engage with Chinese investors operating within the city, and explore…
The Youth Leaders Association–Kenya (YLA-K) has welcomed the Cabinet’s decision to allocate Ksh. 165 million for the long-awaited National Youth Council (NYC) elections. In a press statement read by the association’s Deputy National Chairperson, Mbugua Wanyoike, the group extended its gratitude to the Government of Kenya and President Dr. William Ruto for approving the funding…
Kenya and Pakistan have renewed their commitment to deepen bilateral trade and investment ties through expanded economic cooperation, diversified exports, and strengthened private sector linkages during a high-level Pakistan-Kenya Business Council (PKBC) Importers Networking Breakfast Meeting themed : Unlocking Trade, Investment, and Cultural Opportunities between Kenya and Pakistan. Speaking at the forum in Nairobi Hotel,…
Nairobi, July 22, 2025 — The 41st Meeting of the Common Market for Eastern and Southern Africa (COMESA) Trade and Customs Committee officially opened in Nairobi, Kenya, bringing together senior trade officials, customs experts, and regional stakeholders to advance key policy measures aimed at strengthening intra-African trade and economic integration. Addressing the delegates, Mr. Alex…
