Digital Asset Firms Nudge Kenyan Banks To Embrace Stablecoins
Officials and industry participants convened at the exclusive Capital Club of East Africa at a roundtable dubbed The Kenyan Wall Street: Board of Trailblazers on the sidelines of the Africa Tech Summit Nairobi.
Ethiopia's Stock Exchange Advances Six Banks Toward Listings
Ethiopia’s stock market is set for its first meaningful expansion after the Ethiopia Securities Exchange confirmed six banks have received approval in principle to list on the ESX Main Market. Awash, Dashen, Bank of Abyssinia, Abay, Anbesa, and Amhara banks are finalising securities registration with the Ethiopian Capital Market Authority and completing prospectus disclosures, the final regulatory steps before listing and the start of trading. The move signals growing momentum as Ethiopia shifts from market launch toward active capital formation ahead of the fiscal year-end.
Ecobank Taps Former Family Bank CEO Rebecca Mbithi as Kenya MD
Ecobank Kenya has appointed Rebecca Mbithi, who served as Family Bank CEO from 2019 until December 2023, as Managing Director.
The 27-Year Old University Dropout Allegedly Behind KSh 11.4mn Cyber Theft
Prosecutors have charged a 27-year-old university dropout Seth Mwabe Okwanyo, also referred to in the documents as Seth Onyango Odhiambo, on 20 counts.Equity, KCB, NCBA Cut Lending Rates to 8.75% After CBK Move
Stanbic Holdings Taps Joshua Oigara as CEO, Mweheire Moves to Group Role
Stanbic Holdings Plc has named Joshua Oigara as its next chief executive, replacing Patrick Mweheire who will retire at the end of February,February Bond Reopening Draws KSh 213bn in Bids as Govt Leans on Domestic Funding
Tether Steps Into Kenya’s Virtual Assets Debate as Regulation Looms
Globally, more than $308 billion worth of stablecoins are in circulation today, with Tether’s USDT accounting for roughly 60% of that total.
M-PESA Africa Chief Sitoyo Lopokoiyit Joins Absa Group
Absa Group has appointed Sitoyo Lopokoiyit, the outgoing Managing Director of M-PESA Africa, as Chief Executive of its Personal and Private Banking division.Zuku's Parent Company Faces Insolvency Demand over KSh 46.9mn Commercial Debt
Banks Urges CBK to Hold 9% Rate Amid Loan Pricing Risks
The Kenya Bankers Association has urged the Central Bank to keep the policy rate at 9.00% on Tuesday, even after nine consecutive rate cuts since 2023, the longest easing streak on record. It says previous reductions have not fully transmitted to lending rates as banks complete the shift to KESONIA/CBR-based pricing ahead of the March 1 deadline. KBA notes that inflation slowed to 4.4% in January but faces upside risk from drought-driven food prices, even as Q3 2025 growth held at 4.9% and private credit reached 6.3% in November. It adds that policy stability is supported by a steady shilling and usable FX reserves of USD 12.33 billion, equal to 5.3 months of import cover.Uganda Kickstarts Busy Monetary Policy Week Head for Africa's Central Banks
