Kenya, Rwanda Central Banks Sign Pact to Ease Cross-Border Payments
The agreement establishes a framework for cooperation between the two central banks and introduces groundwork for a “passporting” framework that will allow payment service providers licensed in one country to operate more easily in the other.
KRA Scraps 'Blacklist', Admits It Punished Honest Businesses
KRA has ordered the removal of thousands of taxpayers from a controversial compliance blacklist after acknowledging that the system had been misused and was harming legitimate businesses.Equity’s Mwangi Says Banks Must Adapt as Fintech Redefines Finance
Banks need to reinvent themselves around digital infrastructure, data and partnerships or risk losing relevance as financial services evolve beyond traditional banking models,Kenya, U.K. Discuss Next Phase of Nairobi Rail Hub
Kenya and the U.K. are moving forward with plans to redevelop central Nairobi into a modern transport and commercial district, as officials review the next procurement stepsStanbic Weathers Interest Rate Storm With Flat Profit, Record Dividend
Stanbic Holdings Plc reported profit after tax of KShs 13.72 Bn for the full year ended 31 December 2025, virtually unchanged from 2024, as nine CBK rate cuts totalling 400 basis points since August 2024 compressed total operating income 3.1% to KShs 38.51 Bn. A 47.5% drop in credit impairment charges to KShs 1.63 Bn cushioned the bottom line. The balance sheet expanded 19% to KShs 541.25 Bn, with loans up 24.4% and deposits up 23.5%. The group declared a record dividend of KShs 22.35 per share for FY2025.
Synkron Opens Industrial Automation Training Center in Nairobi
Aga Khan Sells Nation Media Group Majority Stake to Tanzanian billionaire Rostam Azizi
Tanzania's first dollar billionaire Rostam Azizi is acquiring AKFED's 54.08% stake in Nation Media Group via Taarifa Ltd. Azizi, whose Taifa Group spans LPG, contract mining, aviation, and media, co-founded Mwananchi Communications in 1999 before selling out to NMG. He now returns as majority owner of East and Central Africa's largest independent media house, with regulatory approval expected within three to four months.Fragmented Payment Systems are Slowing Africa's Trade, Rwanda's Trade Minister Says
JetBlue Briefly Grounds Flights Days After Codeshare Deal With Kenya Airways
Flights operated by JetBlue were briefly grounded after a system outage prompted the airline to request a temporary halt from the FAA. The disruption comes days after the U.S. carrier announced a new codeshare partnership with Kenya Airways to expand connectivity between Nairobi and multiple U.S. cities.KRA Introduces Body-Worn Cameras for Customs and Border Officers
The Kenya Revenue Authority plans to introduce body-worn cameras for customs and border control officers to improve transparency and accountability at Kenya’s entry points. The devices are expected to record inspections and interactions, strengthening oversight of frontline operations at locations such as Jomo Kenyatta International Airport and other border posts.Mwalimu Sacco Profit Jumps 76.3% as Asset Base Hits KSh 76.3Bn
Mwalimu National DT Sacco, Kenya's largest Sacco by assets, reported a 76.3% jump in surplus to 1.27Bn for the year ended 31 December 2025, its strongest result since 2020. Net interest income grew 11.0% to 3.53Bn while loans and advances expanded 19.3% to 56.3Bn. Administrative expenses rose 17.7% to 3.00Bn and impairment charges climbed 5.4% to 960.3M. The Sacco held its dividend at 13% and raised interest on deposits by 5 basis points to 10.05%. Total assets closed at 76.3Bn, up 10.8% year-on-year.Parliament Pushes for Faster Reform of State-Owned Enterprises, Limits Budget to KSh 2.88Trillion
