Sumac Microfinance Bank Raises US$ 2Mn
Sumac Microfinance Bank has raised US$ 2 million in expansion capital through a transaction arranged by Noblestride Capital, strengthening its ability to lend to micro, small, and medium-sized enterprises (MSMEs) [...]
Stanchart is Adequately Capitalised, Lender Says after KSh 7bn Supreme Court Ruling
Listed lender Standard Chartered Bank Kenya has moved to reassure markets after the Supreme Court’s decision striking out its appeal in a multibillion-shilling pension case. For real time market updates [...]
Kenya's Bank Deposit Insurance Rises by 19% to KSh 249Bn
The Kenya Deposit Insurance Corporation (KDIC) expanded its safety net in 2024, with the Deposit Insurance Fund (DIF) rising 19% to KSh 248.9 billion from KSh 209.2 billion in 2023. [...]Kenya's Insurance Fraud Cases Dip, Industry Profits Quadruple
Kenya’s insurance industry recorded a sharp decline in reported fraud cases in the final quarter of 2024, as firms posted record profits boosted by government bond investments, according to the [...]Kenya's Microfinance Banks: A Decade of Declining Fortunes
Kenya's 14 microfinance banks (MFBs) have endured one of the toughest decades in the financial sector, with industry data from 2014 to 2024 revealing sustained decline across key indicators, as [...]Court Blocks TechnoService From Grilling Ex-Microsoft Boss, Kendi Nderitu
The High Court has dismissed a bid by TechnoService Limited to cross-examine former Microsoft East Africa Country Manager, Kendi Nderitu, in a long-running commercial dispute pitting the Kenyan firm against Microsoft [...]Second Africa Climate Summit Opens With Calls to Unlock Trillions for Green Growth
African leaders and the United Nations have urged the world to unlock investment and reforms that would allow the continent to drive global climate action, warning that its vast potential [...]Homeboyz H1 Loss Narrows to KSh 11.5M on Revenues Surge, Equity Turns Positive
Listed entertainment and events manager, Homeboyz Entertainment PLC has reported a net loss of KSh 11.5 million for the half year ended June 30, 2025, from the KSh 24.5 million [...]US Indicts 28-Year-Old Kenyan in US$ 40mn Pandemic Fraud Case Tied to Nairobi Real Estate
A Kenyan citizen has been indicted in Minnesota for allegedly helping launder millions of dollars stolen from a U.S. child nutrition program, extending the reach of America’s largest pandemic fraud [...]Tribunal Rules Bank Deposits are Taxable Income Unless Proven Otherwise
The Tax Appeals Tribunal has upheld a KSh 21.6 million assessment against Kirin Pipes Limited, ruling that the company failed to prove that millions in bank deposits were anything other [...]SanlamAllianz Gains 100% Control of Jubilee Allianz Companies
Jubilee Holdings has completed the sale of its remaining stakes in Jubilee Allianz subsidiaries to SanlamAllianz Africa, fully exiting the general insurance market. For real time market updates and analysis, [...]Foreign Investors Move KSh 1.18Bn from NSE, Reversing August Trend
Foreign investor activity at the Nairobi Securities Exchange (NSE) flipped sharply negative in the first week of September, reversing August’s record inflows. September has historically been an uneven month for [...]
