Microsoft to Scale up M-Pesa Services in New Deal with Vodafone
The companies have identified Generative AI, Scaling IoT, Enterprise growth, cloud transformation and Africa Digital Acceleration as five key areas of collaboration.
Fred Mburu Takes the Helm as CEO of Fund Managers Association
The Fund Managers Association (FMA) Kenya, has announced the appointment of Fred Mburu as its inaugural CEO effective January 2024. Mburu previously served as the Chief Executive of Apollo Asset [...]10 Startups that Will Showcase at the Africa Tech Summit Nairobi 2024
Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14th and 15th. “Amidst [...]
Telkom Kenya Gets Investor After Cabinet Revokes Deal with Government
Telkom Kenya has landed a strategic investor, few days after the Cabinet canceled a deal sealed last year between the telecommunication company and the previous government. A decision was made [...]CBK Urged to Further Hike the Benchmark Rate at October Meet
The Central Bank of Kenya (CBK) has been urged to maintain its foot on the gas pedal and further tighten its monetary policy stance at the next top decision-making meeting [...]
Kenya's Banking Sector Balance Sheet Size Hits KSh 7.1 Trillion
Banking Sector in Kenya's total assets increased by 4.2 % to KSh 7.052.4 trillion in June 2023, from KSh 6.77 trillion in March 2023. According to data from the Central [...]Kenya’s Economic Growth Slows to 5.3% in Q1 2023 Treasury
Kenya’s economy expanded by 5.3% in the first quarter of 2023, a decline from 6.2% in the corresponding quarter of last year. During the same period, Kenya’s stock of external [...]Ruto Signs Two Crucial County Bills Into Law
President William Ruto on Friday signed into law the County Allocation Revenue Bill, 2023 and the Equalisation Fund Appropriation Bill, 2023. The two Bills will enable the 47 devolved units [...]Kenya Listed among ‘Big 5’ Wealth Markets in Africa Report
Kenya is ranked among the ‘Big 5’ wealth markets in Africa, in a group that is led by South Africa followed by Egypt, Nigeria then Kenya as the 4th and [...]GPI Survey: Economies At Risk From Violence
Economies across the world are likely to be hit hard further if adequate measures are not put in place to tame increasing levels of violence emanating from either internal or [...]CBK Raises Key Benchmark Rate to 10.50%
The Central Bank of Kenya (CBK), through its top policy-making organ-the Monetary Policy Committee (MPC), has revised upwards the benchmark base lending rate from 9.50% to 10.50%. This monetary tightening [...]Relief for TransCentury as Court Issues Injunction Over Receivership Notice
Investment Holding company TransCentury has obtained a court injunction restraining Equity Bank from appointing receivers to manage the affairs of the Nairobi Securities Exchange listed firm over unpaid loans. In [...]
