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Safaricom's M-PESA Crosses 40 Million Users in Kenya
Safaricom said M-PESA has reached 40 million monthly active customers in Kenya, marking 19 years since the mobile money platform launched on 6 March 2007.
Stima Sacco Closes in on Mwalimu Sacco as Asset Base Crosses KSh 75Bn
Stima DT Sacco reported FY2025 results with assets rising to KSh 75.38 Bn, placing the cooperative just behind sector leader Mwalimu National Sacco at KSh 76.3 Bn.
Kenya Holds Petroleum Budget Steady as Middle East Tensions Muddy Oil Markets
Kenya's supplementary budget comes at a time when global oil markets remain volatile amid geopolitical tensions in the Middle East, a development that has heightened the importance of maintaining reliable fuel supply systems
Kenya Scales Back ICT Budget by 25% as Fiscal Constraints Bite
Rural communities in Kenya are set to face slower digital access after the government cut funding for its Information, Communication Technology and Digital Economy initiatives by 25%
In Africa’s Creative Economies, Women Are Claiming Ownership
It’s worth watching what happens in the days after International Women's Day – whether the women building ownership across African creative industries control more of their work, their distribution, and their narrative
AfDB Unveils Aviation Financing Program at Nairobi Conference
AfDB is advancing the Integrated Aviation Transformation Program (IATP), a continent-wide platform designed to modernise the aviation ecosystem.
Kenyan Entrepreneur Maurice Juma Joins Africa’s “Forty Under 40” Vanguard
Maurice Juma, co-founder and CEO of MediaPal, was recognized among Africa’s “Forty Under 40” an acknowledgment that places him within a select cohort of the continent’s youngest business leaders
Showmax Folds as Multichoice's New Owner Canal+ Abandons Bid to Rival Netflix
Evidence of this shift is already visible in a distribution partnership between Canal+ and Netflix in Francophone Africa, allowing Netflix subscriptions to be bundled inside Canal+ packages.
GCR Ratings Revises Afreximbank’s Outlook to 'Stable'
At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion.
Treasury Bill Auction Hits Record KSh 100Bn Demand
Kenya’s domestic debt market is seeing strong investor demand as liquidity flows into government securities. The latest Treasury bill auction drew KSh100.43 billion in bids against a KSh24 billion offer, the highest demand in recent records. Interest in government paper has also remained strong in the bond market, where FY2025/26 auctions to mid-February attracted KSh1.38 trillion in bids against KSh540 billion offered, highlighting sustained institutional appetite for Treasury securities.
ALP Industrial REIT Raises US$29.55Mn in Kenya’s First Logistics Property Listing
ALP Industrial REIT raised US$29.55 Mn (KSh 3.82 Bn) after investors subscribed 98.5% of a US$30 Mn restricted offer, positioning Kenya’s first logistics-focused REIT for listing on the Nairobi Securities Exchange on March 11, 2026. The offer attracted institutional backing, including a US$5 Mn commitment from InfraCo Africa for a pipeline asset, lifting total participation linked to the transaction to 115.17% of the offer size.