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Nigeria Adopts National Policy on Cosmetics Safety
The policy, developed with support from the World Health Organization (WHO), establishes a clear system to regulate how cosmetic products are manufactured, imported, sold, used and disposed of.
Parliament Clears Safaricom Stake Sale With Six Conditions
National Assembly approved the sale of a 15% government stake in Safaricom PLC to Vodacom Group on 10 March 2026, clearing the country's largest post-independence divestiture. The KSh 204.3 billion transaction gives Vodacom majority control at 55%. Parliament attached six binding conditions, including no staff redundancies, a 10-year dealer protection period, and ring-fencing of all proceeds into the newly signed National Infrastructure Fund. Four regulatory approvals remain outstanding, including a final determination from the Central Bank of Kenya, which has not yet cleared the change of control over M-Pesa.
KCB Posts Record KSh 68.35Bn 2025 Profit as Dividend Hits KSh 7 Per Share
KCB Group posted record profit after tax of 68.35 Bn in FY2025, up 10.6% from 61.77 Bn, driven by an 18.9% collapse in interest expense that lifted net interest income 7.8% to 148.02 Bn. The bank declared a full-year dividend of KSh 7.00 per share, up 133.3% and the largest total payout of 22.50 Bn in its history. Net loans crossed 1 trillion for the first time. The gross NPL ratio improved to 16.9% from 19.2%. KCB guides for loan growth of 10% to 11% and NIMs of 7.2% to 7.8% in FY2026.
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 steps
Nigerian Startup Prembly Unveils Shared Fraud Database for African Fintechs
Nigeria-based identity verification startup, Prembly, has launched an open fraud-intelligence database aimed at helping banks, fintechs and online platforms detect scams earlier
Stanbic 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
International Islamic Trade Finance Corporation Signs US$ 1bn Pact with Mauritania
