The introduction of a blockchain-based cooperative under the blockchain SACCO framework aims to solve some of the persistent issues facing traditional SACCOs, including inefficiencies in record management and concerns around transparency.
Banking
Provides focused coverage of Kenya’s banking sector, including financial results, digital innovation, and regulatory shifts. Tracks competition and lending trends.
11Articles
The rise of special funds in Kenya reflects an effort by the government to address specific development priorities more effectively.
Emergency financing mechanisms have become increasingly important for developing economies navigating volatile global markets.
The dividend increase reflects Old Mutual's improved operational performance, particularly in asset management and short-term insurance, as well as disciplined capital management.
The KSh 31 per share payout, though lower than last year’s KSh 45, remains the second highest in the bank’s history, extending a dividend track record spanning decades.
The performance represents the highest annual profit in KCB's history and underscores the resilience of Kenya's banking sector despite persistent economic headwinds including rising interest rates, inflationary pressures, and reduced household spending power.
The deal, signed between the Central Bank of Kenya and the National Bank of Rwanda, establishes a framework to streamline licensing procedures for payment service providers seeking to expand across the two markets.
The Bank of Uganda has announced it will commence domestic gold purchases this month, targeting at least 100 kilograms between March and June 2026, as the East African nation moves to diversify its foreign exchange reserves and capitalize on record-high global gold prices.
The Central Bank of Kenya has officially approved Safaricom's request to mask customers' full names and phone numbers in Lipa na M-Pesa Till and Paybill transactions, ending a decade-long practice that left millions of Kenyans exposed to data harvesting and unsolicited marketing.
Equity, KCB, NCBA lower their per annum lending rates to 8.75 mimicking CBK's Cut earlier in the month
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