Airtel Africa Foundation, the philanthropic arm of Airtel Africa plc, has reported an investment of $6.2 million across financial inclusion, education, environmental sustainability, and digital inclusion initiatives across Africa during its first full year of operations and its impact on millions of learners and communities across Africa, with education receiving the largest share of investment. Key achievements…
Absa Bank Kenya has welcomed a new industry-wide initiative to promote digital payments through PesaLink. As part of the initiative, PesaLink transaction charges have been reduced to as low as KSh20 for transfers ranging between KSh1,001 and KSh999,999, while transactions below KSh1,000 will be free of charge. The initiative aims to accelerate the adoption of…
Jubilee Holdings Limited (JHL) has reported an 18 per cent increase in net profit to Sh5.6 billion for the year ended December 2025, as the insurer unveiled plans to accelerate retail expansion and deepen its financial wellness ecosystem across East Africa. The Group also posted an 18 per cent rise in Gross Written Premiums and…
For many people using home Wi-Fi, internet access can fluctuate depending on their location in the house. The signal appears to weaken the further you move away from the router. This shift is what Safaricom, in partnership with Huawei, is trying to achieve with a new connectivity solution called Fibre to the Room (FTTR). FTTR is…
All government ministries, departments, agencies, and public entities will be required to conduct procurement exclusively through the Electronic Government Procurement (eGP) system from July 1, 2026, in a move aimed at enhancing transparency and accountability in public spending. National Treasury Cabinet Secretary John Mbadi announced the directive while presenting the 2026/27 Budget Statement in the…
Kenya’s 47 county governments are set to receive a combined Sh428 billion in the 2026/27 financial year following the resolution of a prolonged revenue-sharing dispute between the National Assembly and the Senate. National Treasury Cabinet Secretary John Mbadi announced the allocation while presenting the national budget in Parliament on Thursday, marking a Sh13 billion increase…
LG Electronics East Africa has announced the upcoming launch of Make Life Good, a heartwarming original reality series produced in partnership with MultiChoice, a Canal+ company. Debuting on 13 June on Maisha Magic, the series shifts the traditional advertising narrative to focus on the powerful, real-life human connections enabled by technology within the African context….
Old Mutual Balance Sheet Restructure could pave the way for future dividend payments after the financial services group proposed a major accounting exercise aimed at clearing billions of shillings in accumulated losses from its balance sheet. Old Mutual Holding PLC is seeking shareholder approval for a restructuring plan that would allow it to use KSh…
Kenya’s Savings and Credit Cooperative Organisations (SACCOs) are increasingly outperforming commercial banks in key financial indicators, particularly asset quality, even as pressure mounts for them to lower lending rates. Recent data from the SACCO Societies Regulatory Authority (SASRA) shows that deposit-taking SACCOs have maintained a non-performing loan (NPL) ratio of below 8 percent, significantly lower…
Brothers Keean and Kael Shah were crowned champions of the inaugural Carrefour Open Padel Tournament on Sunday after defeating Amar and Gaston 7-6 in a thrilling Top Kenya final at Networks Padel Village. The closely contested final brought the four-day tournament to an exciting conclusion. The Shah brothers overcame a strong challenge from Amar Shah…
