Unlocking Investment Opportunities: Standard Chartered Bank Kenya’s Offshore Unit Trust Funds
Standard Chartered Bank Kenya has introduced an exciting opportunity for Kenyan investors to explore offshore…
Strategic Investment: East Africa Growth Increases Stake in I&M Bank
NAIROBI, Kenya – East Africa Growth (EAG), a prominent private equity firm, has announced its decision to acquire an additional 5% stake in I&M Bank, one of Kenya’s leading financial institutions. This move signals EAG’s commitment to strengthening its presence in the East African banking sector and underscores the growth potential of the region’s financial…
PawaPay Hits $1 Billion in Transactions, Expands Beyond Africa’s Big Four Economies
PawaPay, a leader in mobile money payment systems in Africa, has surpassed $1 billion in transactions. This is a major milestone for a company dedicated to enhancing mobile financial services across Africa. While PawaPay has gained prominence by working with Africa’s “Big Four” economies—Nigeria, Kenya, South Africa, and Egypt—its future strategy appears to shift toward…
Tailored Insurance Solutions: How First Assurance is Tackling Kenya’s Market Penetration
In the ever-evolving world of insurance, companies must stay ahead of the curve by offering innovative products that address specific needs. First Assurance, a subsidiary of the Absa Group, is taking this approach seriously by introducing tailor-made insurance solutions to increase market penetration. By focusing on personalized products, the company is positioning itself to meet…
Treasury Bill Rates Decline Amid Potential Interest Rate Cuts: What Investors Need to Know
The recent decline in Treasury bill (T-bill) rates has sparked conversations among Kenyan investors and the broader financial market. The government’s decision to lower these rates follows a global trend of monetary easing, where central banks are cutting interest rates to stimulate economic growth. But what exactly does this mean for Kenyan investors? Let’s explore…
Superior Homes Unveils Ksh 30 Billion Ruiru Project, Paving the Way for Kenya’s Real Estate Boom
Superior Homes, a well-established real estate firm in Kenya, has announced a massive new development project in Ruiru, located on the outskirts of Nairobi. The project is estimated to cost Ksh 30 billion, positioning it as one of the largest developments in the region. This new venture is set to transform the housing landscape in…
Kenya Transitions to Accrual Accounting: What Does it Mean?
Kenya’s move to accrual-based accounting is a significant step toward improving financial transparency and governance. This shift represents a modern approach to public financial management, where transactions are recorded when they occur rather than when cash is exchanged. The move offers Kenya several benefits, including better financial reporting and enhanced decision-making processes. However, as with…
Centum Eyes Francophone Africa in Strategic Expansion, Tapping Into New Growth Markets
Centum Investment Company, a leading investment firm in East Africa, is charting a path for growth in Francophone Africa. This strategic move marks a new chapter in the company’s expansion plans, which have previously focused on Kenya and other East African nations. The venture aims to tap into the region’s untapped potential, driven by increased…
Omniscient Wins Prestigious Financial Inclusion Award
Omniscient, a prominent South African fintech company, recently received the Finovate 2024 Excellence in Financial Inclusion Award, recognizing its innovation in delivering financial services to underserved communities. This achievement highlights the growing importance of fintech in bridging the financial divide globally, particularly in developing markets like Kenya. Kenya too has made remarkable progress in financial…
