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Yellow Card appoints former Monzo executive Ross Everett as CFO
African digital asset infrastructure company Yellow Card has appointed Ross Everett as group chief financial officer as it expands its stablecoin-based payments and treasury services internationally. Everett joins Yellow Card after a career spanning banking and financial technology, including a stint as group financial controller at British digital bank Monzo. He has also held roles…
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Yellow Card named Diamond finalist in 2026 Money Awards
Stablecoin infrastructure company Yellow Card has been named a finalist in the Diamond category of the 2026 Money Awards, hosted by financial technology conference organizer Money20/20. Yellow Card was named alongside fintech companies including TerraPay, Bangladesh-based bKash and Abu Dhabi-based Wio Bank in the awards’ highest category. The company won the Grand Prix in the…
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Absa Bank Kenya Launches Neo-Banking Platform Absa Next
Absa Bank Kenya launched a digital banking platform that combines savings, investments, credit and payments, as the lender seeks to expand its digital customer base and compete with fintech companies in one of Africa’s most advanced mobile-money markets. TechMoran is reporting that Absa Next is available to existing Absa customers and non-customers and allows users…
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Absa to offer up to $2 million loans for Kenya cold storage firms
Absa Bank Kenya will provide loans of between $500,000 and $2 million to agricultural businesses investing in cold-storage infrastructure under a new financing arrangement with the United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP). The financing will target agricultural aggregators, equipment suppliers, exporters and other large businesses seeking to deploy…
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Kenya signs AI cooperation deal with Anthropic on skills, research
Kenya has signed a cooperation agreement with Anthropic, the US artificial-intelligence company behind Claude, as the East African nation seeks to build local expertise and expand the use of AI in government and key industries. The agreement, signed in New York on Sept. 22 during the United Nations General Assembly, covers AI skills development, research,…
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KCB Signs Deal With Kenya’s Public Universities to Finance Green Campus Projects
KCB Bank Kenya has signed an agreement with the country’s public universities to help finance investments in renewable energy, energy efficiency and other technologies aimed at cutting operating costs and improving climate resilience across campuses. The partnership will support projects including solar power systems, energy-efficient infrastructure, clean cooking technologies, waste-management systems, biogas, solar water heating…
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NCBA Targets Kenyan Diaspora Wealth as Remittances Shift Toward Investment
NCBA Bank is expanding its push to turn money sent home by Kenyans living abroad into longer-term investments, targeting a diaspora market that is increasingly using overseas income to buy property, build businesses and accumulate wealth in Kenya. The lender’s latest push followed a multi-city engagement tour in the United Kingdom, part of its 2026…
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HassConsult Bets on Social Connection to Drive Kenya Property Values
Kenyan property developer HassConsult is betting that social connection and resident experiences can become a new source of value in a housing market traditionally driven by location, size and specifications. The company has introduced Elevate by Hass, a resident-experience platform that brings fitness, wellness, dining, entertainment, work and community activities into its residential developments. The…
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Zamara Secures Amethis Investment to Accelerate Digital and Pan-African Expansion
Pan-African financial services group Zamara has secured an investment from Africa-focused private equity firm Amethis as it prepares to accelerate spending on technology, digital capabilities and expansion across the continent. The companies announced the completion of the investment on September 9, marking a new phase for the Nairobi-based group, which has grown from an actuarial…
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Absa Bank Kenya Appoints Yusuf Omari CEO After 17 Years as CFO
Absa Bank Kenya has appointed Yusuf Omari as Managing Director and Chief Executive Officer, formally ending his stint as the bank’s interim CEO and putting a veteran executive with more than two decades of banking experience at the helm. Omari takes up the position with immediate effect after receiving the required regulatory and internal approvals.…