Milcah Lukhanyu

 Family Bank shareholders have approved a KES 1.1 billion, KES 0.85 per Share, dividend pay-out for the 2024 financial year. The dividends represent a 53% increase from the 2023 pay-out, when shareholders approved a distribution of KES 723 million. This year’s pay-out follows a 38% surge in profit after tax, which closed at KES 3.4 billion for the year ended […]

President William Ruto has praised the Kenyan diaspora community for its increasing contribution to national development, following a historic surge in remittances that reached a record KSh638 billion ($4.95 billion) in 2024. Speaking at State House Nairobi on Monday during a meeting with representatives from 27 countries, President Ruto remarked that diaspora remittances now surpass

Paul Russo, the Chief Executive Officer of KCB Group PLC, has been elected as the new Chairperson of the Kenya Bankers Association (KBA), succeeding John Gachora, who held the position since June 2021. This leadership change comes at a pivotal time for the banking industry, which is increasingly focused on expanding access to credit for

Peach Cars, a Kenyan automotive tech startup, has secured $11 million in Series A funding to expand its operations and improve consumer confidence in Africa’s fragmented and informal used car market. The new funding follows its earlier $5 million seed and will support the company’s mission to create a transparent, customer-centric vehicle marketplace that simplifies

The East African Development Bank (EADB) has secured a $40 million loan from the OPEC Fund for International Development to drive regional development initiatives across East Africa. The East African Development Bank (EADB) is a regional development finance institution established to provide long-term finance for enterprises in East Africa to promote development and regional integration