Milcah Lukhanyu

Watu Credit Expands Digital Access with Over 3 Million Smartphones Financed

Business, Startups /

Watu Credit, a fast-growing asset financing company, has announced it has financed over 3 million smartphones across eight African countries, marking a major milestone in its mission to expand digital inclusion on the continent. Speaking in an interview with Capital FM Business, Kevin Michuki, the firm’s Head of Growth, said the achievement reflects growing demand […]

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Safaricom Pumps KSh 2.4 Billion into Circle Gas to Scale Pay-As-You-Go Clean Energy Model

Business, Climate Finance /

Safaricom PLC has announced a fresh capital injection of KSh 2.4 billion into Circle Gas Ltd, the UK-based parent company of Kenya’s pay-as-you-go (PAYG) cooking gas provider, M-Gas. The move signals Safaricom’s continued confidence in the venture’s long-term strategic value, despite its current loss-making status. The telco giant is betting big on technology-driven access to

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Sidian Bank Clinches Customer Focus and Innovation Award 2025

Business /

Sidian Bancassurance won big at the 2025 Think Business Insurance Awards, earning top honors for innovation, customer focus, and excellence in insurance delivery. At the prestigious event held in Nairobi, the firm was named Most Customer-Centric Bancassurance Intermediary, a coveted award that recognizes organizations that place customer needs at the heart of their operations. The

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Kenya Seeks UAE Investment to Fund SGR Extension to Malaba a

Business /

Kenya is in talks with UAE’s Etihad Rail to fund and operate the Standard Gauge Railway extension from Naivasha to Malaba through freight concessions. This initiative is part of a broader strategy to attract private sector participation in regional infrastructure development. Davis Chirchir, the Cabinet Secretary for Roads and Transport, stated that the government aims

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Absa Kenya Unveils Country’s First Shariah-Compliant Mobile Banking Platform and Payment Card

Business /

Absa Bank Kenya has introduced La Riba Timiza, the first fully Shariah-compliant mobile banking platform developed by a Tier 1 bank in Kenya. This groundbreaking initiative seeks to promote financial inclusion by offering ethical, interest-free banking solutions tailored specifically for Kenya’s growing Islamic finance sector. “We take immense pride in being pioneers of Islamic banking

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Kenya Approves First National Drone Corridor at Konza Technopolis, Boosting Innovation and Economic Growth

Climate Finance /

Kenya has approved its first drone corridor at Konza Technopolis, enabling safe BVLOS operations and boosting innovation, research, and economic growth. Spearheaded by the Konza Technopolis Development Authority (KoTDA), the drone corridor is Kenya’s first designated and controlled airspace specifically dedicated to Beyond Visual Line of Sight (BVLOS) drone operations. This move places Kenya among

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Unilever and Equity Bank Launch Sh2.4 Billion Credit Facility to Empower Kenyan SMEs

Climate Finance /

Unilever Kenya and Equity Bank have launched a Sh2.4 billion initiative to support SMEs, boost supply chains, and improve nationwide product availability. The partnership will see Equity Bank provide customised working capital loans to Unilever’s network of distributors. These loans are tailored to help distributors improve inventory levels, expand into new and underserved markets, and

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New AIBK–Birdview Deal Aims to Grow Insurance Coverage in Kenya

Climate Finance /

The Association of Insurance Brokers of Kenya (AIBK) has partnered with Birdview Microinsurance, to boost the uptake of microinsurance across Kenya. The collaboration is grounded in a shared vision to deepen insurance penetration in a country where most low-income households, informal sector workers, and small businesses remain excluded from traditional insurance services. Speaking during the

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Tatu City Unveils Jabali Towers, Promising Investors Returns of up to 25%

Business, Tech /

Tatu City has officially launched Jabali Towers, a landmark real estate project set to redefine urban living and investment in Kenya. Strategically situated in Tatu Central,the vibrant commercial and residential heart of Tatu City,the high-rise development is poised to deliver annual returns of between 15% and 25%, through a blend of residential rental yields and

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CBK Launches Survey to Improve Transparency and Affordability of Credit

Business /

The Central Bank of Kenya (CBK), in partnership with the Kenya Bankers Association (KBA), has rolled out a nationwide survey aimed at enhancing the user experience of the Total Cost of Credit (TCC) platform. The initiative forms part of broader efforts to make credit more affordable, transparent, and accessible to borrowers across the country. The

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