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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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Quickmart plans Nairobi bourse listing through 50% share sale
Kenyan supermarket chain Quickmart plans to list on the Main Segment of the Nairobi Securities Exchange through the sale of a 50% stake by its existing shareholder, the company said. Sokoni Retail Kenya Ltd, which owns all of Quickmart, plans to sell 2 billion existing ordinary shares, representing half of the retailer’s issued share capital.…
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Kenya Airways Picks Sabre, Branchspace to Modernise Booking and Digital Retailing
Kenya Airways has partnered with Sabre and Branchspace to overhaul its reservations, ticketing and digital commerce systems as the airline moves toward more personalised travel offers and offer-and-order-based retailing. The carrier has selected Sabre to replace its core passenger service system, which has supported Kenya Airways’ reservations, inventory and airport check-in operations for more than…
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KCB Leads Kenya Banks With 17.3% Market Share as Loans Top KSh1 Trillion
KCB Bank Kenya retained its position as the country’s largest lender, with a 17.3% share of the banking market, ahead of Equity Bank at 11.8% and Co-operative Bank at 9.4%, according to Central Bank of Kenya data. KCB had the largest net assets, deposits, profit before tax and core capital among Kenyan banks. Its net…
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KCB, RUBIS, KTB Team Up to Push Inclusive Tourism in Kenya
KCB Group Plc, RUBIS Energy Kenya and the Kenya Tourism Board have launched a campaign to promote more accessible tourism in Kenya, using a five-day journey by six creators with disabilities to showcase destinations from perspectives beyond conventional visual travel content. The “Kenya Beyond Sight” campaign will take the creators through Kenya’s eastern and coastal…
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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…