Business

Watu Credit Expands Digital Access with Over 3 Million Smartphones Financed

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

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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Bolt partners with NTSA, National Police & County Govt to train drivers on road and app safety

Bolt, the ridehailing platform, today hosted a comprehensive safety training workshop for drivers and couriers on its platform. This initiative, a collaborative effort with the National Transport and Safety Authority (NTSA), the National Police Service (NPS) Traffic Police Department, and the Nairobi City County Government (NCCG), aimed to enhance road safety through practical, regulatory-aligned learning.

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Sidian Bank Clinches Customer Focus and Innovation Award 2025

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

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

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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Cynthia Karuri-Kropac Leaves Safaricom as Telco Hunts for New Chief Enterprise Business Officer

Cynthia Karuri–Kropac has left Safaricom as its Chief Enterprise Business Officer after joining the telco on 1st September 2022 from US telco AT&T, where she was the Senior Director, Enterprise Mobile and IoT Technologies, since 2019. Her career at AT&T. spanned 19 years, having held various management and leadership roles. Cynthia Karuri–Kropac took over from

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KDC Unlocks Kes 500 Million for SMEs at Next Frontier Africa 2025

Kenya Development Corporation (KDC) has delivered a KES 57 million dividend to the National Treasury and unveiled a KES 500 million recovery facility for SACCO-based lending. KDC announced this during the inaugural Next Frontier Africa 2025 Summit, a three-day Summit, convened by KDC at the Kenyatta International Convention Centre (KICC). Held under the theme Catalyzing

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NCBA Hosts FX Customers to Provide Global Markets Business Insights

NCBA hosted over 100 business leaders, exporters, importers and financial decision-makers from across sectors in a forum aimed at equipping them with insights on navigating economic uncertainty, optimizing liquidity, and achieving sustainable growth. Under the theme ‘Building Resilient Businesses in a Shifting Global Landscape’ the goal was to give a holistic look at how digital banking, smart capital

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Tatu City Water and Sanitation Company (TATUWASCo) Named Best Private Utility Company of the Year

Tatu City Water and Sanitation Company (TATUWASCo) has won two prestigious national awards—Best Private Utility Company of the Year and Excellence in Corporate Governance for Utility Providers, as ranked by the Water Services Regulatory Board (WASREB). Tatu City water firm won the awards due to rigorous evaluation across Water Service Provider performance metrics, including water

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