Kenyan Firm Equitax Africa Develops Digital Banking Systems for SACCOs and Lenders
As more financial institutions embrace digital services, Kenyan technology company Equitax Africa Solutions Limited is seeking to simplify how microfinance institutions, SACCOs and fintech companies manage their lending operations. The locally registered…
LG Unveils xboom Stage 501 Speaker in East Africa With AI-Powered Karaoke Features
LG Electronics has launched its xboom Stage 501 portable party speaker across East Africa, introducing a new audio device that combines powerful sound, AI-powered karaoke and interactive lighting for home and outdoor entertainment. The speaker allows…
Safaricom Names Boniface Mungania as Chief Financial Services Officer
Safaricom has appointed Boniface Mungania as its Chief Financial Services Officer, effective November 1, 2026, following the receipt of all relevant regulatory approvals. Mungania will report directly to the Chief Executive Officer, taking charge of the…
Kenyan Banks Lose Record Sh1.9 Billion to Fraud as Cybercrime Cases Surge
Kenyan banks lost a record KSh1.9 billion to fraud in 2025, highlighting the growing threat posed by cybercriminals targeting financial institutions and customers through digital banking platforms. Data from the Central Bank of Kenya (CBK) shows that…
Safaricom Sets November 13 Deadline for Kenyans to Surrender Old Phones, Chargers
Safaricom has urged Kenyans to surrender old mobile phones, chargers, earphones and other unused electronic accessories at its retail shops across the country ahead of a November 13, 2026 deadline. In a public notice issued on Thursday, November 6, the…
Samsung Named Among Kenya’s Top Three Strongest Brands in 2026 Rankings
Samsung has been named among Kenya’s three strongest brands in the 2026 Superbrands East Africa rankings, emerging as the country’s leading electronics brand and the highest-ranked foreign brand overall. The company scored 89.622 points, placing it among…
Safaricom net income rises to Sh58.2B in half-year
Safaricom reported a 35.9 per cent rise in net income to Sh58.2 billion for the six months ended September 30, 2026, driven by strong performance in its Kenya and Ethiopia operations. The telecommunications company recorded a 13.1 per cent increase in…
SGA Security Wins Living Planet Award 2026 for Leadership in Sustainable Business
NAIROBI, 03 November 2026 SGA Security has been named the winner of the Netherlands Chamber of Commerce Living Planet Award 2026, in recognition of its commitment to sustainable business practices. The award was presented during the Netherlands…
M-Pesa crosses Sh100bn revenue as Safaricom profits jump to Sh58.2bn in H1
Safaricom’s mobile money business, M-Pesa, has crossed the Sh100 billion revenue mark for the first time in a half-year period, underscoring its growing contribution to the telecommunications group’s earnings. This as the company strengthens its…
Kenya lost Sh116bn on SGR construction, due to weak governance structures says World Bank
Kenya could have saved up to US$900 million (about Sh116 billion) in the construction of the Standard Gauge Railway (SGR) between Mombasa and Nairobi if the project had been delivered at a cost comparable to Tanzania’s railway, a new World Bank…