Author: Lorine Otamo

Electric mobility firm Roam Motors has launched Kenya’s first universal fast‑charging station for light electric vehicles (LEVs), branded Roam Point. The system delivers up to 20 kilometres of range in under five minutes, marking a step toward nationwide EV charging infrastructure and positioning Roam as the operator of Africa’s first fast‑charging network dedicated to LEVs. Fast, Universal, and Always On Roam Point introduces 24‑hour, self‑service fast charging, designed to ease long‑standing frustrations among electric motorcycle and tuk‑tuk operators who often face long queues, restricted station hours, and compatibility problems at existing swap and charge facilities. Speed: Riders can fully charge…

The Central Bank of Kenya (CBK) has rolled out a new feature on its DhowCSD platform that allows investors to pay for successful bids in government securities directly through their mobile phones. Mobile Payments Through M‑Pesa CBK announced that investors can now make payments of up to Ksh250,000 via M‑PESA, accessible under the “Transactions” tab in the DhowCSD mobile app or online portal. Currently, M‑PESA is the only supported option, but CBK confirmed that additional mobile payment channels will be introduced in the future. You can now pay for your successful Government securities bids directly from your mobile phone for…

Stanbic Bank Kenya has reported a profit after tax of KES 9.38 billion for the nine months ended 30 September 2025. While this marks a 7.5% year-on-year decline, the bank maintained strong fundamentals amid a challenging macroeconomic environment, driven by interest rate compression and reduced foreign exchange margins. Despite the dip in profitability, Stanbic’s balance sheet remained resilient, with customer loans growing by 16% to KES 253 billion and customer deposits rising by 5% to KES 344 billion, reflecting continued customer confidence and strategic execution. Stanbic Bank Q3 2025 Financial Summary Metric Q3 2025 (KES Bn) YoY Change (%) Profit…

Britam General Insurance, Hotpoint Appliances, and MIC Global Risks have announced a strategic partnership to offer a 12-month all-risks insurance cover on select appliances purchased at Hotpoint outlets nationwide and online at no extra cost to customers. The cover is automatically activated at the point of purchase and protects eligible appliances against accidental damage, power surges, fire, water damage, transit loss, theft, burglary, and political violence and terrorism. Customers also benefit from a repair-or-replace guarantee, with claims processed via Britam’s digital claims portal. What’s Covered Eligible products include: Refrigerators and freezers Televisions and selected audio equipment Laundry machines and dishwashers…

Zenith Bank, Nigeria’s second-largest lender by asset base and market capitalisation, is set to acquire Kenya’s Paramount Bank in a strategic move that deepens its footprint in East Africa and signals growing investor confidence in Kenya’s evolving financial landscape. Nigerian Banks Deepen East African Presence Zenith joins Access Bank, which acquired the National Bank of Kenya from KCB Group in April 2025, as part of a broader wave of Nigerian financial institutions expanding into Kenya’s high-growth market. Executives from Zenith Bank recently travelled to Nairobi to meet with Paramount Bank shareholders. The transaction is expected to close within months, pending…

Kenya’s remittance inflows reached USD 438.8 million in October 2025, marking a 0.4% year-on-year increase from USD 437.2 million in October 2024. This represents the third-highest monthly inflow on record, according to the Central Bank of Kenya. Cumulatively, diaspora remittances over the 12 months to October 2025 totalled USD 5.08 billion, up 5.8% from USD 4.80 billion in the same period last year. This puts 2025 on track to exceed USD 5 billion in annual remittances for the first time, reinforcing the sector’s role as a key pillar of Kenya’s foreign exchange earnings and balance of payments support. Year-to-Date Performance…