Author: David Indeje

Every day in 2025, KCB put KShs 1.5 billion into the hands of borrowers through a mobile phone. No branch visit; no paper form; no queue. That figure sits inside the bank’s 2025 Integrated Report and Financial Statements, and it tells a story worth unpacking. Mobile loan disbursements grew 30 percent year on year to KShs 544 billion, pushing the bank’s five-year mobile lending total past KShs 1.6 trillion. Behind that number sits a deliberate set of decisions about who qualifies for credit, how much they can borrow, and how often those limits update. Group Chief Executive Officer Paul Russo…

French President Emmanuel Macron arrived in Nairobi on Sunday and moved immediately to business. Before the Africa Forward Summit formally opened, he signed a package of bilateral agreements with President William Ruto covering ports, wind energy, rail, water, digital infrastructure and nuclear cooperation. When the summit opened Monday, Macron announced €23 billion in investment for Africa — €14 billion from French public and private entities and €9 billion from African investors — targeting energy transition, artificial intelligence, the maritime economy and agriculture. He said the deals would generate 250,000 direct jobs across France and Africa. Macron told the audience at…

Safaricom shareholders will receive KSh 80 billion in dividends for the financial year ending 31 March 2026, a 66.7% increase on the previous year and the largest payout in the company’s 25-year history. Net income attributable to shareholders grew 67.3% to a record KSh 100 billion. Kenya crossed KSh 400 billion in service revenue for the first time. Ethiopia halved its startup losses. “Net income attributable to shareholders of Safaricom grew 67.3% to a record 100 billion Kenya shillings,” CEO Peter Ndegwa told shareholders, investors and media at the results presentation. “When you are a CEO presenting these numbers, you…

Kenya’s private sector contracted for a second straight month in April, squeezed by a sharp rise in fuel prices that eroded margins and kept consumers from spending, a closely watched business survey revealed Wednesday. The Stanbic Bank Kenya Purchasing Managers’ Index climbed to 49.4 in April from 47.7 in March, yet stayed below the 50.0 threshold that separates growth from contraction. March had marked the first sub-50 reading since August 2025. Fuel costs drive demand lower across key sectors The primary culprit was energy prices. In mid-April, Kenya raised retail fuel prices by up to 24.2% following a spike in…

Kenya leads the world in artificial intelligence adoption. It also leads in an inability to detect what AI produces. Those two facts, sitting side by side in separate reports released within months of each other, define the most consequential tension in Kenya’s media landscape right now. According to the 2026 Global Digital Report by DataReportal and Meltwater, 42.1 percent of Kenyan internet users aged 16 and above used ChatGPT in the past month, placing the country at the top globally, ahead of the UAE at 42 percent and Israel at 41.4 percent. Tech analyst Moses Kemibaro attributes the ranking to…

Standard Chartered Bank Kenya has placed its iconic Chiromo headquarters on the market, reclassifying the property as held for sale in June 2025 and carrying it on its books at KES 1.41 billion as at 31 December 2025. The move marks a sharp escalation from the previous year. The bank’s non-current assets held for sale stood at KES 215 million at the close of 2024, before the Chiromo transfer pushed that figure to KES 1.41 billion, a change driven almost entirely by the reclassification of the headquarters property. What the Chiromo Property Comprises Standard Chartered@Chiromo sits in Westlands, Nairobi, and…