Author: David Indeje

Equity Group Holdings Plc posted a record KSh 54.1 billion in profit after tax for the first nine months of 2025, surpassing its full-year 2024 earnings of KSh 48.8 billion and positioning the Group for its most profitable year on record. “Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives,” said Dr. James Mwangi, Managing Director and CEO. Key Financial Highlights (YoY Q3 2025 vs Q3 2024) Metric Q3 2025 (KSh Bn) Q3 2024 (KSh Bn) YoY Growth Net Interest Income 93.5 80.6 +16% Non-Funded Income 62.8 61.1 +3%…

Western Union, the global remittance giant, is entering the digital asset space with the launch of its own US Dollar Payment Token (USDPT), a regulated, dollar-backed stablecoin set to debut in the first half of 2026 on the Solana blockchain. Issued by Anchorage Digital Bank, USDPT will allow users to send, receive, spend, and hold digital dollars, bridging traditional finance and crypto through Western Union’s new Digital Asset Network. The initiative aims to streamline cross-border payments and offer real-world utility for digital assets. “Stablecoins are the next evolution of how remittances will move around the world,” said Devin McGranahan, CEO…

In a rapidly evolving digital and mobility landscape, Watu Credit is redefining customer engagement by blending empathy, innovation, and strategic partnerships. At Watu, customer engagement isn’t just a department. It is a philosophy. And if you ask Godlisten Shayo, Head of Customer Engagement at Watu Kenya (or simply “G” as most call him), it’s the heartbeat of everything they do. Shayo leads a team of over 350 professionals dedicated to building trust, empathy, and impact at every touchpoint. “We are only successful when the customer says they are satisfied,” Shayo says. “No matter how good our repayment rates are, if…

The Law Society of Kenya (LSK) has cleared Advocate Cecil Guyana Miller of any wrongdoing following allegations by Ambassador Peter Munyiri, Kenya’s High Commissioner to India. The claims, which centred around an alleged refund of legal fees, have now been dismissed as outside LSK’s jurisdiction and are already subject to court proceedings. According to Miller, Ambassador Munyiri has been leveraging bloggers and social media influencers to circulate the narrative that the prominent lawyer owes him money. However, email records and official correspondence paint a very different picture. In an email dated March 31, 2016, Miller wrote to Munyiri stating: “…I…

In Africa’s vibrant but capital-constrained startup ecosystem, early-stage entrepreneurs often face a paradox: high-impact ideas with low access to funding. Aeko Ongodia founded XENO Investment, a goal-based investment platform serving individuals, families, and institutions in Kenya and Uganda. “Being a startup with no collateral or even a history of revenue to show the banks, they didn’t want to touch us, even with a 10-foot pole! That is the reality for many African founders. Traditional financing channels are risk-averse, and early-stage ventures often lack the track record to attract institutional capital. For XENO, this meant slow growth and missed opportunities until…

The East African Community (EAC) has confirmed the Kisumu–Busia/Kakira–Malaba expressway as a feasible and investment-ready infrastructure project. In a statement issued on October 21, the EAC declared: “Kenya-Uganda Expressway good to go. Movement between Kenya and Uganda via the Northern Corridor is set for transformation.” The expressway will span nearly 200 kilometres, connecting Kisumu and Busia in Kenya to Kakira and Malaba in Uganda. It was endorsed during a Market Sounding Conference in Kampala, where government officials, financiers, and private sector leaders reviewed feasibility studies and investment models. Key Upgrades on Both Sides of the Border In Uganda: A new…