Author: David Indeje

Safaricom PLC has unveiled the first tranche of its KSh 40 billion Domestic Medium Term Note (MTN) Programme, offering up to KSh 15 billion in Fixed Rate Green Notes. The landmark issuance is already generating strong investor interest, positioning Safaricom as a leader in corporate‑backed environmental financing in Kenya. Key Highlights Programme Size: Up to KSh 40 billion Tranche I Target: KSh 15 billion, plus a KSh 5 billion greenshoe option Tenor: 5 years Interest Rate: 10.40% fixed per annum Minimum Subscription: KSh 50,000 (in multiples of KSh 10,000) Note Type: Senior, unsecured, green Listing: Nairobi Securities Exchange (NSE) Safaricom’s…

In a continent where a single medical emergency can wipe out a family’s savings, one startup is rewriting the rules of financial protection and doing it with speed, empathy, and scale.  Turaco, a Nairobi-based insurtech, has grown from 100,000 users to millions across six African countries in just three years. The catalyst? A bold vision, embedded distribution, and a catalytic push from the Boost Africa Initiative. “I Got Sick. Turaco Paid My Hospital Bill.” Caroline Mimo Muri, a small business owner, never imagined insurance would be part of her entrepreneurial journey. “I joined Asha to expand my business. In the…

Diamond Trust Bank (DTB) has reached a milestone in its flagship environmental initiative, ‘Much More Than Trees’, planting and nurturing over one million trees since the programme’s launch in 2023. The initiative, unveiled at AMREF International University in Northlands, Ruiru, is part of DTB’s broader commitment to achieve net‑zero operations by 2030. The ceremony marking the achievement was presided over by Dr. Clement Ng’oriareng, Principal Senior Deputy Director of Forest Conservation and Management at the Kenya Forest Service. https://youtu.be/QyK4enoeRTc DTB Group CEO Nasim Devji underscored the bank’s long‑term vision: “Tree‑growing is key to sustainability, and we are keen on growing…

Sidian Bank has posted a remarkable turnaround in its third-quarter results for the period ended 30 September 2025, reporting a profit after tax of KES 1.4 billion, a staggering 444.75% increase from KES 257 million in the same period last year. This performance highlights the bank’s strategic shift toward income diversification and balance sheet resilience, marked by significant gains in non-interest income and government securities, which cushioned a modest decline in loan-related earnings. Financial Highlights Metric Q3 2025 (KES Bn) Q3 2024 (KES Bn) YoY Change (%) Profit After Tax (PAT) 1.40 0.257 +444.75% Interest Income 6.10 4.70 +29.79% Income…

Tatu City’s dynamic growth narrative reached a new milestone with the unveiling of Porini Point, a residential enclave designed for homeowners and investors seeking modern, high-quality apartments in Africa’s fastest-growing new city.  Set on a hillside adjacent to the world’s only urban wildlife sanctuary, Porini Point blends nature, infrastructure, and lifestyle into a bold new vision for Kenyan urbanism. “Every city has a beginning. Every story starts with a dream… a city that is sustainable, beautiful, and modern. That is how Tatu City was born,” said Preston Mendenhall, Group COO and Kenya Country Head at Rendeavour. A Vision Rooted in…

Vodacom Group, South Africa’s largest telecom operator, has ruled out spinning off M-PESA from Safaricom or listing it as a standalone entity despite renewed pressure from Kenyan authorities to unbundle the telco’s core businesses. The group, which co-owns Safaricom with the Kenyan government (each holding a 40% stake), said M-Pesa’s mobile money operations are “intricately linked” to Safaricom’s value proposition. “We’re not looking to separately list the financial service businesses,” Vodacom CEO Mohamed Joosub said during Tuesday’s earnings call. “We see it more closely linked and coupling that with loyalty going forward.” M-PESA Powers Safaricom’s Strong HY26 Results The statement…