Author: Korir Issa

Yellow Card, Africa’s leading stablecoin infrastructure provider, has released its 2025 Impact Report, revealing a sharp rise in stablecoin usage across sub-Saharan Africa. Kenya joins Nigeria, South Africa, Ghana, Zambia, Ethiopia, and Uganda as key growth markets, with stablecoins now accounting for 43% of total crypto transaction volume in the region. Stablecoins Dominate Africa’s Crypto Economy Nigeria led the continent with nearly $22 billion in stablecoin transactions between July 2023 and June 2024. South Africa saw a 50% month-over-month growth since October 2023, with stablecoins overtaking bitcoin as the most popular cryptocurrency. The report notes: “Stablecoins are becoming an indispensable…

CFAO Mobility Kenya has appointed a liquidator to wind up DT Dobie, marking the final chapter for one of Kenya’s most iconic automotive brands. The move comes more than two years after DT Dobie transferred its business assets to its parent company, CFAO Motors Kenya. Merger and Restructuring The liquidation follows CFAO Group’s 2023 internal restructuring, which merged DT Dobie’s operations with CFAO Motors Kenya. The consolidation brought together two of Kenya’s oldest and most respected automotive players under one roof. Toyota Tsusho Corporation, which fully acquired CFAO in 2016, said the merger aimed to streamline its African mobility operations.…

I&M Group PLC reported a record-breaking half-year performance for the period ended 30 June 2025, with profit after tax (PAT) soaring 36.3% year-on-year to KES 8.3 billion, its highest H1 result to date. This marks a significant leap from KES 6.1 billion in H1 2024, underscoring the Group’s strategic execution and regional diversification. Earnings per share (EPS) rose 37% to KES 4.51, reflecting enhanced shareholder value and operational efficiency. Robust Income Growth Across the Board Net Interest Income surged 23.7% to KES 20.4 billion, supported by a 3.1% increase in total interest income to KES 32.1 billion. This was driven…

The Co-operative Bank Group has reported an 8.4% rise in after-tax profit for the first half of 2025, reaching KSh 14.08 billion, up from KSh 13 billion in the same period last year. Profit before tax rose 8.3% to KSh 19.66 billion, supported by robust growth in net interest income, digital adoption, and expanded customer outreach. “These results reflect the strength of our universal banking model, robust digital presence, extensive physical network, and deep roots in Africa’s largest co-operative movement with 15 million members,” said Group Managing Director and CEO Dr. Gideon Muriuki. Key Financial Highlights (January–June 2025) Metric H1…

Absa Bank Kenya PLC has announced a 9% year-on-year growth in profit after tax to KShs 11.7 billion for the half-year ended June 30, 2025.  This performance supports a robust return on equity of 26.5%, reflecting disciplined execution, prudent risk management, and strategic agility in a complex economic environment. “Our results highlight the resilience of our operations and the relevance of our growth strategy, centred on being the primary partner for our customers,” said Abdi Mohamed, Managing Director and CEO. Financial Highlights Metric H1 2024 H1 2025 YoY Change Profit After Tax KShs 10.7B KShs 11.7B +9% Revenue KShs 31.8B…

Kenya has eliminated sleeping sickness as a public health problem, the World Health Organisation announced on Friday. It becomes the tenth country to reach this milestone, joining Benin, Chad, Equatorial Guinea, Ghana, Guinea, Ivory Coast, Rwanda, Togo, and Uganda. Disease Overview Human African trypanosomiasis, or sleeping sickness, is a vector-borne disease endemic to sub-Saharan Africa. Without treatment, it is generally fatal, as the parasite invades multiple organs, including the brain. The disease is transmitted through the bites of tsetse flies carrying the blood parasite Trypanosoma brucei. Rural communities reliant on agriculture, fishing, animal husbandry, or hunting face the highest exposure…