Author: Lynet Awino

The African Export-Import Bank (Afreximbank) has issued a US$29 million guarantee to BSMART Technology Ltd. The guarantee supports the rollout of the EAC Customs Bond, a digital system that lets traders move goods across East African borders without repeated paperwork at each crossing. What the Guarantee Covers The facility strengthens the financial base behind the EAC Customs Bond and helps BSMART Technology Ltd expand the platform’s reach. Afreximbank designed the guarantee to push the region toward a digital, integrated customs system rather than one built on physical document checks at every post. How the Digital Bond Works Under the platform,…

A new immersive installation opens in Nairobi this week, inviting audiences to sit with questions about water, power and memory rather than rushing toward easy answers. The Water Between Us, a multidisciplinary lecture performance, runs at the Goethe-Institut Nairobi on 23 and 24 September 2026. Musyi Arts & Productions created the piece with artists Esther Kamba and Louisa Schiedek. Their research spans Hamburg and Nairobi, and the resulting work treats water as a site where colonial power, ancestral knowledge and gendered resistance collide. A Work Built On Discomfort The installation does not offer solutions. It asks audiences to stay in…

Standard Chartered Bank Kenya has dropped out of the country’s Tier One banking group for the first time in years, according to the Central Bank of Kenya’s 2025 annual report. The lender’s market size index fell to 4.5 percent in 2025, down from 5.4 percent in 2024, pushing it below the 5 percent threshold that separates large banks from medium sized ones. The bank now ranks ninth overall, a drop from eighth position, and sits at the top of CBK’s Medium Peer Group rather than among the large lenders that dominate the sector. What The Numbers Show CBK classifies banks…

Kenya’s fixed internet market grew faster than any other segment tracked by the Communications Authority of Kenya in the 2025/26 financial year, with subscriptions rising 32.4 per cent to 2.84 million by the end of June 2026, up from 2.14 million a year earlier. CA called the segment a case of “unprecedented growth, driven by intense competition, a shifting digital economy, and aggressive infrastructure rollouts” in its fourth quarter report. Quarter on quarter growth alone came in at 6.9 per cent between March and June. Technology shift favors fibre and wireless Fibre optic connections remain the backbone of the market,…

British Airways will fly to Tanzania again from next year, ending a gap that has kept the airline out of the country since 2013. The airline confirmed on Thursday that it will launch a new route connecting London Gatwick with Kilimanjaro and Zanzibar starting 29 May 2027. The service will run three times a week through the end of October, covering the peak safari season and UK school holidays. It marks British Airways’ first scheduled return to Tanzania since it withdrew its Dar es Salaam route in March 2013, a gap of 13 years driven largely by competition from Gulf…

Bank of Baroda Kenya has dismissed reports that it is closing its operations as false and misleading, moving to calm customers days after a court ordered the attachment of its assets in a Ksh2.99 billion dispute. In a statement issued on 18 September 2026 and titled Official Clarification, the lender said reports circulating about an alleged shutdown of its Kenyan business had no basis in fact. It urged customers, employees, business partners and members of the public to ignore the claims and rely only on official communication from the bank and its regulators. “The Bank continues to operate normally in…