Anzens, issuer of the dollar-backed stablecoin USDA, has partnered with Credit Bank PLC to integrate its blockchain-based payment infrastructure into the Kenyan lender’s service suite. This initiative marks a pivot from speculative digital assets toward functional financial utility within a regulated environment. Modernizing Cross-Border Settlements The partnership aims to embed regulated stablecoin infrastructure into traditional banking, replacing slow, high-cost correspondent banking systems. The project remains in an exploratory phase and requires ongoing consultation with the Central Bank of Kenya. If regulators approve the model, Credit Bank will become the first commercial bank in an emerging market to distribute, mint, and…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Safaricom has pushed version 5.1.5 of My OneApp to the Google Play Store, and the update goes straight after the two things users complained about most since launch. The Favourites tab returns to the transactions section. You can save the contacts you pay most often and reach them in seconds, no more scrolling through your full transaction history every time. Alongside that, the Frequents section now does a better job of putting your most-used services front and centre. The apps and actions you open every day move closer to the surface, so routine tasks take fewer steps. Both fixes sound…
More than 666 million people worldwide still live without electricity. Sub-Saharan Africa carries the heaviest share of that burden. Of the 20 countries with the widest electricity access deficits recorded in 2023, 18 sit in the region, according to the International Energy Agency’s Tracking SDG 7: The Energy Progress Report 2025. Without a significant change in pace, the IEA warns that universal energy access by 2030 will remain out of reach. Schneider Electric used the Alliance for Rural Electrification (ARE) Energy Access Investment Forum 2026 in Nairobi to restate its position on that challenge and to show the solutions it…
When it comes to sports betting, you need to enter the ring with a strategy. If you’re a beginner, there are certain key features of sports betting that you need to understand and stay on top of. This is a market that changes rapidly and if you’re not up to date with all the changes, then you’ll be left behind. Research, consistency, patience and understanding are all going to be your guiding words within the sports betting market. The first thing you have to do is start with a clear plan. This means having certain boundaries around how you plan…
Sanlam Allianz Holdings (Kenya) Plc closed 2025 with a profit before tax of KSh 1.315 billion, a 7.65% decline from the prior year, as stronger underwriting performance was offset by a sharp deterioration in investment returns. The results mark a year in which the group completed a rights issue, executed a corporate rebrand and restructured its balance sheet, building a foundation that analysts say positions it well for the period ahead, even as near-term earnings remain under pressure. A Year of Transition and Rebrand The group rebranded from Sanlam Kenya PLC to SanlamAllianz Holdings (Kenya) PLC during the year, reflecting…
Advtech delivered its strongest financial performance on record in 2025, reporting revenue of R9.33 billion (KSh 70.44 billion) and operating profit of R2.04 billion (KSh 15.39 billion) for the year ended 31 December, the first time the Johannesburg-listed education group has crossed the two-billion-rand profit threshold. Revenue grew 9.5% while operating profit climbed 13.8%, according to audited results released on 23 March 2026. The numbers reflect a business that has moved well beyond its South African roots, with Kenya now standing as its most significant international market. Education Drives the Numbers The Education division, which contributes 84% of group revenue,…