Author: Muindi

The Central Bank of Kenya (CBK) has announced a sweeping reform to how commercial banks price loans, unveiling a revised Risk-Based Credit Pricing Model (RBCPM) that ties lending rates to a new interbank benchmark known as the Kenya Shilling Overnight Interbank Average (KESONIA). Starting September 1, 2025, all new variable-rate loans in Kenyan shillings will be priced as KESONIA + “K”, where “K” represents a bank-specific premium based on cost of funds, shareholder returns, and borrower risk. Existing loans will transition to the new model by February 28, 2026, following a six-month adjustment period. “KESONIA will be applicable to all…

Equity Group Holdings Plc is rewriting the insurance playbook in Kenya. By unifying life, health, and general insurance under one roof, the Group is delivering on its promise of holistic financial solutions for all. This bold transformation, anchored in Equity’s growth and diversification strategy, is reshaping how Kenyans access, experience, and benefit from insurance. At the heart of this evolution is Equity Life Assurance Kenya (ELAK), whose rapid growth and digital-first approach are setting new benchmarks for innovation, inclusion, and impact. Delivering Impact Through Growth Equity’s insurance business posted stellar results in the first half of 2025, underscoring strong market…

The football action is reaching a boiling point this week as SuperSport delivers a blockbuster midweek lineup featuring the decisive playoff round of the UEFA Champions League and the unpredictable thrills of the Carabao Cup. From European giants chasing group stage glory to underdogs dreaming of cup upsets, every match promises intensity, drama, and unforgettable moments. Two Competitions. One Epic Week. All live on SuperSport. UEFA Champions League: Final Push for Group Stage Glory The final playoff round enters its decisive second legs, with coveted group stage spots on the line and the official draw set for 28 August. Expect…

WPP Scangroup PLC has released its unaudited half-year financial results for the period ending June 30, 2025, showing resilience despite a challenging macroeconomic environment and reduced client spending. The company said the first half of 2025 was marked by a challenging macroeconomic environment, with high inflation and currency volatility impacting client budgets and project timelines. “Our gross profit declined by 16%, driven by reductions in client spend and trading pressures across key markets. Despite this, we demonstrated resilience by reducing operating and administrative expenses by KES 32 million,” noted the Board of Directors. Financial Highlights (KES Millions) Metric H1 2025…

Kenya’s infrastructure sector made notable strides in H1 2025, with the government allocating KSh 217.3 billion for road development, a 12.3% increase from the previous fiscal year. This investment signals a strategic pivot toward long-term connectivity and economic stimulation, with Public-Private Partnerships (PPPs) playing a central role in unlocking capital and accelerating delivery, according to Knight Frank Kenya’s Market Update H1 2025. PPP Momentum Builds Of the 33 PPP projects identified nationwide, 8 are active and 25 remain in the pipeline. The National Treasury has announced plans to initiate KSh 70 billion in new PPP deals starting July 1, 2025,…

Safaricom has launched B-Live, a new data product that allows customers to pay for mobile internet based on time rather than data volume, a bold shift aimed at restoring predictability and control in how Kenyans experience connectivity. What Is B-Live? B-Live offers unlimited browsing for fixed periods: 1 hour for KES 20 3 hours for KES 50 6 hours for KES 150 The bundles are available via USSD codes *544# and *555#, or through the mySafaricom app and web portal. “We recognise that our customers are different. Some prefer managing their usage in MBs or GBs, while others simply want…