Kenya’s banking sector has announced an unprecedented financial commitment of KSh 450 billion to support Micro, Small, and Medium Enterprises (MSMEs). This move reflects the sector’s dedication to bolstering the backbone of the economy—MSMEs—which account for over 80% of Kenya’s employment. With this significant capital injection, the banks aim to uplift small businesses, empowering them…
JP Morgan Chase, one of the largest global financial institutions, has announced the appointment of Sailepu Montet as the Country Manager for Kenya. Montet brings a wealth of experience to the role, having served in senior positions at the Central Bank of Kenya (CBK) for over two decades. His appointment signifies JP Morgan’s strategic focus…
NAIROBI, Kenya – East Africa Growth (EAG), a prominent private equity firm, has announced its decision to acquire an additional 5% stake in I&M Bank, one of Kenya’s leading financial institutions. This move signals EAG’s commitment to strengthening its presence in the East African banking sector and underscores the growth potential of the region’s financial…
PawaPay, a leader in mobile money payment systems in Africa, has surpassed $1 billion in transactions. This is a major milestone for a company dedicated to enhancing mobile financial services across Africa. While PawaPay has gained prominence by working with Africa’s “Big Four” economies—Nigeria, Kenya, South Africa, and Egypt—its future strategy appears to shift toward…
In the ever-evolving world of insurance, companies must stay ahead of the curve by offering innovative products that address specific needs. First Assurance, a subsidiary of the Absa Group, is taking this approach seriously by introducing tailor-made insurance solutions to increase market penetration. By focusing on personalized products, the company is positioning itself to meet…
