In a landmark move toward expanding capital markets access and deepening financial inclusion, Kenya’s Capital Markets Authority (CMA) has formally licensed Sycamore Capital Limited’s Cashlet App and Jipay Payment Solutions Limited as Intermediary Service Platform Providers (ISPPs). This approval enables both fintech firms to officially mediate between retail investors and licensed fund managers, integrating everyday […]
The Central Bank of Kenya (CBK) has unveiled a plan to establish formal compensation rules for e-money and digital wallet fraud, marking a new chapter in the country’s digital finance regulation. The move is intended to close existing gaps in consumer protection, particularly as mobile wallets and digital financial services (DFS) become increasingly central to […]
The announcement that Wafa Assurance, one of Morocco’s largest insurers, is seeking to acquire Delta Insurance of Egypt in a deal worth approximately US$317 million has sent ripples across Africa’s insurance landscape. While the transaction is centered in North Africa, the COMESA Competition Commission has stepped in to review its impact across member states, sparking […]
Mastercard has struck a partnership with Hillcroft (mTek) to integrate embedded insurance solutions into its consumer and SME card products in East Africa. According to a press release from Mastercard, the collaboration will embed insurance cover into everyday payment flows, enabling seamless access to protection. Under this model, users making transactions will be offered tailored […]
Kenya’s financial regulators are pushing forward a landmark reform designed to reinforce trust in the banking and insurance sectors by doubling the maximum compensation payable to customers when institutions fail. The proposal, which forms part of the Kenya National Financial Inclusion Strategy 2025–2028, seeks to increase the Policyholders’ Compensation Fund (PCF) ceiling from KSh 250,000 […]
The Kenya Deposit Insurance Corporation (KDIC) has published an updated list of institutions whose deposits are officially protected through 30 June 2026, reinforcing public confidence in Kenya’s banking sector. Under the Kenya Deposit Insurance Act, 2012, depositors are guaranteed coverage up to KSh 500,000 per depositor per institution in the event of a bank failure. […]
The Nairobi Securities Exchange (NSE) has officially launched a new Banking Sector Index, a sector-focused benchmark designed to provide investors with a clear view of the performance of Kenya’s banking industry. Effective October 1, 2025, the index is a market-cap-weighted, float-adjusted tool that covers the free float of all listed banks on the exchange. Build […]
In a development that has caught the attention of market observers, Shri Krishana Overseas Limited (SKL) Plc, a packaging solutions provider that recently made its debut on the Nairobi Securities Exchange (NSE), has issued a profit warning barely two months after listing. The company, which trades on the Small and Medium Enterprises (SME) Market Segment, […]
Family Bank shareholders are preparing for a pivotal moment in the institution’s history as they gear up for an Extraordinary General Meeting (EGM) scheduled for October 27, 2025. The virtual meeting will determine whether the bank proceeds with listing its ordinary shares on the Nairobi Securities Exchange (NSE) by introduction, a move that could mark […]
Crown Paints Kenya Plc, a household name in East Africa’s building and decorative paints sector, emerged as the top price gainer at the Nairobi Securities Exchange (NSE) last week. The company’s stock climbed 15.4% to close at KSh 57.00, capping a remarkable run that reflects a robust financial turnaround and renewed investor appetite for consumer […]
The Kenya Revenue Authority has announced an 8 percent market interest rate for fringe benefits and low-interest employee loans for...
Turkey's Central Bank of the Republic of Türkiye delivered a more cautious than expected 100 basis point reduction in its...
The European Union has positioned Nigeria and other African countries as major beneficiaries of its 2026 humanitarian response, allocating €557...
In a significant boost to Kenya's climate finance infrastructure, the World Bank has committed approximately Sh5.5 billion ($43 million) to...
