Nairobi, July 25 -- Average annual commissions earned by M-Pesa agents have dropped to a record low of Sh112,244 in the year ended March 2026 as increased competition squeezes returns, pushing them to... Read More
Nairobi, July 23 -- The Geothermal Development Company (GDC) is on the spot after an audit flagged Sh15.93 billion drilling rigs that are either idle or non-functional, adding to a list of underutilis... Read More
Nairobi, July 23 -- Jubilee Health Insurance has partnered with Singapore-headquartered insurtech bolttech to expand access to health insurance by embedding its products into digital platforms that co... Read More
Nairobi, July 22 -- The Treasury has ejected four of its representatives from the Kenya Reinsurance Corporation (Kenya Re) board, including chairman Erick Gumbo, in a bid to quell tensions that have r... Read More
Nairobi, July 21 -- The number of banks cutting Pesalink fees has nearly doubled to 19, as lenders roll out free transfers of up to Sh1,000 and a flat charge of Sh20 on larger transactions to attract ... Read More
Nairobi, July 20 -- The Kenya National Highways Authority (KeNHA) has incurred Sh8.2 billion in penalties on delayed payments to contractors in the financial year to June 30, 2025, even as project dis... Read More
Nairobi, July 19 -- The Central Bank of Kenya (CBK) has differed with the Supreme Court judgment requiring commercials banks to seek formal approval from the Treasury Cabinet Secretary before changing... Read More
Nairobi, July 19 -- Stanbic Holdings paid Sh1.11 billion in franchise fees to its South Africa-based parent, Standard Bank Group, in the year ended December 2025, marking the latest such payout to the... Read More
Nairobi, July 16 -- Deposits held by microfinance banks have edged up for the first time in three years, signalling a tentative recovery for a sector that has been under pressure from tight economic c... Read More
Nairobi, July 16 -- Mauritius-based insurer MUA Limited is weighing recapitalisation of its Kenyan subsidiary following the uncovering of Sh1.6 billion hidden liabilities through a forensic audit that... Read More