Cardtonic has launched in Kenya with a US dollar wallet alongside a Kenyan shilling wallet, plus virtual cards. The company positions the product as access to the global digital economy rather than a standard remittance service.
Gulf African Bank will waive Pesalink transfer fees, which the outlet describes as an industry first. The move targets customers sending money between bank accounts.
Faulu Microfinance Bank is shifting its lending strategy toward traders and small businesses. It is moving away from its traditional retail banking focus with new lending products.
Banks and fintechs are applying 16 percent VAT to fees for payment processing, card settlement and payment gateway services under the Finance Act 2026. The change alters the tax treatment of services used to move money.
Absa Bank Kenya says it has channeled more than about $1.5 billion (KSh200bn) into green and inclusive projects over five years. It disbursed about $430 million (KSh55.3bn) in sustainable lending in the latest period.
Sacco mortgage lending fell by about $21 million (KSh2.7bn) in 2025 even as demand for housing finance rose. Saccos still struggle to make mortgages a key product despite land and housing taking the largest share of their lending.
The Sacco Societies Regulatory Authority's latest industry report shows Sacco mortgage lending dropped by about $21 million (KSh2.7bn) in 2025. The regulator says Saccos still struggle to make mortgages a key product despite rising housing finance demand.
Bank of Baroda Kenya reported a profit after tax of about $34 million (KSh4.39bn) for the nine months to 30 September 2026, up 8.3 percent. Core capital rose 6.4 percent to about $270 million (KSh35.4bn) over the period.
The Kenya Bankers Association 2025 Customer Satisfaction Survey shows mobile money subscriptions grew 22 percent to 51.4 million. Active mobile money agents rose 24 percent to 473,536, and Co-op Bank ranked highly among younger customers.
South Africa's FirstRand Bank says it has stepped up its pursuit of a mid-sized Kenyan lender after failing earlier to close a deal at the right price. Business Daily reports the group is joining a rush by South African lenders into Kenya.
The Competition Authority of Kenya approved Credinvest's proposed acquisition of 100 per cent of Rafiki Microfinance Bank, per a Gazette notice under Section 46(6) of the Competition Act. The clearance is a regulatory step before the deal can complete.
A Central Bank of Kenya survey found the share of farmers borrowing for agricultural activities rose between July and September 2026. More farmers are now using Saccos and commercial banks rather than family networks for credit.
Safaricom has launched Fuliza Ya Pochi, an overdraft facility for eligible micro-business merchants using Pochi La Biashara wallets. It lets merchants draw credit when business wallets lack sufficient funds.
The Kenya Bankers Association's 2025 Total Tax Contribution Report shows member banks paid a record Sh205.58 billion in taxes. Banks distributed Sh402.26 billion in total, with the government taking 51.11 per cent.
