The banking giant announced a pre-tax profit of KSh24.4 billion for the quarter ending March 31, 2026 — a 15.3 per cent increase from the KSh21.2 billion recorded during the same period last year.

The strong performance came at a time when businesses and households across the region continue to grapple with high borrowing costs, weaker consumer spending and uncertainty linked to global conflicts.

KCB said total operating income rose by 8.5 per cent to KSh53.6 billion, largely driven by growth in interest-earning assets and expansion across regional markets. The Group’s balance sheet also crossed the KSh2.3 trillion mark after expanding by 10.8 per cent, supported by a surge in customer deposits.

Customer deposits jumped 16 per cent to KSh1.7 trillion, while the lender’s gross loan book expanded to KSh1.32 trillion from KSh1.21 trillion a year earlier.

KCB Group Plc Posts KShs. 24.4 Billion in Q1 2026 Pre-tax Profit

The lender also reported improved asset quality, with its non-performing loan (NPL) ratio dropping significantly from 19.3 per cent to 16.6 per cent. The stock of bad loans fell to KSh217.8 billion from KSh233.3 billion, signaling aggressive recovery efforts by the bank amid a difficult credit environment.

KCB Group CEO Paul Russo said the lender’s performance reflected disciplined execution and heavy investment in digital banking despite persistent economic headwinds.

“Despite the challenging operating environment, we delivered solid growth driven by disciplined execution, continued investment in digital innovation, and our unwavering commitment to providing financing which catalyzes economic transformation across the region,” Russo said.

“We continued to optimize our regional footprint and scale to best serve our customers and create sustainable shareholder value.”

However, Russo warned that the ongoing conflict in the Middle East continued to pose risks to regional economies.

“While economic activity in East Africa remained resilient, we continued to see the impact of the Middle East conflict on economies, with a likely ripple effect of depressed credit demand, increased credit risk and lower remittance receipts, and on deposits,” he added.

KCB’s non-funded income — which includes fees, commissions and forex trading — grew by 8.3 per cent to KSh17 billion, boosted by increased digital loan uptake and foreign exchange transactions.

At the same time, operating costs rose 7.3 per cent to KSh24.3 billion due to higher staff costs, technology investments and expansion expenses.

The lender maintained strong capital buffers, with its core capital ratio standing at 18.2 per cent against the regulatory minimum of 10.5 per cent. Its liquidity ratio closed at 51.1 per cent.

KCB said subsidiaries outside Kenya continued playing a bigger role in earnings, contributing nearly 30 per cent of the Group’s profit before tax. Non-banking subsidiaries including KCB Bancassurance, KCB Investment Bank and KCB Asset Management also remained profitable.

Group Chairman Joseph Kinyua said the lender remained confident about navigating future economic shocks despite global uncertainty.

“The Group’s strong start to the year is a clear affirmation of the effectiveness of our long-term strategy, the resilience of our regional businesses, and the discipline with which we continue to execute our priorities,” Kinyua said.

“The Middle East conflict presents a significant counterforce to global growth through its impact on commodity markets, inflation expectations and financial conditions.”

Beyond banking, KCB continued expanding its footprint through high-profile partnerships and sponsorships during the quarter.

The bank partnered with UNHCR to support refugee financial inclusion programmes, secured KSh12.5 billion in green financing for MSMEs and farmers, and injected KSh227 million into the 2026 WRC Safari Rally sponsorship.

KCB also rolled out cheaper Pesalink charges, introducing a flat KSh20 fee while making transfers below KSh1,000 free as competition for digital payments intensifies among Kenyan banks and fintech firms.

The lender’s latest financial results show operating income rose by 15 per cent to Ksh20 billion, while profit before tax climbed to Ksh7.4 billion.

However, beneath the strong earnings growth was a sharp rise in provisions for bad loans, with impairment charges surging by 56 per cent to Ksh2.5 billion, signaling growing caution within the banking sector over the state of the economy and borrowers’ ability to repay loans.

NCBA Group Managing Director John Gachora said the bank’s performance reflected the early gains of its new business strategy focused on strengthening its core operations, scaling fast-growing business segments and expanding into new markets.

“As we present our financial results for the first quarter of 2026, I am pleased to report that the Group has delivered a strong start to our new strategy anchored on four pillars: Fortifying the Core, Scaling High-Growth Segments, Unlocking New Growth Frontiers and Powered by a Future Ready Ubuntu purpose-driven culture,” Gachora stated.

“The Group delivered strong topline momentum, with operating income increasing by 15 per cent year-on-year, reflecting sustained business growth, improved revenue diversification and continued resilience across core operating segments,” he added.

NCBA Group Managing Director, John Gachora during the NCBA FY 2025 results announcement.

Gachora attributed the spike in impairment charges to what he described as “a prudent approach to credit risk assessment given the heightened volatile operating environment.”

The bank’s balance sheet also expanded significantly during the quarter, with customer deposits increasing by 10 per cent to Ksh544 billion while total assets rose to Ksh741 billion.

NCBA Bank Kenya remained the group’s biggest profit driver after posting a 20 per cent jump in profit before tax to Ksh6.5 billion.

Its regional subsidiaries in Uganda, Tanzania and Rwanda generated a combined Ksh707 million in profit before tax, while non-banking units including NCBA Investment Bank, Insurance, Leasing and Bancassurance posted a combined Ksh641 million.

The lender also reported rapid growth in wealth management, with assets under management at NCBA Investment Bank crossing Ksh101.5 billion while its customer base surpassed 60,000.

Digital banking continued to dominate the group’s operations, with NCBA revealing that 98 per cent of all transactions are now conducted through digital channels.

The bank disbursed Ksh391 billion in digital loans during the quarter, representing a 27 per cent increase compared to the same period last year.

NCBA’s vehicle marketplace platform CarDuka also continued its aggressive expansion, onboarding nearly seven million users as the lender tightened its grip on the asset financing market where it currently commands a 32 per cent market share.

The bank additionally launched NCBA BOOSTA, a digital SME lending product offering up to Ksh35 million in financing, in a move aimed at expanding lending to small businesses.

“Our capital position remained robust, with a total capital adequacy ratio of 21.8 per cent, well above the regulatory minimum of 14.5 per cent,” Gachora said.

“The return on average equity remained stable at 18.4 per cent, reflecting our continued long-term commitment to delivering value to our shareholders.”

Beyond banking, NCBA said it impacted more than 200,000 livelihoods through community programmes during the quarter, including scholarship initiatives, tree planting drives and youth empowerment projects.

The lender also deepened its push into green financing after helping arrange the Ksh3 billion Kenya Mortgage Refinance Company green bond and participating in the Ksh4.8 billion Two Rivers International Finance and Innovation Centre Green REIT transaction.

Looking ahead, Gachora said the bank’s proposed transaction with Nedbank Group was progressing as planned.

“The proposed transaction with Nedbank Group Limited continues to progress in line with plan, with key deal milestones currently on track and proceeding as anticipated,” he said.

He added that NCBA had not yet experienced any significant disruption from the ongoing geopolitical tensions in the Middle East, though the bank was closely monitoring the situation for potential impacts on inflation, liquidity and broader market conditions.

The Group’s balance sheet expanded 16% to KSh2.04 trillion, supported by 13% growth in customer deposits and 9% growth in net loans, signaling sustained customer confidence and broad-based economic activity across its markets. This growth was driven by a strong and growing customer base of 22.7 million customers, supported by an extensive distribution infrastructure comprising 86,910 Agency Outlets and 1.4 million merchants, reinforcing the Group’s position as a leading integrated financial services provider in the region.

A Deliberate Journey of Transformation

Equity’s Q1 performance reflects a multi‑year transformation agenda anchored in resilience, diversification, and technology. The Group has restructured its operating model, strengthened its regional footprint, and invested heavily in digital and AI‑enabled capabilities to build a future‑ready institution.

Operational efficiency continued to improve, with the cost‑to‑income ratio declining to 50.6% from 54.2% - a direct outcome of productivity gains, shared services, and customer‑led migration to digital channels.

Return on assets and equity remained strong, with ROA at 3.9% and ROE at 22.6% signaling strong asset productivity and disciplined capital deployment.

Commenting on the results, Dr. James Mwangi, Group Managing Director and CEO, said: “Our Q1 performance reflects the success of our deliberate transformation into a diversified, regional, technology‑led financial services Group. We are building a future‑ready institution; scalable, secure, and impact‑led, anchored in digital capabilities, staff upskilling, and a culture of disciplined execution.”

He added:

“As we progress toward our 2030 ambitions, we are evolving beyond traditional banking into a Transformation Finance Institution that mobilizes capital, connects ecosystems, and accelerates inclusive, sustainable prosperity across Africa.” Equity’s technology‑led transformation is now firmly embedded across the Group. Customer behavior continues to shift decisively toward digital channels, with 98.3% of all transactions occurring outside branches and 89.5% processed through digital platforms, demonstrating that customers are actively choosing the convenience and reliability of Equity’s digital ecosystem.

The Group’s technology organization, strengthened through the buildout of the Technology Group in the fourth quarter, continues to modernize core systems, payments infrastructure, and risk analytics. This transformation is reinforced by large-scale staff upskilling, with employees embracing AI and digital training at impressive scale, positioning the workforce to lead the next phase of innovation. This includes 80% of Group staff completing a business-focused generative AI course, with over 20,000 hours of instruction achieved. Upskilling efforts with iamtheCODE reflect over 5,000 active users with over 3,500 hours of learning recorded. These foundational investments are enabling faster service delivery, improved risk management, and scalable growth across all markets.

Tighter risk controls and diversification – fueled growth

The Group continued to strengthen asset quality and risk buffers. NPL coverage improved to 72%, up from 67%, while loan loss provisions declined by 18% as the quality of the loan book improved. The loan book also recorded a significant improvement in risk indicators, with a year‑on‑year improvement in non-performing loans (NPLs) from 14% to 10%, reflecting disciplined collection underwriting, enhanced analytics, and the benefits of a diversified portfolio. These improvements underscore the Group’s commitment to resilience and long-term sustainability.

Regional subsidiaries continued to deliver strong and accelerating growth, and now account for 50% of Group banking profitability and 52% of Group banking total assets – a milestone in Equity’s journey to become a continental champion. Equity Bank Kenya delivered a 21% year-on-year increase in Profit After Tax to KSh10.3 billion (Q1 2025: KSh8.5 billion) and sustained its MSME banking leadership, disbursing 36.2% of the Kshs 101 billion MSME loans in Kenya between January and March 2026 reflecting transformation while retaining strong focus on core SME business

EquityBCDC in the Democratic Republic of Congo, profit after tax rose by 32% to KSh5.0 billion. Equity Rwanda delivered a 36% increase to KSh1.5 billion, while Equity Tanzania recorded exceptional performance with 150% growth to KSh1.04 billion.

Across assets, revenue, loan book, and profit before tax, the regional banking businesses are now a major contributor with 52%, 51%,54%, 50% respectively, demonstrating the strength and maturity of the Group’s pan‑African strategy.

Equity Insurance Group continued its strong momentum, with gross written premiums rising 30% to KSh4.5 billion and profit before tax increasing 53% to KSh0.64 billion. The health insurance business wrote KSh1.2 billion, while the life and general insurance businesses continued to scale rapidly writing KShs 2.7 Billion and KShs 0.6 Billion respectively. Insurance is emerging as a significant third engine of growth, complementing the Group’s banking and payments businesses.

Equity Group Foundation: Impact at Scale

The Equity Group Foundation (EGF) continued to deliver transformative social impact across Africa through Equity Group’s integrated model of economic empowerment, social impact and sustainability. Across its Education and Leadership Development pillar, EGF now supports over 12,844 active scholars and expanded global university opportunities with 91 new international admissions valued at over USD 18.6 million. To date, EGF under the Wings to Fly scholarship program and the Elimu Scholarship Program has benefitted 60,009 scholars. The Equity Leaders Program has also surpassed 10,515 cumulative paid internships, strengthening Africa’s future leadership and workforce pipeline.

Under Enterprise Development and Financial Inclusion, EGF trained over one million entrepreneurs and facilitated more than KSh416 billion in credit access to MSMEs, accelerating entrepreneurship, financial inclusion and job creation across the region.

In Food and Agriculture, the Foundation continued to deepen agricultural commercialisation and climate resilience, including through the USD 25 million SASTAIN programme in partnership with Mastercard Foundation targeting 60,000 smallholder farmers and agri-MSMEs in Tanzania and DRC.

Through its Energy, Environment and Climate Action pillar, EGF advanced sustainability efforts by planting over 45.5 million trees and scaling clean energy, water and sanitation solutions to strengthen environmental resilience and green growth across communities.

Equity Afya continued to expand access to affordable and quality healthcare through a growing network of 154 medical centres that have now served over 4.9 million patient visits.

EGF’s Innovation and Technology Pillar also scaled rapidly to train 600,000 youth in AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei ICT Academy and WorldQuant University. Under the Huawei ICT Academy programme, 7,344 staff completed the GenAI course and have been invited to undertake two additional prescribed Huawei certification courses. Through WorldQuant University, 641 staff have been admitted to the MSc in Financial Engineering programme. Equity was also invited to participate in a new pilot programme for an Applied AI Certificate that will inform the rollout of a future Master’s programme in Applied AI. Meanwhile, 5,206 users are now enrolled at the iamtheCODE Digital Academy, with 3,587 hours of instruction completed to date. These achievements continue to position Equity Group as a future-ready institution driving inclusive prosperity, sustainable development and long-term resilience across Africa through innovation, human capital development and transformative partnerships.

Preparing for the Future

With ROA and efficiency at peak levels, the Group is preparing for the next phase of growth under its 2030 strategy, anchored on the Africa Recovery and Resilience Plan (ARRP). The strategy aims to expand operations to 15 countries, serve 100 million customers, deploy next generation digital and AIenabled systems, for transformation finance across Africa. The Group remains well capitalised with sufficient headroom to support its growth ambitions

The Ksh296.5 billion (US$2.3 billion) acquisition will effectively end Diageo plc’s direct control of EABL, marking one of the biggest corporate transactions in East Africa’s alcoholic beverages sector in recent years.

In a statement released through its legal and financial advisers — A & O Shearman, ENS, Nomura, and Absa — Asahi confirmed that regulators in the three countries had granted exemptions under their respective takeover laws.

“Asahi hereby announces that each of the CMA, the CMSA, and the CMA-U has granted an exemption from the requirement to make a mandatory take-over offer for EABL in Kenya, Tanzania, and Uganda (as applicable) under the Kenya Take-over Regulations, the Tanzania Take-over Regulations, and the Uganda Take-over Regulations, respectively,” the company stated.

Atsushi Katsuki, President & Group CEO of Asahi Group Holdings, meeting EABL staff alongside EABL Group CEO & MD Jane Karuku shortly after the announcement that Asahi Group has acquired Diageo's 65% shareholding in EABL. /X.MWANGO CAPITAL

The approvals mean Asahi can proceed with the acquisition without being compelled to purchase shares held by minority investors, allowing EABL to remain listed on the Nairobi Securities Exchange (NSE) and cross-listed regional bourses.

Under normal takeover regulations, an investor acquiring such a significant stake in a listed company is often required to extend a buyout offer to public shareholders. However, regulators approved the exemptions after determining that the deal constitutes an indirect transfer of ownership because Asahi is acquiring Diageo Kenya Limited, which already controls 65 per cent of EABL.

Because EABL is also cross-listed on the Dar es Salaam Stock Exchange and the Uganda Securities Exchange, the Japanese company was required to secure approvals in all three jurisdictions before moving ahead with the transaction.

The regulatory approvals follow a recent High Court ruling in Kenya where Justice Bahati Mwamuye dismissed a petition filed by logistics company Bia Tosha seeking to suspend the acquisition over distribution disputes.

The transaction involves the acquisition of Diageo’s entire 65 per cent stake in EABL together with its 53.7 per cent shareholding in UDV Kenya Limited, the brewer’s spirits business.

Diageo’s exit from direct ownership in EABL forms part of a wider restructuring strategy by the British drinks multinational aimed at reducing debt exposure and streamlining operations in emerging markets.

Despite relinquishing ownership, Diageo will maintain a strong commercial presence in East Africa through long-term licensing agreements that will allow EABL to continue manufacturing and distributing major international brands such as Guinness, Johnnie Walker, and Smirnoff Ice.

Asahi had earlier indicated that it intends to retain EABL’s identity and maintain the brewer’s stock market listing even after the ownership transition. 

However, the transaction has sparked concerns among minority shareholders, who collectively hold about 35 per cent of EABL shares across the Nairobi, Kampala, and Dar es Salaam exchanges. Investor rights groups had opposed the exemption from a mandatory takeover offer, arguing that public shareholders were denied an opportunity to exit at a premium price.

Analysts have also cautioned that the transition to Japanese ownership could eventually affect EABL’s long-standing dividend policies as Asahi restructures operations and capital expenditure priorities.

Attention will now shift to regional competition regulators, including the Competition Authority of Kenya, Tanzania’s Fair Competition Commission, and Uganda’s Ministry of Trade, Industry and Cooperatives, which are expected to assess whether the acquisition could affect market competition and consumer welfare.

Industry analysts view Asahi’s entry into East Africa as a long-term bet on Africa’s youthful and rapidly growing consumer market at a time when alcohol consumption is stagnating in Japan and Western Europe.

The company, which owns brands including Peroni Nastro Azzurro and Pilsner Urquell, is expected to introduce operational efficiencies and advanced manufacturing systems that could significantly reshape EABL’s supply chain and regional market strategy.

A photo of EABL head office at Garden City Business Park, Nairobi. /THE KENYA TIMES

Under the initiative, mobile money transfers of Ksh100 and below and merchant payments of Ksh200 and below are zero-rated. In the 2025/2026 financial year, whose results were announced on May 7, the initiative facilitated 17.1 billion free transactions, accounting for 58% of all M-PESA activity.

For millions of Kenyans, particularly low-income earners and small businesses, M-PESA Kadogo continues to break down financial barriers by enabling free small-value transactions, expanding access to digital financial services, and strengthening participation in the formal digital economy.

The free transactions include person-to-person (P2P) transfers of between Ksh 1 and Ksh 100, Lipa na M-PESA payments below Ksh 200, cash deposits at M-PESA agent outlets, and airtime purchases through M-PESA.

The decision to remove the charges was made in the wake of COVID-19, during which charges on bank-to-M-Pesa and transfers below Ksh1,000 had been removed.

Photo of an MPESA shop. /CIO AFRICA

For the company, the effect of the removal of charges was a tripling in the number of transactions between 2020 and 2026.

Safaricom’s M-PESA platform processed 46.4 billion transactions worth Ksh 41.7 trillion during the last financial year, reinforcing its position as the backbone of Kenya’s digital economy while accelerating financial inclusion for millions across the country.

“With M-PESA Kadogo, our purpose is to make digital payments affordable for small-scale daily purchases and deepen financial inclusion. The removal of transaction fees has reduced friction and accelerated the usage of M-PESA across the country,” said Peter Ndegwa, CEO, Safaricom

The mobile financial services platform recorded a 13.4% growth in revenue to Ksh 182.7 billion, driven by strong double-digit growth across consumer payments, business payments, and global payments.

Consumer payments remained the largest contributor to M-PESA revenue at Ksh 74.5 billion, followed by business payments at Ksh 56.7 billion, highlighting the platform’s evolution from a money transfer service into a broad digital payments and financial ecosystem.

One of the key highlights in the consumer business is the remarkable growth of Pochi la Biashara, which has expanded significantly over the past year. Since its launch in 2021, the product has continued to gain strong traction over the last two financial years. The customer base grew from 600,000 users in the 2024 financial year to 1.1 million the following year, before doubling to 2.2 million in the last financial year.

Revenue growth has been equally impressive, rising from Ksh 800 million in 2024 to Ksh 2.2 billion the following year, and reaching Ksh 4 billion in the last financial year.

Pochi la Biashara customers can also invest overnight balances in Ziidi MMF, enabling their money to grow.

The sustained growth of M-PESA reflects the increasing adoption of digital financial services and Safaricom’s continued commitment to advancing financial inclusion, digital access, and economic empowerment across Kenya.

The launch of Shell Dennis Pritt service station, along Dennis Pritt Road in Nairobi’s Kilimani estate, is a showcase of future service stations by the firm, which will be optimised to serve as retail hubs or motorist destination convenience centres, which customers use regularly to meet their needs.

Speaking at the launch event at the fully fledged service station, Vivo Energy Group CEO Stan Mittelman said the company, through its local subsidiary, continues to invest heavily in developing modern sites that provide its customers with access to high-quality products, services, and greater convenience. 

“By providing quality services tailored to the needs of customers on-site, the multi-purpose forecourt is increasingly becoming a retail hub or a ‘one-stop-shop’, which customers use regularly to meet their everyday needs,” he said.

Flanked by Vivo Energy Kenya Managing Director Peter Murungi, the visiting Group CEO said that, as part of the firm’s retail development strategy, the new Shell Dennis Pritt service station’s offerings include high-quality fuels, lubricants and LPG (brand Afrigas), as well as an ArtCaffe Market convenience retail shop and a quick service restaurant.

Vivo Energy Kenya Launches Its Shell Model Motorists’ Destination Service Station

The new service station also features a modern lubricant bay for oil change, a car wash, and a pharmacy, among other amenities.

“In Kenya, we are actively delivering our Africa-wide retail development strategy, which is geared at securing our market leadership and enhancing our customer experience,” Mittelman said.

He added, “We continue to expand our retail network to meet growing demand across the continent. Additionally, we look to improve the customer experience at our sites, building on the successful launch of loyalty programmes in key markets, undertaking new fuel launches and providing the best and safest experience for our customers.”

Murungi further revealed that the firm had recently moved to enhance its service delivery capacity, with increased demand for quality fuel products complemented by premium non-fuel services and products.

“Thanks to the support of loyal customers, Shell service stations continue to register growing demand for our flagship products, including Shell FuelSave Unleaded, Shell FuelSave Diesel and Shell V-Power Unleaded,” Murungi said.

He added, “At all our more than 340 Shell service stations in Kenya, we aim to make sure that our customers’ experience goes beyond just fuelling. That’s why at many Shell stations customers can fuel up, shop, dine, buy or refill their Afrigas cylinder, as well as access a range of car services like car wash or service at the service bay.

Vivo Energy Kenya was established in November 2012 following the acquisition of Shell’s downstream business in Kenya from Kenya Shell Ltd.

The firm is currently ranked as the leading national oil marketing company (OMC) with a 20.0% market share according to the sector regulator and serves all market segments from retail to commercial customers with a full range of automotive fuels, lubricants, aviation fuels, liquefied petroleum gas (LPG), and black fuels.

Structured as an eleven-month immersive experience, the Program allows participants to rotate across key business units, including Retail Banking, Corporate & Investment Banking (CIB), Investment Banking, Human Resources & Culture, Finance, and Regional Business. Each of them is paired with a dedicated coach and mentor with opportunities to solve real business problems.

The launch comes at a critical time for Kenya’s labour market, where youth unemployment and underemployment remain a pressing challenge. According to the Kenya National Bureau of Statistics (KNBS), young graduates continue to face significant barriers to formal employment, with many requiring months, if not years, to transition into stable careers. 

In this context, structured internship programmes such as the Go Getter Internship are increasingly becoming essential bridges between education and employment, equipping graduates with practical skills, workplace exposure, and professional networks that significantly improve their employability.

Since its inception in 2023, the Program has onboarded 200 graduates, with 50% transitioning into permanent and contract roles within the Group. This strong conversion rate reflects NCBA’s deliberate approach to talent development as a long-term investment in the workforce of the future.

A photo of Monica Kihia - Group Director - HR & Culture, NCBA Group

By providing hands-on experience in a dynamic corporate environment, the Program enables young professionals to better prepare for the realities of the employment world while sharpening their competitive edge.

“In a market where young professionals are often asked to gain experience before they are given a chance, NCBA is taking a different approach, one rooted in belief. Through the Go Getter Program, we are empowering ambition by trusting young talent early, providing real-world exposure beyond the classroom, and opening clear pathways into meaningful careers.

"We believe in our Go Getters first, and we are proud to help them turn potential into impact,” said Monicah Kihia, Group Director of Human Resources and Culture at NCBA Group.

NCBA’s recent certification as a Top Employer 2026 by the Top Employers Institute, an independent global authority on workplace excellence, reinforces the Group’s commitment to building a high-performance culture and people-centric practices.

The 2026 cohort is anchored within NCBA’s Ubuntu 2026 - 2030 Strategy, a five-year transformation framework that places people, purpose, and shared growth at the center of the Group’s operations. Rooted in the philosophy of “I am because we are,” Ubuntu guides NCBA’s commitment to nurturing talent, fostering inclusive growth, and building sustainable impact across the communities it serves.

The Program also forms part of the broader NCBA Change The Story sustainability agenda, which focuses on rewriting the narrative around youth employment by investing in mentorship, skills development, and access to opportunity. Through this initiative, NCBA continues to play a proactive role in shaping a more inclusive and resilient workforce of the future.

Under the renewed MOU, customers can access vehicle financing of up to 100% for personal vehicles and 90% for commercial vehicles, with zero processing fees and flexible tenures of up to 96 months for salaried customers – an industry-leading provision and 72 months for business clients for all models within the CFAO Mobility’s portfolio.

“At CFAO Mobility, we believe car ownership starts with access. Every day, we meet customers who are ready to own a vehicle but face financial constraints.

"That is why today’s partnership is so significant because it is the bridge that helps customers turn their aspirations into ownership,” said Daniel Maundu, General Manager, Toyota National Sales.

From left, Kimani Njagi, Head of Vehicle and Asset Financing at Stanbic Bank Kenya, Alice Mwaniki, Head of Personal Banking at Stanbic Bank Kenya, Daniel Maundu, General Manager, National Sales at CFAO Mobility Kenya, and Josephat Muia, Branch Head, Uhuru Highway at CFAO Mobility Kenya, during the signing of an MOU at the Beauty Behind the Bonnet event held at the CFAO showroom.

The renewed partnership deepens collaboration between the two organisations, combining CFAO Mobility’s automotive expertise with Stanbic Bank’s financial solutions, breaking the financial barriers and supporting customers throughout their vehicle-ownership journey from purchase to maintenance, servicing, and future upgrades.

“This MOU reflects a shared vision to deliver practical, customer-centric mobility and financing solutions that empower individuals and businesses to grow and thrive. Through this partnership, we are combining CFAO’s leadership in mobility solutions with Stanbic’s expertise in asset finance to provide seamless vehicle financing,” said Kimani Njagi, Head of Vehicle and Asset Financing at Stanbic Bank Kenya

The announcement was made during the 2026 Beauty Meets the Bonnet event, an exclusive women-only automotive platform designed to empower women to approach car ownership with clarity, confidence, and control.

The event opened multiple opportunities for customers to explore, learn, and access practical support for car ownership. Guests took test drives across a wide range of CFAO Mobility models and visited interactive learning stations for hands-on guidance in basic maintenance, including how to spot genuine versus counterfeit parts and how to change a tyre.

With more than 800 registered members, Beauty Meets the Bonnet places a strong focus on financial empowerment, practical car knowledge, after-sales support, and clear vehicle-upgrade pathways, positioning Toyota by CFAO Mobility not only as a vehicle provider, but as a trusted partner throughout the mobility journey.

This initiative aligns with this year’s Mother's Day theme: "The Great Unburdening," which emphasizes the importance of actively supporting mothers to ease their daily responsibilities and reduce emotional and social pressures. 

Speaking on the initiative, Vivo Energy Kenya Managing Director Peter Murungi noted that this year's Mother's Day theme strongly aligns with the Vivo Energy Kenya core value of caring: Demonstrating care, empathy, and compassion, always treating their employees, customers, communities, and the environment with respect and thoughtfulness.

“Motherhood is one of life’s most important journeys, and this Mother’s Day, we wanted to celebrate mothers in a meaningful and impactful way. Through Kameivana Na Shell Club, we are proud to stand with families at Pumwani Maternity Hospital by easing some of the financial burden and sharing in their joy”, said Mr. Murungi. 

Shell Club is a loyalty programme that goes beyond rewarding customers with points for purchase. It advances a social impact agenda by running initiatives that promote the well-being and dignity of the community.

The Club is committed to making a meaningful contribution across the country, and it will continue investing in health and seeking opportunities to drive social and economic progress.

The company’s Group net income for the financial year ended March 31, 2026 rose to Ksh100 billion, driven by growth in mobile data, M-PESA and customer expansion across its markets.

Shareholders are set to receive a total dividend of Ksh2 per share, comprising an interim dividend of 85 cents and a proposed final dividend of Ksh1.15 per share, representing a 66.7% jump from the previous year’s payout.

The results cement Safaricom’s position as East Africa’s most profitable company, with Kenya continuing to anchor growth even as Ethiopia begins showing signs of narrowing losses after years of heavy investment.

“We have shown strong execution in the first year of our five-year strategy, signalling a great setup for delivering our vision. We delivered strong performance, with acceleration in the second half, surpassing Group guidance with outstanding Kenya performance offsetting the impact of currency reforms and the timing of market repair actions in Ethiopia,” said Peter Ndegwa.

Safaricom Kenya’s service revenue climbed 10% to Ksh400.8 billion during the period, while Earnings Before Interest and Tax (EBIT) increased by 15.3% to Ksh182.3 billion.

The company said it now serves 71.6 million customers across Kenya and Ethiopia, underlining continued demand for mobile connectivity, digital payments and financial services.

Safaricom Ethiopia emerged as one of the fastest-growing parts of the business, contributing 12.5% to Group service revenue growth. Subscriber numbers in the country rose to 13.6 million customers, supported by network expansion to 3,504 sites covering 60% of the population.

Board Chairman Adil Khawaja said the results demonstrate the company’s ability to balance aggressive expansion with profitability.

“These results reflect a business that continues to demonstrate resilience and momentum. We have sustained strong growth in service revenue, driven by double digit growth in Kenya and accelerated growth in Ethiopia, while maintaining profitability despite continued investment in Ethiopia,” he said.

“At the same time, we are beginning to see the benefits of scale in Ethiopia, with improving commercial momentum and narrowing start up costs. This balance, growth, investment, and discipline, is exactly what the Board expects at this stage of our journey.”

M-PESA remained the company’s biggest growth engine, with revenues increasing by 13.4% to Ksh182.7 billion as active customers hit 41 million. Mobile data revenue also recorded sharp growth, rising 18.3% to Ksh92.9 billion amid increased smartphone adoption and internet usage.

Safaricom’s Group service revenue grew 11.5% to Ksh414.1 billion during the financial year.

Group Chief Finance Officer Dilip Pal said Ethiopia’s improving performance significantly boosted overall Group results.

“We continue to invest in our network and IT systems to support capacity upgrades and user experience. Ethiopia's performance shows reduced losses relative to the previous period, greatly boosting Group performance. We now move into the second year of our Vision 2030 strategy with a commitment to carry on our execution momentum,” he said.

Beyond business performance, Safaricom said its Safaricom and M-PESA Foundations reached more than 4.4 million people in Kenya and Ethiopia through programmes focused on education, healthcare and economic empowerment.

The comprehensive survey, which gathered insights from over 40,000 respondents, makes it clear that while digital adoption is nearly universal, the competitive edge has moved from simply having digital channels to executing them with flawless reliability and responsiveness.

Key Trends Shaping the Sector

The KBA report provides a clear snapshot of the modern Kenyan banking customer: they are digital-native, time-sensitive, and increasingly expect sophisticated, seamless service. Key findings include:

• Mobile Banking is Non-Negotiable: A commanding 60.1% of customers now rank mobile banking as their most preferred channel, cementing its role as the primary gateway to financial services.
• AI is Delivering Real Value: No longer a futuristic concept, Artificial Intelligence is actively improving the customer journey. 76.8% of respondents stated that AI-driven tools, like fraud alerts and personalized support, have enhanced their banking satisfaction.
• The Need for Speed: When problems arise, patience is thin. The survey found that 66.5% of customers expect their complaints to be resolved within two days, making efficient service recovery a critical measure of a bank's performance.
• Inclusion as a Standard: Accessibility is gaining prominence, with 93.7% of customers with disabilities reporting they can bank independently. This indicates a growing expectation for services designed inclusively from the ground up.

Equity Bank’s Crowned CX Winners

In a crowded and competitive field, Equity Bank emerged as the overall winner and the top performer among Tier 1 banks. NCBA were runners up, while KCB Bank came in position 3 for both categories.

The 2025 KBA survey serves as a crucial benchmark for the financial sector. It signals that the era of competing on digital features alone is over. The new battleground is digital trust, built on a foundation of reliability, speed, and inclusivity.

The pair were officially awarded Ksh 1 million each during a celebratory handover ceremony held at the EABL offices, marking yet another life-changing moment in one of the most talked-about consumer promotions.

Since its launch last year, Chromoka has captured the attention of consumers across the country, rewarding loyalty with cash prizes, electronics, merchandise, and unforgettable experiences. The final winners’ award ceremony was a fitting celebration of a campaign that has brought joy and transformed lives nationwide.

Speaking during the handover, Zipporah Ndung’u, Senior Brand Manager, Chrome, reflected on the campaign’s success and overwhelming consumer response.

Stephene Kiarie receives a mobile phone from George Karume, Shopper Manager as part of the Chromoka winners.

“The excitement around Chromoka has been truly remarkable from the very beginning. We have seen incredible uptake from consumers across the country, with thousands of entries received throughout the campaign. Most importantly, we have witnessed real lives being changed through these wins," Ndung'u remarked.

"Seeing consumers like Samuel and Jackline walk away with Ksh 1 million each is a proud reminder of the positive impact this campaign has created. We thank our consumers for their enthusiastic participation and continued support.”

The Chromoka promotion has become synonymous with rewarding consumers in meaningful ways, creating widespread excitement in homes, outlets, and communities across Kenya.

As we conclude the Chromoka National Consumer Promotion, Chrome extends its sincere appreciation to all consumers across the country who participated in the promotion and made it a nationwide success. Your enthusiasm, loyalty, and continued support have been at the heart of this exciting journey.

The delivery, consisting of one BYD Shark 6 (DMO Plug-in Hybrid Pickup) and four BYD Sealion 6 (DM-i Plug-in Hybrid SUVs), marks the first significant corporate fleet deployment of these specific models in the Kenyan market, signifying a key appetite for hybrid models within fleet operations.  

BYD by CFAO Mobility Kenya, GM Nicolas Ruffier des Aimes, lauded the ongoing corporate efforts by local motor dealers to introduce Electric Vehicles and Plug-in Hybrid Electric Vehicles (PHEV) in the local market. 

“As the pioneer in New Energy Vehicles (NEVs), BYD is thrilled to see this partnership come to fruition. We are proud to see leading institutions like SBM Bank and Avenue Lease & Rentals E.A embrace the future of the automotive industry,” said Nicolas Ruffier des Aimes during the handover ceremony. 

From left: SBM Bank Kenya CEO Bhartesh Shah and BYD by CFAO Mobility Kenya General Manager Nicolas Ruffier des Aimes during the official handover of BYD fleet  comprising one BYD Shark 6 and four BYD Sealion 6 SUVs to SBM Bank which will be leased through Avenue Lease & Rentals E.A, setting a new benchmark for corporate sustainability in the financial sector

“By introducing the cutting-edge to the Kenyan market, you welcome a cleaner and safer environment in our streets and highways. We look forward to more opportunities to make sustainability a daily endeavor of our partners.” 

The BYD Sealion 6 Premium and BYD Atto 3 Extended use advanced EV technology offering strong driving range, energy efficiency, and modern safety and comfort features to provide a smooth, eco-friendly driving experience while keeping running and maintenance costs low. 

“We are excited to take this significant step towards achieving our sustainability goals. Our commitment to reducing direct emissions is a dedication to creating positive environmental change,” said Bhartesh Shah, CEO of SBM Bank Kenya. “The introduction of BYD’s advanced hybrid technology allows us to modernise our logistics while significantly cutting down our CO2 emissions.  

The transition to e-mobility is a core pillar of Kenya’s national climate action plan, which targets a 32% reduction in carbon emissions by 2030. BYD vehicles are rapidly becoming the preferred choice for Kenyan consumers who demand innovative, reliable, and sustainable mobility solutions. By integrating BYD’s advanced PHEV technology into its operations, SBM Bank Kenya is setting a new standard for the financial sector’s role in environmental stewardship. 

Commenting on the partnership and fleet delivery, the Chief Operating Officer of Avenue  Lease & Rentals E.A, the leasing company, highlighted; 

“Our decision to actively enter the electric vehicle leasing market through our partnership with CFAO Mobility reflects both our commitment to environmental stewardship and the evolving needs of our clients. Leasing EVs allows organizations to transition to clean transportation solutions without the heavy upfront capital requirements traditionally associated with fleet replacement.” 

The COO noted that leasing PHEVs provides immediate environmental benefits for fleet users while accelerating the broader transition to e‑mobility. 

“Leasing plug‑in hybrid vehicles allows organizations like SBM Bank Kenya to lower emissions today, while gradually transitioning toward full electric mobility. Reduced fuel consumption, lower CO2 output, and improved operational efficiency are critical outcomes of this model.” 

Looking ahead, the COO emphasized that the move lays the foundation for future  EV-focused transactions and long-term partnerships. 

“This collaboration sets the stage for future EV fleet transactions, expanded adoption of electric and hybrid vehicles, and the development of supporting services such as charging solutions, fleet management, and lifecycle optimisation. Our goal is to build a sustainable leasing ecosystem that supports Kenya’s green mobility ambitions while delivering measurable value to our partners.”

SBM Bank & Avenue Lease & Rentals E.A. Lead Kenya’s Green Mobility Drive with First Fleet of BYD by CFAO Mobility Plug-in Hybrids

The initiative targets individuals earning between Ksh 200,000 and Ksh 800,000 monthly, a segment that has expanded steadily in urban centres but continues to show low uptake of structured investment, insurance, and long-term wealth management products.

The rollout comes against a backdrop of rising incomes that have not translated into equivalent financial planning behaviour.

Data from the Central Bank of Kenya (CBK) and the Kenya National Bureau of Statistics (KNBS) Economic Survey 2024 indicates sustained growth in middle- to upper-income earners, particularly in urban areas. However, this has not been matched by increased participation in formal wealth-building instruments.

According to the CBK Bank Supervision Report 2024, credit uptake—especially mortgages and asset finance—has increased. Despite this, mortgage penetration remains below 3 per cent of GDP, pointing to a persistent financing gap in the housing sector.

From left, NCBA Deputy Director Head Of Branches Jane Ng'ang'a and a customer during the Meet, Mingle & Money Talks 2026 launch

At the same time, fewer than 15 per cent of banked customers actively invest in wealth products, highlighting what industry players describe as an advisory gap in the financial services sector.

Retirement savings data also reflects limited penetration beyond formal employment. The Retirement Benefits Authority (RBA), as captured in its sector findings and FinAccess Insights 2025, shows pension assets have grown to over KES 2 trillion. However, participation remains concentrated among formally employed workers, excluding a significant portion of the emerging affluent segment.

NCBA said the 2026 edition builds on the success of its 2025 debut, which it says delivered strong business performance and reinforced a shift towards advisory-led banking.

The series will be rolled out countrywide as part of the bank’s broader strategy to deepen engagement with high-income customers through financial education and integrated wealth solutions.

Speaking during the launch, NCBA Group Director Retail Banking Dennis Njau said the platform is aimed at enabling customers to transition from income generation to long-term wealth creation.

“Through Meet, Mingle & Money Talks, we are not just having conversations. We are empowering our customers with the tools to get there as we believe that true financial progress happens when people are supported to move from earning income to building sustainable, generational wealth,” he said.

The bank said the platform will integrate its Wealth and Investment Banking, Property Finance, Asset Finance, and Bancassurance offerings into a single advisory-led experience.

NCBA added that the series will provide customers with direct access to financial expertise and practical guidance on wealth creation, with a focus on long-term financial planning and investment decision-making.

The lender framed the initiative as part of its wider customer strategy anchored on financial advisory services and relationship banking, as competition intensifies in Kenya’s growing affluent market segment.

The firm on Monday launched the Faida Elimu Insurance Plan, positioning it as a hybrid product that combines education protection with long-term savings, amid concerns that many children risk dropping out due to fee pressures.

Education remains a cornerstone of the country’s development agenda under Vision 2030, but affordability continues to bite. According to Oxfam, about 36 per cent of Kenyans are under 15, with more than 14 million learners in primary and secondary schools. Even so, households are spending up to 14 per cent of their income on fees alone, exposing families to financial shocks.

Jubilee Life argues the new plan is designed to cushion parents against such risks, including sudden loss of income or family emergencies that can interrupt schooling.

(R to L) Dr. Julius Kipngetich, Group CEO, Ann Chelagat, Director, Market Conduct, IRA, Asman Mugambi, CEO Jubilee Life and Juan Cazcarra, Deputy CEO, Jubilee Holdings during the official unveil of Faida Elimu Insurance, a product of Jubilee life Insurance.

“As a company, we are called to think beyond products and intentionally design practical solutions that relieve both the psychological and financial burdens among Kenyan families,” said Asman Mugambi, CEO and Principal Officer at Jubilee Life Insurance Company Limited.

“Every parent wants their child to go further than they ever did, without anything limiting that dream. Predictability and dignity ensure that a child’s education journey continues even when life takes unexpected turns.”

Unlike traditional covers, the Faida Elimu plan operates as an investment-linked policy, requiring consistent savings while offering returns alongside insurance protection. It includes a life cover of up to Ksh1 million and a mandatory last expense benefit of Ksh100,000.

The product also lowers the entry barrier, allowing monthly contributions from Ksh5,000 or a one-off deposit starting at Ksh100,000, targeting parents navigating the rising costs of private and specialised education.

The launch signals increased competition among insurers to tap into Kenya’s education financing gap, as more families seek structured ways to secure their children’s academic future in an increasingly uncertain economy.

The new units are expected to ease passenger pressure and improve operational efficiency on high-demand routes, including Mombasa Road, JKIA, and Utawala, where Crown Premium Limited will deploy the vehicles under the SACCO’s umbrella.

“We know our customers are ambitious, and as they grow their businesses, NCBA promises to be right there to support them in meeting their business and personal needs,” stated James Karinga, Head of NCBA Asset Finance and IPF. 

“We also want to be the partner that banks on the belief of our clients and provides the support to empower their ambitions.”

Under NCBA’s asset financing framework, operators can access up to 90% of a vehicle’s value, with repayment terms stretching up to 60 months and a 30-day grace period — a structure increasingly positioning itself as a key funding model for PSV operators, SACCOs, and transport entrepreneurs looking to scale fleets without heavy upfront capital.

Chairman of City Shuttle SACCO - Michael Kariuki, and James Karinga, NCBA Group Head of Asset Finance during the handover of a new fleet of buses financed by the bank.

Speaking during the launch, City Shuttle SACCO leadership pointed to the long-running relationship with NCBA as a major driver of its expansion, linking the latest acquisition to sustained credit support.

“NCBA has supported me at every stage of my 41-year career journey. Each time I walked in with an ambitious goal, they found a way to make it possible,” said Michael Kariuki.

"City Shuttle SACCOs' bus fleet has grown from 17 to 22 buses with NCBA’s support and their trusted dealer partners; they’ve truly walked this growth journey with us".

NCBA’s Head of Asset Finance, James Karinga, reiterated the lender’s focus on deepening its footprint in the public service vehicle sector through continued partnerships with major operators.

Industry observers note that asset-backed financing models are increasingly gaining traction across East Africa’s transport sector, where operators are turning to structured credit solutions to scale fleets and improve service reliability.

Even as the region grapples with uncertainty, the emirate is projecting a message that has defined its rise as a global hub: resilience is not reactive but engineered through policy coordination, diversified growth, and rapid institutional response.

At the centre of this response is a coordinated intervention involving government institutions, financial regulators, and the private sector. Emirates NBD, one of the region’s largest banking groups, has introduced a Business Support Package targeting small and medium-sized enterprises (SMEs), widely regarded as the backbone of Dubai’s economy.

The package, covering waived loan deferment fees, discounted trade finance costs, and reduced transaction charges, reflects an effort to cushion businesses from liquidity pressures and tightening market sentiment.

The initiative aligns with wider state-led measures, including a KSh37 billion ($272 million) economic stimulus package approved by the Dubai Government and a Financial Institution Resilience Package introduced by the Central Bank of the UAE. Together, these interventions signal a coordinated policy approach aimed at maintaining financial system stability while preventing disruption to business activity.

Built for shock absorption

Dubai’s resilience in periods of regional instability is largely attributed to its long-standing strategy of economic diversification.

Unlike resource-dependent economies, the emirate has developed a multi-sector model anchored in trade, tourism, logistics, aviation, finance, and technology.

This structure has reduced exposure to single-sector shocks while strengthening cross-sector interdependence. Integrated infrastructure, spanning ports, airports, and financial systems, continues to ensure operational continuity even as geopolitical risks rise.

In the tourism sector, Dubai continues to welcome visitors and maintain normal operations across its hospitality and leisure ecosystem despite the evolving regional situation.

Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, said the city’s tourism offering remains broadly accessible, with key experiences, hotels, and attractions continuing to operate.

“Dubai continues to welcome visitors from around the world, with key experiences, hotels, and attractions operating across the city despite the evolving regional situation,” Kazim said in comments published by Khaleej Times. “Public services remain functional and much of the city’s tourism offering, including beaches, shopping destinations, and a wide range of attractions, is available to residents and international visitors, even as authorities closely monitor developments.”

This adaptability has been critical in sustaining demand and preserving investor confidence.

“The system is designed to keep moving, ensuring continuity across key sectors even during periods of uncertainty. “This allows businesses and travelers to maintain confidence in Dubai’s ability to operate seamlessly,” said Mohamed Jassim Al Rais, Honorary Chairman of the Dubai Travel and Tour Agents Business Group, in a recent publication on the Dubai Government website.

Tourism and hospitality, typically sensitive to regional shocks, have relied on flexibility in pricing, booking, and service delivery to maintain competitiveness.

Silent Backbone

Dubai’s role as a global logistics and trade hub remains a key stabilizing factor. Positioned between East and West, the emirate continues to facilitate uninterrupted movement of goods despite regional volatility, particularly in essential and perishable supply chains.

“Even during global uncertainty, Dubai continues to maintain solid growth supported by its open trade environment and modern infrastructure,” said Redha Al Mansouri, Chairman of the Fruit and Vegetable Traders Business Group, in the same recent publication. “This strength ensures the smooth movement of goods and reinforces confidence in its logistics ecosystem.”

Beyond trade, governance remains a central pillar of economic stability. Dubai’s model, defined by rapid decision-making, regulatory agility, and structured public-private engagement, has allowed policy responses to align closely with market conditions.

This framework has strengthened investor confidence by reducing uncertainty around regulation and improving responsiveness to external shocks.

Despite near-term regional pressures, Dubai continues to advance its long-term Economic Agenda D33, focused on expanding global trade links, attracting investment, and deepening economic diversification.

The strategy demonstrates a shift from reactive crisis management to forward-looking economic engineering, where resilience is built into institutional design rather than deployed as a response.

Ultimately, Dubai’s stability proposition rests on three reinforcing pillars: targeted financial intervention, diversified economic structure, and coordinated governance. Together, they continue to anchor confidence at a time when geopolitical uncertainty is testing regional economies.

Following its successful debut in markets including India, Nepal, Vietnam, and South Africa, Charged now expands The Coca-Cola Company’s beverage portfolio in Kenya.

Charged is available in two vibrant flavors: Lemon Burst and Electric Pineapple, delivering a refreshing taste combined with caffeine to ensure an unmatched refreshment experience that helps consumers stay invigorated.

“We are excited to introduce Charged to Kenya, offering consumers the fuel they need to maximize each day,” said Monique Katana, Director of Frontline Marketing, Coca-Cola Kenya.

"This launch highlights The Coca-Cola Company’s dedication to innovation and our mission to provide a diverse range of beverages that meet the evolving tastes and lifestyles of our consumers."

To introduce the new drink, The Coca-Cola Company and its authorized bottler, Coca-Cola Beverages Africa in Kenya, are rolling out a nationwide activation campaign featuring engaging consumer experiences, including music, entertainment, and product sampling, allowing consumers to experience Charged firsthand.

James Bowmaker, General Manager Coca-Cola Beverages Africa in Kenya, noted: “Charged delivers bold new flavours designed to resonate with younger consumers, offering a refreshing way to fuel their day.”

Charged packaging reflects the brand’s bold and dynamic personality, featuring a vibrant thunderbolt design that highlights the drink’s invigorating properties, making it easily recognizable on shelves. Charged is now available across Kenya in 330ml bottles at supermarkets, stores, and other retail outlets.

Consumers can learn more about Charged and follow updates on Coca-Cola’s official digital platforms.

The product enters the market at a time when the cost of burying loved ones continues to surge, with funerals in cities such as Nairobi, Mombasa, and Kisumu now crossing the Ksh300,000 mark. Even in rural areas, families are feeling the squeeze as transport, mortuary fees, coffins, and catering costs climb steadily.

Unlike traditional insurance policies that only issue cash payouts, the new plan integrates funeral services into the package, effectively shifting the burden of planning from grieving families to service providers. Depending on the selected cover, the policy includes mortuary fees, a hearse, transport across the country, a casket, flowers, obituary support, funeral programmes, and chapel services.

The plan has been approved by the Insurance Regulatory Authority and covers both natural and accidental death, targeting households that often rely on harambees and informal welfare groups to raise burial funds.

“The burden of funeral expenses continues to challenge many families in Kenya. With the Heshima Farewell Plan, we aim to ease this burden and encourage people to plan for the unexpected, so families can focus on grieving without financial stress,” stated Britam Connect CEO Evah Kimani.

Data from the Association of Kenya Insurers shows that middle-class families spend between Ksh50,000 and KSh300,000 on funerals, highlighting the widening affordability gap.

Under the new cover, Kenyans can opt for multiple tiers, ranging from Ksh100,000 to Ksh500,000 in benefits, with annual premiums starting as low as Ksh1,000. The policy also allows coverage for spouses, children, students, and even parents and in-laws, widening its appeal across extended family setups common in Kenya.

Montezuma Funeral Home Operations Manager Josh Karuga pointed to the dual emotional and financial toll of death, noting, “We see firsthand the emotional and financial strain families go through when they lose a loved one. This partnership with Britam Connect allows us to support families more holistically, ensuring they can give their loved ones a respectful send-off without the added burden of unexpected costs.”

Despite the growing demand, funeral insurance penetration in Kenya remains low, with most households still depending on community contributions or loans. The new product signals a push by insurers to tap into this gap while offering structured alternatives to informal fundraising.

The rollout also builds on Britam Connect’s expansion in the sector, coming after a similar partnership in Western Kenya. With the latest launch, the firm is betting on bundled funeral solutions as the next frontier in micro-insurance uptake.

Speaking at Kagumo Teachers Training College in Nyeri during the opening ceremony of the 64th Kenya National Drama and Film Festival (KNDFF), the Kenya Institute of Curriculum Development (KICD) CEO Prof. Charles Ong’ondo stated that this year’s students will be used to set the benchmark for the next cohort in the coming years.

“This is the first year we have Grade 10 learners participating in this festival. We are very happy that they are now part of this stage, and some of them are doing well, either in solos or in group items,” he said on Tuesday, April 7th, 2026.

 “Grade 10 learners are specializing in various pathways. Some are participating in theatre and film not just as a co curricular activity, but as a learning area in which they will be assessed, and in which what they do here will form part of their portfolio,” Ong’ondo added.

The guest of honour, Education Director General Dr. Elyas Abdi Jillaow, concurred, stating that through the lens of Competency-Based Education (CBE), the festival cultivates essential 21st-century skills, critical thinking, communication, collaboration, creativity, and problem-solving, indispensable to all learners.

He thus cautioned schools from barring senior school learners from the festival. Dr Elyas, who represented the Education CS Julius Ogamba added that regardless of their academic pathway, including STEM, all students are entitled to participate in co-curricular activities such as drama and film.

“In CBE, if somebody is doing STEM, that does not mean we have banned the student from playing football or volleyball, or from coming and performing on a stage. All students, whatever the pathway, are supposed to take part in co-curricular activities,” Dr. Elyas Abdi Jillaow, OGW, said

KICD CEO Dr. Ong’ondo had also made the clarion call earlier on stating,” For senior school Competency-Based Education learners, you are allowed to participate in co curricular activities, regardless of your pathways. Do not tell learners who are doing STEM that they are not eligible to participate in the Kenya National Drama and Film Festival or even the Music Festival. Drama and film remain co curricular activities. Please let all our learners participate regardless of their pathways.”

More than 120,000 learners from pre primary to university, including special needs institutions and TVETs, are participating in this edition, cementing KNDFF as the largest performing arts festival in Sub Saharan Africa.

This year’s theme is: Digital Stages: Driving Kenya’s Development Through Theatre and Film with a sub-theme Leveraging Technology to Make Banking a Lifestyle - From a place you go to something you do courtesy of Equity Bank; the festival’s main sponsors.

While reacting to the themes, KNDFF Chairperson Professor Christopher Joseph Odhiambo said they serve as a guiding framework, giving schools flexibility to interpret them creatively. Odhiambo thus cautioned scriptwriters against misinterpreting the themes to serve selfish agendas.

“This theme is quite broad, and each of our schools is allowed to ‘cut a slice’ of it and treat it in their own way. The National Drama Festival, the Ministry of Education, and the government do not decide the topic for any school. We give schools and their teachers the privilege to choose the slice they can handle. Our job is not to prescribe; our job is to describe.”

“What we are interested in is a work of art that creates awareness about the social, economic, and development issues facing this country. Ours is edutainment: we privilege education and entertainment as a way of delivering the curriculum and the national values of this country. Our mandate is to help the Kenyan child develop talents and skills, so they have something to live on.”

Equity Bank’s Head of Education, Peter Ndoro, added that technology is transforming access to financial services and shaping how young people build their future.

“We believe that technology is a powerful equalizer. It is transforming how individuals access financial services, how institutions operate, and how young people imagine and build their future. Banking is no longer confined to a physical branch. It is available anytime, anywhere through a mobile phone or digital platform.”

To address these challenges and meet the growing demand, Equity Bank has introduced the FX Preferential Rate Solution. According to the bank, this platform is tailored to meet the needs of individuals and businesses that frequently handle foreign currency transactions.

It allows customers to access preferential FX rates directly through the bank’s digital platforms, Equity Mobile App and online, eliminating the need for branch visits or lengthy phone calls.

The Preferential FX Rate Solution enables users to access discounted rates via the app or online, based on the value of their transactions. Customers can view discounted rates tailored to their account and transaction details and execute transactions directly through the app or online. Each transaction is assigned a unique reference number for transparency and tracking.

The system is designed to automatically apply discounted rates, with higher transaction values attracting better rates. Once the rate is confirmed, users can finalize the transaction in real time, avoiding delays and manual processes.

This solution comes at a time when Kenya’s foreign exchange market is experiencing significant growth and transformation. The Central Bank of Kenya (CBK) reported record-high foreign exchange reserves of $12.5 billion as of January 2026, providing 5.4 months of import cover.

This growth has been supported by remittance inflows, which totalled $435 million in December 2025, and a booming retail forex trading market, which now boasts over 100,000 active traders in Kenya. Kenya’s international trade volume reached Ksh973.6 billion in the second quarter of 2025, further reflecting the critical need for seamless cross-border payment solutions for businesses.

These developments highlight the increasing demand for efficient and accessible forex solutions.
Equity’s Preferential FX Rate Solution is ideal for a wide range of customers. This solution simplifies international payments, enabling organizations to focus on their core operations without being hindered by the delays and complexities of traditional FX processes.

It allows travelers to access competitive foreign exchange rates for their trips abroad, freelancers and expatriates to manage regular foreign currency transactions with ease, and businesses to streamline cross-border payments. NGOs and development sector organizations can facilitate payments for international projects, while traders dealing in large currency transactions can negotiate better rates, ensuring both cost savings and convenience.

As technology reshapes how individuals, businesses and organisations manage cross-border transactions, more Kenyans hope that these solutions will lead to greater financial inclusion, reduced transaction costs, and improved access to global markets, enabling them to fully participate in the opportunities of a connected world.

Ndugwa takes over from outgoing CEO Mohit Kapoor, who exits after steering the company through a critical transition period.

The announcement signals a strategic pivot by the cement giant, which is currently pushing to scale up production and secure long-term clinker self-sufficiency amid rising demand driven by Kenya’s infrastructure boom.

Board Chairman Dr. John Simba framed the appointment as a move aimed at strengthening the company’s future trajectory.

Bamburi Cement newly-appointed Chief Executive Officer (CEO), Geoffrey Ndugwa. /BAMBURI CEMENT

“The Board is delighted to welcome Mr. Ndugwa. He is a seasoned business leader who has successfully held several strategic roles across the continent, delivering excellent corporate results,” he stated.

He added, “We also extend our sincere gratitude to Mr. Mohit Kapoor for his leadership in stabilizing the business during a critical transition phase. We also want to extend our appreciation to the outgoing CEO, Mr Mohit Kapoor, who has stabilised the business and provided leadership at a unique phase of the business turnaround and transition process.”

Ndugwa brings over 20 years of experience within the Holcim ecosystem, having held senior leadership roles across sub-Saharan Africa.

His recent posting as Mergers and Acquisitions Projects Director for the Middle East and Africa region placed him at the center of high-value strategic deals, while previous CEO roles in South Africa, Malawi, and Zimbabwe sharpened his operational leadership credentials.

His appointment comes at a time when Bamburi is aggressively investing in capacity expansion and sustainability-focused production.

The company, now part of the Amsons Group, recently signed a $250 million (about KSh32 billion) Engineering, Procurement and Construction deal with Sinoma CBMI Construction Co., Ltd to build a new clinker plant in Matuga, Kwale County.

The upcoming facility, designed to produce 1.6 million tonnes annually, will integrate advanced carbon-neutral technologies—positioning Bamburi at the center of Kenya’s green industrial transition.

Once complete, the project is expected to more than double the firm’s clinker production from 1 million tonnes to 2.6 million tonnes, while cement output will jump from 1.8 million tonnes to 4 million tonnes annually.

The leadership change now places Ndugwa in charge of executing one of the most aggressive growth blueprints in the company’s history—balancing expansion, sustainability, and profitability in a highly competitive cement market.

His engineering background, coupled with an MBA from Edinburgh Business School and extensive regional experience, positions him as a technically grounded executive expected to drive the next phase of Bamburi’s transformation.

With Kenya’s infrastructure pipeline expanding and demand for construction materials rising, all eyes will be on how quickly the new CEO can translate strategy into output—and whether Bamburi can cement its dominance in the region.

A photo of Bamburi Cement bags. /KILIMO BY URBAN FRESH

Equity Bank led the sector with Ksh90.7 billion, about 28 percent of MSME credit, reinforcing its dominance in small-business financing amid rising demand for working capital and trade lines.

KCB followed with Ksh56.2 billion, Co-operative Bank with Ksh37.7 billion, Stanbic at Ksh32.7 billion, and Family Bank with Ksh32.0 billion. Together, the top five lenders accounted for roughly three-quarters of the new MSME credit, underscoring the concentration among major banks even as overall demand grows.

Mid-tier lenders also stepped up: I&M Bank advanced Ksh26.3 billion, Kingdom Bank Ksh9.8 billion, Absa Ksh6.4 billion, National Bank Ksh5.8 billion, and Sidian Bank Ksh5.5 billion, reflecting intensifying competition for SME clients through supply-chain finance, invoice discounting and sector-focused programs.

Analysts attribute the surge to a stabilising shilling, gradual easing of lending rates, and broader uptake of the public credit guarantee scheme, which has strengthened banks’ willingness to extend risk-weighted loans to small businesses.

Equity aligns lending to CBR as easing cycle gathers pace

Equity Bank reiterated that it is passing Central Bank of Kenya (CBK) rate cuts directly to borrowers. Group MD and CEO Dr. James Mwangi said the bank has aligned its variable-rate loans to the Central Bank Rate (CBR), with pricing set at CBR plus a fixed premium and adjusting automatically after each Monetary Policy Committee (MPC) decision.

“We are very excited that the banking industry, with our regular CBK, has now found a formula that will tag our lending rates to the central bank rates. The day central bank reduces its rates is an automatic reduction of your lending rate,” Dr. Mwangi said on Wednesday, March 18, when the bank released its record 2025 financial results.

The MPC last met on February 10, 2026, cutting the CBR by 25 basis points to 8.75 percent, its fourth consecutive quarterly reduction. The next announcement is expected on April 8, 2026. Dr. Mwangi said the sustained easing cycle is reshaping borrowing behaviour after years of subdued appetite: “For the last six years, we have been experiencing declining lending, particularly in Kenya, and it’s for the first time we have seen appetite.”

Beyond rate transmission, Equity is also retooling how and to whom it lends. Dr. Joanne Korir, Director of Equity Group Foundation, outlined the scale of the Young Africa Works programme with the MasterCard Foundation, targeting youth enterprise and jobs across the region.

“We’ve been able to onboard 962,000 MSMEs into the programme, of whom 720,000 have received mentorship. In terms of access to credit to fuel their businesses, we’ve seen approximately 3.12 billion US dollars, which is about Ksh390 billion, extended to these MSMEs,” Dr. Korir said. She added that job creation has reached approximately 2.4 million against an initial target of 810,000.

To support sustainability, Dr. Mwangi noted the bank is extending loan tenors within the programme from six months to as long as 24 months to help young entrepreneurs build stronger credit histories and business balance sheets.

Equity posted a 55 percent rise in profit after tax to Ksh75.5 billion, described by the bank as the highest in Kenya’s corporate history. The balance sheet expanded nine percent to Ksh1.97 trillion, with net loans up eight percent to Ksh882.5 billion, providing headroom to meet resurgent MSME demand as the rate environment eases.

Building on the festival theme Bold Storytellers, Digital Stages: Driving Kenya’s Development Through Theatre and Film, and Equity Bank’s sub theme Leveraging Technology to Make Banking a Lifestyle - From a Place You Go to Something You Do, performances showed audiences how to adopt digital tools that build credit trails and widen market access.

The scenes are familiar and relatable. A kiosk owner drops loose cash for QR and e wallet acceptance, builds an auditable trail and secures stock financing. Parents shift school fees to digital rails for speed and verifiable receipts. Youth agripreneurs pool savings on apps to fund inputs and insure harvests, while women led collectives lean on instant payment to reach customers across counties and into regional markets. Alongside the opportunity, students confront risk head on, from basic cyber hygiene to responsible digital borrowing, tying clean data to affordable credit.

Kayole South Senior School trainer Morgan Odera was among those testing the boundaries of financial storytelling. He said their spoken word piece linked national identity to present day financial inclusion by blending Kenya’s independence story with the role of education finance in creating awareness.  

“We have just performed a spoken word talking about how Kenya gained independence and how the bank chips in to benefit students, mostly through its education programs and by supporting businesspeople and Kenya’s development in general,” he said.

Performed by student Sheila Akinyi, the work drew mixed reactions for its ambition. “It is hard to combine a spoken word about independence with current affairs,” Odera noted. “The artist was creative enough to blend the independence struggles and the bank’s support to students through Wings to Fly, which supports them at higher education level.” The piece underscored a simple economic arc: access to education and skills pulls more young Kenyans into a modern, increasingly digital economy, the same transformation students advocate through safer, smarter money habits.

At Precious Blood Riruta, lead choreographer Amos Othengo Pinto threaded a small trader narrative into dance and gave it commercial stakes. A mama mboga closes her day by banking takings to build a savings record and grow her enterprise. “After a day with her customers, she can save in the bank to boost the business,” he said, explaining how the team blended African and hip-hop styles to tell a modern finance story on a digital stage.

Performed by the Kenya Institute of Mass Communication under the Equity theme, the play Giza Gizani also confronted abuse of power, silence, absent parenting and injustice. Dickens Sumba, the playwright and thespian, said the work was crafted to provoke reflection and affirm the possibility of accountability.

“We built Giza Gizani to strip impunity of its glamour, to show what silence costs in homes and institutions, and to light a path toward courage, dignity and justice.”

For Nairobi Regional Director of Education Reuben Kipturgor, the business and financial awareness approach is deliberate. It stems from handing authorship to learners and demanding utility from the art. “Can we make these activities learner based? Can we go back and allow our learners to generate their own script, and then we just help them to fine tune to the levels that we can reach? That is the only way we can develop their talents,” he said, before urging partners to back student creators in tangible ways.

Equity Bank’s has committed Sh25 million nationally to support the festival, with the bank’s themed genres highlighting how technology is making financial services part of daily life and expanding inclusion for individuals, schools and enterprises.

At the national finals, champions in the Equity classes will receive Ksh100,000 with silverware, runners-up will take Ksh50,000, and third place will get Ksh30,000. All winners will also be awarded wit trophies and certificates. The best trainer will receive Ksh30,000, second Ksh20,000 and third Ksh10,000.

The national finals will be held in April in Nyeri, followed by gala showcases hosted by Education CS Julius Ogamba and Equity Group CEO and MD Dr James Mwangi. The top students will then cap the season with a performance at State Lodge, Nyeri, in a gala to be attended by President William Ruto. 

The long weekend arrives as a welcome pause, inviting families to gather for shared feasts and friends to embark on memorable journeys.

It’s a time when the roads hum with travelers heading upcountry to connect with families or towards the sun-drenched coast and serene landscapes of our national parks, all in pursuit of rest and connection.

During a holiday like this, you want everything to just work so you can focus on what truly matters.

The best part of Easter is the spirit of giving. Maybe you’re sending a little extra, back home for the big family celebration, or just surprising your loved ones with a gift.

Distance shouldn’t get in the way of this special celebration and whether you’re a few towns over or living in a different county, you can send your love home instantly through the Equity Mobile App, by dialing *247#, or using your Equitel line.

For those in the diaspora, Equity’s network of international money transfer partners like Western Union, Money Gram among others ensure that your presence is felt at home, with funds arriving directly and securely, ready for the festivities.

When you’re on the road, the last thing you want to worry about is payment logistics. From fueling up at the petrol station or checking into your Airbnb, you need things to be quick and secure. That’s why your Equity Debit or Credit Card is the perfect travel partner. It’s fast, cashless, and accepted everywhere.

And as you explore local markets and businesses, the simple and unified Pay With Equity till number makes every purchase quick and easy, letting you spend less time on transactions and more time soaking in the experience.

The best holiday memories often happen during those unplanned detours and side quests, like deciding to stay an extra night at a getaway or a special souvenir that catches your eye.

In those moments when you find yourself slightly short at the payment counter, Equity’s Boostika offers a seamless way to complete your transaction without a second thought.

For more significant needs, a short-term facility like an Eazzy Loan or Salary Advance is readily accessible, ensuring that no opportunity for joy is missed.

This Easter, you need nothing short of a financial partner that stands with you, ready for both the planned celebrations and the spontaneous moments in between.

Whether it’s planning a weekend getaway, hosting family and friends, or enjoying simple everyday indulgences, LOOP customers have access to curated Easter offers across a  wide range of partner merchants.  

Among the offers on LOOP Discover, Customers can get the new Samsung Galaxy S26 and pay later in flexible instalments with LOOP FLEX only on LOOP Discover and get a Free Galaxy Watch 8 or Galaxy Buds 4 via dealers such as Ropem Telcom. 

Customers can also enjoy a range of lifestyle and retail offers, including:

• Uncle Nene’s offering 10% off meals
• Escape Room with upto 20% off hangouts on Sundays, upto 15% off hangouts on Thursdays and upto 15% off on hangouts on Fridays
• Generation Techzone with customers saving upto KES 5,000 on Smartphones, up  to KES 7,300 on smart watches, up to KES 5,000 on tablets and up to KES 15,000 on electronics
• Talanta Sports with 10% off everyday essentials and game on essentials
• Mandevu – up to 10% off beard essentials 

Additional deals include Hotpoint for March Madness with customers enjoying the deal when they Pay via LOOP App, Card or LOOP FLEX (A Buy Now Pay Later solution). 

Beyond shopping, LOOP is also enhancing lifestyle experiences through seamless access  to MOOKH events. Customers can conveniently purchase discounted tickets on featured  MOOKH events including: 

• Muze Open Air on the Beach 
• Too Early For Birds WANGARÍ MAATHAI 
• Family BBQ Festival 2.0 
• Gondwana KE 
• Akili Kids Treasure Hunt Talentmania

These offers reinforce LOOP’s commitment to delivering meaningful value where it  matters most in customers’ everyday lives. 

Easter presents a moment for connection, bringing together families, friends, and  communities. LOOP continues to position itself as an enabler of these moments by going beyond transactions to create experiences that are simple, rewarding, and relevant. These seasonal offers reflect a broader commitment to building a lifestyle platform that  seamlessly supports how people live, spend, and connect. 

The various offers on LOOP Discover builds on LOOP’s broader positioning as a digital  lifestyle ecosystem, one that goes beyond traditional banking to deliver convenience, flexibility and value in a way that aligns with modern consumer behaviour.  

As the Easter holiday approaches, LOOP invites customers to make the most of the season celebrating the moments that matter, with a little more ease and a lot more value. 

The pavilion, which had weathered over time, has long served as a central hub for sporting and social activity within the Limuru community. Its restoration is expected to revive a key gathering space for players, families, and sports enthusiasts, while strengthening the club’s role as a cornerstone of local sporting life.

The investment reflects LOOP’s positioning as a lifestyle platform that goes beyond financial services to support the environments and experiences that matter to its customers.

Speaking on the investment, LOOP DFS CEO Eric Muriuki said the initiative reflects the platform’s commitment to building meaningful ecosystems around its customers.

LOOP Injects KES 2.5 Million in Restoration of Cricket Pavilion at Limuru Country Club

“As a lifestyle platform, we invest in the things our customers care about, the spaces where they connect, the communities they belong to, and the experiences that shape their everyday lives. This renovation is not just about restoring a pavilion; it is about strengthening a community hub that supports sport, wellness, and shared experiences.

Whether it is through sporting infrastructure, tree planting, or broader community initiatives, our focus is on building ecosystems that are organic, sustainable, and meaningful to the people we serve.”

Limuru Country Club remains a strategic partner for LOOP, with a long-standing relationship that spans multiple initiatives, including the hosting of the Launch of the 2026 LOOP Safari Gravel Series and support for grassroots sporting development. The partnership is anchored in a shared vision to grow sport, promote wellness, and strengthen community engagement.

The restoration also comes at a time when LOOP continues to expand its footprint in lifestyle and community-driven platforms, including the Safari Gravel Series, which has grown into one of the country’s most engaging cycling events, attracting thousands of participants and spectators.

Limuru club chairman Peter Kinuthia welcomed the partnership, noting the significance of the pavilion to both the sport and the wider community.

“The pavilion has always been at the heart of our sporting and social life. Its restoration is not just about rebuilding a facility, but about restoring a space where our community comes together, from players and families to young people discovering the sport.

Partnerships like this ensure that these spaces continue to serve both current and future generations.”

The project forms part of LOOP’s broader sustainability approach, which places strong emphasis on social impact; investing in communities, promoting active lifestyles, and supporting platforms that bring people together. While the pavilion project is nearing completion, formal handover is expected in due course.

The training forum, held on Saturday in Naivasha, brought together riders from across the county and focused on promoting safer riding practices, adherence to traffic regulations, and increasing awareness of insurance options that can help riders manage medical costs in the event of accidents. Riders also received financial literacy and road safety materials to reinforce the training beyond the session.

Beyond safety awareness, the initiative incorporated practical support aimed at improving riders’ working conditions and well-being. Mogo provided participants with free motorcycle servicing and bike washing, received reflector jackets to enhance visibility on the roads, and were supported with essential items, including foodstuffs. In addition, the association was equipped with electronics such as laptops and printers to strengthen its operations.

Notably, the Naivasha, Nakuru County Boda Association Chairman, Mr. John Gitonga, received a brand new BM125 Heavy Duty motorcycle, generously donated by Auto Industries Ltd, to support coordination and mobilisation efforts within the sector - further underscoring the role of strong partnerships in driving meaningful impact.

Mogo and Boda Boda Safety Association train over 1,000 riders in Nakuru County on road safety, saving

The session further addressed broader issues affecting the sector, including economic empowerment through SACCOs, pension savings awareness, social protection, and behavioural change.

According to the National Transport and Safety Authority (NTSA), boda boda riders, their passengers, and pedestrians account for more than 65 per cent of the approximately 4,000 road fatalities recorded annually in Kenya. However, fatalities in some counties go unreported, with estimates suggesting the actual number could be three to four times higher—potentially exceeding 12,000 deaths each year, alongside thousands of injuries.

Road crashes also impose a significant economic burden, costing Kenya an estimated 5 per cent of its Gross Domestic Product (GDP), equivalent to over KES 450 billion annually.

Nakuru County is among those with the highest number of traffic fatalities, alongside Nairobi, Kiambu, Kisumu, Machakos, Kakamega, Makueni, and Kericho.

Speaking during the training, Fernades Kariuki, Product Marketing Manager at Mogo Kenya, said the initiative reflects the company’s commitment to supporting the wellbeing and sustainability of the boda boda sector.

“Boda boda riders play a critical role in Kenya’s economy and in connecting communities to opportunities. At Mogo, we have supported many riders to access motorcycles and smartphones through affordable financing, enabling them to participate in the digital economy and improve their livelihoods. However, road accidents often wipe out these gains due to high treatment costs and lost income. That is why initiatives such as this training are important—to equip riders with knowledge on safe riding and financial protection,” he said.

He added that improving road safety not only protects lives but also ensures that operators can continue earning and supporting their families.

BAK National Chairman Kevin Mubadi noted that the association is working closely with partners to strengthen safety awareness and reduce accidents involving boda boda operators.

“Many of our members depend entirely on this sector for their livelihoods, yet road crashes continue to claim lives and cause serious injuries. Through partnerships such as this one with Mogo Kenya, we are educating riders on the importance of observing traffic rules, riding responsibly, and planning for their financial future,” he said.

The initiative aligns with Kenya’s National Road Safety Action Plan 2024–2028, which prioritises training road users—including boda boda riders—as a key strategy to reduce road deaths and serious injuries by 50 per cent over the next four years, in line with the UN Second Decade of Action for Road Safety 2021–2030.

The boda boda sector remains a key pillar of Kenya’s economy, generating an estimated KES 660 billion annually and contributing approximately 4.4 per cent of the country’s GDP. The industry directly employs over 2.5 million people, providing vital income for families and communities nationwide.

Through this initiative, Mogo Kenya and the Boda Boda Safety Association of Kenya aim to strengthen road safety awareness while supporting the sustainability and long-term growth of one of Kenya’s most important transport and livelihood sectors.

The session, held as part of the ‘Hook’d on Fresh’ youth masterclass series, was delivered by Safaricom through its youth platform Safaricom Hook, in partnership with Sprite, a brand under The Coca-Cola Company.

In addition to content creation, students were equipped with practical knowledge on saving and investing their earnings to support long-term financial stability and wealth creation.

The training featured industry players, including lifestyle content creator Carrie Wahu and dance creator Tileh Pacbro, who shared practical insights on how to leverage content and grow sustainable income through monetization. Also present was Alexander Matheka, Wealth Management at Safaricom, who introduced the Ziidi Money Market Fund platform and encouraged young people to adopt a savings and investment culture.

Kenyan Afro-pop singer, songwriter, and performer Charisma entertains students at Africa Nazarene University during the Content Creation Masterclass

“Content creation has become such a big deal for young people, and it is only fair that we support them and become the enablers through our platforms, helping them convert what they do into a source of livelihood,” said Fawzia Ali Kimanthi, Chief Consumer Business Officer, Safaricom.

The Hook’d on Fresh campaign is a digital influencer-hosted creator programme designed to equip Kenyan youth with the skills, tools, and inspiration they need to thrive in the digital content economy.

The Africa Nazarene University engagement follows a recent stop in Eldoret, where over 300 students attended the masterclass and gained access to digital tools and industry insights.

At the heart of the initiative is a shared commitment by Safaricom and Sprite to support Kenya’s creative generation by combining connectivity and culture, two essential ingredients for success in today’s digital landscape.

The Hook’d on Fresh Masterclass Series goes beyond content creation by combining skills development with financial literacy, positioning young people to better navigate opportunities in the digital economy.

The appointment, which took effect on March 27, 2026, is pending regulatory approval and comes after the exit of John Okulo, setting the stage for fresh leadership in the bank’s high-stakes corporate division.

Ng’eno, a long-serving executive within KCB Bank Kenya, rises to the role from his position as Executive Head of Client Coverage and Business Development, a post he has held since February 2022.

His track record within the bank spans critical leadership roles, including Sector Head for Manufacturing between 2019 and 2022, and a stint as Acting Corporate Banking Director in 2021.

Peter Kipkorir Ng'eno, appointed by KCB as its new Director of Corporate Banking. /KCB

“He has previously served in other capacities within the Division, key among them Sector Head- Manufacturing (2019-2022) and Acting Corporate Banking Director (April 2021- September 2021),” KCB stated.

With over 20 years in banking, Ng’eno is widely seen as a strategic insider with the experience to accelerate growth in the lender’s corporate portfolio. His career cuts across multiple top-tier financial institutions, positioning him as a seasoned operator in Kenya’s competitive corporate finance space.

Before his latest appointment, Ng’eno handled major client portfolios as Head of Manufacturing, Acting Director of Corporate Banking, and Senior Relationship Manager—roles that placed him at the centre of business development and client expansion.

His experience also includes a stint at Ecobank between 2015 and 2017, where he served as a Local Account Manager for large corporates. He previously worked at Stanbic Bank from 2012 to 2015 in senior relationship management roles within commercial banking.

Ng’eno also spent over three years at Standard Chartered Bank from 2009 to 2012, managing SME portfolios and earning recognition for strong client relationship management.

In his new role, he is expected to steer growth and sustain momentum in KCB’s corporate banking unit by leveraging the Group’s scale—an indication of the bank’s continued push to dominate the high-value corporate segment.

Ng’eno holds a Bachelor of Commerce (Finance) degree from the University of Nairobi.

Okulo's Next Move

Okulo is meanwhile set to join Sidian Bank as its Managing Director and Chief Executive Officer, with his appointment set to take effect on May 1, 2026, pending regulatory approval. In a notice issued on March 26, the bank indicated that its Board is confident that Okulo’s leadership will steer the institution into a new phase of growth and transformation.

Okulo currently serves as Director of Corporate Banking at KCB Bank Kenya, a role he has held since June 2023. Before joining KCB, he was Group Director for Corporate Banking at NCBA Bank Kenya Plc from October 2019 to June 2023, where he played a key role in driving the bank’s corporate strategy and regional expansion.

He also previously worked at Commercial Bank of Africa (CBA) as Chief Commercial Officer between September 2018 and September 2019.

Earlier in his career, Okulo served as Head of Corporate and Investment Banking at Stanbic Bank Uganda Limited from July 2008 to June 2011, overseeing both corporate and investment banking operations.

His professional journey further includes senior roles at Barclays Bank, Citibank, and Standard Chartered Bank.

The lender announced that the agreements are designed to drive transformation across the entire leather value chain—from livestock farmers to finished export products—positioning the industry as a key pillar in Kenya’s industrialisation agenda.

KCB entered into deals with the Kenya Leather Development Council, as well as private sector players Alpharama Limited and Ranch Experts, with a clear focus on addressing structural bottlenecks that have historically limited the sector’s output and profitability.

Under the first partnership with the Kenya Leather Development Council, the focus will be on strengthening the broader ecosystem through targeted investment, improved coordination among stakeholders, and capacity-building initiatives. The collaboration will also expand access to financing, enhance market linkages, and support the development of infrastructure required to scale production across the value chain.

The second agreement, involving Alpharama Limited and Ranch Experts, shifts attention to the industrial segment of the sector. It is aimed at scaling processing capacity and building a more integrated, end-to-end value chain that connects producers directly to manufacturers and global markets. The partnership will also facilitate tailored financing solutions to support industrial growth and businesses operating within the ecosystem.

KCB signed two strategic MOUs to help unlock the full potential of the leather value chain, from farmer to finished product

The twin agreements mark a significant intervention in a sector widely viewed as underexploited despite its vast potential. Government estimates indicate that Kenya’s leather industry could generate more than Ksh150 billion annually and create over 500,000 jobs if fully developed.

However, the country continues to fall short of this potential. Despite having over 20 million cattle, 30 million sheep, and 40 million goats, a significant portion of hides and skins is still exported in raw or semi-processed form, limiting value addition and reducing earnings.

Recent data shows that Kenya generates less than Ksh10 billion annually from leather exports—a fraction of its projected capacity—largely due to fragmented supply chains, limited processing infrastructure, and insufficient investment in value addition.

KCB’s intervention seeks to address these systemic challenges by financing critical segments of the value chain, including livestock producers, tanneries, and manufacturers, while fostering stronger linkages between them.

The bank maintained that the partnerships are aligned with Kenya’s broader push towards industrialisation, which prioritises local manufacturing and value addition as key drivers of sustainable economic growth.

Globally, the leather market is valued at over $400 billion, presenting a significant opportunity for Kenya to scale its presence, particularly in high-demand segments such as footwear, garments, and automotive leather.

KCB Executive Head of Client Coverage and Business Development Peter Ng'eno emphasised the importance of adopting a coordinated, value chain-driven approach to unlock the sector’s potential.

“To transform the leather industry, we must take a deliberate, value chain-driven approach to investment: linking livestock farmers, aggregators, processors, manufacturers, and distributors into a cohesive, financed ecosystem,” he noted.

For farmers, the impact of the partnerships could be immediate, with expectations of more reliable demand for hides and skins, improved pricing, and clearer pathways into a more structured and competitive market.

The agreements were signed during a leather-focused side event at the Kenya International Investment Conference 2026 in Nairobi, signalling renewed momentum to position Kenya as a major player in the global leather industry.

The lender’s latest results signal sustained growth momentum, with shareholders set to benefit from a significantly higher dividend payout of Ksh11.7 billion, up from Ksh9.1 billion a year earlier.

The Group’s profit before tax climbed to Ksh27.9 billion, representing a 10.9 per cent year-on-year increase, while operating income surged 17 per cent to Ksh73.3 billion. However, this growth came alongside a sharp rise in operating expenses, which also grew by 17 per cent to Ksh37.5 billion.

A notable pressure point emerged in credit risk, with provisions for loan losses jumping 46.3 per cent to KSh8.0 billion—an indicator of a tougher lending environment.

Digital Loans Hit Ksh1.4 Trillion

NCBA’s aggressive digital push continued to pay off, with digital loan disbursements hitting Ksh1.4 trillion, a 33 per cent jump compared to 2024. Customer deposits rose to Ksh532 billion, while total assets closed the year at Ksh716 billion.

NCBA's digital loan disbursements hit Ksh1.4 trillion, a 33 per cent jump compared to 2024.

The bank also proposed a final dividend of Ksh7.10 per share, reinforcing its focus on rewarding investors.

Commenting on the results, Group Managing Director John Gachora stated: “The 2025 outcomes are a great milestone to close out our 2020 - 2025 strategy. Over the last 5 years, a disciplined execution of strategy and enhanced diversification of our business model have delivered a more robust institution with momentum to carry us forward.”

Strategy Pays Off

NCBA credits its performance to a five-year strategy anchored on customer experience, retail banking expansion, corporate banking dominance, digital transformation, and building a high-performance workforce.

The bank nearly doubled its branch network from 89 in 2020 to 123 in 2025, while also expanding its digital footprint. Its corporate banking arm maintained a strong deposit base of Ksh215 billion, supported by sector-focused lending and new solutions like NCBA ConnectPlus.

The Group also retained its dominance in asset financing, holding over 30 per cent market share since 2020, driven by partnerships and tech-driven innovations such as Carduka.

Kenya Remains the Profit Engine

Kenya continues to anchor NCBA’s profitability, contributing 82 per cent of profit before tax. The local unit recorded Ksh22.9 billion in PBT, reflecting steady balance sheet growth and improved margins.

Regional subsidiaries also showed strong momentum, generating Ksh3.6 billion in profit before tax, while non-banking units—including investment banking and insurance—contributed Ksh1.9 billion.

Sustainability and Youth Focus

Beyond profits, NCBA ramped up its sustainability agenda under its “Change The Story” strategy. The bank has mobilised Ksh9.5 billion in green financing, planted over 1.3 million trees, and supported more than 70,000 youth and women through mentorship and skills programmes.

It has also invested over Ksh200 million in golf development and expanded support for Kenya’s creative economy through partnerships like the ELEV8 platform.

New ‘Ubuntu’ Strategy Unveiled

Looking ahead, NCBA has launched its 2026–2030 “Ubuntu” strategy aimed at scaling growth, expanding into new markets, and strengthening its core banking operations.

The strategy is built on four pillars, including reinforcing core services, accelerating high-growth segments like SMEs and insurance, and unlocking new opportunities across regions.

Nedbank Deal Could Be a Game-Changer

The Group also pointed to the proposed acquisition by Nedbank Group of a 66 per cent stake in NCBA as a major growth catalyst.

If completed, the deal is expected to unlock shareholder value, diversify risk beyond East Africa, and give customers access to international markets and larger funding capacity.

In closing, Gachora remarked: “We are proud of the progress we have made, excited about the Ubuntu strategy, and clear that the Nedbank transaction will only accelerate our ambitions. I want to thank our customers, colleagues, shareholders, regulators, and partners for their continued trust as we deliver on our priorities and shape the next chapter of our organization.”

The delegation includes participants from Burundi, South Sudan, Tanzania, Uganda and Kenya, alongside representatives from Brazzaville, Poland, Zimbabwe, Eritrea, Lebanon, India, the UAE, Pakistan, Sri Lanka, Germany, the United Kingdom and South Africa, a signal of widening global interest in DRC deal flow. Equity says the mission aims to unlock opportunities, strengthen regional economic ties and accelerate cross‑border trade as the DRC’s entry into the East African Community expands the single market.

At the launch, Equity framed the mission as a deal‑making platform linking capital to on‑the‑ground projects, with its DRC unit, Equity BCDC, positioned to structure and finance transactions in subcontracting, logistics, energy and agro‑processing tied to mineral demand.

Setting the tone for the week, Equity’s Director for Brand & Global Communications, Nicole Dow, said the programme is built to connect entrepreneurs and investors with high‑growth markets and give them direct exposure to frontier opportunities. “Through our strategic Trade Missions, we seek to bridge the gap between entrepreneurs, investors, and high-growth markets, empowering businesses to scale, expand, explore investment opportunities, and thrive across the continent,” she said, noting the roadshows also offer a chance to build relationships with key stakeholders on the ground.

Speakers urged investors to look past ore extraction and seize first‑mover openings in services, logistics, energy and processing across the Katanga value chain, as well as in the consumer economy forming around the region’s mining towns.

“As the world’s leading source of cobalt and a top global producer of copper and other critical minerals, the DRC plays a central role in the global green energy transition. Beyond mining, the country holds vast agricultural potential, major infrastructure gaps that present investment opportunities, and a large youthful consumer base driving urban demand,” said Paty Paterne Mushagalusa, Associate Director for Commercial Projects at Equity BCDC, adding that continued reform efforts, fiscal consolidation and regional integration through the EAC are enhancing investor confidence.

“Today, the DRC is the world’s second-largest producer of copper and the leading producer of cobalt, with Katanga alone contributing approximately 40% to national GDP and accounting for nearly 80% of exports. Katanga is not just a mining hub; it is a strategic engine for the global energy transition,” said Yves Bizunga, Equity BCDC’s Deputy Managing Director for the Southern Region, urging investors to look beyond the pit into services anchored to mineral exports, including logistics, energy, subcontracting and supply‑chain finance.

Policy and facilitation agencies in Haut‑Katanga moved to reassure investors on procedures, incentives and repatriation. Lydia Wabiwa, who heads the Haut‑Katanga office of the Agence Nationale pour la Promotion des Investissements (ANAPI), said the agency promotes opportunities, assists investors through applications and simplifies procedures to unlock incentives, urging delegates to route approvals through state‑recognised channels. Lubumbashi‑based finance professional Michel Kinkele Orelis pointed to mining governance and traceability reforms, stronger tax administration and clearer compliance rules, adding that company registration now takes about three days when documents are in order, with standardized invoicing (introduced last December) and guarantees on profit repatriation improving predictability.

Beyond commodities, sector players highlighted agriculture and light manufacturing to meet fast‑rising urban demand and reduce food imports. “DRC has a strong opportunity in agribusiness, agro-processing, and food import substitution. AGRICOS offers potential investors a strategic gateway to sustainable agribusiness in the DRC, providing market insights, partnership facilitation, value chain support, and access to local networks. We promote innovation, investment opportunities, and responsible practices that enhance productivity, create jobs, and drive inclusive growth across the agriculture sector,” said Eric Lwamba Mayanga, president of the Federation of Congolese Agribusiness (AGRICOS).

He added that the country’s location—bordering nine countries and a member of EAC, COMESA, SADC and AfCFTA, provides access to Atlantic trade routes and regional trade corridors.

Programme highlights include B2B meetings and site visits in Lubumbashi and Kolwezi focused on mining‑adjacent services, logistics, energy solutions and agro‑processing. Equity said it will match investors with projects and discuss financing structures, from trade finance to working‑capital lines, to accelerate execution.

The DRC trade mission builds on previous Equity‑led roadshows in the DRC, Uganda‑Tanzania‑Zanzibar and Rwanda in 2025, and the Kenya‑DRC, US‑Tanzania and US‑Tanzania‑Kenya trade missions held in 2021 and 2022. The current week‑long programme is expected to culminate in deal pipelines and partnerships, with organisers pointing to deeper EAC integration and mineral‑driven demand as tailwinds for Kenyan and regional firms in supply, transport, energy and processing along the Lubumbashi–Kolwezi corridor.

The insurance business posted a 75 per cent jump in gross written premiums to Ksh9.17 billion for the year ended 2025, underlining rising uptake of its products as the Group deepens its footprint beyond traditional banking.

Profitability remained strong, with profit before tax rising 36 per cent to Ksh2.0 billion, supported by a 150 per cent surge in insurance revenue to Ksh3.57 billion. The growth reflects increased scale and momentum across the Group’s life, general, and health insurance segments.

Speaking during the results announcement at Equity Centre, Group Managing Director and CEO James Mwangi said the performance signals the success of the Group’s expansion into underwriting following the acquisition of key licenses.

“Profitability remained strong, with profit before tax rising by 36 per cent to Ksh2.0 billion, while insurance revenue grew by an impressive 150 per cent to Ksh3.57 billion, signalling increased scale and operational momentum,” said Dr Mwangi.

He noted that in just three years of audited results, the insurance arm has climbed the ranks in a competitive market, placing third in return on assets among 56 players, while also breaking into the top five in profitability and top six in premiums.

The Group’s insurance subsidiaries are also gaining traction, driven by a customer-centric model anchored on its vast distribution network.

Equity Life Assurance continues to anchor the business, serving 6.9 million customers and issuing 19.2 million policies since inception. The unit posted a profit before tax of Ksh1.77 billion, reinforcing its position in inclusive insurance.

Equity Life Assurance (Kenya) Limited Managing Director Managing Director Angela Okinda said the subsidiary’s growth reflects strong demand for affordable and accessible insurance solutions.

“The subsidiary has achieved significant scale, now serving 6.9 million unique customers and issuing 19.2 million policies since inception, reinforcing its leadership in inclusive insurance,” said Okinda.

Meanwhile, Equity General Insurance delivered Ksh1.79 billion in gross written premiums and Ksh199 million in profit before tax in its first full year of operations, highlighting the Group’s ability to scale new business lines quickly.

Equity Health Insurance, a newer entrant, is also showing early promise. Within four months of operations, it recorded Ksh20 million in premiums and Ksh40 million in profit before tax, pointing to strong potential in the health insurance segment.

The rapid expansion follows the Group’s acquisition of life, general, and health underwriting licenses, allowing it to capture more value across the insurance chain while expanding its product offering.

The insurance unit is increasingly positioning itself as a strategic hedge against volatility in banking income, while strengthening Equity’s transition into a broad-based financial services ecosystem.

By leveraging its extensive branch network and digital platforms, the Group is scaling insurance access to millions, advancing its financial inclusion agenda.

As the lender deepens its diversification strategy, insurance is now shaping up as a critical growth engine, expected to play a bigger role in driving long-term value for the Group.

The training featured industry mentors, including musician Collo Blue and dance creator Tileh Pacbro, who shared practical insights with the young creators.

“I am happy that Safaricom and Sprite have brought this masterclass to our University today. I have learned that in addition to entertainment, platforms, like Safaricom Hook, are also useful in studies and research, because of the affordable Internet bundles,” said Norman Kipkurgat, a second-year student at the University of Eldoret. 

The Eldoret tour follows JKUAT's visit last week, which also marked the first Hook'd on Fresh Masterclass event organized by the two big brands to empower young Kenyans with digital skills and tools needed in the digital economy.

Safaricom Hook in Partnership with Sprite Tours University of Eldoret for Hook'd on Fresh Masterclass Series

“The Hook’d on Fresh campaign is a digital influencer-hosted creator program designed to equip Kenyan creators with the skills, tools, and inspiration they need to thrive in the digital content economy. Today, we've also been speaking to the youth about the importance of adopting a saving culture early, educating them on the diverse opportunities in tech and digital space,” said Fawzia Ali, Chief Consumer Business Officer, Safaricom. 

Designed as a digital influencer-led experience, the Hook'd on Fresh Masterclass Series will be touring Universities across the country, empowering students not only with digital skills but also providing them with tools and products like Ziidi Invest and Save, designed to support their everyday hustle.

Alongside the Masterclasses, Safaricom and Sprite have rolled out the Hook'd on Fresh User Generated Content (UGC) challenge, a nationwide digital competition inviting Kenyan youth to showcase their creativity through short-form video content. Participants are encouraged to share their "fresh" take across moments in music, sports, fashion, and comedy on TikTok and Instagram using the hashtag #Hook’donfresh and #SafaricomHook, while tagging both Sprite Kenya and Safaricom Hook page, and stand a chance to win cash prizes. 

The challenge features a tiered reward system, with 403 digital creators set to win across nine levels. Cash prizes range from Ksh 3,000 to Ksh 20,000 alongside other prizes like smartphones and data bundles. Winners will be selected monthly. The Hook'd on Fresh Masterclass Series is a program that goes beyond content creation by combining skills development with financial literacy, positioning young people to better navigate opportunities in the digital economy.

The bank on Wednesday launched the ELEV8 2025 Series Documentary, a project that tracks the journey of creatives navigating funding gaps, irregular incomes, and limited access to formal financial systems — long cited as the sector’s biggest hurdles.

The release comes at a time when the creative industry contributes over 5.3 per cent of Kenya’s GDP and supports more than 300,000 entrepreneurs, yet many remain locked out of traditional financing.

NCBA, which partnered with HEVA Fund in the initiative, is now positioning itself at the centre of efforts to bridge that gap by rolling out tailored credit solutions designed specifically for creatives.

These include financing for events, invoice discounting, LPO funding, working capital, and start-up incubation — products structured to accommodate project-based earnings and inconsistent cash flow common in the industry.

From right: NCBA group director, marketing, communication & citizenship, Nelly Wainaina, with ELEV8 live founder & CEO Motif Di Don during the ELEV8 live 2025 series documentary screening and 2026 series launch on March 18, 2026

According to the bank, the goal is to shift creatives from “project-to-project survival” to stable, scalable enterprises.

Speaking during the screening, NCBA Group Managing Director John Gachora stated, “Our Ubuntu belief reminds us that progress happens when we grow together. Supporting the creative economy means investing in young people, innovation, and culture as engines of economic transformation. Through ELEV8 and our tailored financial solutions, we are helping creatives move from passion to profitable enterprise.”

Through the ELEV8 programme, participating artists have received studio access, mentorship, financial literacy training, and industry exposure — a mix designed to sharpen both creative and business skills.

ELEV8 Founder and CEO Motif Di Don emphasised the programme’s long-term vision, noting, “ELEV8 is about building sustainable careers. The next season builds on what we have learned, ensuring creatives have not just talent and exposure, but the financial tools needed to thrive.”

The documentary captures real-life transformations of artists who have gone through the programme, highlighting how access to capital and mentorship is reshaping careers beyond traditional artistic pathways.

With plans already underway for ELEV8 2026, NCBA is doubling down on deeper industry partnerships and expanded financial access, as it seeks to integrate creatives into the mainstream economy.

The move aligns with the bank’s broader “Change the Story” sustainability agenda, which focuses on unlocking economic opportunities for young people.

As competition for jobs intensifies, attention is increasingly shifting to the creative sector — not just as a cultural force, but as a serious economic driver.

Speaking on behalf of Education CS, Julius Ogamba, Nairobi Regional Director of Education, Reuben Kipturgor, stated that this approach aims to identify and nurture individual talents, contributing to the government's plan to leverage arts as a career under the Competency-Based Education (CBE).

“There is a specific role or benefit that we derive from participating in music and dance. One of them is the identification of talent and development, nurturing of the same. Most of the scripts are written by professionals. Where are we identifying talent from our learners? 

"Why should we reduce our learners to just come and perform our scripts? That is my challenge. Can we make these activities learner-based? Can we go back and allow our learners to generate their own script, and then we just help them to fine-tune it to the levels that we can reach? That is the only way we can develop their talents.”

In partnership with Equity Bank, this year’s Kenya National Drama and Film Festival is anchored on the theme: “Bold Storytellers, Digital Stages: Driving Kenya’s Development Through Theatre and Film.”

In line with the theme, Nairobi Regional Director of Education Reuben Kipturgor challenged sponsors to recognise and reward student-authored work. “Can we recognize scripts that are developed by learners? If a learner comes with a very good script, you can sponsor them. Award them a prize, for example… or give them something, some token,” he said.

Framing the push within the Competency-Based Education, he added: “CBE is about talent. Now, if learners can write a composition, a very good composition, why can’t they also develop scripts? They can. So, can we assist them so that we can truly, truly say we are developing their talents?”

He noted the government’s backing of career pathways under the new education system and affirmed continuity of support:

In response to his request, the Kenya National Drama and Film Festival Nairobi region chairperson, Vincent Akuka, said the directive would be embraced, adding that the region will positively encourage and motivate learners to develop their own scripts.

Peter Ndoro, Equity Bank’s Head of Education, added that through this partnership, they are demonstrating their commitment to empowering Kenya’s youth by providing a platform to nurture talent while promoting innovation and digital transformation. As part of the collaboration, students will perform a sub-theme: “Leveraging Technology to Make Banking a Lifestyle — From a Place You Go to Something You Do.”

Performances will highlight how digital banking integrates into daily life, from paying school fees to driving business growth and facilitating cross-border trade, focusing on transforming financial services into an integrated part of everyday life, highlighting how technology has revolutionised banking and enabled financial inclusion for individuals, schools, and businesses across the country.

“We believe in supporting talent and transforming the lives of our people. We thrive when we see individuals excelling. We are committed to supporting this activity all the way to the nationals.”

The festival, currently at the regional stage across Kenya, will culminate in the national event in Nyeri in April.

Nairobi Design Week (NDW) 2026 concluded after a week-long festival that highlighted inclusive design and innovation. Held from March 7 to March 15, the 11th edition of NDW championed the theme, Let's Be Human, by showcasing a commitment to design that fosters connection, sustainability, and community impact. 

This is a digital influencer-hosted creator programme designed to equip Kenyan creators with the skills, tools, and inspiration they need to thrive in the digital content economy. Starting March 13 at JKUAT, the series will visit four university campuses across the country, reaching an estimated 40,000 students.

Hosted by some of the country’s most influential digital voices like Carrie Wahu, Tileh Pacbro, Charisma, and dance collective Cluster KE, the Hook’d on Fresh Masterclasses will cover content creation, trends and virality, and maximising reach and engagement, giving attendees practical, applicable knowledge straight from the people doing it at the highest level. 

Each session pairs content creator insights with hands-on engagement, all fueled by a cold Sprite and the connectivity of Safaricom Hook Blive Bundle on *555# 

Safaricom and Sprite To Power Kenya’s Next Generation of Creators with the Hook’d on Fresh Masterclass Series.

THE HOOK’D ON FRESH UGC CHALLENGE

Alongside the Masterclasses, Sprite and Safaricom are launching the Hook’d on Fresh User Generated Content Challenge (UGC Challenge), a national digital competition inviting Kenyan youth to create short-form videos showcasing their fresh take during different moments. Content can span from music, Sports, fashion or comedy, and must be posted on TikTok and/or Instagram using the hashtag #Hook’dOnFresh #SafaricomHook and tagging the Sprite Kenya and Safaricom Hook pages.

A tiered reward structure ensures that participants are recognised and rewarded as their views grow, with 403 digital creators set to win across nine reward levels. Cash prizes range from Ksh 3,000 at the entry level to Ksh 20,000 for top performers. Safaricom Hook will also reward outstanding content with a range of smartphone devices and data bundles. Top performers will be awarded monthly based on cumulative views, creating a sustained creative incentive that extends well beyond the Masterclass sessions. 

A PLATFORM DEVELOPED WITH GEN Z

This partnership brings together two brands that are deeply rooted in Kenyan youth culture and committed to empowering the next generation of creators and innovators. 

“The Masterclass Series is the latest expression of Sprite’s broader ‘It’s That Fresh’ campaign, which positions the brand as the drink that gives young Kenyans the clarity and confidence to perform at their best under pressure,” said Juliana Kituma, Director of Marketing, Coca-Cola Kenya. “By partnering with Safaricom, the network that already powers the digital lives of millions of young Kenyans, Sprite is creating a seamless bridge between physical activation and digital participation, ensuring the fresh energy of every campus session translates into content that lives on across social platforms.”

Complementing the masterclasses, Safaricom Hook Green Couch will travel to campuses as a “podcast on wheels,” giving students a raw, unfiltered space to share their stories, ambitions, and experiences through authentic, youth-led conversations.

“At Safaricom, we believe that connectivity goes beyond data; it is about unlocking what young Kenyans are capable of. Through our partnership with Sprite, we are focused on bringing together culture and creativity, putting real tools, real skills, and real rewards directly into the hands of the next generation of creators. The Safaricom Hook BLIVE bundle is designed for the way young Kenyans live, and these masterclasses are the perfect platform to show what is possible when you are truly connected,” said Fawzia Ali-Kimanthi, Chief Consumer Business Officer, Safaricom PLC.

With the Hook’d on Fresh Masterclass Series, Sprite and Safaricom are doing more than hosting campus events. They are building a lasting creative infrastructure for young Kenyans, one that rewards talent, celebrates expression, and proves that staying fresh under pressure is not just a feeling. It is a skill, and it starts here.

Safaricom and Sprite To Power Kenya’s Next Generation of Creators with the Hook’d on Fresh Masterclass Series

In a decision issued at the Milimani Commercial and Tax Division, Justice Visram Aleem Alnashir struck out several employment-related claims in Kalebi’s lawsuit but allowed the case to proceed on commercial and shareholder disputes tied to a multibillion-shilling claim.

Kalebi had moved to the High Court in January 2022 seeking Ksh3.6 billion from his former partners, arguing that he was entitled to compensation tied to his role as founder and shareholder in the laboratory business.

The case revolves around claims of unpaid “sweat equity,” disputes over the valuation of his shares, and unpaid dividends tied to the expansion of the company across Africa. However, the court ruled that several claims linked to Kalebi’s employment contract cannot be handled by the Commercial Court.

In the ruling, the judge determined that claims such as unpaid leave, overtime, gratuity, bonus, and golden parachute payments fall under the exclusive jurisdiction of the Employment and Labour Relations Court.

The Milimani Law Courts in Nairobi. /FILE

“The employment-related claims in the plaint dated 19 January 2022 are struck out for want of jurisdiction,” the court ruled, adding that “The suit shall proceed before this Court solely in respect of the commercial and shareholder-related claims.”

The decision followed arguments from both sides on whether the case should be heard entirely in the Commercial Division or split between courts.

Kalebi’s legal team argued that the dispute primarily concerns shareholder rights and corporate governance issues arising from his position as the founder and an investor in the company. On the other hand, the respondents urged the court to dismiss the suit altogether or remove employment-related claims from the proceedings.

In his determination, Justice Alnashir acknowledged that the dispute contains both employment and corporate elements but concluded that the dominant issues concern shareholder rights.

The court explained that striking out the entire case would ignore the main dispute that had emerged from the evidence. According to the ruling, the conflict involving shareholding, alleged dilution of shares, dividend entitlement, sweat equity, and confirmation of share value qualifies as a commercial dispute that falls squarely within the jurisdiction of the High Court’s Commercial and Tax Division.

The judge also noted that interpreting corporate documents such as Articles of Association, shareholder agreements, rights issues, and capital restructuring are matters properly handled by the Commercial Court.

During earlier hearings, Kalebi told the court that his contribution was instrumental in expanding the laboratory business across the continent. He maintained that when he helped establish the company in 2009, the network operated in only a few African markets. By the time he left in April 2021, the company had expanded significantly.

According to his testimony, the company operated in just three African countries when he became involved, but had grown to 13 markets by the time he exited.

Kalebi argues that the expansion resulted from years of work, investment, and leadership, which he believes entitle him to compensation through sweat equity. This refers to a non-monetary benefit awarded to company stakeholders who contribute labour, expertise, or time rather than direct financial investment.

In the lawsuit, Kalebi is seeking approximately Ksh2.8 billion tied to shareholder claims and an additional Ksh732 million linked to employment-related compensation. 

The companies, however, dispute the claims. In court filings, they maintain that key investment decisions — including expanding operations into Tanzania, Uganda, and Rwanda — were made by the respective boards of directors rather than Kalebi alone.

They also argue that Kalebi’s shareholding stake was voluntarily transferred in 2016 “on an arm’s length basis, for the full value, the consideration of which was duly paid.”

According to the companies, former partners had no contractual obligation to compensate Kalebi as founder or local founding shareholder under the agreements signed between the parties.

Following the jurisdiction ruling, the court directed that Kalebi has 14 days to file a Notice of Appeal should he wish to challenge the decision before the Court of Appeal. "Costs relating to the issue of jurisdiction shall be borne by the plaintiff," added the ruling.

With Justice Alnashir transferring to a new station, the case will now be mentioned before another judge on May 6, 2026, for further directions as the High Court proceeds to hear the commercial and shareholder aspects of the multibillion-shilling dispute.

Photo of Nairobi-based pathologist Ahmed Kalebi. /DR KALEBI LABS

In a statement to the media, NSE moved to address speculation about his alleged departure, affirming that Kittony continues to serve in the role and remains actively involved in leading the bourse.

The Exchange also clarified that the conclusion of his tenure as chair would not automatically mean he exits the company’s board.

“Mr Kittony remains Chairman and is actively leading the Exchange in advancing the 2025–2029 Strategy. His term as Chairman is valid until July 2026, and his Board Director role continues until June 2027,” the statement read in part.

NSE emphasised that leadership positions at the Exchange follow transparent governance processes outlined in its Articles of Association.

The bourse added that any changes to its leadership would be conducted in accordance with regulations set by the Capital Markets Authority (CMA) and other statutory requirements.

“We remain committed to maintaining strong corporate governance and to keeping stakeholders informed through official NSE updates,” the statement continued.

The clarification followed circulating reports claiming that Kittony had vacated the chairmanship. The speculation gained traction after his appointment as Chairman and Non-Executive Director of the Kenya Airways (KQ) board.

Kittony has served as NSE Board Chair since 2020, during which he has been associated with efforts to expand the Exchange’s product offerings and advance sustainable finance initiatives.

“As a market regulator and a public listed company, NSE follows transparent and established governance procedures for all leadership transitions, in line with its Articles of Association, Capital Markets Authority (CMA) regulations, and statutory requirements,” NSE stated.

The Chairman has held leadership positions at the Kenya National Chamber of Commerce and Industry (KNCCI), Creditinfo CRB Kenya, Mtech Limited, Betway Kenya, and Radio Africa Group.

He also serves as Vice Chairman of the World Chambers Federation in Paris and provides consultancy for IFHA, a Netherlands-based private equity fund.

Kittony's name was mentioned when the government revealed leadership changes at the national airline as part of its ongoing reform efforts. The overhaul is intended to help the carrier bounce back from years of financial losses, return to profitability, and reinforce its operations.

Kittony made a brief mention of his new position during the March 10 ceremony marking the start of trading for Kenya Pipeline Company shares on the NSE. 

He was not the only high-profile appointment to the board. KQ also announced the appointment of David Ndii, former Chairperson of President William Ruto's Council of Economic Advisors (CEA), as a non-executive director, among four new members to its Board of Directors in a major shakeup targeting the airline's top leadership.

Following the performance, the bank’s board proposed a final dividend of Ksh3 per share, pending shareholder approval. This comes on top of an interim dividend of Ksh4 per share paid in November 2025, bringing the total payout to Ksh7 per share, equivalent to Ksh22 billion for the year.

The lender also reported strong balance sheet growth, with total assets rising by 9.3 per cent to Ksh2.15 trillion despite the divestment from National Bank of Kenya.

Customer loans increased 15 per cent to Ksh1.59 trillion, supporting the bank’s interest-earning assets which climbed to Ksh1.84 trillion, representing a 13.8 per cent year-on-year growth.

Total revenues grew to Ksh214 billion from Ksh204 billion, largely driven by higher net interest income as the bank expanded lending to households, businesses and the public sector. Non-funded income accounted for 31 per cent of total revenues, supported by continued investment in digital banking services.

KCB Group PLC recorded a profit after tax of Ksh68.4 billion for the year ending December 2025

KCB Group Chief Executive Officer Paul Russo credited the results to the bank’s regional expansion and customer confidence. “Our 2025 performance reflects the strength of the KCB franchise, the resilience of our regional footprint, and the continued trust that customers place in us,” Russo stated during the results announcement on Wednesday, March 11.

“Despite a challenging operating environment, we delivered solid growth driven by disciplined execution, continued investment in digital innovation, and our unwavering commitment to supporting sector-focused lending that catalyzes economic transformation across the region.”

The bank’s regional subsidiaries continued to play a significant role in earnings. Units outside KCB Bank Kenya contributed 30.7 per cent of profit before tax and 30.5 per cent of the group balance sheet, highlighting the lender’s multi-market growth strategy.

Non-banking subsidiaries also posted notable gains. KCB Bancassurance Intermediary recorded Ksh1.14 billion in profit before tax, representing 29 per cent growth, while KCB Investment Bank delivered Ksh348 million, a 31 per cent increase. KCB Asset Management posted the fastest growth with Ksh160 million, up 54 per cent.

At the same time, the group tightened cost controls, pushing its cost-to-income ratio down to 42.5 per cent from 45.4 per cent the previous year as operating expenses declined by 2.5 per cent.

On the balance sheet side, gross loans and advances rose 16.2 per cent to KSh1.25 trillion, driven by growth across key sectors of the economy. Customer deposits also expanded significantly, rising 15 per cent to KSh1.59 trillion, maintaining what the bank described as a stable deposit franchise across its markets.

Asset quality improved during the year, with the non-performing loans (NPL) ratio dropping to 16.9 per cent from 19.2 per cent after recovery efforts and the separation of National Bank of Kenya. The stock of gross NPLs declined to Ksh211.8 billion from Ksh225.7 billion in the previous year.

KCB maintained strong capital buffers, with core capital at 18.4 per cent of risk-weighted assets, well above the statutory minimum of 10.5 per cent. The total capital ratio stood at 22.1 per cent, exceeding the regulatory requirement of 14.5 per cent, while the liquidity ratio closed at 50.8 per cent, more than double the minimum threshold of 20 per cent.

The group posted return on equity of 22.5 per cent and return on assets of 3.3 per cent, while shareholder funds rose to Ksh331 billion.

KCB Group Chairman Dr. Joseph Kinyua pointed to cautious optimism for the year ahead. “Looking ahead, we are optimistic about sustained business activity and economic growth prospects this year across the markets we operate in,” Kinyua stated.

“We are closely watching the increased global uncertainties attributed to heightened geopolitical tensions and higher tariffs. The Board remains committed to providing strong governance and strategic oversight to ensure that KCB continues to deliver long-term value while supporting economic transformation across East Africa.”

ELAK also emerged as the 1st Runner-Up for Group Life Insurance Company of the Year. The awards, which marked the 24th edition of the Association of Kenya Insurers (AKI) Awards 2025 were held at Carnivore Grounds in Nairobi under the theme “Customer First: Strengthening Agent–Customer Relationships Through Digital Innovation”.

The Best Loss Ratio Award honours life insurance companies with the best average loss ratio by managing risk and generating profits from underwriting claims. ELAK, owned by Equity Group Insurance Holdings Limited (EGIHL), a subsidiary of Equity Group, recorded an impressive loss ratio, indicating efficient risk management and positive financial performance.

ELAK also received the Group Life Insurance Innovation Award, which celebrates insurers that develop creative and impactful solutions for corporate clients. The recognition highlights organizations that leverage technology, data, and innovative product design to meet evolving customer needs while improving access, convenience, and efficiency in insurance service delivery.

Speaking after receiving the awards, ELAK Deputy Managing Director, Calvince Onduru thanked customers, Equity’s leadership, and staff for their key role in the achievement.

“These recognitions ultimately belong to our customers, whose trust inspires everything we do and motivates us to continuously improve how we serve them. Their confidence in us to protect what matters most drives our commitment to delivering solutions that are simple, reliable, and tailored to their needs.

"The awards also reflect the dedication of our teams who work tirelessly to create innovative products and deliver exceptional service every day. As we move forward, we will continue investing in digital innovation to make our services more accessible, efficient, and responsive, ensuring we create even greater value for families and businesses across Kenya,” said Onduru.

As the first runner up in Group Life Insurance Company of the Year, ELAK was recognised for prudent pricing and risk selection, product innovation, full premium payment with adherence to AKI’s minimum rates and standard quotation forms, timely registry and data submissions, and steady portfolio growth.

The category recognizes overall excellence in group life insurance and evaluates growth in corporate insurance portfolios, customer service standards, product offerings, and the ability to deliver value to employers and employees through well-structured group protection solutions.

Congratulating the winners for their exemplary performance in the past year, Insurance Commissioner and CEO of the Insurance Regulatory Authority, Godfrey Kiptum, urged industry players to remain committed to serving customers diligently despite challenging economic conditions.

“I take this opportunity to congratulate all the winners. As insurers, our responsibility is to ensure that the policies we offer truly protect customers and shield them against losses when they need support the most,” he said.

Meanwhile, Tom Gitogo, Chairman of the AKI Board, emphasized the need for the industry to keep the customer at the center of service delivery while embracing innovation and digital transformation. He noted that this approach would strengthen collaboration among insurers, agents, and other stakeholders in building a stronger insurance ecosystem.

The Ziidi Investment Platform, which operates within the M-PESA ecosystem, emerged from a shortlist of five international finalists. The award recognises digital solutions reshaping financial services and commerce through mobile technology.

According to Safaricom, the platform stood out for expanding access to investment products through mobile phones, allowing more Kenyans to save and invest in capital markets through a simplified digital process.

“This global recognition is a proud moment for Safaricom and for Kenya. Ziidi reflects our commitment to harnessing technology to create meaningful financial opportunities for our customers. As we mark 19 years of M-PESA, this milestone underscores our journey from enabling simple money transfers to providing a comprehensive digital financial ecosystem that supports savings, credit, payments and now investments,” noted Stephen Chege, Chief Corporate and External Affairs Officer at Safaricom Plc.

The Global Mobile Awards, commonly referred to as the GLOMOs, are among the mobile industry’s most prestigious honours, recognising innovations across the global telecommunications and technology sector.

Safaricom’s Ziidi Investment Platform Wins Global Recognition at 2026 GLOMO Awards

Safaricom has previously received several GLOMO accolades, including recognition for the M-PESA Super App and the BLAZE DigiTruck in 2022, alongside earlier wins tied to DigiFarm and contributions to mobile innovation.

The Ziidi platform allows customers to move from saving to investing directly within the M-PESA ecosystem, an approach designed to lower traditional barriers that often prevent ordinary users from accessing investment opportunities.

Safaricom further highlighted that the platform’s development was supported by technology infrastructure from Huawei, enabling real-time transaction processing, enhanced security and faster rollout of new financial products.

Safaricom introduced the Ziidi Money Market Fund in December 2024 through a partnership with Standard Investment Bank and ALA Capital Limited, enabling M-PESA users to start investing with as little as Ksh100 while earning daily interest returns.

Transactions on the fund — including deposits and withdrawals — are processed directly via M-PESA, ensuring investors can access their funds with minimal friction.

Since debuting, the fund has expanded quickly, signalling strong appetite among retail investors for straightforward, mobile-driven investment options.

For the six-month period ending June 30, 2025, the Ziidi MMF posted Ksh354.36 million in total investment income. The largest share came from fixed deposits, which generated Ksh194.31 million, followed by Ksh86.34 million from government securities, Ksh73.34 million from call deposits, and Ksh7.96 million from corporate bonds.

The recognition comes as M-PESA marks its 19th anniversary, reflecting the service’s expansion from a simple mobile money transfer tool into a broader digital financial platform spanning payments, savings, credit and investments.

The programme rolled out by Equity Bank offers tiered financial solutions tailored to suit businesswomen at every stage of growth. The tiers include Shaba for startups, Dhahabu for micro businesses, Almasi for SMEs, and Platini for corporate clients. The rollout coincides with International Women’s Day celebrations, highlighting renewed efforts to expand inclusion and growth for women in business.

To date, over Ksh565.6 billion has been disbursed under the initiative to women-led enterprises across Kenya since it was commissioned in 2007 by Equity in partnership with the United Nations Development Programme (UNDP).

The enhanced package offers several benefits, including health insurance cover for women and their families for as low as Ksh5,800 per year, opportunities for beneficiaries to explore new markets through regional and international trade missions organized by Equity, unsecured bid bonds of up to Ksh10 million processed within one hour, and entrepreneurship training courses.

Beneficiaries in Kwale County and across the Coast region said the programme has supported business growth. After facing frustrations accessing affordable credit at her SACCO to expand her short-stay apartments business in Diani and later being limited to fragmented financial solutions that could not support the growth of her building and construction business, Priscah Wambui approached Equity Bank’s Ukunda Branch in Kwale County.

“Luckily for me, the Bank embraced me and gave me my first loan of Ksh50,000 after I had banked with them for a short while and built a credible credit history and credit score. I was onboarded onto Fanikisha after I made it clear that I needed a tailored solution that could grow with me as a woman in business and enable me to access working capital,” said Wambui.

She said she lost her job and ventured into the short-stay rental apartment business and has since expanded into the construction sector around Ukunda Town in Kwale County.

“For me, Equity is now home, if the generosity and support, especially the financial literacy training under the initiative, is anything to go by. And it’s not just me. I have groups of women with whom we borrow together, and the support has been a game-changer for our businesses,” said Wambui.

Anastacia Mghoi has grown from a roadside general store kiosk in Ukunda to becoming one of the leading FMCG distributors across the Coast region, with 11 trucks and multiple warehouses. “Despite starting small and facing many challenges, including demolitions that saw our premises knocked down and break-ins that set us back, Equity Bank kept walking with us, offering overdraft facilities, ecosystem banking solutions to our suppliers and financial literacy on savings, investment, responsible borrowing and debt management under the Fanikisha initiative,” said Mghoi, who began with two employees and now employs over 30 people at her distribution depots and warehouses, with access to overdraft facilities running into millions of shillings.

Susan Nduku, a curio shop owner targeting tourists in Shimba Hills and Mwaluganje, said that through Fanikisha, she and 13 women from her chama have been able to expand their businesses and build homes.

“Through the bank’s financial literacy training and the Fanikisha tailored solution, we have been able to access affordable loans for business and personal development, and all 14 of us in the group have built homes,” said Nduku. She said the solution addressed challenges she faced, including the inability to access affordable loans and limited nonfinancial support such as skills training, networks, and mentorship.

As a shop owner, she had previously been financially excluded from larger loans due to a lack of credit history. She also faced challenges, such as one-size-fits-all financing models that ignore sector differences and growth stages for women in business.

The move comes as homeownership in Kenya faces mounting challenges. National ownership has dipped from 64% in 2013 to 61% in 2024, while urban homeownership has slid from 30% to 23%, driven by rising property prices, stagnant incomes, and limited access to long-term financing. In Nairobi, just 7.7% of households own the homes they live in, highlighting the hurdles urban families face.

The tour offered participants a first-hand look at key residential and commercial developments across Nairobi, enabling direct engagement with developers, exploration of financing options, and a hands-on understanding of the home-buying journey, now with a focus on sustainable living.

“Owning a home remains a major aspiration for most Kenyans. Our mission at NCBA is to remove barriers, guide customers with clarity, and provide innovative solutions that align with both financial and environmental sustainability,” said Dennis Njau, Group Director of Retail Banking.

Driving Sustainable Homeownership: NCBA Unveils Solar Leasing on Electric-Powered Property Tour

He added, “From our green energy financing to electric buses for this tour, we are walking the talk on sustainability while empowering more Kenyans to take confident steps toward homeownership.”

NCBA also used the event to highlight its full suite of Property Finance solutions, which include home loans for completed properties, plot purchases, construction, and buy-and-build packages, as well as mortgage transfers, top-ups, and the 105% Own-Your-Own-Home Mortgage that eliminates traditional upfront costs.

Beyond financing, the bank offers home protection and enhancement solutions, including insurance for houses and contents, home improvement loans, and now the Solar Leasing Solution for clean energy access, alongside insurance premium financing options.

The Kenya Property Index 2025 reports an annual housing shortfall of more than 200,000 units, with only about 50,000 new units delivered yearly against a demand of 250,000. Urban residents remain largely renters, with 73% renting and just 23% owning their homes.

By combining property exposure with financial education and green energy solutions, NCBA’s Property Investment Tour aims to give prospective homeowners the tools and confidence to navigate a challenging market. Through this initiative, the bank is positioning itself not just as a lender but as a driver of inclusive, sustainable, and climate-resilient communities across Kenya.

This was the focus of discussions at the 2026 NCBA Corporate Golf Day held at Karen Country Club on Friday, February 27, where industry leaders and policymakers gathered to interrogate the country’s growing appeal to international investors.

Recent transactions point to a surge in foreign interest and capital inflows, with Kenya seeing major corporate shake-ups as global investors target strategic sectors.

For instance, Nedbank Group has cleared a key regulatory hurdle to acquire a 66% stake in NCBA Group, with over 77% of shareholders committing to sell. The move positions Nedbank to expand into East Africa’s digital and retail banking market.

James Gossip, NCBA Managing Director, Kenya, speaking at the 2026 NCBA Corporate Golf Day held at Karen Country Club on February 27, 2026. /PHOTO

Meanwhile, the Government’s planned sale of 15% of Safaricom to Vodacom continues to spark debate. If completed, Vodacom would become the majority shareholder, while the government’s stake falls to around 20%. Parliament has launched stakeholder hearings amid concerns over valuation, data security, and national control, with legal challenges reportedly underway.

In the consumer goods space, Diageo is selling its 65% stake in East African Breweries Limited (EABL) to Asahi Group Holdings for roughly $2.3 billion (Ksh296.5 billion) after tax and transaction costs. The deal, pending regulatory approvals, will see Asahi expand regionally while maintaining production of iconic local brands under long-term licensing agreements.

Analysts view these deals as part of a broader realignment, where global investors are consolidating positions in high-growth markets, with Kenya emerging as a strategic entry point into East Africa.

“Kenya’s role as a regional financial hub, supported by strong institutions, sophisticated markets and a dynamic technology sector, makes it a natural anchor for investment,” noted NCBA Managing Director for Kenya, James Gossip.

Gossip pointed to shifting expectations within the manufacturing and business landscape, noting that firms are increasingly seeking integrated, tech-driven financial solutions.

“We are looking into the processes and identifying connections between different value chains. The manufacturing landscape expects more, which is why we’re redefining what it means to bank with NCBA through platforms like Connect Plus to help businesses thrive in a digital-first world,” he added.

Data shared at the forum underscored the weight of Kenya’s core sectors. Agriculture remains the backbone of the economy, contributing over 20 per cent of GDP directly and more than 30 per cent when value chains are included.

The sector also employs a significant share of the rural population while anchoring exports such as tea and floriculture.

Meanwhile, financial services and ICT each account for roughly 8 to 9 per cent of GDP, reinforcing Kenya’s standing as both a financial centre and a technology hub in the region. Manufacturing and infrastructure were also highlighted as critical pillars for industrial growth, job creation, and regional trade.

NCBA outlined its footprint across these sectors, indicating it banks 7 of the top 10 SACCOs, serves 55 per cent of diplomatic missions, works with 40 per cent of international NGOs, finances 60 per cent of the sugar industry, and supports more than half of the tea sector alongside 30 per cent of the floriculture industry.

Photo of a group of individuals during a corporate business meeting. /CENTRE FOR CORPORATE GOVERNANCE

The new pricing, which took effect on March 1, 2026, sets transaction costs at Ksh 0 for transfers between Ksh 0 and Ksh 1,000, Ksh 5 for transfers between Ksh 1,001 and Ksh 5,000, and Ksh 20 for transfers between Ksh 5,001 and Ksh 999,999.

The lender noted that the revised charges are designed to make everyday banking more affordable, especially for customers who frequently make low-value transfers. The move allows users to transact more cost-effectively while still benefiting from the speed and convenience of the bank’s digital platforms.

Commenting on the changes, Managing Director Jubril Adeniji stated, “At Guaranty Trust Bank, our customers’ daily financial needs guide our decisions."

"By revising our PesaLink charges, we are making digital transfers more affordable and accessible for everyone. This move reflects our commitment to delivering greater value, convenience, and a seamless banking experience to Kenyans," Adeniji remarked.

Through the pricing update, the bank maintains its focus on delivering practical value, simplifying banking experiences, and boosting overall customer satisfaction through transparent and thoughtful pricing.

In partnership with various county governments, more than 100,000 women-led micro, small, and medium enterprises (MSMEs) have undergone entrepreneurship and financial management training. 

The programme, which is being implemented in Homa Bay, Busia, Kakamega, Kisumu, Uasin Gishu, Kisii, Nyamira, Kericho, Nairobi, and Kiambu counties, focuses on strengthening the fundamental skills that determine long-term business sustainability, including structured record keeping, cash flow management, budgeting, financial planning, and demystifying Credit Reference Bureau (CRB) processes.

By building financial literacy at the grassroots level, the programme aims to position women-led businesses to engage more confidently with formal financial systems.

Women entrepreneurs remain central to Kenya’s county economies, yet many operate informally, limiting their ability to scale. Strengthening financial confidence not only enhances business resilience but also contributes to job creation, household stability, and inclusive county-level growth.

Collaborative models that combine capacity building with structured financial pathways act as practical levers for closing gender gaps in entrepreneurship and unlock long-term economic opportunity.

The Foundation, which celebrated 5 years of operation in 2025, has disbursed over Ksh 180 million in microloans and facilitated capacity building for over 100,000 MSMEs across the country. 

During a flag-off ceremony for 12 new motorcycles, a seven-seater van, and land acquisitions for members of Githurai 45 Kimwi Welfare—a sub-unit under the Githurai Bodaboda Welfare Association—leaders said group structures are helping riders move from daily earners to asset owners.

The Ksh5.4 million asset financing package was facilitated in partnership with Equity Bank, Githurai branch. Githurai Bodaboda Welfare Association Sub-County Chairman John Macharia highlighted the benefits of collective borrowing.

“Today we have received 12 motorcycles and a van that will expand business opportunities and create employment. We repay these facilities as a group, which allows us to spread risk and make credit affordable. Previously, many of our members faced frustration accessing loans, but structured group models have opened doors to sustainable financing,” he said.

Beneficiary James Githinji Kingori, a bodaboda operator, said joining the group has transformed his financial prospects. “For three years, I have been operating someone else’s motorbike, and that meant a significant portion of my daily income went directly to the owner before I could meet my own needs,” Kingori said.

“Despite working long hours, what remained for my family and savings was very little. Through joining Githurai 45 Kimwi Welfare, I am now able to access my own motorbike at a fair market rate under structured financing. This gives me dignity and stability because I am now building my own assets and securing my future.”

He added that organised groups are also restoring order within the sector. “Through registered groups, we are able to regulate ourselves and ensure accountability among members. We know each other, and we monitor conduct within our ranks. This has helped us weed out criminal elements that infiltrate the bodaboda sector and tarnish the image of hardworking riders,” he said.

The Githurai Bodaboda Welfare Association brings together 3,600 members across Githurai and Roysambu sub-counties, with members contributing Ksh100 daily throughout the year to build a sustainable savings pool.

The association has also set up Githurai Limited Company, an investment arm of 50 members, which has acquired two parcels of land valued at Ksh9 million with Ksh15 million in financing support. Additionally, Githurai 45 Transport Cooperative Society Sacco, with 300 members, has secured Ksh6 million worth of land to develop housing units.

Kennedy Muguna, Nairobi West Regional Manager at Equity Bank, emphasised the role of group structures in helping riders scale their operations.

“The objective of joining a group is to foster economic advancement in a structured and sustainable manner,” Muguna said. “An operator who starts with one motorcycle can progressively grow to two or three and eventually diversify into other assets such as vehicles. Through partnerships with organised and registered groups, financial institutions are better positioned to extend asset financing efficiently and responsibly.”

Benignas (Nduku) Muema, General Manager for Pamoja Banking at Equity Bank, said collective structures and financial literacy underpin partnerships such as the one with Githurai Bodaboda Welfare Association.

“By joining registered groups, bodaboda operators gain the collective strength required to access facilities at affordable rates,” Muema said. “The financing model allows risk to be shared at the Sacco or group level, which enhances repayment discipline and sustainability. However, before extending credit, we prioritise financial education because knowledge is the foundation of long-term success.”

She emphasised the need to cultivate a savings culture among youth. “Many young riders generate daily income but lack structured systems that compel them to save and invest. Through group-based models, we provide financial literacy training to empower them to plan, save and invest consistently.

"Our clarion call remains clear: save something for tomorrow, whether it is Ksh50, Ksh100 or Ksh200. Consistent saving is the pathway to financial security and wealth creation,” she said.

Muema added that such partnerships enable operators to transition from daily earners to asset owners.

The competition challenged participants to conceptualise and illustrate their vision of future mobility, with entries evaluated across three age categories by an expert panel.

In Category 1 (7 years and below), Joyrene Nduta Ngugi emerged winner with her artwork My Happy Rainbow Car. Shreyasi Mishra topped Category 2 (8–11 years) with The Flying Earth Guardian, while Mel Athiang Bol won Category 3 (12–15 years) with The Golden Egret.

CFAO Mobility Kenya Deputy Managing Director Joshua Anya attributed the record participation to growing interest in creative platforms among young people.

Joshua Anya (DMD, CFAO Mobility Kenya) and Mel Athiang Bol (National Winner, Under-15 Category) during the official prize handover for the Toyota Dream Car Art Contest. Mel’s vision for the future of transport earned her the top spot and a Ksh 50,000 prize

"Two thousand one hundred and fifty-three children sat down and chose to imagine a better world. These children are not just drawing cars but telling us what they believe the future should look like and we at CFAO Mobility Kenya are listening," he stated.

Ferdinand Omanyala, who serves as a Toyota Brand Ambassador, presented special awards and linked the initiative to talent development among youth.

"I know what it feels like to find the thing you were born to do. For some of these children, art is that thing. Platforms like this one can be the moment that changes everything for a young person. I am proud to be part of it," Omanyala stated.

Among special recognitions, four-year-old Hailey Lovi Njenga received the Youngest Participant award for Rainbow Car. Raveena Kaur Matharu of Premier Academy won the Waku Doki Award for My Floral Eco Car, while Premier Academy also secured the School with the Most Entries award.

The Teachers Award for Most Creative Artwork was presented to The Bridge Junior Elementary for Dawn of Her Freedom.

In school rankings, Premier Academy dominated Category 1, taking first and third positions, with Strathmore School placing second. Arya Vedic Academy led Category 2, followed by Premier Academy and Brookhouse Schools. In Category 3, Brookhouse Schools secured first and third positions, while The Bridge Junior Elementary placed second.

Winning schools were presented with dummy cheques during the ceremony, with financial awards set to be disbursed later.

The Toyota Dream Car Art Contest is a global initiative by Toyota Motor Corporation that invites children to envision future cars through art. Winning entries from Kenya will proceed to the global stage to compete for international awards.

Hennessy MyWay is more than a cocktail competition; it is a global storytelling platform. This year’s challenge pushes bartenders to look inward, crafting cocktails that reflect their personal identity and cultural heritage, while looking forward by integrating eco-conscious practices and sustainable ingredients into their creations.

Kenya enters the 2026 season with high expectations and a point to prove. This year’s participants will benefit from the direct mentorship of Billy Kigocha, the Kenyan mixologist who took the world by storm as the 2025 Hennessy MyWay Global Winner.

"Kenya’s vibrant mixology scene is no longer a hidden gem; we are the benchmark," says the Hennessy team. "By opening doors to 25 local bartenders this year, we are providing a bridge between Nairobi’s talent and the global stage in France."

The 2026 challenge will be a rigorous three-tier journey designed to test the limits of creativity and skill. Aspiring participants must submit a video of their signature cocktail via HennessyMyWay.com. Submissions must highlight the bartender’s inspiration and their approach to sustainability. Local entries are due by 26th February.

The top three standout mixologists from the digital phase will advance to the National Finals. Here, they will be tasked with developing a second, more complex cocktail concept. One winner will be crowned Kenya’s Champion, securing a spot in the Global Top 25.

The National Winner will then travel to the heart of Hennessy in France to compete against the world’s best. To claim the ultimate global title, they must present a third and final masterpiece to a panel of international experts.

Billy Kigocha, the 2025 Global Winner, noted, “The world is watching Kenya now. As last year’s global winner, my goal isn't just to see someone win; it’s to see our local talent push the boundaries of what’s possible in sustainable mixology. I’m ready to share everything I learned in France to ensure the title stays right here in Kenya."

Hennessy invites all Kenyan bartenders who embody the spirit of "Never Stop. Never Settle." to step forward and define the future of modern mixology. More details can be found at the competition’s website https://hennessymyway.com/

Cybercriminals are shifting tactics, targeting individuals through weak passwords, outdated software, and poor online security practices. This has left many Kenyans vulnerable to exploitation, with identity theft emerging as a particularly alarming issue.

Fraudsters are taking advantage of gaps in verification systems to steal personal information, leaving victims to deal with financial losses, damaged reputations, and the stress of reclaiming their identities.

#KaaChonjo

Take Justus, for example. One morning, he received a call from a fake bank representative claiming that his national ID had been used to register multiple SIM cards and take out loans he knew nothing about. The caller urged him to share his ID number and other personal details to “resolve the issue” immediately.

Feeling uneasy, Justus remembered Equity Bank’s fraud awareness campaigns that emphasized: “Always verify before you act.” Instead of sharing his details, he hung up and called Equity Bank’s official customer care line at 0763 000 000. The bank’s representative confirmed that the call was a scam, reassured him that his account was secure, and verified that no new loans had been taken out in his name. They also guided him on steps to protect his identity, including reporting the incident to the relevant authorities and safeguarding his personal information.

Thanks to his quick thinking and the bank’s support, Justus avoided becoming a victim of identity theft and ensured his finances remained safe.

How Fraudsters Operate

Unfortunately, not everyone is as prepared as Justus. Fraudsters are constantly devising new ways to exploit unsuspecting individuals. They often use tactics like:

• SIM-swap fraud: Fraudsters gain access to your phone number and use it to intercept sensitive information like OTPs.
• Phishing scams: Fake emails or messages trick victims into revealing personal details that are stolen.
• Data breaches: Stolen personal information is used to access credit facilities or commit other fraudulent activities.

Equity Bank is committed to ensuring the safety of its customers by providing robust security measures and empowering you with the knowledge to stay ahead of fraudsters. Here’s how you can protect yourself and your finances:

• Always verify: If you receive a suspicious message or call, contact Equity Bank’s official customer care line (0763 000 000) for guidance.
• Enable two-factor authentication (2FA): Add an extra layer of security to your accounts.
• Never share sensitive information: Your PIN, OTP, passwords, or account details should remain private. Equity Bank will never ask for this information via phone, text, or email.
• Monitor your accounts: Regularly check your transactions and report any unusual activity immediately.
• Secure your devices: Use strong passwords, enable two-factor authentication, and avoid saving your banking passwords on shared devices.
• Avoid public Wi-Fi: Use mobile data for online banking to prevent fraudsters from intercepting your information.
• Verify communication: Always confirm any communication from banks by contacting official customer service numbers.
• Act quickly: If your card, phone, or SIM is lost, report it immediately to block unauthorized access.

By staying vigilant and following these tips, you can protect your hard-earned money and ensure a safer financial future. Remember, Equity Bank will never ask for your PIN, OTP, or password. If in doubt, always call the official customer care line for assistance.

For more tips on secure banking, visit: Secure Banking Tips | Equity Bank Kenya. 

#KaaChonjo

The funding is part of the lender’s broader sustainability agenda, under which it has pledged to spend Ksh100 million annually on community programmes across the region, targeting education, mentorship, and skills development.

Speaking during the cheque handover ceremony, NCBA Group Chairman James Ndegwa positioned education as central to the institution’s long-term strategy.

“Scaling belief by investing in our youth is not simply a call to action; it is a necessity for our nation’s continued growth and prosperity. Our world is calling out for leaders—leaders with intelligence, yes, but also with compassion, vision, and a fierce dedication to making a difference,” he stated.

The event also saw the bank unveil a new partnership with the Crystal Asige Foundation, founded by Senator Crystal Asige, targeting learners facing multiple vulnerabilities, including disability, chronic illness, and financial hardship.

NCBA Group Managing Director John Gachora, Crystal Asige Founder, Senator Crystal Asige, and NCBA Marketing, Communications, and Citizenship Director Nelly Wainaina, during the NCBA annual cheque handover ceremony.

Under the collaboration, support will be channelled directly to institutions to improve accountability while expanding access for students often excluded from formal education systems.

NCBA Group Managing Director John Gachora emphasised the broader impact of education investment beyond tuition support.

“When we invest in education, we are not just paying fees; we are building resilience and nurturing innovation. We are creating communities that are equipped to solve problems and imagine new possibilities. We are not just a Banking Group; we are an Ubuntu.

"We believe in our customers and partners before the world does. We are building an Ubuntu, a movement of visionaries who know that growth is not just personal, it is shared,” he noted.

The programme targets students facing financial, medical, and social barriers that threaten their ability to remain in school, reinforcing the bank’s position that education access should not be limited by circumstance.

One of the beneficiaries welcomed the support, noting its immediate impact. “This support has lifted a huge burden off my family and allowed me to fully focus on my studies. Knowing that an institution like NCBA believes in my future has given me the confidence to keep going and aim higher,” the student shared.

The ceremony was held at the Museum of Illusions, Nairobi, with the choice of venue reflecting a focus on innovation, critical thinking, and expanding the reach of education-focused initiatives through partnerships.

For many households, insurance feels distant or unnecessary. It is seen as something you think about later. But the truth is that life doesn’t wait.

Take a farmer who depends on livestock for daily income. Suddenly, a prolonged drought, flash floods, or a disease outbreak wipes out this key source of income, leaving the family financially vulnerable.

Or think of the small shop owner who has worked for years to stock their shelves and build a steady clientele. One night, a short circuit causes a fire that destroys part of the store and stock. Recovery means expensive replacement costs and days without income.

A break-in leaves a family without critical household items they need for day-to-day use. These are not distant possibilities; they happen every year; they are not just interruptions. They can derail the best laid financial plans and push families into debt or hardship. 

This year, as you set your financial goals, it’s worth asking: What would happen to my plan if the unexpected struck today?

Equity makes insurance accessible and relevant for everyday Kenyans by integrating insurance solutions into everyday banking. Make insurance part of your overall financial plan and protect yourself against common risks that can wipe out progress.

General insurance covers assets and risks many of us face daily, from motor vehicles and household items to fire, drought, flash floods, theft, burglary, and public liability. With the right cover, the farmer can be compensated for livestock lost to drought, floods, or disease outbreaks. The shop owner can recover lost stock without losing months of hard work. Families can replace essential household items lost to burglary without diverting money from school fees or other planned expenses.

Equity’s branch network and Relationship Managers are on hand to guide you through understanding what cover you need, how it works, and how it aligns with your financial goals. They help you choose protection that fits your needs and your budget, so you are prepared before risks turn into losses.

Including insurance in your financial plan does not mean expecting the worst. It means being prepared and protecting the progress you have worked hard to achieve. It means knowing that a single accident, fire, theft, or damage will not erase months or years of effort.

This year, consider Equity Insurance as part of your financial plan. Protect what you have and protect what you are building for the future.

Visit any Equity branch near you or learn more here:  Insure with Equity | Equity Bank Kenya

Mara De Junction was transformed into an immersive celebration, culminating the tour's mission to muck up the usual and deliver unforgettable experiences directly to consumers. The Muckarena significantly exceeded expectations, setting a new benchmark for brand engagement and live entertainment.

The atmosphere in Bomet was electric, a testament to the community's enthusiasm of Captain Morgan Muckpit. Attendees arrived ready to embody the brand's call to embrace individuality, showcasing vibrant fashion and infectious energy that permeated every aspect of the night. This final stop perfectly encapsulated the tour's success in fostering genuine connection and excitement around the brand.

"Bomet personified the very essence of the Muckarena. The unparalleled energy and the vibrant crowd participation validated our entire tour strategy, to create authentic, bold experiences that resonate deeply with our consumers,” stated Kanyi, Captain Morgan Muckpit Brand Manager.

Muckarena in Bomet.

The night's entertainment was a powerhouse of Kenyan talent. Hit maker Iyanii and the sensational Fathermore had the crowd fully engaged, singing along to every beat. The dynamic sonic landscape was expertly curated by an elite team of DJs -Deewiz, Daffy, Mostwanted, and Mark B ensuring a seamless flow of music. Keeping the energy perpetually elevated were the charismatic hosts, MC Gogo and Emcee Blanc.

Beyond the captivating music, guests savoured signature Muckpit Melon Splash cocktails. Interactive zones, including Muckarena games and photo stations, drove deep consumer engagement, generated lasting brand memories.

The Captain Morgan Muckpit Muckarena Tour has successfully travelled across Kenya, from Juja and Meru to Kisumu and Mombasa, and Bomet. Each stop has reinforced the brand's commitment to delivering bold flavours and unparalleled entertainment, forging strong connections with consumers and proving that embracing individuality leads to truly unforgettable moments. 

Tumekumuck! See you in the next Muckarena!

The shift to clean cooking has eliminated thick smoke that previously filled the institution’s kitchen and nearby classrooms, exposing cooks and students to respiratory risks. Beyond health benefits, the migration is expected to ease pressure on forests in the semi-arid county, where institutions remain among the biggest consumers of fuelwood.

The clean cooking system, comprising a one-tonne LPG bulk cylinder and related accessories, was installed at Ksh3.5 million, financed by Equity Bank through Equity Group Foundation, in partnership with Heatmax Energy. The facility now serves more than 3,300 trainees and staff at the institution.

Speaking during the commissioning of the facility, the Principal Secretary for Technical and Vocational Education and Training (TVETs), Esther Muoria, said the continued use of fuelwood in learning institutions undermines national climate goals by accelerating deforestation and increasing carbon emissions.

The PS said that while awareness about clean energy exists, adoption has been slower because institutions often fail to explain why change is necessary. Her remarks were delivered by Anne Kamonjo, Director of Greening TVETs at the State Department, who represented her at the event.

“If people are not shown the reason for adopting a new way of doing things, transformation of mindset becomes slow,” Muoria said in the statement.

“Wote TTI is setting the pace by demonstrating that LPG is cleaner, healthier, and environmentally sustainable. When young people see this in practice, they carry that knowledge home and into the wider community.”

She noted that embedding clean cooking solutions in learning institutions offers a powerful pathway for climate action, given the scale of Kenya’s education sector.

“We cannot be telling students to plant trees while at the same time cutting millions of trees in our institutions without offering alternatives,” the PS said. “That contradiction weakens climate education.”

Kenya has over 23,000 secondary schools, 45,000 primary schools, and about 250 TVET institutions.  According to the State Department, learning institutions alone consume an estimated 10 million trees annually for cooking fuel, even as the country pushes a national target of planting 15 billion trees to restore forest cover.

The project was launched following a courtesy call by the Equity team on Makueni Governor Mutula Kilonzo Jnr, who said the initiative positions Wote TTI as a climate leadership hub in the county.

“Wote Institute is a trailblazer in skills training, and there is no doubt other TVETs will emulate this transition to clean cooking,” the Governor said. “This will allow our trees to grow and improve forest cover in the county.”

Equity Associate Director for Energy, Environment and Climate Change, Dr Julius Kamau, said the initiative is part of a wider effort by Equity Group Foundation to advance sustainable development and climate resilience.

“To date, 214 institutions have transitioned to clean cooking solutions, while more than 1,856 have expressed interest,” said Dr Kamau, who is also the acting Equity Group Director of Sustainability.

“Clean energy adoption is critical not only for environmental conservation but also for improved health and long-term economic sustainability.”

Wote TTI Board of Governors chair Prof. Joseph Mwinzi said the facility positions the institution as a centre of excellence in environmentally responsible training.

“This exposure to modern energy systems and improved safety standards opens doors for employment and entrepreneurship in the growing clean energy sector,” he said, urging students to become ambassadors for climate-conscious practices.

College Principal Joshua Munyoki said the transition marks the end of decades of reliance on firewood, which saw the institution consume two lorry loads every month. “This is the most significant development we have had in over ten years,” he said. “Apart from environmental gains, it will lower costs and improve efficiency.”

Anne Manyatta, an ICT student and Vice-Chairperson of the Wote TTI Students Council, welcomed the shift to gas cooking, saying it had eliminated smoky meals and dining halls while improving time management. Plumbing student John Omolo noted that the gas ensures meals are prepared on time, tastes better, and has inspired him to promote clean cooking at home, where his family still uses firewood.

Present at the commissioning were principals from other institutions in Makueni County, many of whom said the project had strengthened the case for adopting clean energy in schools as part of Kenya’s broader climate response.

To participate in any IPO, you need a Central Depository & Settlement (CDS) account. This account is your gateway to the NSE, enabling you to buy, hold, and trade shares in listed companies. Equity Bank is here to make your investment journey simple and accessible, empowering you to confidently take advantage of IPO opportunities as they arise.

Why Open a CDS Account with Equity?

The Nairobi Securities Exchange (NSE) has been on a remarkable growth trajectory, with the Nairobi All Share Index (NASI) surging by an impressive 51% in 2025, closing the year at 186.58 points. By opening a CDS account, you not only gain access to the floated IPOs but also position yourself to benefit from Kenya’s thriving capital markets.

Equity is committed to ensuring that every Kenyan can take full advantage of IPOs. Setting up your CDS Account early is crucial to avoid last-minute rushes and administrative hurdles. Our nationwide network of branches and dedicated Relationship Managers are ready to guide you through the process, ensuring you’re fully prepared to invest.

Your Gateway to Long-Term Investment Opportunities

An Equity CDS Account is more than just a requirement for the IPOs - it’s your entry point to Kenya’s vibrant capital markets. With this account, you can:

• Buy and manage listed securities: Build a diversified portfolio and track your investments with ease.
• Access expert guidance: Our Relationship Managers provide personalized advice to help you align your investments with your financial goals.
• Enjoy long-term financial growth: Take advantage of future IPOs and market opportunities as they arise.

Flexible Credit Solutions for Investors

Equity goes beyond account opening by offering investment-related credit solutions. For eligible customers, we provide tailored financing options to help you participate in IPOs without straining your cash flow. This ensures you can seize this opportunity while maintaining financial stability.

Personalized Support at Your Nearest Equity Branch

Equity’s branch-based approach ensures that every customer receives personalized, professional support. Whether you’re a seasoned investor or a first timer, our Relationship Managers will walk you through the process step by step, helping you understand the requirements, complete the necessary documentation, and make informed investment decisions.

Don’t let administrative delays keep you from participating in historic investments. Visit your nearest Equity Bank branch today to open your CDS Account and secure your place in Kenya’s economic future.

As the fourth stop on the nationwide Muckpit tour, the Mombasa edition proved one thing loud and clear, the Coast does it differently, and it does it best.

From golden-hour grooves to late-night beach rhythms, the energy never dipped. Iyanii had the crowd on lock, with fans singing along word-for-word to favourites like Donjo Maber, while Tipsy Gee kept hands in the air and voices loud with crowd-pleasers such as Takinataki and Tiktoker.

The soundtrack was kept flowing by DJ Deewiz, DJ Grauchi, and DJ Prince, who delivered seamless sets that carried the party well into the night. Holding it all together was Mombasa’s favourite hype man, MC Chapatizo, whose effortless crowd control kept the vibes sky-high from start to finish.

The Muckbar in Mombasa with the cocktail master

Beyond the music, the Captain Morgan Muckpit experience came fully loaded. Guests lined up for signature Captain Morgan cocktails, with the refreshing Muckpit Melon Splash quickly crowned the drink of the night.

Across the venue, immersive consumer experiences, including the Muckarena Bowling Alley, the vibrant Muck Bar, and the eye-catching Toucan Photo Stage, created playful moments that kept guests exploring, competing, snapping, and connecting all night long.

Speaking after the event, Captain Morgan Brand Manager Victor shared his excitement: “Mombasa gave us exactly what the Muckpit Party is about, authentic coastal vibes, incredible music, and people who know how to enjoy the moment. Watching fans interact with the brand, enjoy our cocktails, and truly make the experience their own is what makes this tour so special.”

With the ocean breeze in the air and music rolling through the night, Big Tree Beach Resort transformed into a vibrant playground of music, flavour, and adventure, once again proving that the Captain Morgan Muckpit Muckarena is an experience worth showing up for.

As the nationwide tour sails on to Bomet, Mombasa leaves behind unforgettable memories and sets the bar high for what a true Muckpit Party should feel like.

The certifications, awarded by the British Standards Institution (BSI), cover ISO/IEC 27001 for Information Security Management Systems and ISO/IEC 27701 for Privacy Information Management Systems. NCBA is now the first bank in East and Central Africa to attain ISO/IEC 27701, which focuses specifically on data privacy.

The bank argues the certifications strengthen safeguards around sensitive customer, employee, and third-party data, while aligning its systems with international best practice and local regulations, including the Kenya Data Protection Act and Uganda’s Data Protection and Privacy Act.

Isaac Owilla, NCBA Group Director for Technology and Operations, described the achievement as part of a longer compliance journey rather than an endpoint.

NCBA Group Director Technology & Operations, Isaac Owilla, during the NCBA ISO Certification awarding ceremony. /PHOTO

“Attaining these dual ISO certifications is a significant milestone in our continuous journey to strengthen information security within our operations.

"Our customers can be assured that we uphold the highest standards in security, service management, and regulatory compliance. We realize that compliance is not a destination, and we remain committed to providing services that are secure, efficient, and high-quality to our customers,” Owilla remarked.

The certification drive has been fuelled by NCBA’s expanding digital footprint, cross-border presence, and increased dependence on technology and third-party service providers.

The first phase covered Kenya and Uganda, with Kenya prioritised due to its role in handling about 80 per cent of the group’s information security and technology functions.

Phase two is expected to extend the certifications to Loop DFS, Tanzania, and Rwanda, building on governance frameworks and controls established in the initial rollout.

ISO/IEC 27001 sets out a risk-based framework for protecting the confidentiality, integrity, and availability of information, while ISO/IEC 27701 adds stricter controls around the management of personally identifiable information.

Owilla maintained the focus now shifts to internal capacity and culture. “NCBA is committed to maintaining high standards by ensuring its staff are well-trained in compliance and best practices, encouraging active participation in system improvements, and fostering a culture of continuous enhancement,” he noted.

With data protection under growing scrutiny across the region, the certifications land at a time when banks are under pressure to prove they can secure customer information while scaling digital services.

The launch event, held in Nairobi, brought together boda boda riders, safety partners, local officials, media, and crypto community members. At the center of the activation was the distribution of safety helmets and reflective gear to boda boda riders, paired with practical education on helmet use and road safety. The initiative draws a direct parallel between the protective role of helmets on Kenya’s roads, and the safeguards Binance puts in place to protect users’ funds and data online. 

Wearing a helmet is a simple yet powerful way to protect yourself on the road. In the same way, Binance’s secure platform empowers individuals to take control of their financial future with confidence and freedom,” said Saruni Maina, Regional Operations Lead, Binance Africa. “We want every Kenyan to feel safe, whether they are navigating Nairobi’s streets or exploring the digital financial world. Security isn’t optional; it’s the foundation of opportunity.”

Safety remains a daily concern for millions of Kenyans, particularly for boda boda riders who navigate busy streets to earn a living. In the same way, riders depend on protective gear to reduce risk. Binance applies advanced security measures such as encryption, multi-factor authentication, withdrawal controls, and continuous monitoring to protect users’ digital assets and personal information. 

The campaign’s messaging reinforced this connection through everyday moments such as charging a phone fully before leaving the house, double-checking a matatu fare, or confirming an early morning alarm.

Binance Champions Crypto Security Through the Safety Campaign in Kenya

For riders on the ground, the campaign resonated both practically and symbolically. Calvince Okumu, President of Digital Boda Drivers and Deliveries Association of Kenya, said the helmet distribution addressed a real and immediate need and speaks directly to the company’s mission around safety and sanity.

“A helmet can save your life, but many riders cannot afford proper gear. Today’s event shows that our safety matters, and it reminds us that protecting ourselves online is just as important. Binance has taken a thoughtful approach, showing care for both our physical and financial well-being.”

He added that the campaign introduced riders to the concept of safeguarding digital income and assets:

“Just as we rely on helmets to reduce risks on the road, we need tools to protect our earnings in the digital space. This initiative brings that message home in a way that makes sense to our community.”

Saruni Maina, Regional Operations Lead at Binance Africa added further perspective on Binance’s approach to user protection:

“Trust is the foundation of crypto adoption. We don’t just provide technology; we educate and engage communities so that users feel confident navigating the digital economy.”

“Our goal is to ensure that whether you are a first-time crypto user or an experienced trader, you have the knowledge and tools to keep your assets safe. Just like a helmet, security measures must be in place before you face risk.”

Through educational videos, localised social media content, influencer partnerships and community engagement, Binance empowers users with knowledge and tools to trade confidently and securely. 

By linking everyday safety habits with digital financial protection, Binance’s Safety campaign highlights a clear message: safety and security are not optional. Whether on the road or online, being prepared, informed, and protected makes all the difference. 

The campaign will continue across digital platforms through social media engagement, influencer content, and post-event highlights, including videos and photo galleries, as Binance deepens its commitment to building a safer and more inclusive crypto ecosystem in Africa.

The graduation ceremony, held as part of Equity Bank's enhanced Fanikisha initiative, marked a significant step in empowering local women with vital business acumen.

The graduates, who completed the Equity Group Foundation’s Financial Literacy and Entrepreneurship training, received instruction in essential skills, including budgeting, debt management, understanding banking products, and digital literacy.

This training is designed to equip them with the knowledge needed to make informed financial decisions, manage their enterprises more effectively, and unlock further growth opportunities.

Kwale County Governor Fatuma Achani lauded Equity Bank's commitment to women's empowerment during the recent Fanikisha Regional Customer Event in the county.

“The support goes beyond just financing; it empowers women with business and investment mentorship. This is key to sustaining families and creating employment in Kwale,” Governor Achani stated, emphasizing the ripple effect of such programs on the community.

Moses Nyabanda, Managing Director of Equity Bank Kenya, underscored the strategic importance of financial education for entrepreneurs.

 “Fanikisha is not just about lending; it’s about offering a structured, tiered pathway that provides women entrepreneurs with the tools to succeed, including mentorship, financial literacy, and business management training,” Nyabanda remarked.

The financial literacy training is a cornerstone of Fanikisha, Equity's comprehensive ecosystem designed to dismantle historical barriers faced by women entrepreneurs, such as limited access to finance, business networks, and market opportunities.

Since its inception in 2007 in partnership with the United Nations Development Programme (UNDP), Fanikisha has trained over 2.5 million women across Kenya and disbursed over Kshs 565 billion to support women-led enterprises.

Dr. Silpah Owich, Head of Women and Youth Banking at Equity Bank Kenya, reiterated the holistic nature of the program.

“Fanikisha is a comprehensive platform, and it offers more than just access to capital. It’s a gateway to business training, mentorship, and a supportive community that helps women succeed,” Dr. Owich added.

The newly minted graduates are poised to leverage their enhanced skills to overcome common challenges, similar to success stories from other Fanikisha beneficiaries.

 Entrepreneurs like Susana Musomba, a free-range chicken trader, and Beth Wanjiku, a school uniform distributor, have previously attested to the program’s positive impact in overcoming hurdles such as limited access to affordable credit and working capital.

Equity bank’s Africa Recovery and Resilience Plan aim to support 100 million customers by 2030.

The focus remains on empowering women-led businesses across the continent to not only survive but thrive in an increasingly competitive economic landscape.

Imagine: It is the start of the month, and Mary, a SACCO member, is in a familiar bind. She is rushing to the bank to deposit her monthly savings, only to realize she is late and may face penalties, which could strain her budget due to extra charges. Across town, John, a tenant, is scrambling to transfer his rent before his landlord starts calling. Meanwhile, Susan, a parent, is juggling school fees payments in instalments, unsure if she can keep up.

These stories reflect the struggles of many Kenyans. But what if there was a way to take the hassle out of these financial obligations?

What if you could avoid the stress of remembering payment deadlines, late payments, and the inconvenience of endless queues? That is where a standing order comes in, a simple yet powerful tool that is transforming how we manage our money.

What is a Standing Order?

Think of a standing order as your personal financial assistant; it is there to make your life easier. It is an instruction you give to your bank, for instance, Equity Bank, to automatically transfer a set amount of money from your account to another account at regular intervals, be it weekly, monthly, or quarterly. It is the ultimate “set it and forget it” solution for managing your financial commitments.

Why Standing Orders Matter

Whether you are an individual with a single or joint account, a SACCO member, or a small business owner managing recurring expenses, a standing order offers a convenient way to ensure your payments are always on time.

Unlike manual processes, which are not only inconvenient but also costly, standing orders save time, reduce stress, and eliminate the risk of penalties for missed payments. For SACCOs and banks, automating transactions reduces operational strain, shortens queues, and cuts down on paperwork.

For instance, Mary can automate her SACCO contributions, ensuring she stays on track with her savings goals John can avoid the embarrassment of late rent payments, and Susan can rest easy knowing her children’s school fees are taken care of. As a borrower, you can also maintain a good credit record by automating your loan repayment, ensuring no delays harm your credit score.

How to Set Up a Standing Order

Setting up a standing order at Equity Bank is simple and convenient. Use the Equity Mobile App or Equity for Individuals, click transact and select Schedule payment. Here is what you will need:

• Payment details: Your account number and the beneficiary’s bank and account details.
• Frequency: Decide how often payments should be made, weekly, monthly, or quarterly.
• Start date: Choose when the automatic deductions should begin.
• Amount: Specify the amount to be deducted each time.
• Beneficiary account: Provide the account where the money will be disbursed.

Once you have entered these details, you are good to go.

The Bigger Picture: Financial Discipline Made Easy

A standing order is more than just a feature; it is a financial habit enabler. It instils discipline by ensuring your savings and payments are consistent. It provides peace of mind by taking the stress out of managing recurring obligations. And it offers convenience by reducing the need for branch visits and paperwork.

Imagine a life where your SACCO contributions, rent, school fees, and loan repayments are all handled automatically, no more stress, no more missed deadlines. Just financial freedom and control.

With Equity, you can automate your payments at the click of a button and focus on what truly matters. Take control of your finances today and enjoy the freedom and peace of mind that comes with automated payments.

To download the Equity Mobile App, click: https://equitygroupholdings.com/ke/download-equity-mobile-app/

For queries and support, call us or send a WhatsApp chat on 0763 000 000

It is the safety net that protects everything else: your income, your dependents, and the goals you have set as a family.

Without life assurance, a single emergency can undo years of progress. An unexpected illness, the loss of a breadwinner, or a sudden disruption in income can drain savings, force the sale of assets, or plunge families into debt.

With community contributions, medical fundraisers, and burial costs becoming a routine in societies, the emotional and financial toll is evidently devastating to many people.

Life assurance provides a cushion. It ensures dependants remain financially stable even when income is interrupted. It covers immediate needs, preserves dignity, and protects long-term plans such as education or home ownership.

Life Assurance protects education by guaranteeing that school fees continue to be paid even if the parent or breadwinner passes away, ensuring children’s learning is never interrupted.

It also safeguards home ownership by covering outstanding mortgages or home loans, thus preventing families from losing their homes during sudden financial disruptions.

Unlike traditional savings, which can be depleted quickly, life assurance provides a structured payout when it matters most.

Many families also rely on life assurance as a disciplined way to build long-term savings. Certain policies combine protection with a savings element, allowing households to plan milestone events, children’s education, emergencies, or retirement, while enjoying the security of insurance cover.

Equity Insurance has focused on offering life solutions that are simple to understand, accessible to everyday families, and aligned to real financial needs.

What Equity Insurance offers in Life Assurance

Equity has positioned itself around four key life assurance pillars that reflect what Kenyan families ask for.

1. Family Protection Covers

These ensure that dependants are financially secure in the event of the death or permanent disability of the breadwinner. Benefits typically cover living expenses, education needs, and other critical family obligations.

2. Education policies

These allow parents and guardians to save consistently for a child’s future while remaining protected. Should anything happen to the parent, the insurer continues paying premiums, ensuring the child’s education plan is uninterrupted.

3. Credit life cover

This protects borrowers by ensuring that loans are automatically settled if the insured person passes away or becomes permanently disabled. It prevents families from inheriting debt.

4. Investment-linked life policies

These combine insurance protection with a savings or investment component, helping customers grow wealth over time while staying protected against risks.

Across these options, Equity also offers flexible premium payment plans. Instead of paying a full year upfront, customers can spread payments over manageable instalments, a major advantage for salaried workers and small business owners juggling multiple financial commitments.

Dedicated bancassurance officers in Equity branches further assist customers in choosing the right type of cover, explaining benefits, clearing misconceptions, and ensuring that policies match each customer’s income level and goals.

As the cost of living rises and financial uncertainties increase, say life assurance is no longer optional. It is the foundation of responsible financial planning. It safeguards progress, preserves dignity, and ensures that one emergency doesn’t erase years of effort.

Life assurance is not for later; it is for now. With accessible products and flexible payment structures, you can take the first step towards securing financial future today and protect the plans you are working so hard to build.

This trial-and-error approach not only wastes your time as a businessperson and resources but also leaves you frustrated with tools that fail to address your core challenges.

Let us agree. For Kenya’s SMEs, digital banking is more than a convenience; it is a catalyst for growth. By simplifying financial operations and providing the tools needed to scale, these platforms empower businesses to focus on what truly matters: creating value, expanding their reach, and driving economic progress.

Picture this: As a business owner, you start your day juggling multiple tasks and multiple platforms, from processing supplier payments, managing cash flow, ensuring payroll is ready and smooth operations across multiple teams or locations to responding to customer inquiries. By mid-morning, you are already behind schedule, caught up in a maze of manual processes and financial bottlenecks. For many small and medium-sized enterprises (SMEs) in Kenya, this is the daily reality.

The Growing Pains of Success

Data from the Kenya Association of Manufacturers (KAM) shows that over 60 percent of SMEs face significant cash flow challenges due to delayed payments. The lack of access to real-time financial data also leaves many business owners making decisions based on incomplete or outdated information, further hindering growth.

Building a Foundation for Growth

For SMEs, growth is thus sustainable when built on a strong financial foundation. Digital banking platforms provide these capabilities by:

• Automating repetitive tasks like payroll and supplier payments
• Providing real-time insights into cash flow and financial health
• Offering flexibility to manage accounts anytime, anywhere

Take, for example, the rise of cross-border trade under the African Continental Free Trade Area (AfCFTA). SMEs engaging in regional trade need banking solutions that facilitate international transactions seamlessly. Digital platforms make it easier to process payments in multiple currencies, enabling businesses to expand their reach across borders.

Equity Online for Business

Among the digital platforms transforming SME operations in Kenya, Equity’s online banking solution for business, Equity Online for Business (formerly EazzyBiz), stands out as a tailored solution that addresses these challenges head-on. By automating processes, integrating with existing systems, and offering real-time data, it helps you to overcome the operational hurdles that come with growth. Features like bulk payments, cash flow management tools, and international transaction capabilities make it a valuable resource for SMEs looking to scale.

Beyond operational efficiency, Equity Online for Business empowers SMEs to make smarter financial decisions. By providing access to real-time insights and detailed analytics, these tools allow you to monitor cash flow trends, identify growth opportunities, and mitigate risks before they escalate. Additionally, the ability to integrate seamlessly with other financial systems ensures that you can scale without overhauling your existing processes, making it a cost-effective and future-proof solution.

While digital banking solutions like Equity Online for Business are transforming how SMEs operate, the broader shift toward digital financial services signals a significant change in Kenya’s business landscape. SMEs that adopt these tools are better positioned to compete in an increasingly interconnected world.

Visit  https://equitygroupholdings.com/ke/equity-business/ to get started. 

Since its launch, ‘Chromoka’ has been delivering on its promise to reward consumers, transforming everyday participation into headline-making victories. What started as a campaign has become a nationwide celebration, with eight new millionaires crowned across the country, a clear testament to ‘Chromoka’s growing excitement and reach.

The winners so far include Edwin Miano and Duncan Shumila from the Nairobi region, Ian Njagi and Abraham Limo from the Rift region, Sylvester Opiyo from the Coast region, Morris Kimanthi from the Eastern region, Mary Ndenya from the Western region, and Amos Juma drawn from the Nyanza region.

Each win represents a moment of triumph, possibility, and reward, reinforcing ‘Chromoka’ as a campaign where participation truly pays off and excitement cuts across every region.

Ian Njagah Ndung’u receives his KSh 1 million dummy cheque from Zipporrah Ndung’u, Senior Brand Manager – Chrome

Speaking on the campaign’s journey so far, Zipporah Ndung’u, Senior Brand Manager, Chrome, noted, “Chromoka has been an incredibly exciting journey for us as a brand. The level of participation has been phenomenal, and seeing consumers win in such a big way across different regions has been truly rewarding. As we head into the final lap, we’re proud of how far the campaign has come and eager to see even more consumers join in and take their shot at becoming our next millionaire.”

With the campaign now in its final phase, we urge our consumers to seize the moment. All it takes is scratching the label, sending the unique alphanumeric code to 22110, and standing a chance to become the next ‘Chromoka’ millionaire.

With winners already spread across multiple regions, Chromoka continues to prove that anyone, anywhere, can win. Drink responsibly.

And then there’s the drama. Children are frantically looking for missing socks, school fees somehow feel like a mortgage, and suddenly, your youngest must have a new bag because “everyone else does.”

Add the challenge of managing pocket money for a child stepping into a new world of independence, and it’s easy to see why many parents feel the pressure. From “I lost my money” to “I need more, Mum,” pocket money stories are all too familiar.

You can avoid the stress. This year, say goodbye to cash hassles, lost pocket money, and awkward calls from school asking for transport fare. An Equity Bank Prepaid Card for students offers a smarter, safer solution.

For parents of new students, managing pocket money can be especially tricky. It’s their first time away from home, and excuses often come thick and fast: “I lost it,” “Someone took it,” or “I spent it by mistake.”

The same applies to older students too. We’ve all heard stories like, “I washed my wallet in my trousers.” With a prepaid card, your child can pay for lunch, transport, or school supplies without the risk of losing cash. It’s secure, convenient, and eliminates excuses altogether.

The prepaid card offers unmatched convenience. From buying books at the school store to grabbing a snack at the canteen, they simply swipe, tap, or insert the card. No more last-minute ATM runs or scrambling for loose change.

The Equity Prepaid Card is more than a payment tool - it’s a practical way to teach financial discipline. You load a set amount, and your child learns how to budget and prioritize spending. If they spend everything on snacks by midweek, it becomes a valuable lesson in planning ahead.

Benefits of the Equity Prepaid Card

Easy to Load: Top up instantly via the Equity Mobile App, online banking, USSD *247#, Equitel, M-Pesa, or by visiting an Equity Bank branch or agent near you.

Monitor Spending: Track how your child uses the card and address any unusual spending habits early.

Set Spending Limits: You control how much is available, giving your child independence with built-in boundaries.

Let’s face it - kids love anything that makes them feel grown-up. Paying with a prepaid card is sleek, modern, and definitely “cool.” They enjoy the independence, while you enjoy peace of mind.

For parents, the Equity Prepaid Card makes transactions in school smooth and stress-free. For others, it’s an easy way to simplify the back-to-school season while teaching children the value of money.

Back-to-school is now stress-free with the Equity Prepaid Card for students - no lost pocket money and no endless calls asking for transport fare. The card is available to both Equity Bank account holders and non-account holders.

Visit our website, click on Equity Prepaid Cards, visit your nearest Equity Bank branch, or call 0763 000 000 to get started.

The collaboration focuses on providing farmers with New Holland tractors and associated implements, with financing solutions designed to remove traditional barriers to modernisation. Under the programme, NCBA is offering up to 95% financing on tractors, support for up to two farm implements, and access to Ksh 500,000 in post-purchase working capital for business customers.

The bank is also introducing repayment options aligned with farming realities, including a repayment period of up to 60 months, seasonal repayment flexibility, and a 60-day grace period before the first instalment. In addition, the programme incorporates blended financing through partnerships with development finance institutions and NGOs to make credit more affordable and sustainable.

Marion Gathoga - Managing Director, Inchcape Kenya and Lennox Mugambi - Group Director Asset Finance and Business Solutions, NCBA, during the NCBA - Inchcape Tractors, Asset Finance Partnership Signing on January 13, 2026. 

Speaking at the launch, Lennox Mugambi, Group Director of NCBA Asset Finance and Business Solutions, said: "Today is about more than machinery; it is about empowering farmers to expand their acreage and strengthen their livelihoods. By matching repayment schedules to the realities of farming and offering up to 95% financing, we are removing the barriers that have historically held back the sector."

The Managing Director of Inchcape added: "We are thrilled to work with NCBA to help Kenyan farmers access world-class tractors. Inchcape’s extensive dealer network in Nakuru, Nairobi, Eldoret, and Kisumu, soon expanding to Mombasa, Nanyuki, and Meru, ensures farmers get the most value and long-term reliability from their investment."

All tractors financed under the programme are protected through NCBA Bancassurance Intermediary Limited, giving farmers added security throughout the life of the asset. Interested farmers, cooperatives, and agribusinesses can reach out to NCBA branches, relationship managers, or authorised Inchcape dealers to participate.

Fraudsters, unfortunately, see this busy season as a prime opportunity. Here’s how to stay one step ahead.

The Modern Scammer’s Playbook: What to Watch For

Today’s scams are more than just suspicious links. Criminals now use AI to clone voices for urgent-sounding pleas, create fake delivery notifications for packages that don’t exist, and design tempting travel deals that lead to malicious sites. Their goal is always the same: to create a sense of panic that makes you act before you think.

A common trick is “quishing,” where fraudsters place a fake QR code sticker over a real one at a shop counter. You scan, pay, and only later realize the money went to a thief. These scams work by rushing you.

Your Digital Fortress: Simple Habits for Strong Security

A core defence is to always pause and verify. If you get an urgent request for money, even if it sounds like a loved one, call them back on the number you have saved. When you pay a merchant, take a moment to confirm that the name displayed on your screen matches the business you’re paying. This simple habit is one of your strongest shields.

Next, secure your connection. We all love free Wi-Fi, but public networks at cafes, malls, and airports are not safe for banking. Criminals on the same network can potentially "eavesdrop" on your activity and steal sensitive information. For any financial transaction, always switch to your own mobile data or use a trusted, password-protected network like your home or office Wi-Fi.

Your account's security also depends on the device in your hand. Keep your phone and banking apps updated to get the latest security features, and always use a PIN or biometrics to lock both your device and the Equity Mobile App. For added safety, only download financial apps from official sources like the Google Play Store and Apple App Store, never from links sent to you.

Finally, think of your account access as a lock with two keys. Your password is the first, and the One-Time Password (OTP) sent to your phone is the second. Never share your OTP with anyone, for any reason. It is the final key that grants access.

Staying Safe in the Physical World: ATMs and Cards

Your vigilance is just as important offline. When using an ATM, your personal safety is paramount.

• Enter Alone: Make it a rule to enter the ATM lobby by yourself. If someone is inside who makes you uncomfortable, wait for them to leave.
• Decline "Help": Politely refuse any assistance from strangers, even if they seem well-intentioned. Fraudsters often pose as helpful bystanders to learn your PIN or swap your card.
• Stay Alert: Be aware of your surroundings inside the ATM. Shield the keypad with your hand as you enter your PIN. If you feel you are being watched or something seems suspicious, cancel your transaction, leave immediately, and alert the security guard on duty.

When paying with your card, prefer to tap or insert the chip rather than swiping. This technology provides better encryption and security.

Your Bank's Role in Your Security

Financial institutions are increasingly taking proactive steps to help customers protect themselves. A key part of this is establishing clear and secure communication channels. For example, Equity Bank has designated a single official number for outbound calls - 0763 000 000, to help customers distinguish legitimate communication from scams. They also consistently remind the public that the bank will never ask for sensitive credentials like your PIN, password, CVV, or One-Time Password (OTP). Furthermore, customers can report suspicious numbers using the free-to-use SMS line (333) and help create a safer ecosystem for everyone.

Enjoy the confidence that comes with being prepared. A calm, deliberate approach to your transactions is the best gift you can give yourself this season.

#KaaChonjo

Getting ready for school has never been simpler. Equity Bank is placing its bank agents at the centre of the solution, helping parents pay, shop, and manage finances with ease.

By offering quick solutions for fee payments and mobile money transactions, the over 42,000 accredited Equity Bank agents, located in retail outlets, corporate offices, malls, postal outlets, and other convenient locations across the country, are turning a logistical headache into a smooth, stress-free process.

Instead of battling long queues at schools or struggling with last-minute payments, you can now rely on agents for a faster and more convenient way to handle these tasks and to lipa bills bila presha.

Pay Fees Through Equity Agents

Customers can conveniently pay school fees through banking agents and will be issued a receipt, which can be submitted to the school as confirmation of payment.

For customers who prefer assisted service, Equity Agents help guide the payment process using Equity’s approved channels, including:

1. *247#
2. Equity Mobile App
3. Equitel

By providing assisted access to these platforms, agents ensure school fees payments are completed accurately and on time, helping customers avoid delays during the busy back-to-school period.

Manage Cash and Deposits Near You

Equity Agents provide customers with convenient access to cash withdrawals and deposits within their neighbourhoods, making it easier to manage day-to-day back-to-school expenses. Parents and guardians can withdraw money for uniforms, books, and other school supplies, or deposit funds in preparation for school fees payments.

By transacting with an Equity Agent nearby, customers avoid long travel distances and queues at banking halls, allowing them to save time and handle school-related financial needs quickly and efficiently during the busy back-to-school period.

Complete Payments Even When Funds Are Low

Back-to-school expenses can be demanding. Customers who need flexibility can access financial solutions through Equity’s digital channels. Equity Agents help customers understand these options and help them complete transactions smoothly.

Bank agents can guide customers on how to:

1. Apply for loans of up to KSh 3 million via *247#, Equity Mobile App or Equitel
2. Complete transactions using Boostika prompts when paying through *247#, Equity Mobile App or Equitel. Don’t share your PIN with anyone, including the agent!

Enjoy Fast Service closer to home, even beyond working hours

Equity Agents are located within communities, making banking services more accessible during the busy back-to-school season.

Whether you are paying school fees, depositing money, or withdrawing cash, agents provide a simple and reliable way to manage your finances close to home.

Visit an Equity Agent near you and enjoy Back to School Bila Pressure. Remember, your PIN is your secret; don’t share it with anyone.

For assistance, contact Equity on 0763 000 000.

Go Cash-Lite for Convenience and Safety

Carrying less cash is increasingly seen as both a safety and convenience choice. Digital payment options now allow people to pay for daily purchases, settle bills, and send money to friends or family quickly and securely. Mobile banking apps such as the Equity Mobile App and card payments reduce the need to move around with large amounts of cash, making transactions easier and safer, especially in busy urban areas.

Take Control of Your Finances, Anytime

Mobile and online banking platforms have also made it possible for customers to manage their finances wherever they are. From paying bills and transferring funds to checking balances, these tools offer flexibility and control without the need to queue at banking halls or ATMs. For many users, this convenience translates into fewer physical transactions and lower exposure to risk.

Always Verify Before You Transact

Whether sending money digitally or responding to a call or message, verification remains critical. Fraud awareness specialists caution against acting on unsolicited phone calls claiming to be from banks. Financial institutions do not ask customers to transact over the phone or to share sensitive information such as card details, CVV numbers, PINs, or one-time passwords (OTPs). Any request for such details should raise immediate red flags. Using strong, unique passwords for banking apps and online accounts also adds an extra layer of protection against fraud.

Similarly, people are encouraged to think twice before clicking on links received via SMS or email. Suspicious websites and fake loan offers are common tactics used by fraudsters, particularly during busy seasons when people are more distracted.

Protect Your Card and Act Quickly

Card security is another key aspect of safe transacting. Customers are advised never to share their CVV or OTP and to only transact on verified, trusted websites. In the event that a card, phone, or SIM line is lost, taking immediate action to block access can help prevent unauthorized transactions and financial loss.

Stay Alert at ATMs

For those who need to withdraw cash, staying alert at the ATM is especially important during peak periods. Users are encouraged to shield their PINs while entering them, remain aware of their surroundings, and avoid distractions. A quick check of who’s nearby before and after a transaction can help reduce risk.

As festive activity picks up, the message remains simple: stay alert, use available digital tools wisely, and take a moment to think before every transaction. Small, mindful actions can make all the difference in ensuring a secure and convenient banking experience during the holiday season and beyond.

If you are an Equity customer, you are encouraged to #KaaChonjo, stay alert to fraud by hanging up on suspicious calls, always confirm that calls are from 0763 000 000, avoid clicking unknown links, and report or block your account immediately if your card, phone, or line is lost.

Unveiled at Quickmart’s Eastern Bypass branch in Kamakis, the partnership offers customers who spend Ksh3,000 or more between 2 pm and 3 pm daily and pay using their Equity debit or credit cards a Ksh500 voucher for their next shopping trip.

Speaking at the launch, Equity Bank Managing Director Moses Nyabanda said the campaign is designed to make life easier for customers during the busy holiday season. “Queues will be long, but if you use any of our Equity channels, your life will be very simple. Payment channels through Equity are not only fast but also secure,” he said.

Kenya’s growing middle class and urban shoppers are increasingly adopting digital payment solutions for convenience and security. With over 65 branches located in urban and peri-urban areas, Quickmart provides a natural fit for Equity Bank to connect with this key demographic.

The partnership also aligns with Equity Bank’s broader goal of expanding its digital payment footprint in Kenya. By encouraging the use of its debit and credit cards, QR codes, and mobile payment solutions including Equitel lines, Equity Till, Equity Mobile App, Equity Online, and USSD code *247#, the bank is positioning itself as a leader in the cashless economy. The campaign further strengthens Equity’s brand presence in the retail sector.

“We continue to ensure that Equity is available to all our customers everywhere,” Mr. Nyabanda added. “This partnership with Quickmart is a testament to our commitment to providing secure and efficient payment solutions during the festive season.”

For Quickmart, the campaign with Equity Bank provides an opportunity to solidify its market share in Kenya’s competitive retail sector. By offering rewards and a seamless shopping experience, the supermarket chain is likely to attract more foot traffic during the busy holiday season.

From l-r: Equity Bank Managing Director Moses Nyabanda poses with Quickmart Kamakis customers Faith Kamoshe and Nancy Koki, lucky winners of the Equity and Quickmart Lipa Bila Presha partnership. Looking on is Quickmart Chief Commercial Officer Joseph Thuku.

Quickmart’s Chief Commercial Officer Joseph Thuku emphasized the supermarket’s readiness to make this Christmas memorable for shoppers. “We have the best deals, great locations, and plenty of free parking. This partnership with Equity Bank will make this Christmas a memorable one for our customers,” he said.

Thuku also thanked customers for their loyalty and urged them to take advantage of the discounts and offers available at Quickmart’s branches nationwide.

Meanwhile, the launch was marked by a lively event that included a 60-second shopping challenge, where selected customers raced through the aisles to pick items within a set time limit. Winners walked away with vouchers, adding to the festive cheer.

Nancy Koki, one of the winners, expressed her excitement after winning a Ksh5,000 voucher. “Equity is the best, and we shall continue being customers. Thanks for the Christmas gifts,” she said.

Another winner, Faith Kamoshe, who won a Ksh6,000 voucher out of a Ksh10,000 target, encouraged others to shop at Quickmart using Equity cards. “I wasn’t expecting it, but I’m very happy. I can tell other customers to shop at Quickmart with an Equity Card so they can be as lucky as me,” she said.

Other customers also had the chance to win branded t-shirts, caps, and bags by spinning a wheel, further adding to the excitement of the day. The campaign is set to run throughout the holiday season, giving shoppers a chance to enjoy a seamless and rewarding Christmas.

Imagine yourself at the market, haggling over the price of a Christmas goat. The butcher agrees to your offer, but as you reach for your wallet, you realize you are short by a few hundred shillings. The butcher starts to serve the next customer, and you are left stranded and inconvenienced. Such moments can turn festive cheer into festive fear - but they do not have to. With the right tools, you can navigate these hiccups effortlessly and keep the season magical.

Boostika: Your Festive Lifeline

Remember the goat-buying dilemma? That is exactly where Boostika comes to the rescue. Just when you’re stranded, a quick prompt pops up on your phone, showing you the exact amount you need to top up. Accept the loan, complete the transaction, and your barbecue plan stays intact.

Boostika is like that friend who always has your back. Whether you are paying bills, buying airtime, or sending money, Boostika ensures you do not miss a beat. It is not just a loan-it is a seamless part of your transaction journey, letting you sort your bills bila presha.

It is perfect for those everyday festive season surprises like sending money to your parents in the village or shopping top-ups at the supermarkets. With borrowing limits ranging from KSh100 to KSh100,000, Boostika gives you the flexibility to handle the season’s small hiccups without stress, and it is easily accessible via dialling *247*6# on your phone.

Eazzy Loan: The Holiday Hero

Eazzy Loan is like a reliable friend who lends you money without asking too many questions. Whether you are planning to surprise your parents with a new TV or need extra cash to book a family trip to the coast, you are never caught off guard.

It is also perfect for those moments when you need to act fast—like spotting a great deal on a Christmas tree or realizing you forgot to budget for the kids’ new clothes.

With Eazzy Loan, you do a quick tap on your Equity Mobile App or Equitel Line, and you access an Eazzy Loan instantly to settle bills. The festive cheer remains intact, and you leave the store stress-free.

Salary Advance: The Big Brother or sister

For salaried customers, Salary Advance is the ultimate safety net. It is like having a big brother or sister who steps in when the going gets tough. Imagine planning a Christmas party for your extended family, only to watch the costs pile up: food, drinks, tents, chairs, and even a DJ. That is when Salary Advance steps in to save the day.

With up to KSh300,000 available, you can host the party of the year without breaking a sweat. The repayments are deducted directly from your salary, making it convenient and stress-free. And because the loan can be spread over 12 months, you will not feel the pinch as you start the new year.

Whether it is for hosting a big family gathering or booking a holiday trip, Salary Advance gives you the financial room to make the season magical.

Celebrate Without the Stress

Do not let financial strain steal your holiday cheer. With Boostika, Eazzy Loan, and Salary Advance, you can handle the season’s surprises with ease. Apply today via *247#, Equitel, or the Equity Mobile App, and enjoy a stress-free Christmas. Visit Personal Loans or call 0763 000 000 for more information.

The shores of Attela Beach Resort pulsated with an exhilarating atmosphere as Kisumu embraced the boldness of the new Muckpit Melon splash. The night was headlined by a stellar performance from musical sensation Iyanii, who captivated the crowd with his hit songs, including ‘Donjo Maber’ and ‘Rumours’.

He was expertly supported by an elite lineup of talent, including the infectious beats by DJ Deewiz, DJ Brik, and DJ Soul, alongside Kisumu’s best MCs: MC Nuella and MC Kish. Together, they fuelled a full-throttle night of music, rhythm, and unmissable vibes that kept the energy soaring from start to finish.

Guests immersed themselves in signature Muckarena experiences, which included expertly crafted cocktails that featured Muckpit Melon Splash and the Muckarena bowling alley. These experiences delivered a standout night, offering attendees unique ways to engage with the new flavour in the market.

“Kisumu truly embraced the spirit of the Muckarena Party,” said Kanyi Kiuru, Captain Morgan Muckpit brand manager.

“The energy at Attela Beach Resort was phenomenal, and it was incredible to see everyone muck up the night. This stop perfectly showcased our commitment to bringing bold flavours and unforgettable experiences directly to our fans across Kenya. We are thrilled with the overwhelming success and look forward to taking this to Mombasa as the next leg of our journey.”

The Captain Morgan Muckpit Party in Kisumu underscored the brand’s dedication to creating extraordinary experiences and connecting with its audience through music, vibrant entertainment, and distinctive cocktails. The nationwide tour continues to bring the boldest rum party to cities across Kenya, inviting everyone to join the Muckarena.

Hosted by award-winning artist and Captain Morgan ambassador Mejja, the experience blended the brand’s signature spice with Holiday Inn’s innovative approach to hospitality and culinary storytelling.

Guests kicked off the day with an engaging rum masterclass exploring the heritage, flavour profiles, and mixability of Captain Morgan Gold and the bold new Captain Morgan Muckpit. This set the stage for a collaborative culinary experience led by Holiday Inn’s Chef Robert Aluda, who crafted a rum-infused menu designed specifically for the event. From spicy mutura and braised beef mains to Muckpit-inspired bites, the menu highlighted how rum and Kenyan cuisine can come together in unexpected and elevated ways.

In keeping with the festive season, guests also enjoyed gingerbread-making, fun games, competitions, and spontaneous musical moments — with Mejja driving the energy throughout the afternoon.

Pooja Patel, General Manager, Holiday Inn Nairobi Two Rivers, said: “Our vision is to create spaces where creativity, culture, and hospitality meet. Partnering with Captain Morgan for this experience allowed us to bring that vision to life great food, great people, and a vibrant atmosphere that reflects what Holiday Inn Nairobi stands for.”

Victor Adada, Brand Manager, Captain Morgan, added: “Captain Morgan is all about fun, flavour, and self-expression. Collaborating with Holiday Inn Nairobi Two Rivers brought our shared values to the forefront, creating a vibrant space for Kenyans to enjoy Gold and Muckpit in new and exciting ways.”

But let’s be honest, the Christmas season can weigh you down. Picture this: You’re at the supermarket, your trolley overflowing with Christmas goodies. As you reach the checkout, you realize you forgot to withdraw cash, or left your debit card at home, or your phone is out of charge! The guys at the queue are getting impatient, and panic sets in.

At the family dinner, your cousin reminds you that you still owe them a Santa gift. A few minutes later, your aunt in the UK wants to send money home to buy a goat for Krisi (Christmas)-how do they ensure it gets to you quickly and safely?

The festive season is like a Christmas tree-bright and magical, but amid the joy and celebrations, the tinsel of financial chaos can tangle you up! But don’t worry, you can Lipa Bila Presha this Christmas with Equity Bank. Whether you’re shopping, sending money, or settling bills, Equity has a wide range of solutions tailored just for you.

Pay Stress-Free

Forget the hassle of cash while shopping at your favourite mall or buying Christmas goodies at City Market. Simply ask for the Equity Till Number at checkout, key it on your mobile phone, confirm the amount, and voila-payment done! You can access the Till via mobile money wallets like M-Pesa, Airtel, and Equitel, or Equity platforms like the Mobile App, *247#, or Equity Online. It’s fast, convenient, secure, and keeps you moving during the holiday rush.

Scan, Pay, Done!

Out for dinner at a city restaurant or grabbing last-minute Christmas decorations at Eastleigh? Equity’s QR Code payments make it even easier. Just scan the QR code displayed at the counter using the Equity Mobile App, and your payment is processed instantly. It’s fast, secure, and perfect for those on the go. Customers with Visa, Mastercard, and UnionPay Apps can also scan the Till’s QR code to make payments.

Lipa Bila Presha na Equitel

Equitel is your ultimate companion for convenience and affordability this festive season. Whether you’re buying lunch, shopping for gifts, or sending money to loved ones, Equitel ensures you can handle it all stress-free.

• Free Equitel-to-Equitel Transactions: Send money to family and friends without worrying about transaction fees.
• Zero Charges on Equity Till Payments: Pay at any merchant using the Equity Till Number without incurring additional charges.
• Wide Accessibility: Access Equity’s services from anywhere, whether you’re in the city or upcountry.

Sending Money from Abroad? No Problem!

For your aunt in the UK, Equity’s international money transfer services make it easy to send funds directly to an account or an Equity agent near you. With options like MoneyGram, Western Union, and Swift Transfer, you can count on quick, reliable transactions with reduced fees. Whether it’s for gifts, school fees, or holiday shopping, Equity ensures your loved ones are sorted.

Swipe, Tap, Go

Whether you’re shopping locally or jetting off internationally, your Equity debit or credit card is like Santa’s little helper this season—always ready to swipe, tap, or insert! From booking those dream holiday flights to purchasing the perfect gifts online, your card makes payments so effortless and secure, it feels like Christmas magic.

Convenience, Security, Flexibility

Equity is not just about making payments—it’s about making your life easier:

• Convenience: Multiple payment options, whether you’re shopping in-store, online, or at an agent.
• Security: Safe and reliable transactions, allowing you to focus on the festivities.
• Flexibility: Choose from tills, QR codes, cards, or Equitel for seamless payments.

This Christmas, let Equity take the pressure off your payments so you can focus on what truly matters—family, friends, and festive joy. Whether you’re shopping for gifts, sending money to family, or treating yourself to something special, you can do it all without worrying about cash or long queues.

So go ahead—fill that trolley, book that holiday, and enjoy the magic of the season. With Equity, you can truly Lipa Bila Presha. 

The Dubai Mall: Where Iconic Names Meet All-Day Entertainment

Start at The Dubai Mall, the most visited retail and lifestyle destination on the planet. With more than 1,200 stores and hundreds of dining options, this is retail as spectacle. Fashion Avenue lines up luxury houses—Dior, Chanel, Cartier—each offering immersive flagships where browsing becomes ritual. Wander into the mall’s Chinatown for a change of pace: neon glow, clinking chopsticks, and the irresistible lure of Hawker Chan’s MICHELIN-recognised soya sauce chicken and rice.

When you need a breather, terrace restaurants overlooking Burj Khalifa and The Dubai Fountain deliver the city’s most photogenic pause. Beauty insiders can stock up at Sephora and Ulta Beauty, while high-street favourites are everywhere, and Primark is slated to arrive soon. Between shops, headline attractions—from Dubai Aquarium & Underwater Zoo to Dubai Ice Rink and KidZania—turn “quick errands” into a full day well spent.

Mall of the Emirates: Couture, Concept Stores and a Cool Surprise

If Dubai Mall is theatre, Mall of the Emirates is a beautifully curated salon. The Fashion Dome gathers Dior, Louis Vuitton, Chanel, Gucci and Prada under one opulent roof for unhurried, tailored service. THAT Concept Store, the city’s cutting-edge multi-brand destination, pairs niche labels with thoughtful extras like personalisation stations and a beauty hub.

Then, in true Dubai fashion, step from haute couture into alpine chill: Ski Dubai— the Middle East’s first indoor ski resort and snow park—offers a playful cool-down between purchases. The mall is on a roll too, with anticipated openings from Primark, Ulta Beauty and SKIMS adding momentum to your shopping route.

Design Districts and Indie Finds: d3 and Alserkal Avenue Beyond the big names, Dubai rewards curiosity

In Dubai Design District (d3), studios and galleries sit shoulder-to-shoulder with cafés like The Espresso Lab, Craft Café, and Bageri Form. Concept store Frame blends streetwear, collectable art, and Dubai-designed apparel, capturing the city’s creative pulse.

If your visit lands mid-December, SOLE DXB electrifies the area with sneakers, streetwear, music, and talks—a scene that’s as much culture as commerce.

Over at Alserkal Avenue in Al Quoz, contemporary galleries rub shoulders with independent boutiques including The Edit, Nappa Dori, The Odd Piece, and sneaker haven thegoodlife. It’s slow shopping done right: intentional, curated, and ripe with discoveries.

Souks with Soul: Gold, Spice, Perfume, and Textile

Old Dubai’s souks are the city’s original shopping playgrounds, and they deliver sensory theatre you won’t find in a mall. The Gold Souk in Deira glitters with hundreds of shops offering everything from everyday pieces to heirloom designs.

Nearby, the Perfume Souk wraps you in oud and bakhoor; seek out Yousuf Bhai for personalised scents crafted on the spot—arguably the most memorable gift in the city.

The Spice Souk perfumes the air with saffron, cardamom, cinnamon and tea blends, where merchants guide you through regional favourites like za’atar and biryani mix.

Cross the creek to Bur Dubai’s Textile Souk and run your hands over bolts of silks and traditional fabrics; it’s easy to imagine a bespoke outfit coming to life back home. For a modern take with dining and entertainment, Souk Al Bahar in Downtown balances Arabian charm with urban ease, and Time Out Market nearby spotlights Dubai’s homegrown food scene.

Where Bargains Live: Outlets and Treasure Hunts Dubai treats value like a fine art

The Outlet Village, styled like an Italian hill town, makes discount shopping feel considered and calm; pair it with a day at Dubai Parks and Resorts for an easy family outing. Dubai Outlet Mall turns the deals up—over 300 premium brands and designers with a minimum of 40% off, all year round.

Brands For Less, a Dubai-based off-price chain, is the place for serendipitous finds across fashion, homeware, toys and electronics, with sister concepts Luxury For Less and Homes For Less expanding the selection. If you love a good hunt, the Dubai Flea Market—held at locations across the city since 2007—offers second-hand gems and vintage character by the stallful.

Made in Dubai: Homegrown Labels to Know DSF isn’t just about global names; it’s also a showcase for Dubai’s own talent

The Giving Movement, a celebrity-favourite sustainable athleisure brand, produces locally and donates with every purchase—proof that ethics and style can share the same hanger. SQUATWOLF’s premium gym wear and L’Couture’s lifestyle pieces add performance and polish to everyday wardrobes.

In beauty, Huda Beauty’s global phenomenon began in Dubai and now includes skincare (Wishful) and fragrance (Kayali).

For wellness on the go, Humantra’s sugar-free, plant-based electrolyte mixes are as practical as they are clean. And if you’re building a jewellery capsule, Enso Design Lab crafts timeless, minimal pieces meant for daily wear.

On the F&B side, Project Chaiwala reimagines South Asian street tea culture for modern spaces, while Curious Elephant’s chilli oils and crispy dumplings bring Dubai’s flavour home to Nairobi.

The Gift List: What to Bring Back Shopping during DSF makes gifting a joy

From the Gold Souk or Gold & Diamond Park, choose elegant gold jewellery to mark the year’s milestones. Designer houses—Cartier, Tiffany & Co., Harry Winston—offer statement pieces that feel like forever.

Perfumes, oud and bakhoor from Arabian Oud and Rasasi carry the Middle East into your routine with a single spritz. Pashmina shawls, sourced from the Textile Souk or select boutiques like Le Boudoir d’Eden in The Dubai Mall, marry warmth and refinement.

Food lovers can stock up on saffron threads, whole cardamom, cinnamon bark, aromatic teas and distinct spice blends from the Spice Souk. For sweets, camel milk chocolate by Al Nassma is a conversation starter, Mirzam’s artisan bars capture regional flavours in artful wrapping, and Bateel’s gourmet dates set a high bar for festive sharing.

For something distinctly Dubai, track down the original “Dubai chocolate” from Fix Dessert Chocolatier via the Careem app—a cult favourite worth the chase.

DSF After Dark: Shopping with a Side of Spectacle As evening falls

DSF turns the city into a stage. Free twice-nightly drone shows between Bluewaters and The Beach JBR—now longer, brighter and integrated with pyro-drone fireworks—are the definition of shareable magic.

Over at Dubai Festival City Mall’s Festival Bay, e& DSF Nights layers laser projections, dancing fountains and pyrotechnics into a nightly waterfront performance. The d3 Waterfront welcomes e& MOTB, one of DSF’s most-loved outdoor markets where homegrown fashion and design pop-ups sit alongside immersive installations and live programming.

Add in DSF x Hatta Wadi Hub for mountain air and weekend fireworks, and the city’s expanded DSF Auto Season with parades and showcases across January, and you’ve got evenings that elevate the shopping mood without stealing the show.

How to Make the Most of Your Shopping Days

The beauty of December and January in Dubai is the ease of moving between worlds—luxury boulevards, indie districts, souks with soul, and outlets with serious value—all within well-connected neighbourhoods.

Plan lightly, follow your wishlist, and be ready to pivot when a flash sale or pop-up catches your eye. Many headline DSF moments, especially the outdoor shows and markets, are free to attend. For daily updates, offers, and schedules, the official DSF page is your best companion: www.visitdubai.com/en/festivals-and-events/dsf.

This festive season, let Dubai be your retail playground. Whether you’re hunting for couture, curating a capsule wardrobe, stocking up on beauty essentials, or filling your suitcase with spices and sweets, DSF 2025/26 wraps it all in sunshine, spectacle, and genuine value—just a flight away from Nairobi.

This year’s Kenya Travel Industry Business Awards (KeTIBA) brought together travel agents, airlines, digital platforms, hotel chains, and financial service providers to assess the sector’s opportunities and pain points.

The discussions pointed to a recovering industry that is expanding its services and adapting to the expectations of modern travellers who want speed, transparency, and seamless digital experiences.

Financial service providers at the event acknowledged this challenge, underscoring the need for stronger and more predictable settlement systems.

Equity Bank’s Director of SME Banking, Collins Wanyonyi, noted that efficiency in payments has become central to how travel businesses function. “The industry runs on tight timelines,” he said.

“Airlines, hotels, and agents need payments to move in real time. Our work is to ensure the systems behind those transactions are reliable so businesses can serve travellers without delays.”

Across East Africa, travel is becoming more regional and free-flowing. Passenger movement between Nairobi, Zanzibar, Mombasa, Kigali, Entebbe, and Arusha continues to rise, supported by improved air links and stronger tourism campaigns.

The movement is being fuelled by a blend of safari tourism, conference travel, weekend leisure trips, and business mobility.

For many travel agencies, this means higher volumes of bookings and greater pressure to offer fast and accurate service.

Behind the visible growth in tourism is a less visible but critical factor: payment systems that allow bookings, ticketing, and settlements to move smoothly.

Jonathan Curtis, Vice President at American Express, said premium travellers remain a key driver of revenue for airlines and hotels.

“We see consistently high spend among our travellers, especially those moving across the region,” he said.

“When payments are seamless, the entire tourism value chain benefits, from travel agents to hospitality providers.”

KATA Chief Executive Nicanor Sabula reiterated that the travel sector still depends heavily on credit arrangements. Many businesses operate on thin margins, balancing customer payments with airline settlement windows.

“Most travel agencies operate in a credit-heavy environment, customers book first and settle later, while airlines demand payment within strict timelines. This gap continues to be one of the sector’s biggest operational hurdles, especially during peak travel season,” Sabula said.

He noted that partnerships with financial players help agencies navigate these mismatches.

Sabula added that limited credit card limits have historically constrained agencies during high-demand periods such as school holidays and December travel, when booking volumes surge.

KeTIBA continues to serve as a barometer for professionalism in the travel sector, with peer-reviewed awards encouraging agencies to invest in better digital systems, improve customer service, and diversify their products.

Morris wasn’t the only one celebrating. The event also recognized two additional regional prize winners: Gilbert Mbogo, who proudly walked away with a brand-new laptop, and Kevin Ngige, who secured a Bluetooth speaker, just a taste of the many rewards up for grabs in the campaign. The event drew in friends, family, community members, and loyal Chrome consumers who came together to celebrate, dance, and witness life-changing moments firsthand. This third winners’ celebration further solidifies the campaign’s growing momentum nationwide.

Speaking on the success of the ongoing promotion, Zipporah Ndung’u, Senior Brand Manager – Chrome, shared: “This campaign has been incredibly energizing to witness, especially as we mark 10 years of Chrome, a decade of being part of our consumers’ everyday moments. Seeing Morris, Gilbert, and Kevin celebrated by their community reminds us why we launched the ‘Choromoka’ promotion in the first place: to give back, celebrate, and create unforgettable experiences. The thousands of entries we continue to receive show just how excited consumers are. We encourage everyone to keep participating because there are still many more prizes to be won.”

The ‘Choromoka’ campaign has already delivered multiple millionaires and rewarded countless Kenyans with instant prizes, solidifying its position as one of the most impactful consumer promotions this year. With the nationwide tour continuing, the next big celebration will be heading to the Coast region, where more winners will be unveiled.

We encourage Chrome consumers to keep buying Chrome, scratch the label, and send the alphanumeric code to 22110 to enter the draw for their chance to ‘Choromoka’ with exciting prizes. Our next draw winner is slated to come from the Coast region; will you be the next millionaire or walk away with amazing rewards!

The pioneering biometric and digital technology capability, developed by Visit Dubai and available through several independent providers, is now available for immediate integration at hotels and holiday homes across Dubai, empowering guests to enjoy a seamless and expedited arrival experience. Its introduction underscores Dubai's commitment to leveraging advanced technology to further enhance its position as a future-forward global tourism destination, prioritising both guest satisfaction and operational excellence.

The innovative system allows guests to complete all check-in formalities prior to their arrival, directly from their mobile phones. By uploading essential identification documentation and biometric data once, the entire process is streamlined, significantly reducing or eliminating traditional check-in times. Upon arrival, guests can bypass the usual check-in desk formalities at the start of every stay at participating hotels. The securely held data then remains valid until the identification document expires, meaning only a quick authentication, such as through facial recognition, would be required on subsequent visits. Repeat visitors make up almost a quarter of total annual visitation to Dubai, and this new service welcomes them to the city with added convenience, consolidating their affinity for the destination.

Issam Kazim, CEO of the Dubai Corporation for Tourism and Commerce Marketing (Visit Dubai), part of the Dubai Department of Economy and Tourism, said: “The rollout of this guest-centric innovation will minimise friction from the moment travellers land, providing them a seamless, efficient start to their stay and maximising their time to enjoy our destination. It further enables efficient return visits for our loyal repeat guests, and allows Dubai’s hotels and holiday homes to focus on delivering more meaningful, high value guest interactions. This technology offers immense potential for hotels to further elevate their services, and we invite more owners and operators to integrate the capability into their systems, to optimise the guest experience.”

The solution is designed for easy integration into existing hotel apps or web platforms, ensuring a smooth transition for participating establishments. Beyond its immediate benefits, the technology holds significant potential to be leveraged across other tourism touchpoints, such as car rentals, paving the way for a more integrated and customised visitor experience throughout the city. It also builds on the incorporation of smart technology across the destination, including the introduction of smart tunnels at Dubai International Airport, which have reduced processing times at passport control to just seconds.

Dubai’s hospitality sector has been one of the cornerstones of its growth as a global destination, with world-class facilities and service available at 820 hotels and hotel apartments across the city. Complementing Dubai’s wider offerings, it has helped the city reach new heights, welcoming 15.70 million international overnight visitors in the first ten months of 2025, up 5% year-on-year, with guests spending a total of 36.71 million room nights at hotels across the emirate.

Notes

• One-time ID and biometric upload ensures a seamless, convenient experience for guests at participating hotels
• Quick authentication with facial recognition on future visits
• Data held securely and valid until ID expires
• Less time checking in and more time for guests to enjoy Dubai

The national ceremony, held after a series of regional events across Mombasa, Eldoret, Western Kenya, Mt. Kenya, and Thika, brought together leading dealerships, insurers, and individual sales agents whose performance reflects shifting trends in the country’s automotive and insurance sectors.

The event coincided with NCBA’s strong third-quarter financial results for 2025, in which the Group reported a profit after tax of Ksh 16.4 billion, an 8.5 percent increase compared to the previous year.

Operating income rose to Ksh 53.4 billion, while non-banking subsidiaries — including insurance, leasing, investment banking and bancassurance — expanded their contribution to profit before tax by 48 percent.

According to the bank, this growth underscores the significance of the dealer, broker, and agent ecosystem celebrated through the Johari Awards.

Isuzu East Africa and its network of subdealers emerged as the leading performers in the new vehicle segment, maintaining their historical dominance in Kenya’s commercial and personal vehicle categories.

Sinotruk Kenya and CFAO Mobility Kenya followed closely, reflecting the continued strength of the new vehicle market despite wider economic pressures.

The awards also highlighted the rapid expansion of Kenya’s pre-owned vehicle market, which NCBA noted remains a major driver of asset finance demand.

Carsoko Limited secured the top position in terms of referral value, ahead of Avix Motors and Cratos Automobile. In the volume category, Windsor Automobiles took first place, followed by Waleed Motors and Yahya Car Sales. NCBA said these results illustrate the deepening shift among Kenyan buyers toward more affordable vehicle options.

In the insurance sector, Jubilee Health Insurance was recognised as the top contributor in Insurance Premium Finance, with APA Insurance and Old Mutual Insurance following in second and third place.

NCBA observed that the strong showing in this segment reflects growing reliance on premium financing as consumers and businesses manage rising insurance costs.

Several individuals were also honoured for their outstanding performance. Patrick Wangombe of Ryce East Africa emerged as the top national performer in asset finance referrals, earning a fully paid trip to Malaysia.

Charity Njoki Asembo of Printan Limited and Lucy Minoo Mbilo of Buffalo TBS placed second and third respectively. In the IPF agents category, Rosemary Manyara claimed the top position, with Rose Papa and Florence Wamaitha Mwaura also receiving national recognition for their strong business volumes.

NCBA said the 2025 Johari Awards provide a comprehensive snapshot of Kenya’s evolving automotive and insurance landscape. The bank pointed to rising demand for pre-owned vehicles, increased uptake of insurance premium financing and the growing influence of regional dealer networks as indicators of wider sectoral shifts.

Speaking at the ceremony, NCBA Kenya Managing Director James Gossip noted that the awards highlight the importance of partnership and resilience within the ecosystem, adding that the Group’s strong financial results reinforce the value of collaboration among dealers, brokers, agents, and intermediaries.

“The Johari Awards continue to showcase the power of partnership, resilience, and shared ambition. Every winner here tonight reflects the strength of our ecosystem: dealers, brokers, agents, intermediaries, and teams that fuel our leadership in Asset Finance and Insurance.

"This year’s celebrations, combined with our strong Q3 performance, reaffirm that when we grow together, we go further together. We honour your dedication, and we look forward to scaling even greater heights as one NCBA family," he remarked.

Now in its nineteenth year, the Johari Awards remain one of the country’s most prominent recognition platforms for players in the asset finance and insurance markets.

NCBA said it would continue investing in strengthening these partnerships as part of its long-term strategy to support nationwide economic growth.

The announcement was made on Saturday, December 6, during the NCBA Creative Economy Summit and Elev8 LIVE album launch, an NCBA-powered celebration showcasing emerging talent and the evolving landscape of Kenyan music.

To empower the creative industries, HEVA and NCBA will offer five specific financing products: Event Financing, Invoice Discounting, LPO Financing, Working Capital Financing, and Start-Up Incubator Financing.

The tailor-made financial products will offer creatives access to capital for production, equipment, marketing, events, touring, digital distribution, and business development. 

The vision to develop a financial instrument tailored specifically for Kenyan creatives arises from a marked surge in demand across the country’s creative sector. Since 2024, when Kenya announced tax incentives for US-based Invention Studios to attract Hollywood productions, many local creatives had one question: 'What about us?'

At the heart of the problem is the informality that has defined the creative economy for decades.

NCBA and HEVA Fund Partner to offer Creative Economy financing solutions for artists and enterprises

During the Creative Economy Summit and Elev8 LIVE album launch, NCBA’s Group Managing Director, John Gachora, stated, “Kenya’s creative economy ranks among the most vibrant and promising sectors, fueled by outstanding talent that merely requires the right resources and opportunities. Financial institutions tend to engage with structured traditional forms of financial access. However, most creative artists and enterprises operate independently and are not affiliated with cooperatives or formally recognized businesses. This is why they remain unseen by financial institutions and investors. With the HEVA Fund partnership, we are developing a financial ecosystem that creatives rightfully deserve, one that understands the unique nature of creative work - irregular income cycles, and the need for flexible, sustainable financing.“

The financing model adopts a shared-risk approach where HEVA Fund and NCBA jointly assess and support creative businesses through a 50:50 capital match structure. This reduces barriers to entry for creative entrepreneurs while ensuring that financial products remain responsive to the realities of creative business cycles.

By sharing risk, both partners can offer more flexible terms that account for project-based income and seasonal revenue patterns common in the creative sector. This partnership combines HEVA Fund’s in-depth expertise that spans beyond a decade in tailored financing for creatives, research, policy, and investment with NCBA’s leading financial muscle, digital capabilities, regional reach, and commitment to integrating creatives into mainstream financial services and changing the story of their financial wellness. 

Wakiuru Njuguna, Managing Partner at HEVA Fund, remarked, “This partnership reflects the growing commercial confidence in the viability and economic importance of creative MSMEs, which are now an increasingly visible contributor to our national GDP."

"Over the past 12 years, HEVA has pioneered innovative financial products tailored to the unique needs of creative enterprises. This experience has shown us the immense potential and resilience within the sector. In partnership with NCBA, we are unlocking even more capital for small and growing creative businesses, ensuring they can access the financing they need to build, scale, and compete sustainably."

"This confidence in the sector will accelerate the growth of creative enterprises across the country and strengthen their role as engines of innovation, youth employment, and economic transformation," Wakiuru went on.

Motif Di Don, founder and lead producer at Elev8 LIVE Studio, added, “Talent is everywhere, but opportunity is not. For years, Elev8 LIVE has been committed to nurturing raw music talent and giving young artists a fighting chance. With NCBA and HEVA Fund, we now have a stronger bridge between creativity and real financial empowerment.” He added,” For emerging artists, the NCBA Elev8 LIVE platform is redefining their future in music, and providing studio access, mentorship, digital storytelling support, high-energy live performance opportunities and training on how to earn, save and invest for a sustainable financial future.”

The creative economy contributes over 5.3% of Kenya’s GDP annually, with more than 300,000 creative entrepreneurs actively shaping the sector. However, lack of access to finance remains the single biggest constraint to the industry

This partnership is a key milestone within NCBA’s ‘Change the Story’ sustainability commitments to delivering real, inclusive, and impactful solutions that uplift the youth and unlock new possibilities.

The night will feature a stellar headline performance by Iyanii, supported by an elite lineup of DJ Deewiz, DJ Daffy, DJ Slim, Jay Sol, and hype master MC Gogo, ensuring the crowd stays fully charged from start to finish. Guests will enjoy signature Captain Morgan cocktails, including the new Muckpit Melon Splash, along with interactive brand activations and bold surprises that elevate the night beyond the ordinary.

Ticketing options are designed to encourage group participation:

• KSh 480 – Includes a 250ml Captain Morgan Muckpit + admits 1
• KSh 1,350 – Includes a 750ml Captain Morgan Muckpit + admits 2

“Meru, Tumewamuck. We are ready for vibrant spirit, and excited to bring the bold energy of Captain Morgan Muckpit to this town. Fans can expect a night of music, flavour, and unforgettable experiences that embody the Muckpit lifestyle.” Kanyi Kiuru, Captain Morgan Muckpit brand manager.

The Meru edition follows the successful launch in Juja and continues Captain Morgan Muckpit’s nationwide rollout across Nairobi, Mountain, Lake, Coast, and Rift regions.

Speaking during a visit to Tononoka Group in Nairobi’s Dandora area, where he led a delegation of Polish business leaders from the manufacturing and real estate sectors, Ambassador Gojdź said the mission was of high impact.

“The mission provides a great opportunity for investors and businesspeople to discuss establishing partnerships,” he said. 

“My presence here, together with representatives from the Polish Trade and Investment Agency, demonstrates how interested we are in exploring opportunities to work together for the benefit of investors from both our countries.”

The Tononoka visit was one of several sector-based tours during the week-long Roadshow, which brought together more than 350 investors from 35 countries. The mission organized by Equity Group saw investors visit Rwanda and Kenyan businesses.

Delegates visited Special Economic Zones, industrial parks, logistics corridors, manufacturing hubs, agribusiness projects, and ICT and innovation ecosystems. The site visits were paired with structured networking sessions that enabled investors to engage directly with policymakers, industry leaders, and potential Kenyan partners.

At Tononoka Group, Joern Mark Siegle, Vice President of Frankfurt Rhine-Main, Germany’s third-largest metropolitan region, praised the steel manufacturer’s operations and long-standing contribution to East Africa’s infrastructure sector.

“I’m very impressed by Equity Bank for creating this opportunity through its trade mission,” he said. “We have been able to establish several personal connections, which are essential before business engagements follow. Seeing the operations at Tononoka Group…has been eye-opening.”

Siegle added that he would brief German firms interested in entering the East African construction market about the company’s capabilities.

The trade mission underscored Kenya’s position as more than a domestic market of 57 million people.

Throughout the panel discussions and site tours, speakers emphasized Kenya’s role as a gateway to a regional consumer base of more than 500 million across Eastern and Central Africa.

Real estate emerged as a priority sector for many visiting investors. A tour of Tatu City, the 5,000-acre mixed-use Special Economic Zone in Kiambu County, drew significant attention for its planned residential, educational, medical, commercial, and industrial developments.

Delegates were briefed on infrastructure plans designed to support more than 250,000 residents. Cameroonian investor Jeannette Amom said the mission provided valuable insights.

“The site visit at Tatu City allowed us to assess investment potential across multiple segments of a modern urban development,” she noted.

She added that SEZ incentives, including reduced corporate tax, zero-rated VAT, import duty exemptions, and stamp duty waivers, were key considerations for evaluating investment viability.

Participants said they would undertake further due diligence, focusing on projected returns, competitive positioning, and regulatory conditions.

Many cited the need for credible local partners, policy clarity, and long-term guarantees as essential factors in investment decisions.

AQ Hamza, Director for International Trade Relations at Equity Group, said the tours were structured to help investors interpret Kenya’s opportunities within a clear regulatory and economic context.

“By highlighting Kenya’s regulatory framework, infrastructure, talent pool, and sector-specific advantages, the mission aimed to demonstrate the country’s potential as a gateway for scalable, high-growth investments in the region,” he explained.

In Limuru, investors toured a dairy processing facility where they observed modern yoghurt and fresh milk lines from raised viewing corridors.

Beyond machinery and packaging, delegates were shown the larger ecosystem that feeds the plant, hundreds of small-scale farmers supplying milk daily through cooperatives.

At a collection point, farmers arrived with chilled cans, received instant mobile payments, and consulted extension officers on feed, hygiene, and animal health.

During a briefing, managers outlined cooling systems, antibiotic checks, quality standards, and solar-powered chillers used to reduce losses.

Another stop, ForestFoods, offered a different perspective on agricultural productivity, one rooted in ecology.

Visitors walked through beds of kale, herbs, and legumes growing in mixed systems, observed windbreaks and flowering strips attracting beneficial insects, and saw compost operations that support soil health. Farm staff openly discussed pests, labour needs, and ongoing experimentation, describing how regenerative practices improve yields over time and reduce dependence on costly inputs.

The 2025 Kenya Trade & Investment Roadshow brought together policymakers, investors, and entrepreneurs in a coordinated effort to interpret Kenya’s economic landscape through field observations rather than presentations alone.

Across steel production floors, modern SEZ corridors, urban development projects, farms, and processing plants, participants were able to examine real operational environments and engage directly with those shaping Kenya’s economic sector. 

The gathering brought together Fairtrade partners for an uplifting, yet insightful fireside chat focused on producer empowerment, ethical consumption, and the future of ‘fair trade’. Speakers reflected on the organization’s transformation from its early beginnings supporting a small number of coffee cooperatives to becoming a continent-wide movement driving sustainability and trade justice.

FAIRTRADE IN AFRICA

Fairtrade Africa is about better prices, decent working conditions, and fair terms of trade for farmers and workers. It is an approach that is based on partnership; one between those who grow our food and those who consume it.

A guest taking 'How Well Do You Know...' quiz during the launch of the ‘BE FAIR RIGHT NOW CAMPAIGN’ on December 2, 2025. /PHOTO

Founded in 2005, it is a powerful voice for nearly 1.5 million farmers and workers across 29 countries in the continent and the Middle East. The organization has actively strengthened regional producer networks, promoted climate-resilient farming, enhanced market access, and ensured fairer terms of trade for smallholder farmers. 

What’s the impact? Significant economic and social gains across rural communities. The ‘Fairtrade Premium’ (over and above the market price or the Fairtrade Minimum Price, whichever is higher) has grown from €21 million in 2013 to € 90.9 million in 2024.

This social investment goes back into building up communities through education, health care, community infrastructure, and housing - a critical lifeline for the farmers and their families (all democratically decided upon).

Fairtrade Africa’s Executive Director, Isaac Tongola, highlighted, “For 20 years, Fairtrade Africa has stood for the belief that farmers and workers deserve a say in shaping their future. Their leadership has driven over €650 million into community investments that have changed lives across Africa. As we launch this campaign, we also want to remind consumers that we remain committed to fairer trade, stronger partnerships, and a more resilient future for the millions who grow our food.”

THE FAIRTRADE DIFFERENCE IN KENYA 

There are 3 million estimated farmers and farm workers in Kenya, most of whom still get paid significantly less than the minimum legal rates (Ksh7,545.65). Fairtrade Africa’s mission is clear – ensuring producers receive fair compensation for their labour whilst building a resilient, sustainable community of farmers and workers for generations to come.

The proof is in the real-life impact stories, some of whom shared their personal testimonies at the event. 

Gender Equality 

Kenyan women perform between 42-65% of agricultural labour, yet will typically earn less, own less, and have access to fewer resources than men. With Fairtrade, these women gain access to leadership training, fairer pay, and a longer-term plan that helps protect their communities and kids. 

Nancy Gathaiga, Unit Manager, Gatunguru Tea Factory, states, “Our work is centred on empowerment: ensuring women understand their rights and supporting men to embrace shared business ownership so women can effectively support production and quality control. This transformation means that women now hold 30% of leadership roles, a significant jump from when they had virtually no representation before certification. Fathers are now also actively handing down portions of their farms to empower the youth in continuing the family business."

Climate degradation 

To add to the social challenges, vital species are rapidly under threat, endangering natural ecosystems that support farming. Without intervention, soon much-loved Kenyan tea and coffee will disappear. Fairtrade Africa’s programs empower farmers to actively build environmental resilience and sustainable practices:

Martin Kinyua, Mutura Tea Farms, shared, “Using the Fairtrade Premiums, we have fundamentally transformed our operations. This year alone, we managed to raise 10 million shillings and used this to: upgrade 95% of our drying tables to metal to protect our forests, establish the biggest coffee nursery in Kenya's cooperative sector to empower young people and women in farming, and invest in comprehensive staff training on workers' rights.”

Mercy Chumo, Fairtrade Africa’s Youth Coordinator, highlighted the value of Fairtrade in supporting young farmers. “Fairtrade Africa creates a space for young farmers to share their realities, their needs, and the challenges they're facing in farming. Even though we already have young people engaged across our value chains, they continue to navigate barriers in sustainable agriculture.

By coming together like this, they can motivate one another and inspire other young people who may want to find a path into agriculture. And we need more youth in farming for the future of our food systems! I mean, can you imagine a world without tea or coffee?

Through the platform FTA provides, young farmers can voice the support they need, share their knowledge, and explore new and innovative ways of farming. It’s through their leadership that we can continue strengthening the sustainability of our farms.”

Key partners in the BE FAIR RIGHT NOW CAMPAIGN include: Kericho Gold and Dormans Coffee, whose commitment to ethical sourcing continues to expand opportunities for Fairtrade farmers across Kenya. These collaborations demonstrate how businesses can play a transformative role in strengthening sustainable value chains. 

BE FAIR RIGHT NOW CAMPAIGN

The campaign aims to speak to local consumers to inform their purchasing choices. It features a digital quiz designed to educate while giving them the chance to win Fairtrade product vouchers, gift hampers, and a luxury weekend getaway in Diani.

Consumers can participate in the campaign at befairrightnow-kenya.org and purchase Fairtrade products at leading retailers countrywide. 

Shreya Karia, Founder SHK Consulting, Martin Kinyua Mutira, Farmers Cooperative Society, Nancy Githaiga, Gatunguru Tea Factory, Paul Colditz, Commercial Director Fairtrade Africa, and Mary Kamau, Brand Manager Kericho Gold, during the launch of the ‘BE FAIR RIGHT NOW CAMPAIGN’ on December 2, 2025. /PHOTO

Kenya's national blood supply currently falls short of demand, estimated at 500,000 units annually based on World Health Organization guidelines. Automation, improved processing, and enhanced technical capacity can help close this gap. The new Terumo BCT facility will help expand local proficiency in blood processing, apheresis, and other lifesaving technologies.

The training center will offer hands-on training and education for clinicians, laboratory technologists, and biomedical engineers. Participants will gain practical skills in technology operation, quality management, and maintenance practices for Terumo BCT’s technologies. The center is designed to support healthcare professionals across Kenya and the region by building technical proficiency and strengthening local expertise to support high standards of care.

The inauguration follows a series of high-level meetings between Terumo BCT’s global leadership, government leaders, and health financing partners from December 1 through 3. Discussions focused on opportunities to accelerate progress in blood safety, sickle cell disease management, and broader health system strengthening.

Kenya is implementing Terumo BCT’s whole blood automation technology, a step toward modernizing national transfusion services. Automation improves processing quality, optimizes available donations, and supports goals under the country’s universal health coverage agenda.

Mr. Guracha Adi, Director at the Kenya Investment Authority (Invest Kenya), officiated the opening, noting, “Invest Kenya welcomes Terumo BCT’s decision to establish its Africa Headquarters and Training Centre in Nairobi. This investment underscores Kenya’s increasing appeal as a regional hub for advanced medical technologies and capacity building. It aligns with our national agenda to strengthen healthcare infrastructure, enhance blood management systems, and support the country’s pursuit of Universal Health Coverage. We are confident that this facility will play a pivotal role in elevating technical expertise across the region.”

The event was also attended by Toshiaki Takagi, Chairman of the Board of Terumo Corporation, and Antoinette Gawin, President and Chief Executive Officer of Terumo BCT.

“This facility reflects our long-term commitment to Kenya and the region,” Takagi said. “By investing in local capabilities, we support stronger, more resilient health systems that can meet the needs of patients and communities across Africa.”

“Kenya is strengthening healthcare access and advancing medical innovation,” Gawin said. “We bring proven technologies suited to Kenya’s needs, and are committed to continued investment in training that unlocks their full impact to build healthier communities.”

The relocation and opening of the Africa headquarters and training center marks a significant step forward in Terumo BCT’s commitment to local partnerships and capacity-building for sustainable, locally driven healthcare solutions. The investment directly aligns with Kenya's national health priorities, particularly its ambitious drive toward achieving universal health coverage and fostering self-sufficiency in healthcare.

The award was presented during the CIO100 Symposium and Awards. This year’s symposium, themed “Innovation at Scale: Driving Business Growth Through IT Leadership,” honored 100 organizations from across Africa and celebrated their achievements in leadership, innovation, and the adoption of advanced technologies such as generative AI and edge computing.

Equity’s recognition under the PlusOne Awards Banking Sector Category underscores the Group’s strategic commitment to leveraging technology to drive business value, enhance operational resilience, and promote inclusive financial services across the continent.

Now in its 17th year, the CIO100 Awards recognize technology leaders and organizations driving digital transformation across Africa. A record 1,200 applications were submitted this year from enterprises, government agencies, NGOs, and start-ups across East, West, South Africa, and Mauritius, making competition for the 100 award slots particularly fierce.

Speaking after receiving the award, Michael Kwofie, Equity Group Chief Information Officer, said: “It is such an honor to receive this award in recognition of the work Equity is doing as well as the team in Equity. We are grateful for this recognition and look forward to achieving even more in the coming years.”

Commenting on the achievement, Dr. James Mwangi, Managing Director & Chief Executive Officer, Equity Group Holdings, expressed that: “This Award is a testament to the power of purpose-driven leadership and the extraordinary synergy between vision, innovation, and execution. At Equity, we are not just leveraging technology to improve banking; we are reimagining what is possible for Africa. For our customers, this is a promise that we will continue to innovate to expand access, create opportunities, and deliver solutions that empower their lives and businesses. For our staff, this is a celebration of your ingenuity, resilience, and unwavering commitment to our mission. Together, we are building a legacy of transformation that will define the future of banking in Africa.”

Equity has made significant investments in technology infrastructure, digital platforms, and innovation labs to support its long-term growth and inclusive mission. It has rolled out key digital integrations across markets, strengthened fraud controls, and advanced AI and data governance frameworks with the goal of  future-proofing the Group’s operations and to enhance service uptime and stability across all markets thereby strengthening brand trust and customer confidence and positioning the Group to capture emerging opportunities in digital finance, data innovation and ecommerce. The Group’s efforts align with broader macro trends identified in the CIO100 MegaTrends Report, particularly in cloud computing, AI, data analytics, cybersecurity, IoT, and edge computing.

Through its integrated digital ecosystem, including its mobile and online banking platforms, Equity continues to expand its reach into underbanked and underserved communities, advancing its purpose of transforming lives, giving dignity, and expanding opportunities.

From the moment guests walked in, the atmosphere buzzed with excitement, capturing the perfect feel of Kenyan sherehe energy. Yaba took centre stage with a powerful, crowd-moving performance of the Wape Wape EP, showcasing his signature blend of modern rhumba and soulful folk influences. He was joined on stage by Jeff Lawgan, who matched his energy perfectly.

The magic didn’t stop there. Costa Ojwang delivered a captivating mix of Luo and Swahili soul that had the entire room swaying and singing along. And when the legendary Les Wanyika stepped on stage, the crowd erupted, proving once again that their timeless sound cuts across generations. Their performance reminded everyone why Kenyan classics are unbeatable.

To keep the night alive, DJ Tarrus served non-stop vibes, effortlessly fusing old-school anthems with new-age rhythms that kept the dance floor warm until late.

“We are incredibly proud to champion Kenyan talent and celebrate our rich musical heritage,” said Victor Adada, Brand Manager for Kenya Cane. “Yaba’s Wape Wape listening party perfectly embodied our commitment to uniting people through vibrant culture and memorable moments. It was a spectacular showcase of true Kenyan spirit.”

The event reaffirmed Kenya Cane’s dedication to uplifting local artists and celebrating the unique cultural stories that make Kenya special. By bringing together different genres, generations, and communities, Kenya Cane continues to cement its place as a brand deeply rooted in national pride and authentic artistic expression. 

It sounds amusing at first, but the implication of fraud is far less funny. It can disrupt your financial stability and drain your hard-earned money instantly. Card fraud costs consumers billions of dollars every year, and it doesn’t always involve high-tech schemes. Sometimes, it’s as simple as someone stealing your card details during a routine transaction or tricking you into clicking on a fake email that promises free rewards. Kaa Chonjo!!

Card fraud can happen when your card details aren’t properly safeguarded, for instance, if the card is out of view or sensitive information is shared by mistake.

Here are some common ways your card can be accessed illegally:

• Phishing scams: Fraudsters trick you into revealing your card details through fake emails or websites.
• Skimming devices: Hidden devices at ATMs or payment terminals steal your card information.
• Card Misplacement: Leaving your card unattended or sharing your PIN with others can expose you to fraud.

Fortunately, with the right knowledge and precautions, you can protect yourself from falling victim to these schemes. As an Equity Bank customer, here’s how to protect yourself

• Never share your card or PIN details
• Keep your card safe or always in sight
• Report suspicious or unauthorised activity immediately

Equity Bank prioritizes your security by implementing advanced measures to protect your money, no matter where or how you transact.

• Chip-and-PIN Technology

Equity’s cards are equipped with advanced chip technology, making them far more secure than traditional magnetic stripe cards. When you use your card at a merchant terminal, the PIN you enter acts as your personal security lock, ensuring only you can authorize the transaction. For contactless payments (tap-and-go), the bank has set low transaction thresholds to minimize risk, making it ideal for quick, low-value purchases.

• 3D Secure for Online Shopping

Shopping online is convenient, but it can also be risky. That’s why Equity has added an extra layer of protection with 3D Secure technology. Every time you make an online purchase, it sends a one-time PIN (OTP) to your registered phone number. This ensures that only you can complete the transaction, giving you peace of mind when shopping on your favourite websites.

• Real-Time Alerts

Picture this: every time a transaction hits your account, you get an instant alert. Real-time notifications keep you in control-whether it’s a purchase you recognize or one you don’t. And if something feels off, you can block your card right away using Equity’s mobile app or online banking. If you have changed your mobile number, kindly visit your branch to update your records to keep getting important alerts.

• Self-Serve Blocking

Time is of the essence when dealing with fraud. That’s why with Equity, it’s easy for you to take control. If you suspect your card has been compromised, you can block it instantly using the Equity Mobile App or Equity Online or dial *247#. No need to wait-your security is in your hands.

• Dedicated Fraud Monitoring

Behind the scenes, a dedicated fraud monitoring team works around the clock to protect your transactions. Using advanced systems, they continuously analyze patterns to detect and action on suspicious transactions.

Equity Bank doesn’t just stop at protecting your money-it empowers you with knowledge. Through public awareness campaigns and ongoing training for its staff, it ensures that both you and the team are equipped to prevent and handle card fraud effectively. Equity is also constantly upgrading its systems and processes to stay ahead of emerging threats.

If You Ever Suspect Fraud

• Call 0763 000 000 (available 24/7).
• Self-Serve Blocking: Use the Equity Mobile App or Equity Online.
• Visit a Branch: Staff will assist you.

Protect your money and your peace of mind by staying vigilant. For more information, call 0763 000 000, click Secure Banking Tips | Equity Bank Kenya for more card safety tips, or visit your nearest Equity branch.

Over 300 policy makers, investors, and businesspersons from 35 nationalities in Africa and beyond on Friday converged in Nairobi for a three-day summit that sought to explore business opportunities in Kenya.

Addressing the summit, Equity Group CEO Dr. James Mwangi urged global investors to treat East Africa as a mature investment destination, arguing that Kenya and its regional neighbors now offer the scale, stability, and demographic advantage for long-term growth.

Mwangi said the region’s fundamentals were aligning in a way that made the current moment strategically important for capital flows.

“Africa is on a journey of very rapid growth for a prolonged period,” he said. “More than 75% of our population is under 35. They are digital natives. They will be your customers and partners for the next two decades.”

The Kenya Trade and Investment Roadshow 2025 was organised by Equity Bank under the theme, “Unlocking East Africa: Kenya’s role as the Engine of Regional Prosperity.” 

The summit followed the successful Trade Mission in Rwanda, where Kenyan traders joined over 300 investors from more than 20 countries in a continental dialogue on growth and opportunity.

Mwangi asked investors to resist conservative engagement and instead pursue decisive transactional partnerships.

“Please don’t go home with your idea,” he said. “It may not be the winning idea, but it may trigger the winning idea. And it might also be the winning idea that others will build on.”

He emphasized that the roadshow was designed not as a diplomatic exchange but as a deal-making platform.

“Spend more time in the one-on-one meetings, not just having a cup of tea, but signing agreements,” he said. “And those agreements should not end with a handshake; I invite you to shake hearts as you agree.”

Mwangi presented Kenya as not merely a domestic market, but as a springboard into a broader integrated region.

“See Kenya as the hub of the East African Community, and see a population of 350 million people,” he said. “That is a sizable and growing market whose GDP per capita is rising.”

Equity Group, he said, now possesses the regional footprint and financial partnerships to support corporate expansion into East and Central Africa.

“We are systemic in six markets, and our influence will open doors for you,” he said. “The World Bank, through IFC, is our second-largest shareholder, and the Norwegian sovereign wealth fund, the largest on earth, is our largest shareholder.”

He noted that Equity’s network of partnerships across banking and development finance institutions made it capable of mobilising capital where necessary.

“I cannot personally write the cheque to fund every investment proposal, but I have built formidable partnerships, from KCB, to Ecobank, to Standard Chartered, to Absa. The opportunity is here with us. Together, we can make this work,” he said.

Africa’s natural-resource advantage, Mwangi argued, will underpin the continent’s strategic role as the world transitions to renewable energy and sustainable production.

“There will be no energy transition without strategic minerals,” he said. “Africa is over-endowed. God was very generous.”

Also addressing the forum, Rt. Hon. Lord Swire, Deputy Chairman of the Commonwealth Enterprise and Investment Council, said Kenya’s evolution into a regional economic hub reflected long-term institutional progress.

“Kenya and its growth never cease to amaze me,” he said. “The opportunities are enormous, and I am astonished by what this country has become.”

He said Commonwealth nations presented a ready trading bloc with structural efficiencies. “It is cheaper for one Commonwealth company to do business with another, an audited advantage of 19%,” he said. “Don’t forget the Commonwealth. Look closely at the opportunities within it.”

The trade roadshow continues as part of Equity’s wider international engagement programme linking Kenyan and regional companies to global capital sources.

On his part, Aliou Maiga, the Regional Industry Director for the Financial Institutions Group in Africa at the International Finance Corporation, said Africa must nurture a generation of visionaries who not only think boldly but also execute boldly.  

He noted that this mindset is critical, especially at this point in the continent’s development, where unlocking economic opportunities for a rapidly growing population will shape the continent’s long-term trajectory.

“Africa needs people who think big and make things happen,” Maiga said. “This is relevant today, given where the continent is, and the urgent need to expand economic opportunities for our population. If we are able to create the right conditions and enable people to realize their potential, the future of this continent will be secured.”

He emphasized that the World Bank Group’s role is anchored in supporting countries to build resilient and competitive economies by offering resources and expertise that catalyze sustainable growth.  

“As the World Bank, our mandate is to help develop economies by providing financial resources, technical expertise, and policy guidance to support sustainable development,” he said. “We work with governments, private sector partners, and communities to fund infrastructure, education, health systems, and innovation initiatives that can transform people’s lives.”

Maiga also highlighted East Africa as a continental pacesetter in innovation, describing the region as a fertile ground for digital transformation and entrepreneurial leadership.  

“East Africa is at the forefront of innovation, leading the way in technology, entrepreneurship, and creative solutions across Africa,” he said.  

“This region has become a hub for startups, digital platforms, and tech-driven enterprises, fostering a culture of problem-solving and forward-thinking. That innovative spirit is driving economic growth, boosting job creation, and positioning East Africa as a key player in shaping Africa’s role in the global knowledge and technology economy.”

Abraham Limo from Eldoret and Ian Njagi from Ngong were unveiled over the weekend during two energetic celebration parties held in their respective towns.

The events brought together hundreds of excited consumers, including previous prize winners who have already walked away with cash rewards, airtime, merchandise, and other exciting gifts since the campaign began.

The celebratory parties were marked with electrifying performance from Fathermoh, and heartfelt moments as family, friends, and community members came out to support the winners.

Speaking during the celebrations, Zipporah Ndung’u, Senior Brand Manager, Chrome, expressed her excitement about the overwhelming response from consumers across the country.

Abraham Limo receives his KSh 1,000,000 cheque from Fathermoh during the Chromoka Millionaire campaign handover

"The Chromoka campaign continues to inspire and energize our consumers. We are thrilled to see thousands of entries coming in daily, a true reflection of how connected our consumers feel to Chrome," she remarked.

"Celebrating Abraham and Ian is a reminder of why we do this, because every entry brings someone closer to a life-changing win. We encourage everyone to keep participating; there are still many more prizes waiting to be won.”

The Chromoka campaign has fast become one of the most rewarding consumer promotions in the country, transforming the lives of everyday Kenyans and rewarding loyalty in a big way. With two new millionaires crowned in the Rift region, the excitement continues to spread nationwide.

We encourage our consumers to keep participating for their chance to Chromoka! Na ukwachu-maprizegalang, including cash rewards, instant airtime, merchandise, and more millionaire wins are still up for grabs.

Simply purchase Chrome, scratch the label, and send the alphanumeric code to 22110 to enter the draw. Participation is only open to consumers above the age of 18 years.

65 international delegates from India, Germany, the United Kingdom, Canada, France, South Africa, and the United States also joined the Kenyans in the trade mission aimed at unlocking business opportunities, strengthening economic ties, and creating networking opportunities across the region.

Delegates who toured Rwanda represented 17 sectors, including banking and financial services, retail and e-commerce, agriculture and agribusiness, manufacturing, construction, energy, healthcare, ICT, and tourism. This broad representation reflects the mission’s appeal to businesses seeking diversification and expansion in Rwanda’s rapidly transforming economy.

After a day of high-level discussions, panel dialogues, and B2B engagements, delegates embarked on site visits to gain a firsthand understanding of Rwanda’s economic transformation and sectoral opportunities. These visits offered practical insights into the sectors driving the country’s transformation and showcased Rwanda’s efforts to position itself as a hub for regional and international trade.

The first set of visits took delegates to UFACO Ltd and DIKAM Ltd, leading textile manufacturers contributing to Rwanda’s efforts to build a competitive garment and apparel industry. Delegates were impressed by the strides Rwanda has made in developing its textile sector, which aligns with the country’s broader industrialization agenda.

At PHARMALAB Ltd, delegates were introduced to Rwanda’s expanding pharmaceutical manufacturing capabilities. PHARMALAB’s production of essential medicines and medical consumables reflects the country’s commitment to strengthening healthcare resilience through local manufacturing and reduced import dependence.

The mission also visited the Rwanda Institute for Conservation Agriculture (RICA), where delegates witnessed Rwanda’s forward-looking approach to agricultural education. RICA combines research, hands-on learning, and conservation-focused farming methods to equip graduates with practical skills essential for transforming the agricultural sector. The visit showcased how Rwanda is preparing a new generation of agribusiness leaders grounded in sustainability and innovation.

In the afternoon, delegates visited Inyange Industries, Rwanda’s leading agro-processing company, known for its dairy, juice, and bottled water products. Delegates saw firsthand how Inyange integrates advanced processing technology, stringent quality control, and a farmer-inclusive sourcing model to deliver high-quality products to both local and regional markets. The company represents a critical success story in Rwanda’s value-addition agenda.

The final stop of the day was DP World Kigali, the country’s state-of-the-art logistics and inland port facility. Delegates observed the efficiency of Rwanda’s cargo handling, customs clearance, and warehousing systems, which significantly reduce transit times and logistical bottlenecks. As a regional gateway for trade, DP World Kigali demonstrated how Rwanda is positioning itself as a land-linked hub that supports seamless regional and international market access.

Delegates left the site visits with glowing impressions of Rwanda’s economic landscape and investment potential. Amom Jeanette, a delegate from Cameroon, noted, “This mission has been eye-opening. From the business forums to the site visits, I’ve seen how intentionally Rwanda is building its economy. The professionalism, the infrastructure, and the clarity of the country’s vision really stood out. It’s a place where investors are not only welcomed but supported with an ecosystem designed for growth.”

Klau Buttner, a delegate from the United Kingdom, shared, “I have been impressed by the coherence of Rwanda’s investment landscape, from policy consistency to the efficiency at facilities like DP World Kigali and the innovation demonstrated across sectors. The mission offered a comprehensive view of the country’s potential, and it’s clear why Rwanda is becoming a destination for global investors.”

The site visits provided clarity on Rwanda’s strategic investments in manufacturing, agro-processing, pharmaceuticals, logistics, and human capital development. They also amplified the country’s reputation as a stable, predictable, and investor-friendly economy committed to long-term value creation.

With the Rwanda chapter now concluded, delegates will travel to Kenya to continue the trade mission through additional business forums, sector engagements, and on-the-ground market exploration. The momentum built in Kigali now transitions to Nairobi as Equity Group continues to facilitate cross-border trade, enterprise growth, and regional economic integration.

This year, the hotel introduces a Native-Themed Christmas, celebrating local flavours, music, and family traditions through curated dining and vibrant entertainment.

The celebrations kick off with the Christmas Eve Afro-Gourmet Special, a refined dinner highlighting African-inspired cuisine, live entertainment, and carols.

Christmas Day follows with a lively Family Fun-Day Barbeque, complete with a live band, kids’ activities, and a relaxed poolside ambience perfect for holiday bonding.

Poster of the Pulman festive specials.

Stealing the spotlight is the Cowboy Outdoor Street Party on New Year’s Eve—making Pullman the first hotel in Nairobi to host a cowboy-themed street festival.

Guests will enjoy a live country band, DJ sets, gourmet street barbecue, and a spectacular fireworks show lighting up the Upper Hill skyline. It’s bold, dynamic, and set to become Upper Hill’s signature countdown tradition.

With a New Year’s Day Family Barbeque and an extended Festive Staycation package rounding off the program, Pullman Nairobi Upper Hill positions itself as the ultimate destination for culture-forward, design-led holiday celebrations.

Poster of the Pulman New Year's Street Party

Among the delegates are 15 participants from Kenya, showcasing the strong local interest in exploring opportunities in Rwanda. The trade mission has also attracted 65 delegates from international markets, including India, Germany, the United Kingdom, Canada, France, South Africa, and the United States, reflecting the growing global confidence in East Africa as a prime destination for investment and trade. This reinforces the mission’s role in advancing both intra-African collaboration and global partnerships, with Rwanda serving as a strategic gateway for regional expansion.

 “The presence of investors, business leaders, and partners at the trade mission reaffirms Rwanda’s position as one of the most stable and attractive investment destinations in Africa,” said Antoine Kajangwe, Permanent Secretary at the Ministry of Trade and Industry, Rwanda. “The Government remains fully committed to supporting investors and creating an environment where businesses can thrive. Financial institutions such as Equity play a critical role in promoting trade and investment by bringing together government, investors, and the private sector to collaborate and unlock Rwanda’s growth potential.”

Equity Group Managing Director and CEO, Dr. James Mwangi, reiterated the mission’s significance in fostering regional integration and economic growth. He said, “This trade mission to Rwanda reflects Equity Group’s commitment to driving regional integration and economic transformation. Rwanda has positioned itself as a hub of innovation and economic growth in East Africa, serving as a gateway for regional and global trade. By connecting businesses across borders, we are forging partnerships that unlock potential, drive shared prosperity, and enable enterprises to thrive with the tools, networks, and financial solutions they need to succeed. Through our Africa Recovery and Resilience Plan (ARRP), we are championing investments that promote sustainable growth, build resilience, and accelerate economic recovery across the continent.”

The participants represent 17 sectors, including banking and financial services, retail and e-commerce, agriculture and agribusiness, manufacturing, construction, energy, healthcare, ICT, and tourism. This broad representation reflects the mission’s appeal to businesses seeking diversification and expansion in Rwanda’s evolving economy.

Welcoming the delegates, Equity Group Director of Trade Relations, AQ Hamza, spoke on the importance of trade missions in driving economic growth, building impactful business relationships, and facilitating transnational trade. He noted that the Group has successfully conducted more than 25 inbound and outbound missions over the past four years, demonstrating Equity’s dedication to connecting businesses and unlocking opportunities across the region. Hamza also emphasized Equity’s focus on empowering SMEs, recognizing their pivotal role in driving economic transformation.

“These trade missions showcase the immense potential within East Africa, with Rwanda emerging as a key hub for trade and investment. Equity is proud to support cross-border trade by equipping businesses with the resources, networks, and financial solutions they need to succeed. Through these missions, we are not only opening doors for large enterprises but also enabling SMEs to access new markets, scale their operations, and contribute to the region’s economic progress,” said Hamza.

The trade mission features a variety of activities designed to maximize engagement and collaboration among participants. Delegates will participate in networking sessions, site visits to key business hubs, and panel discussions with industry leaders, creating opportunities to exchange ideas, forge partnerships, and explore Rwanda’s business landscape firsthand.

Equity Bank Rwanda Managing Director, Hannington Namara, said Equity is committed to empowering businesses and driving regional growth. He noted that Equity Bank Rwanda provides tailored financial solutions and expertise to help businesses thrive in East Africa’s competitive markets. “Equity is proud to play a pivotal role in facilitating trade and investment across the region. Rwanda’s strategic location, business-friendly environment, and focus on innovation make it an ideal destination for investors looking to expand in East Africa. We are excited to welcome delegates to explore the wealth of opportunities our country has to offer, supported by Equity’s unmatched financial services and networks,” said Namara.

Equity Group continues to demonstrate its commitment to empowering businesses and fostering partnerships that unlock the potential of East Africa’s economies. By connecting investors with opportunities in Rwanda, the mission is expected to drive meaningful collaborations and long-term economic impact. The Rwanda trade mission follows the success of previous missions conducted by Equity Group, including the Uganda-Tanzania-Zanzibar trade missions held in 2025 as well as the Kenya-DRC, US-Tanzania, and US-Tanzania-Kenya trade missions held in 2021 and 2022

Association Vice President Zhirui Liu said that as Chinese developers deepen their presence in the market, local financial institutions have become central to navigating land purchases, project funding, and international transactions.

“Over the years, Chinese developers have become an important part of Kenya’s real estate landscape. Throughout this journey, they need a trusted partner, offering timely and professional support in land acquisition, project financing, corporate banking, and international settlement services,” Liu said.

The sentiment emerged during a networking dinner convened by the Chinese Developers Association in Kenya to discuss financing, regulatory trends, and future investment priorities.

Equity Bank Kenya Managing Director Moses Nyabanda told the developers that the lender is seeing heightened demand for structured project financing and end-to-end support.

“Our focus is to provide seamless project support, from land acquisition and construction finance to end-buyer mortgages and scheme financing,” Nyabanda said.

He added that developers are also seeking broader risk covers, noting: “We offer comprehensive insurance solutions, including fire, WIBA, medical, motor, and goods-in-transit to support project continuity.”

Chinese developers have expanded from small residential units to large mixed-use communities, but many still face hurdles, including complex land acquisition processes, evolving compliance requirements, and market-driven funding delays.

Local banks, they said, are becoming more relevant as global capital flows tighten and demand for sustainable, professionally structured financing grows.

Equity Bank MD Moses Nyabanda (right) interacts with Chinese developers and Equity staff. /PHOTO

Developers at the forum outlined priority areas for deeper collaboration: faster financing turnaround, tailored mortgage products to spur uptake among middle-income buyers, and enhanced cross-border banking for firms operating between China and Kenya.

They also called for more industry forums to address sustainability standards and shifting market conditions.

Nyabanda encouraged direct feedback, saying: “Tell us what is working, where we must improve, and what new opportunities you see. Your feedback will shape how we serve you better.”

Looking ahead, the association outlined several priority areas for partnership, including faster financing processes to accelerate project approvals and disbursements, as well as financial innovation, including tailored mortgage solutions and co-investment models.

They also said they are keen on enhanced cross-border services for developers operating between China and Kenya, as well as expressed willingness to strengthen knowledge sharing through industry forums and training to promote sustainable development.

The collaboration is keen on strengthening humanitarian support and sustainably promoting the wellbeing, financial literacy, health and resilience of communities across Kenya.

Speaking during the signing of the Memorandum of Understanding (MoU), KRCS Secretary General Dr. Ahmed Idris said the collaboration seeks to leverage the respective strengths of both institutions to enhance community preparedness and response to humanitarian emergencies.

Dr. Idris noted that the partnership will enable both organizations to work closely in designing and implementing innovative, community-driven programmes that alleviate human suffering and support long-term development.

“It is also an opportunity to co-create sustainable solutions with Equity Bank Kenya to support families affected by disasters, restore livelihoods and help communities find long-term pathways to resilience. Together, we hope to enhance access to financial literacy, economic empowerment, and dignified recovery for vulnerable households,” said Idris.

Equity Bank Kenya Managing Director Moses Nyabanda welcomed the collaboration, emphasizing Equity’s commitment to strengthening community resilience through impactful partnerships.

“This partnership allows us to blend the Red Cross’ deep expertise in humanitarian response with Equity’s strength in financial inclusion. We are keen to learn from KRCS on how best to support communities during crises, while complementing their efforts through the Equity Group Foundation’s pillars in social protection, access to finance, and livelihood restoration. Our goal is to ensure that vulnerable families not only recover from shocks but are equipped to thrive,” said Nyabanda.

He added that Equity sees the partnership as an opportunity to enhance social protection initiatives through provision of insurance solutions and to scale community support mechanisms by leveraging the bank’s financial infrastructure and outreach networks.

Under the partnership, the two organizations agreed to collaborate in several key areas aligned with their mandates, policies, and operational frameworks.

Nyabanda said the key areas include financial literacy, through the training of women and youth groups on basic budgeting, prudent borrowing, effective saving and investment. This will also include entrepreneurship and digital literacy training for vulnerable groups and provision of loans and other financial services to trained groups.

Dr. Idriss said the partnership will also enhance the delivery of cash transfers and other forms of cash and voucher assistance, with Equity serving as a financial service provider to facilitate some of the disbursement of aid through mobile money, bank accounts and other appropriate channels. In food security, the two institutions will promote smart and modernized agricultural practices, train communities in improved farming methods, and help farmers access reliable markets for their produce.

In the health sector, the collaboration will involve working with Equity Afya medical centres to expand access to medical services, supporting joint efforts to digitize health data and ensuring the provision of healthcare during emergencies. The partnership will also extend to education, where the Red Cross will assist deserving students in some of the communities they serve in applying for scholarships, while Equity scholars will be linked to the Red Cross Youth Programme for community service, life skills development, mentorship, and career guidance.

Equity will further provide general banking services to support various community initiatives. In environmental management and conservation, the partnership will champion tree-planting efforts and support communities through training and access to clean-energy technologies, contributing to sustainable ecosystem restoration and climate resilience.

This evolving landscape has seen major transformations, characterized by diverse payment methods and a quick move toward efficient, instantaneous transactions. Equity Bank’s online banking solution for business, formerly EazzyBiz, is a prime example of this progress, serving as a streamlined, intuitive platform designed to empower businesses of all sizes.

Aligned with Kenya’s rising internet adoption and growing demand for e-commerce, Equity Online for Business supports millions of customers, from SMEs and large enterprises to corporates and public institutions. With its simplified processes for managing supplier, employee payroll, and bill payments, the platform caters to both startups and large corporations alike.

The solution provides businesses with unmatched flexibility and control. Small businesses can bank anywhere, anytime, while large companies benefit from enhanced financial insights and smoother payment workflows across teams and businesses or suppliers. Its seamless integration with existing systems boosts visibility, allows for custom reports, and supports international transactions, facilitating growth in an increasingly interconnected world.

This online banking solution for businesses and corporate clients introduces a range of advanced features designed to provide seamless access to a broader array of services, including: 

• Mobile App and Virtual Account Management: Access your accounts on-the-go, giving you convenience and flexibility.
• Multiple Channels of Access: Access Equity Online for Business through web, mobile, smart devices, host-to-host, and APIs for a range of flexible touchpoints.
• Improved System Performance: Enjoy faster, smoother connectivity for your daily operations.
• Host-to-Host Connectivity: Benefit from streamlined connectivity for seamless operations between your systems and the Bank.
• Customized User Dashboards: Personalize your homepage to prioritize the services you often use, like Payments and Loans. Adjust the layout, language, appearance (Dark/Light Mode), font size, and date format to suit your preferences.
• Self-Administration: Gain control with self-service features, such as allowing a Corporate Administrator to manage users independently, including disabling accounts for former employees without contacting the Bank.
• Advanced Cashflow Management: Manage cash shortfalls and excesses across your multiple accounts.
• Revamped Look and Feel: Experience a fresh, modern design that enhances user experience.

These enhancements are designed to help businesses and corporates stay ahead, providing a more efficient, flexible, and personalized banking experience.

More than just an online portal, Equity Online for Business is a comprehensive, modern tool that addresses past challenges by ensuring reliability, ease of use, and real-time functionality. By setting a new standard in business banking, it simplifies financial management, enabling entrepreneurs to focus on what truly matters when growing their businesses.

Click https://equitybusiness.equitygroupholdings.com/ to log in to the platform.

The results underscore the resilience of the sector, as banks leverage operational efficiency, disciplined risk management, and diversified income streams to maintain profitability.

Equity Bank

Leading the sector is Equity Group Holdings, which posted a Q3 PAT of Ksh 54.1 billion, a 32 per cent increase from the same period last year. Its flagship subsidiary, Equity Bank Kenya, contributed Ksh 31.1 billion to the group’s bottom line.

A collage of logos of banks in Kenya. /LINKEDIN.FREDRICK MWAU

Equity’s strong performance was driven by robust operational execution, improved efficiency, and strategic initiatives that expanded both interest and non-interest income. 

The bank also recorded a lower cost-to-income ratio, reflecting effective management of operating expenses relative to revenue.

The group’s performance highlights its ability to grow across multiple markets, including its regional operations, and maintain leadership in Kenya’s banking sector.

KCB

Following closely is KCB Group, which reported a PAT of Ksh 47.3 billion for the nine months to September 2025.

The bank achieved strong top-line growth while exercising disciplined cost management, bringing total assets to Ksh 2.04 trillion.

KCB’s results were underpinned by fee-based income, which cushioned the bank against rising funding costs and slower loan growth in some market segments. The bank’s balance sheet strength and operational resilience confirm its position among East Africa’s largest financial institutions.

Co-Operative Bank

Co-operative Bank of Kenya also delivered a solid performance, recording a PAT of Ksh 21.56 billion, a 12.3 per cent increase from the same period in 2024. The bank maintained stable asset quality and slightly improved its cost-to-income ratio.

Co-op Bank benefited from growth in both interest and non-interest income streams, helping it achieve sustained profitability across its business lines. The lender also declared its first-ever interim dividend, signaling confidence in its financial stability and long-term capital position.

Absa Bank

Absa Bank Kenya posted a PAT of Ksh 16.9 billion, marking a 14.7 per cent rise compared to the same period last year.

The bank offset a small decline in net interest income with an 11 per cent increase in non-interest income, supported by trading revenue, transaction fees, and card-based earnings. 

Total assets grew to Ksh 554.3 billion, while customer deposits rose to Ksh 384.3 billion, demonstrating the bank’s stable balance sheet and continuing operational strength. Absa’s performance highlights its ability to maintain profitability even under macroeconomic pressure.

NCBA

NCBA Group PLC rounded out the top five, reporting a PAT of Ksh 16.4 billion, an 8.5 per cent increase from the same period in 2024. The bank’s earnings were supported by disciplined funding management and stable asset quality.

NCBA also announced an interim dividend of Ksh 2.50 per share, signaling confidence in its ongoing profitability and capital adequacy.

While NCBA’s growth was more modest than some of its larger competitors, it remains a steady contributor to the sector’s overall strength.

Taken together, these results illustrate that Kenya’s banking sector is robust and resilient. Large banks continue to dominate the market, leveraging scale, efficiency, and diverse income streams to deliver strong profits.

Mid-tier players such as NCBA maintain steady growth, highlighting the sector’s depth and competitiveness. The ranking of profits from largest to smallest — Equity, KCB, Co-operative Bank, Absa, and NCBA — also reflects the hierarchy of market influence in Kenya’s financial landscape.

Looking ahead, the banking sector is expected to remain stable, with continued focus on risk management, efficient capital use, and expansion into fee-based services.

With disciplined operations and strong balance sheets, Kenya’s banks are well-positioned to sustain growth even in a challenging economic environment, supporting both investors and customers across the region.

John Gachora, NCBA Group Managing Director, speaking at a past event. /NCBA BANK

“Right now, we are already overwhelmed. Cargo has grown so fast that our capacity has been stretched,” said Captain Ruto during a visit by Equity Bank Kenya Managing Director Moses Nyabanda.

According to Captain Ruto, despite these challenges, KPA has embraced digitized payment systems powered by Equity Bank to improve efficiency.

“You’ve made things very simple for us. Today, a customer pays from anywhere, and the gate system updates instantly. That efficiency matters,” Captain Ruto added.

In response, Nyabanda reassured KPA of Equity’s continued support, stating, “As you expand, we want Equity to be a deeper and more strategic partner.”

Beyond the port, Equity Bank extended its engagements to Autoports Freight Terminal and Kyoga Hauliers. At Autoports, Chairman Abubakar Ali Joho outlined how rapid growth in cargo volumes has stretched the company’s capacity to handle fertilizers, steel, bulk cargo, and warehousing operations.

Joho emphasized the need for financial solutions to support expansion saying, “Our group handles between 1.5 to 2 million tons of cargo a year. Logistics has changed; every day there is a shift in trade facilitation. We’re growing, but capacity is becoming a challenge.” 

At Kyoga Hauliers, Operations Director Ismail Gulam highlighted the high-risk nature of logistics, citing thin margins, fluctuating fuel costs, and reliance on working capital cycles. Gulam expressed optimism about Equity’s involvement in addressing these challenges.

Nyabanda pledged to work closely with both companies to co-create tailored financial solutions. He said, “Your growth is Kenya’s growth. We are here not just as bankers, but as partners ready to walk this journey with you.”

Equity Bank’s engagements along the Coast extended beyond logistics to address challenges in tourism, small enterprises, and renewable energy. At a Small and Medium Eenterprises (SMEs) Customer Engagement Forum in Diani, Kwale County Minister for Tourism, Trade, and Enterprise Development, Michael Mutua, described Equity’s support as “a lifeline” for local entrepreneurs.

The forum brought together small business owners, tourism operators, local leaders, and youth innovators for a high-energy dialogue on building a more resilient and inclusive coastal economy. Discussions underscored the region’s enormous potential and the urgent need for partnerships that empower Diani entrepreneurs to thrive despite economic vulnerabilities.

“Our people need financing, mentorship, and the kind of partnership that sees potential and nurtures it,” said Mutua.

Equity Coast Regional Manager highlighted the resilience of local entrepreneurs, saying, “The heart of Diani’s economy is its people. Our commitment is to walk with you on the ground and turn that resilience into measurable growth.”

Kwale County MP Fatuma Masito lauded Equity’s willingness to listen, noting, “Today, there is renewed confidence that with the right partnership, Diani’s enterprises can grow and uplift entire families.”

Equity also explored green mobility initiatives during a courtesy call on Stefan Wentzel, the Honorary Consul of Germany, at his Diani office. Wentzel highlighted the Sunny Tuk Tuk project, which aims to replace diesel-powered tuk-tuks with electric models.

“Our goal is to transform mobility by going electric, creating cleaner towns and new jobs for youth and women drivers,” said Wentzel.

Wentzel also praised Equity’s community-focused approach, saying, “What sets Equity apart is that you’ve grown organically, not through mergers or acquisitions, but by investing in people.”

Nyabanda lauded the initiative, stating, “Projects like this that combine sustainability, innovation, and job creation fit perfectly within our mission of empowering businesses to grow responsibly.”

“Kenya’s transformation will come from partnerships rooted in trust, innovation, and shared values. That’s the journey Equity is proud to lead,” he added.

The award by Kenya’s leading digital news platform comes at a time the national airline is taking a bold approach to the future of aviation, integrating profitability with sustainability. The airline is focusing on a business model that balances commercial growth with environmental responsibility.

In its first-ever standalone, externally verified 2024 Sustainability Report, the national carrier highlighted how sustainability is being woven into every aspect of its operations, from fuel and waste management to employee diversity and technological innovation.

Central to its strategy is a commitment to achieve net-zero carbon emissions by 2050, with concrete milestones set for 2030. A major part of this effort is heavy investment in Sustainable Aviation Fuel (SAF), a cleaner alternative to conventional jet fuel. Kenya Airways aims to reach a 10% SAF blend by 2030.

Collage of business leaders recognised in the TUKO.co.ke Business Awards 2025. /TUKO

In October 2025, the airline partnered with Kenyan company Bleriot SAF to establish the country’s first local SAF production facility in Kwale County, capable of producing 400 tonnes annually. The initiative is expected to reduce the airline’s carbon footprint, create jobs, and increase tree cover through energy seed crop cultivation on degraded lands.

The airline’s sustainability efforts have earned international recognition. At the 2024 SkyTeam Aviation Challenge in Jeddah, Kenya Airways won the Best Approach to Scaling SAF award and the Best Scaled Catering Solution award for reducing single-use plastics on board. 

Plastic cutlery has been replaced with bamboo alternatives, and aluminium food containers and traditional African bread baskets have been introduced in economy class, expected to eliminate 24 tonnes of plastic waste annually.

Kenya Airways also runs a plastic-to-diesel conversion plant for ground equipment and follows a strict waste management approach based on the 5Rs: Refuse, Reduce, Reuse, Recycle, Recover. Single-use plastics have been banned, nearly half of the waste is recycled, and flight food scraps are converted into animal feed.

According to Kilavuka, these initiatives reflect the airline’s commitment to sustainability, innovation, and meaningful change for both the aviation industry and the planet.

The awards, which celebrate organisations and executives driving Kenya’s economic future, recognise businesses going beyond profits to focus on purpose-driven growth and community impact.

The country’s improving economic climate, marked by falling inflation and better access to credit, has provided fertile ground for companies to innovate and invest in people, purpose, and planet.

“Our goal is to use a 10% Sustainable Aviation Fuel blend by 2030. We are also working on building Kenya’s first SAF production facility and are proud to be recognised with the “Best Approach to Scaling SAF” award,” Kilavuka remarked.

Besides Kilavuka, other winners making waves included:

• Ashish Malhotra, CEO of Airtel Kenya – Innovation and Impact Award
  Airtel Kenya continues to bridge the digital divide through initiatives like the Adopt a School Programme with UNICEF, providing over 100,000 students with access to online learning tools.
  “‘We recognise that the real power of technology lies in preparing future generations to fully harness its potential,’’ said Malhotra.

• Dr. Gamaliel Hassan, CEO of Stima Sacco – Youth Empowerment & Inclusive Growth Award
  Stima Sacco empowers young Kenyans through accessible asset financing, mortgage solutions, and investment options offering up to 16% returns.
  “We continue to sponsor the education of young people who show exceptional potential and commitment to growth,’’ said Hassan.

• Carolyne Nekesa, Head of Marketing at Minet Kenya – Community Engagement Excellence Award
  Minet Kenya has redefined corporate community engagement through initiatives like the Blooming Mums Club, supporting maternal wellness, mental health, and financial literacy.
  “We understand that beyond physical wellness, mental and emotional health are vital for thriving families and workplaces, and we go beyond our core business to create experiences that affirm and uplift…’’ said Nekesa.

• Peter Murungi, Managing Director at Vivo Energy Kenya – Sustainability and Climate Resilience Award
  Vivo Energy Kenya is accelerating clean energy adoption with LPG and solar solutions, powering schools, health centres, and small enterprises in off-grid communities.

Jacob Otieno, Managing Editor at TUKO.co.ke, praised the winners, saying, “This campaign shows that innovation and resilience are vital in uncertain times, and stories of this year’s nominees will inspire the next generation of Kenyan business visionaries.”

These leaders set a benchmark for future generations, showing that sustainable, inclusive, and purpose-driven business is the key to Kenya’s economic growth.

The TUKO.co.ke Business Leaders Awards 2025 shone a spotlight on and celebrated the resilient and socially impactful Kenyan businesses that continue to redefine success by investing in people, purpose, and planet. 

According to a press release, the team selected the nominees based on internal research highlighting the most innovative and successful companies across the country.

Despite its rich natural resources and vibrant population, Kwale County continues to face high unemployment, limited access to credit, and underutilized agricultural potential.

To address these challenges, Governor Fatuma Mohamed Achani met with Equity Bank Managing Director Moses Nyabanda and Board Director Samuel Mwale to explore ways of supporting residents in turning ideas into sustainable livelihoods.

Governor Achani praised Equity Bank for its longstanding involvement in education through scholarships and bursaries. She noted that the county is now shifting focus to economic empowerment, particularly for women, to complement its earlier investments in education.

“Equity Bank has been our major stakeholder, especially in matters of scholarships and bursaries,” said Governor Achani. “

Now, we’re focusing on empowering women through business. We’ve helped over 300 women's groups register companies, but we need a financial partner to help us manage the revolving fund that supports them.”

The governor emphasized that formalizing women’s groups into companies is only the first step. Access to financing, mentorship, and training is critical to ensuring these enterprises grow, create jobs, and contribute to the county’s economy.

Nyabanda reaffirmed the bank’s commitment to supporting Kwale’s communities, noting that Equity Bank has been present in the region since 2007 with a focus on uplifting residents.

“Women are forming companies, creating jobs, and building confidence. With our support, we can grow these businesses and boost the county’s economy,” he said.

He added that the bank’s programs help informal groups transition into structured, self-sustaining enterprises while linking education with entrepreneurship, ensuring residents can translate knowledge and skills into income-generating activities.

Board Director Mwale highlighted the county’s rich farmland, mineral deposits, and blue economy potential as avenues for creating sustainable livelihoods for residents.

“For too long, we’ve spoken of potential. Now, it’s time to turn that potential into a real opportunity. Kwale County is ready, and we are proud to be part of that transformation,” he said.

Governor Achani welcomed the partnership, noting ongoing county investments in irrigation, dam construction, and deep-sea fishing, and inviting Equity Bank to collaborate in scaling up these initiatives.

Both parties agreed to focus on sustainable financing models for women, youth employment programs, and agricultural value-chain development.

The renewed partnership marks a step toward translating Kwale County’s resources and population potential into real opportunities that benefit the people themselves, strengthening livelihoods and local economic growth.

For Dr. James Mwangi, the visionary CEO of Equity Group Holdings, this stark reality was seared into his memory during a pivotal childhood incident that would ultimately redefine the very essence of customer experience in African finance.

As a young teenager, Mwangi witnessed his mother endure a deeply humiliating encounter at a local bank. His mother, a hardworking woman who had never had the privilege of formal education, relied on her son to navigate the complexities of banking.

On one particular day, she approached the counter, only to be publicly shamed by a bank officer who loudly declared, "Grace Wanjiru Mwangi, there's no money!" before throwing her withdrawal slip back.

The issue was a simple delay in processing payments from the tea agency, leaving her account temporarily empty. But the manner of delivery, the public shaming, and the blatant disregard for her privacy and dignity left an indelible mark on young James.

This painful memory, a microcosm of the systemic exclusion and disrespect faced by countless underserved communities, became the bedrock of Mwangi's future mission.

Fast forward decades, and Dr. Mwangi found himself at the helm of a struggling building society, then known as Equity Building Society. It was here that the seeds of that childhood humiliation blossomed into a revolutionary business philosophy.

"The humiliation my mother before me helped to develop the corporate philosophy of Equity when I took over; dignity came before financial services."

Dr. Mwangi made the revelations during an interview with Transcending Boundaries Podcast, hosted by Reeta Roy, President and CEO of the Mastercard Foundation.

According to Dr. Mwangi, the experience articulates the core principle that would transform Equity from a near-insolvent entity into one of Africa's largest and most impactful financial institutions.

Dr. Mwangi understood that true financial inclusion wasn't just about offering services; it was about restoring dignity. He recognized that traditional banking practices were inherently exclusionary, designed for a privileged few and often alienating to the majority.

The incident with his mother highlighted several key barriers that needed dismantling. In the 1990s, a prospective bank customer often needed to be introduced by an existing account holder. For rural communities where banking was a rarity, this was an insurmountable hurdle.

Dr. Mwangi abolished this, asserting that a government-issued ID was sufficient proof of identity. "If the Kenyan government has given you an ID, it knows you," he reasoned, dismantling a significant psychological and practical barrier.

Furthermore, the requirement to maintain a minimum balance (often equivalent to several months' wages for many) and the imposition of monthly ledger fees, regardless of account activity, were punitive. These charges often eroded the meager savings of the poor, making banking a net loss.

Dr. Mwangi eliminated these, recognizing them as an affront to the dignity of those struggling to save.

Adding to the absurdity were restrictive withdrawal limits, such as the ludicrous rule that customers could only withdraw money once a week, or had to give 14 days' notice for larger sums. This further highlighted the Bank's disconnect from its customers' realities.

"It's your money," Dr. Mwangi declared, challenging the notion that a bank had more control over a person's funds than they did.

He understood that people needed immediate access to their money for daily needs, emergencies, or seizing small economic opportunities. These changes were not merely operational adjustments; they were profound statements of intent. They signaled a shift from a bank that dictated terms to one that understood and respected the lived experiences of its customers.

Empathy, born from personal experience, became Equity's most potent differentiator. Dr. Mwangi didn't just observe the market; he listened to the "sound of the market," sitting in villagers' homes and local shopping centers to understand their needs firsthand.

This deep understanding led to innovations that brought banking to the people, rather than expecting the people to conform to the Bank's rigid structures.

The "mobile on four wheels" initiative, deploying Land Rovers as mobile bank branches, was a direct response to the prohibitive "cost of access" – the time and money spent by rural dwellers traveling long distances to a physical branch.

This was followed by the groundbreaking agency banking model, where local shopkeepers became trusted banking agents.

This move was initially met with skepticism from the Central Bank, but Dr. Mwangi's persistence prevailed. He recognized that the shopkeeper, already a trusted figure in the community, was effectively performing intermediation. Formalizing this relationship meant banking became accessible, convenient, and culturally relevant.

Later, Equity embraced technology with Equitel, a mobile virtual network operator (MVNO) that put banking services directly onto the SIM cards of even basic feature phones. This was a crucial step in reaching those without smartphones, further democratizing access and compressing "distance and time" for millions.

Beyond transactional banking, Equity's empathy extended to addressing broader societal needs. The "Wings to Fly" scholarship program, providing comprehensive support for academically gifted but financially disadvantaged students, directly echoed Mwangi's own journey and his mother's sacrifices for his education.

This program, now expanded to include the "Elimu Scholarship Program" with partners like the World Bank, has enabled tens of thousands of students to pursue secondary and university education, boasting an astounding 97% completion rate.

Similarly, the "Equity Afya" franchise, empowering doctors from their scholarship programs to establish affordable and accessible healthcare clinics, demonstrates a holistic approach to community development.

These initiatives are not mere corporate social responsibility; they are integral to Equity's mission, creating a virtuous cycle where financial inclusion fosters education and health, which in turn drives economic growth and further financial engagement.

Dr. James Mwangi's journey from a young boy witnessing his mother's humiliation to leading a financial revolution is a powerful testament to the transformative potential of empathy.

By placing dignity and respect at the heart of its operations, Equity Group has not only built a highly successful business but has also become a profound agent of change, proving that banking can indeed be a force for good, humanizing finance one member at a time.

Watch Full Interview below: 

Founded 16 years ago as a drought-mitigation alternative for livestock from Kajiado County, Izera Ranch has transformed into a 20,000-acre ecological zone. The ranch boasts a diverse range of facilities, including structured grazing fields, solar-driven water systems, an aviation strip, and recreational and residential facilities currently under development.

The construction of a new airstrip is envisioned to serve as an emergency stopover for aircraft traveling between Mombasa, Arusha, and Nairobi. Once completed, the airstrip is expected to improve accessibility, support emergency aviation needs, and open new opportunities for agri-tourism and rapid response in the region.

A drone shot of proposed airstrip

The ranch owner, Engineer Wambugu Kariuki, says the land has undergone a remarkable journey of planning and ecological restoration. “It took time to secure leases, rehabilitate the land, and develop ecological zones. But today, Izera Ranch stands as proof that sustainable livestock farming is possible. Even as we expand infrastructure to support future growth,” he said. “In partnership with Equity, I have transformed a small operation in Kajiado into a 20,000-acre farm that balances nature and agriculture impressively.”

The ranch creates employment to about 100 community members, whose work ranges from herding to water provision and animal care. “Cattle keeping isn’t simple. You must have house workers, shelter the animals, and supply water daily. It takes a dedicated team,” he noted.

Izera Ranch is also recognized for its harmonious coexistence with wildlife. Several solar-powered boreholes continuously pump water into shallow dams accessible to wild animals, significantly reducing human-wildlife conflict. “Our duty is to ensure the wildlife has reliable access to water. The solar pumps never switch off,” Wambugu said.

Aerial image of the expansive Izera Ranch provides a comprehensive view of the farm and its surroundings

Izera Ranch’s innovative model has not only transformed local agriculture but also captured the attention of key industry players. Equity, led by Equity Bank Kenya Managing Director, Moses Nyabanda, visited the ranch to explore potential partnerships that could replicate and scale such agribusiness success stories across the country. This engagement highlights the growing recognition that sustainable farming practices -when aligned with financial support and strategic collaboration - can drive both economic growth and environmental resilience nationwide.

After touring the ranch, Nyabanda commended the operation as a strong example of resilience and innovation in Kenya’s agricultural landscape. “Engineer Wambugu reflects the spirit of growth Equity stands for,” he said.

A section of the Equity Bank Kenya Exco team admires a herd of billy goats grazing at the ranch, getting an up-close look at the farm’s livestock operations

The Managing Director applauded the ranch for its impressive strides, highlighting the Izera Ranch’s 2,000 free-range cattle, improved breeding through international genetics, and enhanced overall productivity, which are pillars of Equity’s Africa Recovery and Resilience Plan. “Workers here are drawn from surrounding local communities, and we intend to empower them with financial knowledge and access to affordable products ranging from developmental loans, education financing, or support to start small businesses,” he added.

Both parties expressed confidence in the road ahead. “The future matters more than the past,” Engineer Wambugu remarked. “We have the potential, and Equity has the expertise. Together, we can unlock transformative opportunities.”

With its balance of livestock, wildlife, and innovation, Izera Ranch continues to stand out as a blueprint for what sustainable agriculture can look like in Kenya’s rangelands.

A view of the young goats safely enclosed in a pen, exploring their space at the ranch

Phishing, a common cybercrime tactic, involves scammers impersonating trusted entities to deceive individuals into revealing sensitive information like passwords, PINs, or financial details. With AI, these attacks have become more convincing and harder to detect as scammers continue creating hyper-realistic phishing emails, texts, and websites that are nearly indistinguishable from legitimate communication.

A recent report by cybersecurity firm Kaspersky highlights the alarming rise of AI-enabled scams, raising concerns about the safety of Kenyan users and businesses. The report revealed that over 142 million phishing link clicks were blocked globally in just three months to June 2025, with Africa recording a sharp 25.7 percent increase in attacks.

Fraudsters are also using AI-generated videos and voice cloning to impersonate executives or officials, tricking victims into disclosing sensitive information or granting unauthorized access to accounts.

#KataaUtapeli #KaaChonjo

Take Judy, for example. She received an urgent message claiming to be from her bank, asking her to verify her account through a link. The link directed her to a website that closely resembled her bank’s official platform. As part of the verification process, the site requested access to her smartphone camera to "confirm her identity" using facial recognition.

Judy hesitated but remembered her bank’s advice to always verify such requests. She called her bank’s official customer service line, where she was informed that the message was a scam. The bank explained that it would never ask for facial identifiers or account verification through such links. Judy’s quick thinking and decision to contact her bank saved her from falling victim to fraudsters who could have used her biometric data to access her accounts.

How to Avoid AI-Driven Scams

• Verify Links: Avoid clicking on unsolicited links; confirm directly with your bank.
• Protect Biometric Data: Never grant camera or microphone access unless necessary. Do not grant biometric data to suspicious websites.
• Secure Devices: Use strong passwords and enable two-factor authentication.
• Avoid Public Wi-Fi: Use mobile data for sensitive transactions.
• Stay Alert: Report suspicious messages or calls to your bank immediately.

Essential Security Tips to Protect Yourself

Equity Bank is committed to safeguarding its customers. Follow these tips to stay safe and avoid scams. 

• Keep your PIN, CVV, passwords, and OTPs private; Don’t share. Your bank will never ask for them.
• Verify all transaction details on the POS or mobile screen before approving.
• Avoid public Wi-Fi for online banking; use mobile data instead.
• Memorize your PIN, keep it confidential, and shield the keypad when entering it.
• Use unique passwords for banking and social media accounts.
• Download banking apps only from official app stores and enable two-factor authentication.
• If your card gets stuck at an ATM, do not leave or accept help; call your bank immediately.
• Confirm payment instructions directly with your bank before transferring money.
• Report lost IDs or passports to your bank and the relevant authorities without delay.
• Regularly monitor your accounts for unusual activity and report any suspicious transactions.
• Be cautious of calls or messages from unknown numbers; official Equity Bank calls come from 0763 000 000.
• Equity Bank will NEVER call you to ask you to top up your airtime.
• Equity Bank will NEVER call you to threaten to close your bank account because of prolonged inactivity.
• Equity Bank will NEVER call you to read out and guide you to enter “activation codes”.
• Report suspicious SMS or phone numbers to 333 for FREE.

Be Vigilant: Stay One Step Ahead of Fraudsters

Fraudsters are constantly evolving their tactics, but you can stay ahead by following these security measures. Protect your biometric data, verify all communication, and ensure your hard-earned money stays safe.

For more tips on secure banking, visit: Secure Banking Tips | Equity Bank Kenya.

#KataaUtapeli #KaaChonjo

The two-day event, set for December 10–11, 2025, will be hosted by CFA Society East Africa in partnership with CFA Institute and several regional chapters, including CFA Societies in South Africa, Nigeria, Egypt, Ghana, and Mauritius.

Under the theme “Africa Investing in Africa: Solutions to Challenges,” the summit will tackle some of the continent’s biggest economic hurdles — from breaking barriers to intra-African capital flows, to scaling homegrown infrastructure and innovation models, to strengthening alliances between African nations.

“With AfCFTA unlocking a single market of 1.3 billion people, this is Africa’s moment to turn policy into prosperity,” said Francis Nasyomba, CFA, President of CFA Society East Africa.

Poster for the upcoming Africa Investment Conference (AfIC). /AFIC

Nasyomba noted that African countries are increasingly proving that sustainable growth can be driven from within.

“Africa is no longer looking outward for answers. The solutions we need already exist within the continent,” he said. “Ethiopia has mobilized domestic capital to expand infrastructure."

"Rwanda has leapfrogged through innovation and partnerships. Egypt has built capacity through strong sovereign wealth strategies. The success stories are real — what we need now is to replicate and scale these models across Africa.”

The conference will bring together leaders from sovereign wealth funds, development finance institutions (DFIs), pension funds, capital markets authorities, and investment promotion agencies, alongside tech disruptors shaping Africa’s next investment wave.

Panel discussions and case studies will explore how Africa can close its internal investment gap, with only 16% of investments in Africa currently coming from within the continent.

AfIC 2025 will also spotlight sustainable finance, from green bonds and carbon markets to gender-focused investment strategies.

“As ESG standards take center stage globally, Africa must strike a balance between responsible investing and inclusive development,” Nasyomba added. “We want to highlight the innovators proving that sustainability and growth can go hand in hand.”

More than just another financial summit, AfIC 2025 is positioning itself as a continental call to action — a space where African-led ideas, African capital, and African alliances converge to rewrite the continent’s investment story.

By pushing for homegrown, scalable solutions, the Nairobi conference is expected to set the tone for a new era of self-driven, collaborative African prosperity.

The invite-only affair — jointly curated by The Macallan, Sandstorm Africa, and NCBA Bank — brought together some of the Coast’s wealthiest investors and business leaders for a night defined by refinement, culture, and the art of indulgence.

Guests were treated to a sensory experience of rare whisky tastings, bespoke cocktails, and handcrafted leather gifts from Sandstorm, all set against the serene backdrop of Diani’s white sands and turquoise waters.

Beyond the glamour, the soirée also marked a meeting point for Kenya’s emerging class of ultra-affluent investors. According to the Africa Wealth Report 2025, Kenya now ranks fifth on the continent, home to more than 6,800 high-net-worth individuals — a demographic that has increasingly embraced luxury experiences as part of their lifestyle and identity.

From left to right, Jesse Masiga-NCBA Head Of Wealth Management and Platinum Banking, Jacquie Muhati- NCBA Deputy Director Marketing And Bernard Matimu- NCBA Head Of Trading And Global Markets

“For today’s discerning clientele, experiences go beyond mere luxury; they embody identity, access, and a sense of belonging,” said Muathi Kilonzo, Managing Director of NCBA Investment Bank, during the event.

The Macallan, known globally for its legacy of single malt whisky craftsmanship, described the partnership as a natural fit for its brand ethos.

“At The Macallan, craftsmanship, authenticity, and mastery are core to our heritage. Collaborating with NCBA in Kenya enables us to share this experience directly with guests,” the brand said in a statement.

Adding a distinctly Kenyan touch, Sandstorm Africa curated custom gifting and lifestyle elements for the evening — from handcrafted leather accessories to bespoke packaging — highlighting local artistry in a luxury context.

“As a brand born in Kenya and rooted in craftsmanship, we are proud to be part of creating meaningful, elevated lifestyle experiences for clients who value artistry, culture, and timeless quality,” said Shem Opiyo, CEO of Sandstorm Africa.

With fine whisky flowing, conversations stretched from global markets to local investment trends, underscoring how luxury events are increasingly doubling as networking hubs for Kenya’s wealthy elite.

The Diani soirée signaled a growing appetite for experiences that merge opulence with exclusivity — and hinted that Kenya’s coastal paradise may soon rival traditional luxury hotspots for the region’s wealthiest circles.

The exclusive forum, which operates in 33 countries, connects executives from companies posting at least US $5 million (around Ksh 646 million) in annual revenue, offering access to a network of global decision-makers and cross-border partnerships.

The Kenya chapter is being spearheaded by Lilian Gachoki and Nancy Githuku-Kihika, both seasoned entrepreneurs who secured the local franchise rights.

The launch event drew influential figures, including Sri Rathi, the Global Vice President of CorporateConnections, signaling strong international confidence in Kenya’s business scene.

Mwenda Thuranira, Chapter Chair for CorporateConnections-Kenya (second from left), shakes hands with Mr Sri Rathi, Global Vice President (second from right), joined by National Directors Lilian Gachoki (left) and Nancy Githuku-Kihika (right) at the launch event in Nairobi. /VIRAL TEA KE

Rathi said Kenya’s entry into the network comes at a critical time for the nation’s economy. “Kenya is entering a defining stage in economic development, and the role of high-performing organizations is more critical than ever before,” he said. 

“The launch of CorporateConnections in Kenya raises the bar for what business collaboration can achieve in this market.”

He added that Kenya’s inclusion marks a major milestone for Africa’s business landscape. "Kenya has solidified its position as a business and innovation hub on the continent," he continued.

"Launching CorporateConnections here is both a strategic and symbolic move, signifying the kind of economic leadership and global mindset the country is ready to project."

CorporateConnections positions itself as more than just another networking group. It’s designed for peer-level collaboration, connecting top executives to forge partnerships, exchange ideas, and drive large-scale impact across industries.

National Director Lilian Gachoki said the Kenya launch aims to unite leaders who see business as a tool for transformation, not just profit. “Being part of CorporateConnections-Kenya means stepping into a circle of leaders who are committed not just to business growth, but to driving impact with purpose,” she remarked.

Her co-director, Nancy Githuku-Kihika, echoed that sentiment, emphasizing the forum’s potential to unlock new business synergies.

“Our vision is to create a thriving ecosystem where leaders can connect, collaborate, and co-create value that extends beyond national borders. CorporateConnections is where great minds meet to make extraordinary things happen,” she weighed in.

With its arrival in Nairobi, CorporateConnections is looking to reshape Kenya’s executive networking game — linking local business heavyweights to a global league of power players driving innovation and influence across continents.

The partnership will roll out a comprehensive Digital Academy comprised of over 65,000 free online upskilling and certification resources through the iamtheCODE Program, combining STEAMD curriculum, leadership workshops, mentorship opportunities, and open-source online courses. The program is designed for inclusive access for women, girls, and youth, with particular emphasis on access for underserved communities.

Building on Equity Group Foundation’s successful initiatives, such as Wings to Fly and the Equity Leadership Program, which have supported over 60,000 young people through secondary education and 29,515 in public universities, the partnership will expand its impact to include refugees and vulnerable communities, empowering them to achieve economic independence.

Speaking at the signing of the MoU, Dr. James Mwangi, Executive Chairman of Equity Group Foundation, emphasized the partnership’s critical role in equipping Africa’s youth with future-ready skills. He noted that while education and certificates are common, employers increasingly demand work-ready skills such as AI, coding, data analytics, and data engineering, which remain scarce even in the formal sector.

“The coming together with iamtheCODE and Equity Group is a huge opportunity for us to enhance and expand our capacity to support young people, not just with education, but also with technical skills, what one would call the skills of the future. Employability is increasingly becoming difficult if you don’t have the right skills. Africa will not take the same path that other continents took. It will leverage and leapfrog on technology, positioning itself to not only catch up but to easily be ahead of the rest of the world in innovation and economic transformation,” said Dr. Mwangi. “As a continent, we have the advantage of a youthful population, with a mean age of 18. They are digital natives and will quickly embrace the skills of their time. They will be well-prepared as they finish school with coding skills for the job market.”

He added, “IamtheCODE is providing access to 600,000 licenses, meaning we can reach 600,000 young people with technical skills that could allow them to live in Africa but work for the rest of the world, because coding skills are scarce globally. It is clear that this partnership is not just about training but about creating opportunities. These skills will enable young people to compete, earn a livelihood, and contribute meaningfully to their families, communities, and Africa’s economic transformation.”

iamtheCODE, which operates in 89 countries, offers over 65,000 courses, making it one of the most comprehensive and scalable platforms for digital skills development. With a goal of reskilling 1 million female learners of all ages globally by 2030, the program is designed to meet the growing demand for employability skills worldwide. The platform also includes a mentoring component, providing learners with access to global networks and expertise to guide their professional growth.

Lady Mariéme Jamme, Founder and CEO of iamtheCODE, emphasised the urgency of upskilling Africa’s youth, underserved communities, and refugees with the technical, life, and soft skills required to thrive in a rapidly changing world. “We are in emergency mode in Africa right now. We need to make sure that our people are skilled. We cannot just sit and wait.  These young people, along with the communities and refugees Equity is serving, are eagerly waiting for the opportunity to gain essential skills. This partnership with Equity Group represents the spirit of collaboration Africa needs. Together, we will ensure that every girl, no matter where she comes from, can learn, innovate, and lead in the digital economy.”

She also highlighted the transformative power of skills in restoring dignity and creating opportunities for young people. “We need to restore dignity to people. When people have dignity, they gain skills, and with those skills, they achieve freedom. To truly emancipate our people, we must equip them with the tools to succeed.  With the right skills, individuals can apply for jobs, earn a livelihood, and achieve financial independence. The iamtheCODE platform has the potential to train many data clerks, Excel specialists, and cybersecurity professionals,” she said.

In addition to technical training, the program focuses on equipping learners with essential life skills such as collaboration, empathy, and teamwork to ensure they are well-prepared for the modern workplace. Equity Group will support participants by offering loans to purchase tools like computers, providing internships, and offering startup capital for those looking to launch their own businesses. It will also connect graduates of the program to its 23 million customers, helping small businesses digitize their operations and drive broader economic growth.

Additionally, iamtheCODE’s evidence-based approach will track and showcase the program’s success, measuring the number of coders, project managers, and cybersecurity experts trained to ensure accountability and impact.

This collaboration aligns with Kenya Vision 2030, the African Union’s Agenda 2063, and the United Nations Sustainable Development Goals (SDGs), particularly SDG 4 (Quality Education), SDG 5 (Gender Equality), and SDG 9 (Industry, Innovation, and Infrastructure). It also aligns with Equity’s vision of driving private sector–led development financing and its Africa Recovery and Resilience Plan (ARRP). The Plan aims to drive economic recovery and development across the continent, particularly in key markets where Equity operates, including Kenya, Uganda, Tanzania, Rwanda, South Sudan, the Democratic Republic of Congo, and Ethiopia, where it established a Commercial Representative Office.

Despite the growth of pension assets to Ksh2.25 trillion in December 2024, only 19% of the workforce actively contributes to a pension scheme, highlighting the need for more inclusive initiatives to secure financial independence for all Kenyans. Thus, 80% of Kenyans are excluded from pension schemes.

This reality was emphasized at the 3rd East African Pensions Expo and Conference held in Nairobi, which brought together industry leaders, policymakers, and stakeholders to address the challenges of low pension coverage and old-age poverty, under the theme Retirement Planning: Get Started Now.

Speaking at the conference, Director of Pensions at the National Treasury, Michael Kagika, emphasized that a dignified retirement requires deliberate planning. He noted that while pension assets have grown to over Ksh2.5 trillion, representing 15.2% of Kenya’s Gross Domestic Product, inclusion remains low, with Small Medium-sized Enterprises largely excluded. Many workers, he added, continue to neglect saving for their future.

Calvince Onduru, Deputy Managing Director of Equity Life Assurance Kenya (ELAK), concurred, highlighting the dangers of relying on children to provide financial support in old age and stressing the importance of planning early. He compared retirement saving to the baobab tree, which stores water in the wet season to survive dry periods and continues to provide for the community. “There are people who invest in children as their retirement plan, only to be disappointed in their 20 to 30 years of post-work years,” he said.

Onduru outlined key steps to address the pension gap, emphasizing the importance of financial literacy that empowers people with knowledge, not just products. He also called for leveraging digital access to reach the informal sector and SMEs and for building trust and transparency, so members see real value in every contribution. “Retirement is not an event — it’s a journey. And that journey begins the moment we earn our first shilling,” he added, urging the public to start saving early.

At the conference, Equity Life Assurance showcased its role in transforming the pension landscape by offering tailored solutions for individuals in formal employment, SMEs, and the informal sector, which accounts for 83.7% of total employment yet remains largely excluded from retirement systems. In 2025, Equity Life Assurance achieved 58% growth in Gross Written Premiums to KSh3.8 billion, with total assets rising by 28% to KSh28.6 billion, demonstrating its ability to deliver accessible and affordable retirement planning solutions.

Nation Media Group (NMG) CEO Geoffrey Odundo further emphasized the urgency of retirement planning, pointing out that many Kenyans delay saving for pensions until it is too late. “People don’t take pensions seriously until five years to retirement, which is usually too late to change the course of the future,” he said.

Odundo advised against investing pensions in risky ventures like businesses, instead recommending annuities or pension plans to ensure financial security. “When you retire, your phone goes silent,” he added, offering practical advice for retirees. “Buy an annuity or pension plan where there is a tax-free option; join a social circle like the Pension Club International for interaction with other retirees; do something you like to keep mentally alert and keep close interaction with your family. Being idle is not useful.”

Lazarus Keizi, Director of Research, Strategy, and Planning at the Retirement Benefits Authority (RBA) also addressed the issue of insufficient savings, emphasizing the importance of pension portability. “Many people lack sufficient pension funds because they access their benefits when changing jobs, using up their savings before retirement. To guarantee comfort and independence during retirement, we need pension portability upon changing jobs. The end game of these transfers is dignity in retirement.”

Policymakers, industry players, and the public were urged to collaborate to close the pension gap. Among the solutions highlighted to expand pension coverage was the National Treasury’s Kenya National Entrepreneurs Saving Trust (KNEST), which enables flexible contributions from as little as Ksh50, particularly for informal workers alongside Equity Life Assurance products.

During the quarter, the global environment demonstrated resilience with slightly stronger economic growth expected for the year. Easing global inflation rates has been helpful in an international landscape increasingly shaped by trade tensions and fragmentation. Most East African economies will retain the benefits of lower global oil prices which usefully combine with high prices in export commodities such as gold, copper, and coffee. Africa stands out as one of the most resilient regions, with nine of the top twenty fastest growing economies in the world for 2025 from the continent.

In East Africa, Rwanda and Uganda are global growth leaders with regional economic momentum supported by Tanzania and Kenya especially. Inflation trends generally support stability with low inflation in Kenya, Uganda, Tanzania, and substantial easing in the DRC. While the region still stands to be comparatively better off regarding new trade tariffs, the end of the Africa Growth and Opportunity Act presents a mixed bag that will need to be monitored.

The Group has developed and mapped its 2030 strategic plan to anchor the Africa Recovery and Resilience Plan (ARRP), with an ambition to have a presence in 15 countries and serve a hundred million customers by 2030. This ambition has necessitated the evolution of the core pillars, key enablers, and critical success factors. Governance and leadership continue to strengthen, focusing on capacity, competence, transparency, and experience. Systems and infrastructure have been fully replaced with scalable, next-generation, Fourth Industrial Revolution technologies that are digital, machine learning–enabled, and based on Generative Artificial Intelligence (GAI), with data analytics at the center of the Group’s strategy. Applications that leverage the capabilities of these systems and infrastructure, with inbuilt enhanced security and innovations, are being deployed. A go-to-market strategy has been developed for the roll-out of these transformational capabilities, delivered by a modern product house to enhance customer value propositions and solutions.

This allows the Group to serve a more diverse and segmented member market on the basis of industries, sectors, demographics, and customer-specific status. The Group’s organizational culture is undergoing transformation to embed customer centricity and market responsiveness as core values, integrity, professionalism, creativity, innovation, and teamwork, fostering a fit-for-purpose human capital corps and attracting and retaining talented, skilled, and experienced staff.

Anchored in the ARRP and its Tri-Engine Business Model, the Group is demonstrating how financial institutions can catalyze inclusive and sustainable growth by aligning private capital with national and regional development priorities. Through blended finance, strategic partnerships, and ecosystem-building across key value chains, the Group is crowding in private investment to complement public efforts, strengthen resilience, and unlock enterprise-driven transformation. This approach positions Equity Group not merely as a bank, but as an integrated Transformation Finance Institution, bridging philanthropy, development finance, and commercial capital to deliver sustainable prosperity across Africa.

Commenting on the third quarter 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi said, “The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group.”

Equity Group's Q3 2025 performance was marked by a 32% year-on-year increase in Profit After Tax, reaching Kshs 54.1 billion up from Kshs 40.9 billion, alongside strong profitability ratios with Return on Average Equity (RoAE) at 26.4% and Return on Average Assets (RoAA) at 4.1%. The Group demonstrated effective revenue diversification, as evidenced by a 16% growth in net interest income and 3% growth in non-funded income. The Group also achieved improved efficiency, with the cost-to-income ratio significantly reduced to 50.6% from 55.1%, while strong asset quality was maintained through an increase in non-performing loans (NPL) coverage to 71.4% and a contained cost of risk at 1.9%.

"Our Q3 2025 performance reflects the strength of our diversified tri-engine business model, operational efficiency, and continued commitment to transforming lives," said Dr. James Mwangi, Equity Group Managing Director and CEO. "By empowering MSMEs, leveraging digital platforms, and aligning with Africa’s socio-economic and sustainability priorities, we continue to drive inclusive growth and create shared prosperity. We are particularly proud of our regional subsidiaries, which have demonstrated resilience and contributed significantly to our overall performance."

In Kenya, Equity Bank reported a strong performance with Profit after Tax rising by 51% to Kshs. 31.1 billion up from Kshs. 20.6 billion in the previous period. Net interest income grew by 27% to Kshs. 53.6 billion from Kshs. 42.0 billion, supported by a 34% decline in interest expenses, which reduced to Kshs. 25.1 billion from Kshs. 38.0 billion. Consequently, total equity expanded by 36% to Kshs. 171.4 billion up from Kshs. 126.1 billion. Equity Bank Kenya sustained its MSME banking leadership, disbursing 45% of the Kshs 201 billion MSME loans in Kenya between January and July 2025, and the Equity Insurance Group reported a 71% increase in gross written premiums, contributing to a 36% growth in profit before tax. Regional subsidiaries also made significant contributions, with Equity BCDC (DRC) recording 19% YoY l oan growth and Equity Bank Rwanda achieving 34% YoY loan growth. The strong growth of the region provides a long-term runway and headways for sustained growth of the Group.

“We appreciate our customers for their continued support and patience throughout our transformation journey, despite the challenges experienced during the period,” said Dr. James Mwangi, Equity Group Managing Director and CEO. “This transformation marks our evolution into a one-stop financial services provider, offering borrowing, investing, insurance, payments, and savings solutions seamlessly, 24 hours a day. With system stability now fully restored, we are focused on expanding our product offerings to better serve our customers and enhance their opportunities for wealth creation. Importantly, this transformation has not changed our true north, our unwavering commitment to supporting micro, small, and medium enterprises. We are proud that industry data shows Equity is home to 45% of all SME loans disbursed this year. We remain dedicated to exploring greater opportunities to make this our core focus.”

Regional diversification continues to transform Equity Group from a Kenyan bank to a regional powerhouse, with 50% of deposits, 53% of the loan book, 50% of total banking assets, and 49% of Group banking revenue originating from regional subsidiaries. This regional banking business has been value creating, contributing 45% of Profit before Tax and 42% of Profit after Tax of the banking business.

In the DRC, Profit after Tax increased by 21% to Kshs. 13.8 billion up from Kshs. 11.4 billion. Loans and advances grew by 19% to Kshs. 302.7 billion, up from Kshs. 253.5 billion, funded by a corresponding decline in cash holdings from Kshs. 275 billion Kshs. 259.3 billion. Total equity rose by 28% to Kshs. 88.8 billion, up from Kshs. 69.4 billion.

In Uganda, Profit after Tax recorded a significant 61% increase to Kshs. 2.9 billion, up from Kshs. 1.8 billion. Investment securities grew by 23% to Kshs. 39.6 billion from Kshs. 32.1 billion, while total equity rose by 23% to Kshs. 18.5 billion, compared to Kshs. 15.8 billion previously.

In Rwanda, total assets expanded by 5% to Kshs. 122.9 billion, up from Kshs. 116.6 billion, driven by a 34% growth in the loan book, which increased to Kshs. 62.3 billion up from Kshs. 46.4 billion. Total equity also recorded an 18% increase to Kshs. 19.6 billion, up from Kshs. 16.6 billion.

In Tanzania, Profit after Tax almost doubled, growing by 88% to Kshs. 1.5 billion, up from Kshs. 0.8 billion. Shareholders’ funds rose by 83% to Kshs. 12.1 billion, up from Kshs. 6.6 billion, while loans and advances grew by 51% to Kshs. 37.4 billion, compared to Kshs. 24.8 billion in the previous period.

Equity Group's Q3 2025 results highlight a robust 32% surge in Profit After Tax to Kshs 54.1 billion up from Kshs 40.9 billion driven by strong growth in total assets, net loans, and a significant 34% increase in shareholders' funds.

On business diversification, the Group’s growth in the insurance industry is transforming the Group from a Banking Group into an integrated financial services Group that is powered by technology. Equity Group has now secured three (3) underwriting licenses for life insurance, general insurance, and health insurance. This enables the Group to provide customers with the holistic tools of risk management to protect their lives, their health, and their wealth. Equity Insurance Group registered a 36% growth in Profit before Tax to Kshs.1.46 billion up from Kshs. 1.07 billion in the prior year. This growth is supported by a 71% increase in gross written premiums of Kshs. 6.55 billion up from Kshs. 3.83 billion. Insurance revenue grew by 57% to Kshs.2.46 billion up from Kshs. 1.57 billion in the prior year whilst the Balance Sheet grew by 36% to Kshs.32.1billion up from Kshs. 23.7 billion.

In its 3rd year of operations, the life insurance business has become the third largest group credit insurance company with a market share of 8% of group and credit life, 3rd in return on equity and 4th in profitability. Equity Life Assurance saw its gross written premiums grow by 28% to Kshs.4.9 billion, up from Kshs.3.8 billion, with net insurance and investment revenue growing by 20% to Kshs. 1.39 billion up from Kshs.1.16 billion and with profit before tax rising by 21% to Kshs. 1.3 billion Kshs.1.1 billion. Insurance contract liabilities grew by 18% to Kshs. 23.3 billion from Kshs.19.7 billion. Total assets increased to Kshs. 29.5 billion, up from Kshs 23.7 billion. Return on average equity stood at 37.7% with a return on average assets of 4.5%. Equity Life Assurance has served 6.8 million unique customers with insurance solutions and has issued 17.8 million policies to date. 

Equity General Insurance began operations this year and has had a strong start. With gross written premiums of Kshs.1.67 billion within the first 9 months, the business generated insurance revenue of Kshs.1.01 billion to register a profit before tax of Kshs. 140 million, a 19.0% return on average equity and 8.0% return on average assets. Total assets stood at Kshs. 2.3 billion as capital adequacy rose to 126%, a reflection of strong underwriting culture and risk management practices.

Equity Health Insurance, which was licensed in July this year, has, by the end of the quarter, underwritten gross written premiums of Kshs. 5 million and closed at a profit before tax of Kshs. 23 million. Equity Health Insurance registered a return on average equity of 2.6%, return on average assets of 1.9%, and total assets of Kshs. 831 million. 

The insurance subsidiaries show strong growth momentum with enormous headroom to contribute towards the increase in insurance penetration in East Africa from an average of 1.34% to eventual double digits. By demonstrating a decent start in achieving break even within 6 months of operation for each of the subsidiaries, the diversified business is poised to contribute towards increased profitability and return on equity to the overall Equity Group performance.

The non-banking businesses, the technology and insurance Group, raised their total contribution to Group assets from 1.5% to 1.9% year on year and revenue to 3% up from 2.8%. The non-banking Group generated a return on Equity of 38% and a return on assets of 6.6% compared to return on Equity of 26% and return on assets of 3.7% of banking group and return on equity of 26.% and 4.1% of return on assets of the entire Group.

The investment in systems to create convenience with compression of distance and time for customers has led to a transformation of the business delivery model with migration from fixed and variable cost channels to self-service channels. While over 98% of transactions happen outside the branch, 87.4% of these happen on digital channels delivering unparalleled ease and convenience of 24 hour banking.

The Group’s loan book quality remains stable with Group NPL ratio having peaked to 14.0% in Q1 2025 from 13.4% in Q3 2024 to 12.1 in Q3 2025, driven by improvement in NPL ratios of Equity Bank Tanzania 2.7%, down from 11.1% and Equity Bank Uganda which registered NPL ratio of 8.8%, down from 20.9%. Equity Group outperformed the Kenyan industry registering NPL ratio of 12.1% against industry average ratio of 17.1% as at September 2025, while maintaining an IFRS NPL coverage of 71.4%. The Group’s cost of risk declined from 2.1% to 1.9% year on year.

“Technology remains central to the Group’s strong operational performance and strategic resilience. During the quarter, we further improved system reliability, launched key digital integrations across markets, strengthened fraud controls, and advanced our AI and data governance frameworks. Through investments in modern architecture, emerging AI and data capabilities and the transformation to platform-based business models with integrated ecosystems, we have future-proofed our operations and enhanced service uptime and stability across all markets. This approach not only strengthens brand trust and customer confidence but also positions the Group to capture emerging opportunities in digital finance, data innovation and ecommerce,” said  Dr Mwangi, who concluded, “As part of our multi-year information security transformation and remediation program, we continue to invest heavily in security and compliance frameworks aligned with regulatory expectations and  international standards such as ISO 27001 and PCI-DSS. These investments assure data protection and safeguard our digital ecosystem as transaction volumes and API integrations scale,” said Dr Mwangi and continued.

“The strong growth in the region presents a long-term runway and significant headroom for sustained expansion of the Group. We are deeply grateful to our customers for their continued support throughout the transformation journey, for their patience and resilience during the temporary system disruptions. These changes are part of our commitment to building a transformative institution: a one-stop financial services provider enabling customers to save, borrow, insure, invest, and transact seamlessly on a 24-hour basis. We are pleased to share that the system instability is now behind us. Our focus has shifted to product innovation, with our product houses actively rolling out new offerings to empower our customers and unlock greater opportunities for wealth creation. Importantly, this transformation has not altered our true north, our unwavering commitment to micro, small, and medium enterprises. We are proud to be recognized in the recent banking industry survey as the home of 45% of all SME loans disbursed between January and July this year. We remain dedicated to expanding this impact and exploring new avenues to support SMEs as our core focus.’’

In Q3 2025, the Equity Group Foundation (EGF) continued to advance its mission of transforming lives and expanding opportunities across the East and Central Africa region through its social impact investment initiatives and pillars of impact. The Education and Leadership Development pillar celebrated exceptional results in its Equity Leaders Program where 145 of its scholars received fully funded global university scholarships worth Kshs 3.8 billion (USD 29.47 million). This included 16 placements to Ivy League institutions including Harvard (4), Princeton (8), Columbia (2), and the University of Pennsylvania (2), bringing the cumulative number of ELPs admitted to global universities to 1,115, with 224 Ivy League placements to date. Across the Enterprise Development and Financial Inclusion pillar, 30,000 entrepreneurs received training and 91,000 MSMEs accessed Kshs 38 billion in credit, and earning Equity the 2025 Think Business Award for Best Bank in Financial Literacy. Additionally, the Kenya Bankers Association ranked Equity Bank as the market leader in SME lending with over Kshs 90.727B disbursed to SMEs in FY2025 as of July 2025.

To Date, under the Young Africa Works program in partnership with the Mastercard Foundation, Equity Group Foundation has mobilized 720,968 previously underserved MSMEs for economic empowerment interventions. Kshs 78 billion has been disbursed in loans to MSMEs within the program, by a USD $20M Credit Guarantee.

Through the Food and Agriculture pillar and the Energy, Environment, and Climate Change pillar, 80,000 farmers were trained in the quarter on climate-smart agriculture, while cumulatively over 535,000 clean-energy solutions have been distributed, positively impacting 2.1 million people, with 39.6 million trees planted to restore natural ecosystems and resilience.

In deepening social and health inclusion EGF has, through the facilitation of a USD 20 million risk-sharing facility with IFC, continued to extend financial access to refugees and host communities in 14 counties, while Equity Afya expanded its reach to 147 medical centres in both Kenya and the DRC, that have served over 4.3 million patient visits, anchored on SafeCare international quality accreditation.

Underpinning these pillars, EGF is leveraging its Innovation and Technology pillar with a target to train over 600,000 young people on advanced technologies such as AI, machine learning and data analytics through partnerships with iamtheCODE, Huawei and WorldQuant University, along with a focus on strengthened impact measurement through the global Sustainable Disclosure Impact Data (SDID) Reporting framework. Recognized with the Sustainable CSR Award 2025, EGF continues to demonstrate how integrated investments in education, enterprise, health, and climate resilience can deliver inclusive growth and sustainable returns for Africa’s people and its partners.

Equity Bank was named the "Best Regional Bank in East Africa” at the African Banker Awards 2025 and retained title as Kenya's most valuable brand in 2025, for the second year running. These recognitions affirm Equity Group's regional leadership and role in advancing financial inclusion and socio-economic transformation across the continent. 

For years, walk-in customers needing foreign exchange services have faced challenges like low transaction limits, requiring multiple trips to the bank, and the difficulty of finding reliable, competitive rates. The process has often been anything but seamless.

Take Esther, a mother of two, for example. While planning her dream family vacation abroad, she spent weeks researching destinations, booking flights, and organizing every detail to ensure the perfect getaway. However, when it came time to exchange currency for the trip, the previous transaction limit meant she had to make multiple trips to the bank to complete the process.

Balancing her busy schedule, Esther found herself wishing for a more efficient solution—one that would allow her to finalize her travel plans and spend quality time with her kids without the hassle of repeated visits to the bank.

Now, with Equity Bank’s increased walk-in FX transaction limit, customers like Esther can exchange up to USD 5,000 (or equivalent in GBP/EUR/AED/ZAR) in a single visit. This eliminates the need for repeated trips and reduces stress, giving you more time to focus on what truly matters.

In summary, this means:

• No More Multiple Trips: Exchange higher amounts in a single visit, saving you time and effort.
• Seamless and Reliable Service: All Equity Bank branches are equipped to handle your transactions efficiently, ensuring a smooth experience.
• Accessible to Everyone: The increased limit applies to both Equity Bank customers and non-customers (walk-ins).
• Simple Documentation: Walk-in customers only need to present identification documents to complete their transactions.
• Competitive Rates: Equity Bank offers competitive rates for all FX transactions, with preferential rates available for larger amounts or customized needs.

Whether you’re an entrepreneur importing goods from overseas, an expatriate managing regular foreign currency transactions, or a freelancer handling international payments, you can now exchange up to USD 5,000 (or equivalent in GBP/EUR/AED/ZAR) in a single visit at any Equity Bank branch.

For more information, visit any Equity Bank branch EazzyFX | Equity Bank Kenya or call 0763 000 000 today.

Held on Saturday, October 25th, and Sunday, October 26th, the highly anticipated event offered attendees the rare opportunity to interact with and take photos alongside the authentic Premier League Trophy, a revered symbol of footballing excellence. The venue was transformed into a dynamic football haven, featuring multiple big screens and crisp audio, ensuring fans caught every thrilling moment in high definition within a truly charged atmosphere.

The excitement was further amplified by insightful expert punditry from some of Kenya’s most prominent EPL enthusiasts. Gunners’ top fan Carol Radull and Manchester City's Lotan Salapei engaged attendees with spirited banter and sharp analysis, adding an extra layer of entertainment.

The weekend's Premier League fixtures delivered a captivating blend of stunning upsets, high-scoring thrillers, and nail-biting finishes. Saturday saw Sunderland defeat Chelsea 2-1 and Brentford hand champions Liverpool their fourth consecutive loss with a thrilling 3-2 win. Sunday brought another surprise with Aston Villa beating reigning champions Manchester City 1-0, while Arsenal secured a crucial 1-0 victory over Crystal Palace. These results highlighted the league's competitive nature and unpredictable outcomes, with Kenyan fans demonstrating unwavering passion.

Kodong Klan performs during the Guinness Matchday x EPL Trophy viewing at the Bar Next Door on Saturday, 25th, October.

Beyond the thrilling live matches, the Guinness Matchday experience offered a vibrant and diverse entertainment lineup. Attendees enjoyed energetic live music performances by renowned artists Khaligraph Jones and Kodong Klan, alongside electrifying sets from a stellar DJ lineup including Pskratch, Grauchi, Sir M, Mista C, and Daqchild. This ensured the celebratory atmosphere continued long after the final whistle, keeping the energy high throughout the weekend.

Speaking at the event, Guinness Brand Manager, Joy Murugi, remarked, “It has been truly amazing to witness the passion for the game exuded by every fan who joined us. We are delighted to have created a true home for football enthusiasts at the Guinness Matchday, where they can come together, celebrate their love for the beautiful game, and enjoy a premium viewing experience with an ice-cold Guinness in hand. Bringing the Premier League Trophy to Nairobi was a powerful testament to our commitment to our consumers and their unwavering support for both the brand and the beautiful game.”

Guinness extends its gratitude to all the fans who made the Guinness Matchday weekend an overwhelming success, reaffirming its dedication to bringing premium football experiences to Kenya.

#GuinnessMatchdayNairobi #PLTrophyKenya

During a courtesy visit to the school, Equity Bank Managing Director Moses Nyabanda met Chief Principal David Kariuki to assess progress and discuss the institution’s expansion plans, which have been closely supported by the bank.

Kariuki, a former Alliance High School Principal, highlighted how the school has grown from just 100 students three years ago to over 800 students today, attracting learners from across the region, including Tanzania and South Sudan. He credited Equity Bank’s support through a substantial Asset Finance facility worth hundreds of millions, which enabled the construction of new facilities, including state-of-the-art classrooms, spacious dormitories, three school buses, ultra-modern sports facilities, multipurpose halls, and more.

“We now have students from across the region, including Tanzania and South Sudan. It’s only our third year, yet we are already posting impressive results. Last year, our very first cohort of candidates achieved a mean score of 10.56. Equity is more than just a bank; it feels like home, where we all receive unwavering support and care. If only others could do even half of what Equity has done in the education sector, like sponsoring hundreds of students to global universities each year, this country would be far,” said Kariuki.

He added that the bank has also made a significant impact in promoting financial literacy, expressing hope for continued training of Kenyans in responsible borrowing, saving, budgeting, and investment.

Nyabanda congratulated the school for its exceptional performance and impressive results, especially last year’s 10.56 mean score, which led to a 100% university admission rate for all candidates. He commended the teachers for producing well-rounded students who excel not only in academics but also in sports and music, citing the example of two students currently at Barcelona FC Academy on sports scholarships.

Nyabanda also outlined the bank’s value proposition for teachers, which includes salary advances, affordable loans, overdraft facilities, and other tailored financial solutions, including free payment solutions for their personal use. “We now offer more than traditional banking; we provide integrated financial services, and we are now big on insurance, payments, and wealth management. We are committed to helping teachers build resilience and financial security through insurance, savings solutions, and wealth creation and management opportunities, as long as these align with your professional responsibilities,” said Nyabanda.

He encouraged teachers to visit the Isinya Branch, located near the school, or the Mama Ngina Branch in Nairobi’s CBD, which initiated the relationship with the school, or any other branch of their choice for customized financial solutions targeting teachers.

Later, while addressing the students in a separate session, Nyabanda shared his personal academic journey to inspire them. “You must have a plan in life, and the first step in that plan is passing your exams. The world is unpredictable, and we don’t know which professions will dominate in the future. But what matters now is achieving excellent grades. When you drop the ball, life can be unforgiving, and very few manage to recover. Be high achievers. Getting that ‘A’ is the first phase of your plan. KCSE results are life-defining,” he advised.

Nyabanda also reminded students that Equity Bank offers programs for top performers, including the Equity Leaders Program (ELP), which helps outstanding students secure placements in prestigious global universities through the bank’s scholarship initiatives. In last year’s KCSE, seven students scored straight A’s, 23 A-, 16 B+, 1 B-, and 1 C+, with all joining a university. Two are part of ELP.

With rising costs of living, longer lifespans, and shifting family dynamics, how we prepare for retirement has become very important.

Today, retirement planning is no longer just about saving a portion of your income, it’s about securing independence, maintaining dignity, and building a legacy that outlives your working years.

This is the message being championed by Equity Life Assurance Kenya (ELAK), calling on Kenyans to start rethinking retirement as a journey that begins now, not a conversation to postpone for someday.

Changing the Way we Think About Retirement

According to the Retirement Benefits Authority (RBA), fewer than 20 percent of Kenya’s working population actively saves for retirement. This means millions risk reaching their golden years without the financial freedom, independence and dignity they desired.

Kenya’s pension coverage remains one of the lowest in the region, with millions of informal sector workers left outside formal retirement schemes. As the government and financial sector work to close this gap, private providers are stepping in with inclusive, accessible pension products designed for today’s realities.

That gap is exactly what insurers like Equity Life Assurance are working to close. Founded as part of Equity Group’s broader transformation into an integrated financial services group, the company was established to make retirement and life insurance simple, flexible and meaningful for all Kenyans, from salaried professionals to go getter entrepreneurs and growing SMEs.

In just three years, Equity Life Assurance has made remarkable strides in deepening access to insurance and retirement products. The company is presently the fourth largest underwriter in the country by assets giving testament to its ability to provide simple, flexible and meaningful insurance solutions for all Kenyans. It’s retirement benefit arrangements - the Equity Umbrella Retirement Fund, the Equity Individual Savings and Retirement Plan, and the Equity Income Drawdown Fund - have since inception in 2022 delivered above inflation and above market returns. 

Behind the numbers lies a deeper story of trust and inclusion. Over 6.8million unique customers have already benefited, with more than 17.8 million policies issued across various products. signalling general growing confidence in long-term savings and insurance solutions. 

Why the Time to Act is Now

For too long, retirement planning has been treated as an afterthought but as more Kenyans face shifting family, cultural and economic dynamics that mindset is shifting. Awareness alone, however, is not enough.

The journey to financial independence requires consistent action, even in small steps and that’s where the right partners play a crucial role: turning awareness into access, and intention into impact.

“Every shilling saved today is an investment in tomorrow’s peace of mind,” says Angela Okinda, Managing Director, Equity Life Assurance (Kenya) Limited. “The earlier you begin, the greater the flexibility and freedom you’ll have when it matters most.”

Beyond providing products, the company is focused on financial education and empowerment, encouraging customers to think differently about money, not as a burden, but as a tool for freedom and legacy.

Building a Future of Financial Dignity

In Kenya today, retirement planning should be a national imperative. As the workforce evolves, financial institutions have an important role to play in shaping a culture of saving, investment, and preparedness.

With Kenya’s pension reform and implementation of the NSSF Act No. 45 of 2013 (Tier I and Tier II contributions) now fully implemented, the opportunity to expand pension coverage and deepen financial inclusion has never been greater.

By aligning private innovation with these public reforms, Kenya can accelerate the goal of building a comprehensive and inclusive retirement system that supports all workers, formal and informal alike.

Equity Life Assurance is leading that change, helping individuals, families, and businesses build a future rooted in financial freedom where financial dignity is the norm, not the exception.

Retirement Solutions for Every Stage of Life

Retirement planning and pension saving are not one-size-fits-all. Every Kenyan’s journey requires solutions that meet their distinct needs and goals in their current life stage.

For employers and employees: The Equity Umbrella Retirement Fund provides a professionally managed plan that allows employers to provide retirement benefits and a post retirement medical cover solution to their employees.  In addition, the Fund is approved to handle NSSF Tier II

For the go getter entrepreneur or independent saver: The Equity Individual Savings and Retirement Plan gives you the freedom to build your future on your own terms.

Participation in the Equity Umbrella Fund or Equity Individual Savings and Retirement Plan provide tax incentives. Contributions upto Kshs.30,000 per month are tax exempt; and upon retirement benefits may be accessible, tax free.

For retirees: The Equity Income Drawdown Plan transforms your savings into a steady income stream while keeping your money invested for continued growth.

Across all these solutions lies one principle - financial planning should be simple, inclusive, and empowering.

The brand is anchoring this celebration under its powerful, ongoing “Made for Real Moments” campaign. This initiative is a tribute to the classic gin and tonic, a timeless, crisp, and refreshing combination that has united people for generations. The G&T, much like true connection, does not need to be complicated; it just needs to be authentic and easy to enjoy.

“World Gin & Tonic Day is fundamentally about celebrating authenticity. The Gin & Tonic is a drink that effortlessly fits every occasion, whether it is a quiet, intimate catch-up with a friend or a spontaneous, weekend celebration. At Gilbey’s, we champion those genuine, unfiltered moments that bring people closer together. This commitment to real connection was perfectly embodied at our recent Gilbey's Hangout, where we treated media and our key influencers to a fun-filled afternoon of games, delicious bitings, and perfectly crafted Gilbey's cocktails. The event was a testament to the fact that the best moments are the most authentic ones," says Lilian Mbugua, Brand Manager for Gilbey’s.

To mark this global day, Gilbey’s is taking the celebration digital. The brand will be spotlighting simple, easy-to-make Gin and Tonic serves across all its platforms, proving that you don't need a fancy bar to make a perfect drink. Consumers are strongly encouraged to join the conversation and share their own #MadeForRealMoments with friends.

In addition, Gilbey's is partnering with popular influencers and skilled mixologists who will share their favourite, personal Gilbey’s G&T twists. This showcase is designed to inspire consumers by demonstrating just how versatile and accessible the drink can be, encouraging them to experiment with garnishes and mixers at home, and, of course, enjoyed responsibly.

With its signature crisp citrus and distinct juniper notes, Gilbey's remains the trusted favorite for consumers who seek a perfect balance of quality, affordability, and taste. The brand continues its role as the gin for real people and real experiences, a spirit that celebrates the enduring value of connection in every single sip.

Most of us have big dreams, but turning them into reality can feel overwhelming without the right tools and strategies.

Take Michael, for example. He always desired to build his dream home but struggled to make consistent progress. Without a clear savings plan, he found himself dipping into his funds for unexpected expenses, delaying his goal year after year.

Turning dreams like Michael’s into reality starts with disciplined saving and smart planning. Without a structured savings plan, it’s easy to lose focus, face financial strain, or even abandon your goals altogether. The lack of a dedicated system often leads to unplanned spending, missed opportunities, and the frustration of seeing your dreams slip further away.

Save and Manage Your Goals Seamlessly

With the right tools, you can take control of your financial future. Equity’s Digital Save solutions empower you to save easily and efficiently, whether you have a smartphone or not.

By simply dialing *247#, you can:

• Open a Goal Account, Fixed Deposit, or Classic Savings Account
• Set up and label your saving goals
• Automate contributions and track your progress—all without needing data

It’s secure, easy to use, and available anywhere in Kenya. Whether you’re in the city, on the move, or in an area with limited connectivity, your savings are now right at your fingertips.

Prefer a richer digital experience? The Equity Mobile App and Equity Online offer enhanced tools for managing your finances. From your smartphone or computer, you can:

• Manage multiple saving goals in one place
• Track your progress in real time
• Access personalized updates and insights

Why Choose the Goal Account?

Save with purpose and stay motivated. Whether you’re planning for a wedding, a new business, education, or a dream home, the Goal Account is designed to help you achieve your goals.

Benefits include:

• Personalized Saving Plans: Create labeled saving targets with flexible schedules.
• Financial Discipline: Keep your savings separate from spending.
• Competitive Interest Rates: Watch your money grow faster.

Access Made Simple, For Everyone

No matter how you choose to save—via USSD (*247#), the Equity Mobile App, or Equity Online—you’ll enjoy the same great benefits:

• No monthly account charges
• Convenient deposits and withdrawals across all digital platforms
• Instant access to view balances and update your goals

With Equity Bank’s Digital Save, saving for your goals has never been easier, more flexible, or more inclusive. Whether you’re using a basic phone, a smartphone, or a computer, Equity ensures that financial inclusion is a reality for everyone.

Start saving today:

Dial *247# to open your Goal Account, download the Equity Mobile App: Android | iOS or visit Equity Online: https://equitygroupholdings.com/ke.

For more information, text “save” to 24990 or call 0763 000 000.

The partnership offers affordable financing options that make it easier for farmers to purchase modern agricultural machinery. Farmers can access up to 95% financing for New Holland tractors with repayment terms extending up to 60 months. Payment options are flexible, including monthly, quarterly, and seasonal plans aligned with farmers’ cash flow cycles. This flexibility ensures that farmers can focus on their operations without worrying about fixed repayment schedules.

Speaking on behalf of Equity Bank Kenya Managing Director Moses Nyabanda, the Bank’s Commercial Director, David Bagenda, highlighted the expected impact of the initiative, stating that it will benefit millions of farmers across Kenya by enabling them to boost yields and improve their incomes.

“This initiative reflects our commitment to empowering farmers through accessible financing solutions that drive agricultural modernization. By easing the financial burden of acquiring tractors and agricultural equipment, we are enabling farmers to modernize their operations, increase productivity, and contribute to Kenya’s food security. Inchcape’s reliable machinery and after-sales services complement our vision of building resilience in the agricultural sector and fostering economic recovery. The partnership aligns with Equity Group’s Africa Recovery and Resilience Plan, which seeks to empower communities and drive sustainable development across the continent.”

The financing scheme covers a diverse selection of New Holland tractor models, including the TT Series (55HP–75HP), TD Series (80HP & 95HP), and TS Series, with options for both 2WD and 4WD tractors. Farmers can also finance essential implements such as ploughs, harrow discs, boom sprayers, balers, and more, ensuring they have access to equipment tailored to their operational needs.

During the launch event, Inchcape Managing Director Marion Gathoga-Mwangi said: “We believe that access to the right equipment should never be a barrier to progress. This partnership is a major step forward in empowering farmers and agribusinesses to achieve more. By making tractor acquisition easier and more affordable, we are not only driving mechanization but also fueling productivity, growth, and food security in the country. Together with our financing partner, we are turning ambition into action - ensuring that every farmer, regardless of size or scale, can access the tools they need to transform their land, their yields, and their livelihoods. This collaboration is more than just about machines; it’s about enabling possibility and building a sustainable future for our communities.”

Additionally, farmers can be financed to acquire implements and equipment such as plows, harrows, planters, mowers, cultivators, etc. alongside tractors under the same financing margin, simplifying the acquisition of all necessary equipment at competitive interest rates. Inchcape Kenya will further offer one year of free insurance cover through Equity Bancassurance Intermediary Ltd (EBIL), enabling farmers to enjoy peace of mind as they invest in mechanization.

Inchcape Kenya Limited, headquartered in Nairobi, has established branches in Nakuru, Eldoret, and Kisumu to bring New Holland tractors closer to farmers. These branches offer after-sales services provided by trained technicians and genuine New Holland parts to ensure long-term reliability and performance.

Chromoka, a fusion of "Chrome" and the Swahili word "Omoka" (to make it), signifies Chrome's role as a champion for those striving, succeeding, and making their mark in the world. This campaign was born from a profound understanding of Chrome's significance, not just as a brand, but as a cultural touchstone that has consistently championed authenticity, creativity, and the spirit of celebration. A moment to reflect on the strides Chrome has made over the past decade and to reaffirm its commitment to supporting the aspirations of its community for the next ten years and beyond.

"For a decade, Chrome has been more than just a beverage; it has been an integral part of countless cultural moments, a silent witness to joy, creativity, and connection," said Andrew Kilonzo, Country Managing Director, EABL. "Chromoka is our way of acknowledging this incredible journey, celebrating the vibrant tapestry of our culture, and reaffirming our purpose to contribute meaningfully to it. We believe in the power of individual expression and the collective strength of community, and Chromoka is a testament to that belief."

The Chromoka NCP is a rewarding promotion, inviting consumers to engage with the brand and win incredible prizes. These prizes are thoughtfully curated to resonate with Chrome's anniversary and cultural pillars, designed to empower and inspire.

Fathermoh performing alongside Sean MMG at the Chrome NCP launch. 

“Chromoka is about celebrating, empowering, and connecting," stated Mark Mugisha, Marketing and Innovations Director, KBL. "We have meticulously curated prizes that align with our brand's values and directly contribute to the cultural landscape. Imagine an aspiring creator receiving a content creation masterclass that propels their career, or individuals winning cash rewards that can fuel their ambitions. To mark our 10-year anniversary, we are especially excited to be rewarding ten lucky winners with Ksh 1,000,000 each. These are the impactful moments we aim to create. We anticipate rewarding over 110,000 consumers through this campaign, fostering a sense of excitement and shared celebration across the nation.”

Chrome is committed to promoting responsible consumption. The Chromoka NCP is strictly open to individuals of legal drinking age. To enter, simply purchase a bottle of Chrome, scratch the label to reveal the code, and send it to 22110. Join us as we embark on this exciting journey, where every moment is an opportunity to create, connect, and celebrate.

The brand's adventurous new direction was first hinted at during the high-energy Captain's Yard Takeover at the Rift Valley Sports Club in Nakuru on Saturday, October 4th. Alongside explosive performances from headliners like Mejja, Iyanni, and Tipsy Gee, the event served as the unvfor the first Muck Pit innovation: Captain Morgan Muck Pit Melon Splash.

A key moment of the night was the introduction of celebrated artist Iyanii as the new Brand Ambassador for the Captain Morgan Muck Pit line. Iyanii's distinct style and vibrant energy perfectly embody the brand's promise to deliver an unexpected and intensely flavourful experience. His presence was immediately felt as he captained "Team Iyanii Captain Morgan Muckpit" in a fiery "Battle of the Grill" competition, going head-to-head with "Team Mejja Captain Morgan Gold" to deliver a crowd-thrilling showdown.

"The Captain Morgan Muck Pit is about more than just flavour; it’s a whole mindset. It's about being daring, unexpected, and absolutely flavour-forward in everything you do," said Kennedy Mutula, Head of Spirits. "Iyanii is a true creative force who embodies this spirit perfectly. We are thrilled to have him join the crew as we launch a whole new chapter for Captain Morgan."

The newly unveiled Captain Morgan Muckpit brand ambassador, Iyaani on stage entertaining fans and Captain Morgan Muckpit consumers at the Nakuru Sports Club during the Captain Morgan by EABL takeover in Nakuru. /PHOTO

To solidify its commitment to being 'extra ordinary,' Captain Morgan is weaving the Muck Pit narrative into the very fabric of Kenyan street culture through collaborations with the likes of Nairobi Apparel District, an institution known for pushing the boundaries of local fashion and creativity. This collaboration is the first of many initiatives planned to merge the Muck Pit brand with local tastemakers.

The movement will be amplified by a roster of influencers who align with the Muck Pit’s bold, unscripted vibe, including acclaimed rapper Big Yasa and top DJ DJ Deewiz, who will help bring the brand's unique flavour and visual identity to the forefront of youth culture across Kenya.

"Captain Morgan is now officially a catalyst for the 'extraordinary.' By partnering with visionary creators like the Nairobi Apparel District and individuals like Iyanii, Big Yasa, and DJ Deewiz, we are ensuring that Captain Morgan Muck Pit is not just a drink, but a cultural movement," added Kanyi Kiuru, Brand Manager, Captain Morgan Muckpit.

Captain Morgan Muck Pit draws its inspiration from the legendary 'muck pits' of the Caribbean rum-making process, which sees overripe fruit fermented alongside rum in the tropical heat, resulting in a rum with an intensely fruity flavour. This tradition has been modernized to create a spirit drink that delivers the iconic Captain Morgan spice with an extraordinarily tropical twist.

Further information on the full launch of Captain Morgan Muck Pit Melon Splash and future collaborations will be announced soon, as Captain Morgan continues to champion adventure, music, and fun across Kenya.

Captain Morgan Muck Pit Melon Splash is a new spirit drink with intriguing flavours of sweet watermelon, mint, subtle hints of smoke, and Captain Morgan’s iconic spice. It is 37.5% ABV and is best served with a Sprite, Stoney, or water for a delightfully fresh-tasting drink or enjoyed as the base of a fruit punch.

Through its roadshow dubbed Endeleza Biashara, the bank also toured other markets across the country, including Ongata Rongai, Githurai, Kongowea, Karatina, Maua, Kisumu, and Nakuru, aiming to empower customers and communities.

Equity Bank Kenya Managing Director, Moses Nyabanda, who launched the nationwide roadshows, expressed gratitude to customers for their trust and loyalty, acknowledging that the bank’s success is tied to its customers. “At Equity, we are where we are because of our esteemed customers. We will continue being closer to them through regular engagement,” said Nyabanda. He emphasized that Customer Service Week is not just a celebration but an opportunity to gather feedback that will further improve service delivery.

Nyabanda also highlighted Equity’s commitment to supporting businesses and connecting them to new markets across East and Central Africa. “To the business community, we are ready to walk with you and connect you to new markets in East and Central Africa, including the DRC, Tanzania, Rwanda, South Sudan, and Uganda. Our partnership with you enables us to give back to society in a bigger way. Beyond transforming lives, we’re now more focused on helping you create wealth and protect your health and assets through our insurance solutions,” he added.

In Kawangware, customers shared testimonies of how the bank has supported their financial growth and transformed their lives. Rehab Wangui, a vendor at Kawangware market and an Equity Agent for 15 years, said, “Equity has been supportive to us, our families, and our communities. I remain an ambassador of the bank for its friendly service and agenda to transform lives.”

Stephen Tyson, another customer, narrated how a Ksh850,000 loan from Equity, secured in just three days, became a turning point in his life. “I used the money to build rental units, which have changed my life. I now drive and run small businesses here in Kawangware,” he said.

In Ongata Rongai, the roadshow started at Kware market, with Equity staff visiting customers at their workplaces to reaffirm the bank’s commitment to powering their aspirations. The staff also toured Githurai Cereals Market, Kongowea Market in Mombasa, Karatina Market, Maua Market, Uhuru Market in Kisumu, and Nakuru’s Wakulima Market. Kajiado Sub-County Administrator Samuel Muchiri praised Equity’s customer-centric approach, lauding the bank for achieving excellence by putting customers first and offering innovative products.

Ruth Muthoni, Chairperson of the Kware market, appreciated the support offered to micro and small entrepreneurs. “When the bank opened here in Ongata Rongai, we were happy and joined as members. The bank listens to us and supports us during tough times,” she said.

Ezekiel Mum, a young entrepreneur from Bee Farmers Hub, shared how he was supported in scaling his business. “When we started, we were producing 100 beehives a week. We took out a loan for machinery and equipment, and today we produce 1,000 beehives per week. Our revenues have increased substantially,” he said.

Equity’s efforts in promoting financial literacy were applauded by Dagoretti Deputy County Commissioner Solomon Murage, who highlighted the impact of the bank’s partnership with the Kazi Mtaani program. “Equity Group Foundation trained youth in prudent budgeting, debt management, borrowing, and investment, transforming financial habits in the area,” said Murage.

Mary Mungai, Nairobi East Regional Manager, encouraged customers to protect their wealth and health through insurance products. “Your health is your wealth. It is wise to take insurance so that if difficulties or accidents happen, you are not left frustrated,” she said.

The night was headlined by Mejja, Iyanii, Maandy, and Tipsy Gee, who brought the crowd to life with explosive performances. Hypemasters MC Gogo and Azeezah kept the audience on their feet, while top DJs including DJ Gibbz Tha Daqchild, DJ Malaika, DJ Bash, DJ Ruby, DJ Jomba, and Jussneera served unmatched beats from start to finish. TikTok star Collo Blue added extra fire to the event, taking fans on a spiced-up digital-meets-live experience that had the crowd buzzing all night.

Guests indulged in bold Captain Morgan cocktails crafted by skilled mixologists, while the Captain’s Grill kept the flavour sizzling with delicious treats. The takeover was more than just entertainment; it was an adventure of spice, energy, and unforgettable moments with friends.

One of the highlights of the night was the Battle of the Grill, where Team Mejja Captain Morgan Gold went head-to-head with Team Iyanii Captain Morgan Muckpit in a fiery showdown of flavour. The competition had fans cheering loudly as both teams showcased their grilling skills. Both teams clinched victory and took home bragging rights for the Nakuru edition.

As part of the experience, Captain Morgan also soft-launched its latest innovation, Captain Morgan Muckpit, introducing fans to a bold new expression that embodies the brand’s adventurous spirit.

“The Nakuru takeover was a true reflection of what Captain Morgan stands for: high-energy vibes, adventure, and unforgettable experiences. We are thrilled with the energy from our fans, who turned up in numbers and unleashed their spice with us. Nakuru has shown that it knows how to party, and we are proud to have shared such bold moments with them.” Said Victor Adada, Brand Manager, Captain Morgan.

With Nakuru now officially spiced, Captain Morgan continues to champion adventure, music, and fun across Kenya, bringing consumers together to create memories that last long after the night is over.

Speaking at PwC’s Africa Tax Business Symposium in Mombasa, Ngahu urged African governments and businesses to seize the opportunity presented by the African Continental Free Trade Area (AfCFTA) to deepen intra-African commerce.

“I think the challenge for African countries, particularly in Sub-Saharan Africa, is to strengthen intra-Africa trade,” said Ngahu. “This is to plug the gaps that we are seeing with reduced opportunities, particularly with exports to the U.S., in the new policy shift by the U.S.”

AGOA, introduced by former U.S. President Bill Clinton in May 2000, has been a cornerstone of trade between sub-Saharan Africa and the U.S. for 25 years, allowing duty-free access for products such as fuel, agricultural goods, and textiles. In 2023 alone, U.S. imports under AGOA totalled nearly $10 billion.

PwC East Market Area Senior Partner Peter Ngahu

Ngahu emphasized the urgency of pivoting toward regional trade to address the challenges created by AGOA’s expiration while pointing out the stark disparity in trade within Africa compared to other regions. 

“Intra-Africa trade in Sub-Saharan Africa accounts for less than 15 percent. It’s about 14.4 percent. And that is very low compared to what we see as intra-European trade, where intra-European trade is 66 percent of the trade that happens in Europe,” he said.

AGOA’s expiration has left many African countries, including Kenya and Lesotho, grappling with uncertainty. Of the 54 countries in Africa, 32 were eligible under the program in 2024. For many, the pact has been vital in driving exports, and its expiration has plunged thousands of factory workers into uncertainty.

Envoys from across the continent have recently travelled to Washington to lobby for AGOA’s renewal, with hopes for an extension still alive. A White House official told Reuters that President Donald Trump’s administration supports a one-year renewal of the pact, though the timeline and mechanism remain unclear.

Earlier reports suggested the extension might be tied to a stopgap U.S. government funding bill that failed to pass on Tuesday.

Meanwhile, PwC’s Africa Tax Business Symposium, in Mombasa, has brought together government officials, business leaders, and policy experts to debate Africa’s tax environment, focusing on balancing predictability, fairness, and competitiveness.

This initiative will include training for newly recruited teachers, equipping them with the skills to manage their incomes effectively and, in turn, instill saving habits in students from an early age.

Speaking at the TSC head office in Upperhill, Nairobi, TSC Chairman Dr. Jamleck Muturi said the programme will start with teachers joining TSC in January.

Dr. Muturi also received a Ksh10 million donation from Equity Bank Kenya Managing Director Moses Nyabanda in support of the World Teachers Day celebration, held on Sunday, 5th October 2025.

“We are proud to stand with you as teachers, and today we are here to commit resources to walk with you. Through our 220 branches countrywide, we will provide the opportunity to walk with them as they settle in their communities. We have the network. Tuko kwa ground, and we will be there to do whatever is necessary,” said Nyabanda as he presented the cheque to the TSC Chairman.

The Managing Director congratulated TSC for making World Teachers Day a significant celebration of the achievements of teachers, who have imparted essential skills to pupils and students, making Kenya stand out in Africa.

“In Kenya, we recognize various other achievers but sometimes fail to celebrate the real heroes of Kenyan society—the teacher, who is the true hero. Teachers have made us who we are. Equity set out not just to bank teachers but to transform their lives, from not just being a teacher but becoming an entrepreneur also, and the multiplier effect that follows creates wealth,” he added.

Dr. Muturi further highlighted the vital role teachers play in shaping professionals, stating, “A teacher is like a candle that consumes itself to provide light to everyone in the process. No doctors, engineers, lawyers, or architects have passed through the hands of a teacher.”

TSC Director for Administrative Services, Ibrahim Mumin, also expressed gratitude to Equity Bank for its support in celebrating teachers. He noted that the bank is a leader in the financial services industry, serving over 90,000 teachers. “Thank you for giving all these teachers a shoulder to lean on,” said Mumin.

According to a statement by the Office of the Director of Public Prosecutions (ODPP) on Friday, October 3, Philip Rotich Kiprono, the branch operations manager, was charged with 134 criminal counts ranging from theft by servant to forgery and money laundering.

Kiprono was alleged to have siphoned Ksh52,404,084.95 from the bank between December 2022 and October 2024, while entrusted with overseeing operations. 

Philip Rotich Kiprono in court on November 16, 2024. /KIPRONOH BEN

The money trail, investigators claim, was masked through forged documents and illicit transactions.

"He was charged with multiple offences, including theft by servant, acquisition of proceeds of crime, possession and use of proceeds of crime, as well as forgery and uttering false documents.

"The offences are said to contravene provisions of the Penal Code and the Proceeds of Crime and Anti-Money Laundering Act, 2009," ODPP stated in part.

Kiprono denied all charges before Senior Principal Magistrate Benard Obae Omwansa. Prosecutors, led by Senior Assistant DPP Solomon Njeru, urged the court to impose tough bond conditions, citing the massive sums involved.

The magistrate will rule on bond on October 9, 2025, with a pre-trial hearing set for October 16, 2025. For now, Kiprono remains locked up at Kisii Prison.

NCBA Bank had previously accused Kiprono of abusing his position to orchestrate a fraudulent scheme that targeted high-value clients, including a Catholic Church account held at the bank.

Court filings showed that several customers lost millions in the scam. Among the victims were businessman Neel Gudkas, who lost Ksh14.7 million, the Catholic Diocese, which was defrauded of Ksh9 million, and a bishop who also lost Ksh9 million.

Investigators alleged that Kiprono intercepted client transfer instructions and instead redirected the money into accounts controlled by accomplices, before channeling the funds back to himself.

The ODPP had told the court that even after his suspension, Kiprono continued preying on customers, with more complaints from Kisii branch clients emerging against him.

As the world grapples with its impacts, Equity Group has continued to champion sustainability through a nationwide tree-planting initiative. This effort, launched ahead of World Teachers’ Day on October 5, aims to secure a greener, healthier future for generations to come.

Speaking during the launch of the week-long initiative, Ambassador Mary Mugwanja, Associate Director for Public Sector and Institutions at Equity Group, emphasized the institution’s unwavering commitment to environmental conservation.

“As Equity, we celebrate teachers not only as shapers of knowledge but also as champions of sustainability. We are involved in tree planting to drive sustainability and environmental conservation. We aim to secure the future of our children by ensuring that they grow up, live, and thrive in an environment that is cleaner and better preserved,” she said.

Equity Group has pledged to provide tree seedlings to support teachers, students, and communities in this noble mission. The initiative is part of a broader strategy to align with global and national sustainability agendas, including Sustainable Development Goal 13, which calls for urgent action to combat climate change and its impacts.

Equity Bank Kenya Associate Director, Public Sector and Institutions, Ambassador Mary Mugwanja, plants a tree at Alliance High School during the launch of a weeklong country tree planting initiative by the Teachers Service Commission (TSC) ahead of World Teachers Day celebrations. 

“By engaging young people in raising, planting, and nurturing exotic and fruit trees, we are creating livelihoods, promoting nutrition, and instilling responsibility for the environment,” added Ambassador Mugwanja.

The Teachers Service Commission (TSC) joined hands with Equity Group in this effort, highlighting the vital role of educators in environmental stewardship. TSC Chairman Dr. Jamleck Muturi highlighted the unique position teachers hold in shaping not only the character of learners but also the sustainability mindset of entire communities.

“Climate change remains a major threat to Africa’s pursuit of the Sustainable Development Goals. Conservation calls for collective responsibility because it’s not only a sustainability effort but also a patriotic duty for securing the future for generations to come,” said Dr. Muturi.

Equity Group’s tree-planting initiative is not only a response to the global climate crisis but also a testament to its commitment to empowering youth and communities. Ambassador Mugwanja noted, “This effort also aligns with our youth empowerment agenda. By engaging young people in raising, planting, and nurturing exotic and fruit trees, we are creating livelihoods, promoting nutrition, and instilling responsibility for the environment.”

The importance of tree planting is further emphasized in the Sustainable Development Goals Report 2025, which highlights that afforestation and forest restoration are critical to halting deforestation and reducing carbon emissions.

According to the report that global deforestation rates have slowed from 12 million hectares per year (2010–2015) to 10 million (2015–2020), and land restoration commitments have pledged to restore over 1 billion hectares globally, with significant efforts in sub-Saharan Africa.

Restoration investments are shown to yield substantial returns, with each dollar invested delivering $7–$30 in benefits. Initiatives by Equity Group, other corporates, and individuals are a vital contribution to these global efforts, demonstrating how local actions can align with international goals to combat climate change and protect biodiversity.

Beyond tree planting, Equity continues to support the education sector through flagship programs such as Wings to Fly and the Equity Leadership Program, which have helped thousands of bright but needy students pursue their dreams.

“Our Equity Afya franchise model, spread across the country, is another shining example of education transforming into sustainable impact. We are equally proud of our support to the Kenya Music and Drama Festivals, where we celebrate and nurture the talent, creativity, and cultural pride of our young people,” said Ambassador Mugwanja.

In the past year alone, big names such as Safaricom, Kenya Airways, KCB, and East African Breweries PLC (EABL) have rolled out glossy reports tracking their renewable energy use, water conservation, farmer support programmes, and waste management.

At first glance, these reports might seem like niche documents meant for investors and regulators, yet they reveal a profound shift in how businesses are preparing for a climate-conscious, resource-scarce world. For ordinary Kenyans, they carry implications that stretch from the cost of food and water to job security and economic resilience.

The EABL Example

EABL’s 2025 sustainability report illustrates just how central this trend has become. The brewer announced on Thursday, October 2, that over 70 percent of its manufacturing is now powered by renewable energy. This milestone was achieved through heavy investments in biomass plants, energy recovery systems, and the electrification of operations.

At its breweries in Nairobi, Kisumu, and Kampala, biomass facilities have helped cut direct emissions. The company has also introduced Zero Liquid Discharge systems to recycle and reuse water while lowering energy demand, and has swapped out diesel-powered forklifts for electric ones.

P.S Ministry of Energy and Petroleum, Alex Kamau, Group MD and CEO at EABL, Jane Karuku and Group Chairman EABL, Dr Martin Luke Oduor, pose for a photo during the release of the EABL 2025 sustainability report on October 2, 2025. /PHOTO

These changes have reduced the company’s environmental footprint, but they are also practical business decisions. By reducing dependence on fossil fuels, EABL has insulated itself against the volatility of global energy prices and growing international climate regulations. Its investments are as much about long-term resilience as they are about corporate responsibility.

Water stewardship is another highlight. In 2025 alone, the company replenished more than 700 million litres of water, nearly double its target of 400 million litres for the year, bringing its cumulative contribution to more than two billion litres. At the same time, EABL’s regenerative agriculture initiatives have helped some farmers double their yields, strengthening rural incomes and ensuring steady supplies of raw materials.

Speaking at the launch of the report, EABL Group Managing Director and CEO Jane Karuku noted that sustainability has been embedded in every part of the business.

“This year’s report reflects how we are embedding sustainability into every drop of our business. From protecting vital water sources to transitioning to renewable energy, we are proving that long-term business success goes hand in hand with environmental stewardship and social progress," she remarked. It is a message that highlights how intertwined corporate profits and environmental stewardship have become.

Why Sustainability Reporting Matters Now

EABL’s approach is part of a wider shift across corporate Kenya. More companies are racing to release sustainability reports, and the timing is not accidental.

Climate change is no longer a distant threat. Kenya has faced severe droughts, unpredictable floods, and increasingly erratic rainfall. These shocks disrupt supply chains, inflate costs, and threaten industries dependent on natural resources.

A brewer cannot operate if rivers dry up, just as a manufacturer cannot run machines when energy costs are unstable. Reporting on energy transitions, aviation, water conservation, and waste management is not just about image; it is a matter of survival.

Global investors are also driving the trend. As capital flows increasingly favour companies that demonstrate environmental and social responsibility, Kenyan firms seeking international funding must show their progress.

Sustainability reports have therefore become investment magnets, demonstrating that a company is credible, transparent, and prepared for the risks of the future. For Kenyans, this means stronger businesses, more jobs, and potentially more stable prices, because global investors are more willing to inject capital into companies that meet high Environmental, Social, and Governance (ESG) standards.

Regulation is another factor. The Nairobi Securities Exchange (NSE) requires listed firms to publish ESG disclosures, while global frameworks such as the Task Force on Climate-Related Financial Disclosures are being adopted internationally.

Export-driven businesses are under particular pressure from the European Union, which has tightened rules around climate disclosures. For many Kenyan companies, sustainability reporting is no longer voluntary — it is the price of entry into global markets.

There is also the matter of consumer choice. Kenyan consumers, especially younger generations, are increasingly conscious of environmental impact. Social media has given people the power to scrutinise and call out companies accused of greenwashing.

In this environment, sustainability reporting is both a way to build trust and a tool for brand survival. By publishing detailed reports, companies are signalling that they are willing to be judged on more than their balance sheets.

Beyond Corporate PR

The ripple effects of sustainability efforts are already visible. When EABL invests in regenerative agriculture, farmers benefit directly through improved yields and stable incomes. When water projects are launched, communities also gain access to replenished rivers and protected catchments. When banks such as KCB offer green financing, local entrepreneurs in clean energy and climate-smart agriculture have better access to credit.

This is why sustainability reports are worth paying attention to. They are not just glossy brochures for boardrooms. They contain measurable targets, timelines, and results that affect people far beyond corporate headquarters.

They allow the public to distinguish between companies that are making real progress and those hiding behind vague promises. For ordinary Kenyans, the numbers inside these reports can signal whether industries will remain resilient against climate shocks, whether food and water supplies will be secure, and whether jobs tied to agriculture and manufacturing will remain stable.

A photo of an ESG graphic. /MARSHA CREATIVES

Transparency is also part of the value. For too long, corporate sustainability was dominated by unverified claims. Formal reporting now forces companies to back up their commitments with hard data, from tonnes of emissions avoided to litres of water replenished. Accountability is good for investors and regulators, but it is equally important for consumers and citizens who want to know which companies are walking the walk.

A Turning Point for Kenyan Business

Kenya is positioning itself as a leader in climate resilience and green growth in Africa, and corporate sustainability reporting is part of that story. The government has set ambitious climate goals, and companies are aligning their strategies accordingly.

Donors and investors are also pushing the agenda forward. The reports being released today are early signals of how the private sector plans to stay relevant in a resource-constrained, climate-challenged world.

The bigger test will be whether these glossy documents translate into real, long-term benefits for ordinary Kenyans. Will water replenishment projects grow to meet the scale of demand? Will regenerative farming practices spread widely enough to transform food security? Will renewable energy investments bring down costs and stabilise supply for industries and consumers alike? These are the questions that will determine whether sustainability reporting becomes more than a corporate ritual.

What is clear is that sustainability reporting is becoming a central part of how businesses prove their legitimacy and prepare for the future. As EABL’s “Spirit of Progress” strategy demonstrates, sustainability is not just about saving the planet. It is about protecting profits, creating jobs, and building resilience in a country where climate, community, and commerce are inseparably linked.

For Kenyans, paying attention to these reports is not optional. They are indicators of how our economy is adapting, how companies are being held accountable, and how our shared future is being shaped — from the grain in our fields to the glass in our hands.

This strategic partnership underscores Rubis’s commitment to creating solutions that empower industries and businesses critical to Kenya’s economy.

Through the agreement, KATA members will access personalized Rubis fuel cards offering a Ksh 4 per litre discount across Rubis’s extensive retail network nationwide.

The program, available in both prepaid and postpaid formats, is designed to deliver convenience, enhanced security, cash flow flexibility, and simplified fuel management for travel agencies and their staff.

Speaking during the signing ceremony, Olivier Sabrié, Group Managing Director of Rubis Energy Kenya, said: “At Rubis, we recognize that travel and tourism are vital pillars of Kenya’s economy, and travel agents play a key role in keeping this sector vibrant.

Rubis Energy Kenya signs a Memorandum of Understanding (MOU) with the Kenya Association of Travel Agents (KATA) on September 30, 2025. /PHOTO

"By partnering with KATA, we are making it easier and more affordable for them to run their operations. This partnership is not just about fuel savings, but also about empowering an industry that connects Kenyans to the world and fuels economic growth. Rubis is proud to be a trusted partner in this journey.”

The collaboration also reflects Rubis Energy Kenya’s wider strategy of aligning with sectors that create jobs, drive growth, and deliver services essential to national development.

By tailoring solutions to specific industries, Rubis is positioning itself as more than a fuel provider strategic enabler of progress for businesses and communities alike.

Dr. Joseph Kithitu, KATA’s Chairman, added that the association is delighted to collaborate with Rubis in providing members with cost-saving solutions, emphasizing that the partnership reflects KATA’s continued commitment to enhancing efficiency and value for travel agents in Kenya.

KATA members can register for the fuel cards through the association by submitting the required documentation, after which Rubis will manage issuance and distribution to guarantee timely delivery and smooth access.

In its Fourth Quarter Sector Statistics Report for the 2024/2025 financial year (April–June 2025), the CA notes that Airtel shed 869,534 subscribers (-3.54%), while Telkom lost 297,204 (-25.49%) and Equitel (Finserve) dropped 11,966 (-0.79%).

Only Safaricom and Jamii Telecommunications gained mobile subscribers. Safaricom added 1.7 million new subscriptions, pushing its customer base to 49.9 million, up from 48.2 million in the previous quarter, while Jamii Telecommunications grew its base by 16,617 subscribers (+2.34%).

The Communications Authority of Kenya (CA) attributed the growth to rising demand for e-services, financial inclusion, and social connectivity, alongside the continued migration from feature phones to smartphones. This shift has boosted internet access, accelerated data consumption, and deepened digital inclusion across various sectors. The combination of affordable devices and enhanced infrastructure has sustained momentum, embedding online services more firmly into both social and economic life.

Furthermore, as of June 30, 2025, Kenya had 58.5 million internet subscriptions, with the majority (78.2%) on mobile broadband. This was a 27.3 per cent increase from 52.5 million subscriptions in June 2024.

Safaricom still leads in internet subscriptions with 34.3% whilst key challengers include Jamii Telecommunications (20.6%), Wananchi Group (12.7%), and Poa Internet Kenya (12.5%).

Smaller providers such as Ahadi Wireless, Vilcom, and Mawingu Networks account for niche segments, while Starlink has entered the market but remains at under 1% share.

Safaricom was also the market leader in mobile money subscriptions with 90.9 per cent.

Domestic voice traffic is distributed among operators as follows: Safaricom (63.4%), Airtel (36.3%), Telkom (0.1%), Jamii (0.05%), and Finserve (0.08%). For SMS traffic, the shares are: Safaricom (88.5%), Airtel (11.5%), Telkom (0.03%), Jamii (0.004%), and Finserve (0.02%).

A recent report, the Cyber Shujaa Industry Report 2025, revealed that Kenya recorded 2.5 billion cyberattacks between January and March 2025. Criminals are exploiting weak passwords, outdated software, and insecure networks to breach systems.

At the same time, mobile phone scams are becoming increasingly common. According to a World Bank survey, nearly half of Kenyan mobile phone users recently received fraudulent calls or text messages disguised as urgent financial requests, prize claims, or official government notices. While 51 percent of victims avoided sending money, the growing sophistication of these scams highlights the need for heightened vigilance.

Amid this surge in digital fraud, physical scams like agency fraud are also on the rise. Fraudsters posing as bank agents are targeting families and individuals, exploiting their trust to steal money. Protecting yourself from such scams requires awareness and the ability to identify genuine agents.

#KataaUtapeli #KaaChonjo

Jane, a small business owner in Nairobi, was rushing to deposit cash at what she thought was a bank agent outlet. However, the kiosk lacked the familiar bank agent branding, no official colors, logos, or signage. When Jane asked for the Certificate of Accreditation, the fake agent gave vague excuses. The required information poster, which should display the agent number and customer service contact, was also missing.

Feeling uneasy, Jane decided to call the bank’s customer service hotline. After providing the agent’s details, she was informed that the outlet was not registered with the bank. Jane’s quick thinking and decision to verify saved her from losing her hard-earned money to a fraudster.

How to Identify Genuine Bank Agents

Like Jane, you can protect yourself by ensuring you're transacting with an authorized bank agent. Here's what to look out for: for example, Equity Bank agents are branded as follows:

• Official Branding: Genuine agents display consistent Equity Bank branding, including logos and signage.
• Certificate of Accreditation: Check for a valid, up-to-date certificate issued by Equity Bank.
• Agent Information Poster: Ensure the poster includes the agent number, customer service contact, and the managing Equity Bank branch.
• Online Verification: Confirm the agent’s authenticity on the official Equity Bank website.

Essential Security Tips to Protect Yourself

Equity Bank is committed to safeguarding its customers. Follow these tips to stay safe:

1. Never share PINs, passwords, or personal banking details with any agent staff.
2. Always confirm the transaction details on the POS or mobile screen before authorizing.
3. Keep your ATM’s CVV, PIN, passwords, and OTPs private; banks will never ask for these details.
4. Use unique passwords for your banking and social media accounts.
5. If your card gets stuck in an ATM, do not leave or accept help from strangers; contact your bank immediately.
6. Avoid using public Wi-Fi for online banking; use mobile data instead.
7. Verify payment instructions before making any money transfers.
8. Download banking apps only from official app stores and enable two-factor authentication.
9. Memorize your PIN, keep it confidential, and shield the keypad when entering it in public.
10. Report lost IDs or passports to your bank and the relevant authorities as soon as possible.
11. Never accept assistance from strangers at ATMs; call your bank if you encounter issues.
12. Regularly monitor your accounts for unusual activity and report anything suspicious immediately.
13. Report suspicious numbers or SMS lines to 333 for FREE.
14. Be cautious of calls or messages from unknown numbers. All official calls from Equity Bank will originate from 0763 000 000.

Be Vigilant: Fraudsters are constantly evolving their tactics, but you can stay one step ahead by verifying agents and following these security measures. For more tips on secure banking, visit: Secure Banking Tips | Equity Bank Kenya.

#KataaUtapeli #KaaChonjo

The award was presented at the Jaramogi Oginga Odinga Sports Complex in Kisumu by County Governor H.E. Prof. Anyang' Nyong’o and NCIC Chairman Rev. Dr. Samuel Kobia during the 2025 International Day of Peace (United Nations) celebrations. This year’s theme was “Act Now for a Peaceful World.”

NCIC commended Equity Bank’s commitment to inclusive growth, highlighting its position as both a leading financial institution and a cornerstone of peacebuilding in Kenya. The commission also acknowledged the bank’s efforts in advancing education, youth empowerment, and economic inclusion, key pillars of peaceful societies, through its financial literacy programs.

Equity Bank was further lauded for supporting the International Day of Peace through donating tree seedlings to symbolize growth, unity, and environmental sustainability.

“Through its collaborative efforts with national agencies such as NCIC, National Government Administration Officers (NGAO), peace committees, and county governments, Equity Bank has consistently supported initiatives that promote dialogue, coexistence, and sustainable development,” NCIC stated.

Kisumu Governor H.E. Prof. Anyang' Nyong’o emphasized the broader meaning of peace, stating, “Peace is not just the absence of conflict; it is justice, dialogue, inclusion, and shared humanity.” He also called for a collective commitment to peace, adding, “Youth remain at the centre of this journey as we rise above division and commit to lasting solutions, even locally within our beloved county.”

Speaking on behalf of Equity Bank Kenya Managing Director Moses Nyabanda, Dr. Silpah Owich, Head of Women and Youth Banking, highlighted the bank’s dedication to fostering peace, sustainability, and empowering its customers.

“For us in business, we appreciate and recognise that businesses thrive in the right conducive environment. Peace creates stability that allows enterprises to flourish, attracts investment, and enables communities to prosper. Simply put—without peace, there can be no sustainable growth,” she said.

Dr. Owich also highlighted the bank’s focus on customer partnerships to drive inclusive growth. “We shall continue to partner with our customers, institutions, and organizations to create financial solutions that improve access to capital and funding, especially for women, youth, MSMEs, and agricultural value chains. By combining technical assistance, capacity building, and innovations like group lending and digital channels, we aim to lower barriers and ensure equitable economic opportunities,” she explained.

She further noted the link between peace and environmental care. “Climate change, if not addressed, remains one of the most serious threats to global peace and security. That is why Equity Bank continues to champion financing of climate-smart initiatives and tree-growing. By restoring ecosystems, we protect livelihoods today and secure peace for generations to come,” she added.

Take Mary, a mother based in Nairobi. She regularly sends money to her son studying in Canada. In the past, this meant some long queues at remittance centres and paying exorbitant fees. On top of that, delays in fund transfers sometimes meant her son struggled to settle tuition fees or daily upkeep on time. 

Then there is Tom, a guardian in Eldoret. He supports his cousin, who is receiving medical treatment in India. In the past, high charges and unreliable transfer systems left him worried about whether his cousin’s hospital bills would be cleared on time. 

Stories like Mary’s and Tom’s are familiar to many Kenyans who are committed to supporting their loved ones abroad. Whether it’s paying school fees, covering healthcare costs, or sending regular upkeep, the need for fast, affordable, and reliable international money transfer services has never been greater. 

That’s where Equity Bank and MoneyGram step in. Through their partnership, Equity and MoneyGram are making it easier for both customers and non-customers to "Do More Across Borders,” this September to December 2025.

Now, you can send money abroad at discounted rates to key international destinations including India, Pakistan, Nepal, Canada, the USA, Australia, and South Africa. 

The MoneyGram Send service offers: 

1. Affordable transfer rates – Equity is now offering a 50% discount for international money transfers, reducing costs from 4% to just 2%. 
2. Fast, reliable delivery – Funds are delivered quickly to ensure school fees, healthcare, or upkeep are covered without delay. 
3. Multiple payout options – Customers can send funds directly to mobile wallets, bank accounts, or for cash pickup at international MoneyGram locations. 
4. Global reach – Covering key corridors such as India, Pakistan, Nepal, Canada, the USA, Australia, and South Africa, Equity and MoneyGram make it affordable to send money to loved ones in these regions. 

Every shilling counts. With Equity Bank and MoneyGram, your money goes further, faster, giving you the confidence that your loved ones are cared for, no matter where they are.

This partnership offers peace of mind to people like Mary and Tom, knowing their families can thrive without a hitch. From funding education and healthcare to providing regular upkeep, MoneyGram and Equity offer a practical, trusted solution that connects you to what matters most, wherever you are in the world. 

Visit your nearest Equity branch or select agents to send money at reduced rates or find out more here:https://equitygroupholdings.com/ke/pay-send-money/personal/money-transfer-services/moneygram/  

Delegates attending the ongoing five-day trade mission to the DRC, organized by Equity Group, were captivated by the scale and efficiency of large-scale farming operations near Lubumbashi. These site visits highlighted the immense opportunities in agriculture, particularly in addressing the region’s food security challenges.

A visit to Jambo Farming Company, located two hours south of Lubumbashi, showcased the transformative potential of mechanized farming. Spanning 4,500 hectares of maize, Jambo plans to expand into wheat cultivation on 500 hectares in the coming season. The farm’s operations are highly mechanized, employing machinery comparable to earth movers, including 410-horsepower tractors towing multiple 14.5-meter ploughs and specialized tractors with 35-meter spray booms capable of spraying 15 hectares in a single trip.

“Soils here are heavy, hardening to earth stones, so you need heavy-duty discs to break them up during ploughing,” explained Vishal Fatania, a Director at Jambo. The farm consumes 5,000 liters of diesel daily during ploughing season, enabling it to produce 22,000 tonnes of grain annually. Despite this impressive output, Jambo and two other large farms in the region supply only 7% of Katanga’s maize demand, with the shortfall being imported.

“This tells you there is a huge gap waiting for investors,” Fatania emphasized, noting that irrigation is also viable due to the shallow water table. The potential for large-scale farming in the DRC is vast, with opportunities to meet local demand and tap into regional markets.

Paty-Paterne Mushagalusa, EquityBCDC Associate Director for Commercial Projects and Sectors, highlighted the significance of Jambo’s operations within the framework of Equity’s Africa Recovery and Resilience Plan (ARRP). “The three biggest farming companies barely supply 10% of Katanga’s maize demand. This means there is an opportunity for others to emulate them and seek financing. With the right syndication, Equity can advance up to $4 billion,” Mushagalusa said.

Real estate developer Dr. Ishaq Buya, visiting from Mombasa, was equally impressed by Jambo’s scale and efficiency. He pointed to the high level of mechanisation and economies of scale as key factors in achieving significant productivity, such as yields of up to 7 tonnes of maize per hectare. “This is something we can emulate back home in Kenya,” he noted, adding that such practices could serve as a model for agricultural development in other regions.

While agriculture took centre stage during the mission, delegates also explored opportunities in manufacturing and logistics. A visit to Hyper Psaro, a bottling plant in Lubumbashi, revealed the immense demand for beverages and bottled water in the region. The company distributes 70% of its products within Katanga, with the remaining 30% transported to Kinshasa, 2,300 kilometres away. However, poor infrastructure makes transportation a logistical nightmare, taking up to two weeks by road and a month during the rainy season.

Production challenges at Hyper Psaro are further compounded by erratic electricity supply, forcing the plant to rely on generators and solar lighting. Despite these hurdles, the demand for bottled water and beverages far exceeds supply, presenting a lucrative opportunity for investors in the bottling ecosystem.

Equity Bank has been instrumental in supporting businesses in the DRC, dedicating 35% of its lending to agriculture under the ARRP. The bank has demonstrated its capacity to finance large-scale projects, with loans of up to $20 million available to clients. Delegates praised Equity’s role in facilitating trade missions and providing strategic guidance to businesses seeking to expand in the region.

Esther Thongori, CEO of Lohim Company, highlighted the bank’s support, noting its seamless cross-border account management and willingness to guide clients in unlocking opportunities. “Equity is a very supportive bank, not only financially but also by extending a guiding hand to anyone seeking to grow their businesses,” she said.

Speaking during a plenary session at the ongoing conference in Lubumbashi, Associate Director at Orkam Consultants, Kinkela Orelis, emphasized the importance of formalizing businesses as a prerequisite for investment.

“Understanding regulations, legal frameworks, and tax requirements is essential to unlocking business opportunities here, just as it is in any other country. The abundance of opportunities in the DRC does not exempt investors from adhering to established requirements,” he said.

Orelis, an expert in accounting and advisory services, further advised Chief Executive Officers (CEOs) to involve their Chief Operating Officers (COOs) to mitigate risks associated with non-compliance. “CEOs are the visionaries of their businesses, but they often overlook the need to involve their COOs in follow-ups on investments. This oversight can lead to regulatory breaches that flag their investments,” he noted.

He reassured delegates that bureaucracy is no longer a significant concern, citing the streamlined one-stop registration process for companies in the DRC. “While the DRC is often described as a land of opportunity, it is a misconception to assume it operates as a laissez-faire market. Compliance here is as critical as it is in Kenya or any other country. If you meet the requirements, there is no reason you cannot succeed,” he said.

He also highlighted a 2018 law mandating the engagement of certified public accountants (CPAs) to ensure businesses operate within the legal framework.“The intent behind this requirement is to encourage businesses to operate correctly. Engaging a CPA is not just a good practice but a legal necessity for compliance,” he added.

Equity Group Director of International Trade Relations, AQ Hamza, outlined the bank’s role in supporting trade missions. “We facilitate large delegations to explore and understand markets. Once you identify an opportunity, we connect you with relevant stakeholders through targeted meetings. For those ready to invest, we organize site visits to established businesses to provide insights into the market,” he said.

Hamza added that Equity also assesses financial needs and provides support to help businesses establish and grow. “With our team here in the DRC, we also encourage investments in other markets such as Kenya, Uganda, Tanzania, and South Sudan,” he said.

EquityBCDC Associate Director for Commercial Projects and Sectors, Paty-Paterne Mushagalusa, shared Equity’s success story in the DRC since its 2015 investment. “Equity’s journey in the DRC demonstrates what is possible when opportunities are pursued despite challenges. It offers invaluable lessons for those looking to establish themselves here,” he said.

Mushagalusa attributed Equity’s success to strategic acquisitions, operational excellence, and a commitment to financial inclusion, all aligned with the Africa Recovery and Resilience Plan (ARRP). “The ARRP is our bold strategy to catalyze, capacitate, connect, and finance enterprises and households across Africa. This vision has guided our investments in infrastructure, technology, and human capital, ensuring sustainable growth and socio-economic impact,” he said. He added that Equity’s approach was tailored to meet the needs and aspirations of the Congolese people.

Among the companies represented at the summit was Galana Energies, which is already operational in the DRC and plans to expand to cities such as Kolwezi. Exports Manager Marrietta Muvea described the trip as an eye-opener for Kenyan investors. “This platform has allowed us to meet potential customers and network with others who understand the market dynamics, such as company registration requirements. It’s an excellent opportunity for participants to collaborate and grow their businesses,” she said.

Engineer Martin Njoroge, CEO of ICT firm Informs Systems, highlighted his company’s regional presence, including operations in Somalia and Djibouti. The firm specializes in fire systems and is exploring opportunities in the mining and petroleum sectors. “My first trade mission with Equity was last year in Kinshasa, where I discovered numerous untapped opportunities. Now in Lubumbashi, we are heading to Kolwezi to explore even more prospects,” he said, commending Equity for providing a platform to transform lives.

Consider a small business owner who relies on an old, unreliable delivery truck to transport goods. The truck often breaks down, delaying deliveries and frustrating customers. Repair costs pile up, eating into profits, and the business struggles to meet growing demand. For individuals, the challenge could be commuting to work in an old car that constantly breaks down, leading to missed opportunities and unnecessary stress. These scenarios are all too common, but they don’t have to be.

To address these challenges, financiers like Equity Bank have introduced competitive asset financing solutions offering a seamless and flexible solution for individuals and businesses. The solution eliminates the financial burden of upfront costs, making it easier to acquire the tools needed to achieve personal and professional goals.

The solutions span a wide variety of assets, ensuring that customers can find solutions tailored to their unique needs. Motor vehicles such as private cars, light trucks, commercial trucks, pickups, PSVs, and taxis are included in the offering. Agricultural businesses can benefit from tractors, ploughs, combine harvesters, irrigation systems, cold rooms, and storage silos. Industrial equipment such as production lines, generators, and manufacturing plants is also covered, alongside medical equipment like CT scans, MRIs, ultrasound machines, and medical scanners. IT equipment, including mainframes, servers, printers, scanners, and projectors, as well as construction and mining equipment such as crushers, cranes, reach stackers, tippers, and concrete mixers. Special assets like aircraft, ferries, fishing vessels, solar panels, and electric vehicles are also part of the financing options.

With asset finance, one can enjoy a flexible repayment term of up to 84 months, allowing individuals and businesses to manage their cash flow effectively. Additionally, the financing is designed to meet specific needs through partnerships with trusted brands, ensuring customers receive high-quality, durable assets. For businesses, this solution is particularly valuable as it provides access to productive assets without tying up large amounts of capital. Whether it’s a delivery van or pickup, a fleet of trucks, or specialized equipment, businesses can now expand their operations and improve efficiency with ease.

Asset financing directly addresses common challenges faced by individuals and businesses. It simplifies the financing process to reduce delays and frustration, provides access to a wide variety of tailored financing options for different types of assets, and builds trust and confidence in financing solutions through partnerships with leading brands. It also ensures convenience by offering financing through preferred dealers and expands product variety to meet diverse consumer needs.

Equity’s innovative motor vehicle ownership solution is made possible through strategic partnerships with leading automotive dealerships, including CFAO Mobility, Toyota Kenya, Isuzu, Scania, TATA, and Simba Corporation.

By eliminating upfront costs and offering flexible repayment options, this solution empowers individuals and businesses to focus on what matters most - growth and productivity. For individuals, it means access to safer, more dependable vehicles. For businesses, it’s an opportunity to enhance operations, meet customer demands, and scale efficiently.

Whether you are an individual looking for a reliable car or a business seeking to expand your operations, the asset finance solution offers a unique opportunity to transform your individual or business productivity needs. With a wide range of asset options, flexible financing terms, and trusted partnerships, it’s time to power your next move, towards achieving your goals.

For more information, visit an Equity Bank branch near you or visit their website: https://equitygroupholdings.com/ke/equity-assets/asset-financing

The tailored solutions combine affordable voice and data bundles with free access to navigation apps such as Google Maps and ride-hailing apps, keeping operators connected throughout their workday.

To further enhance safety and security, the propositions include subsidised insurance covers for drivers and riders from accidents, illness, or loss of income, as well as training on financial literacy and road safety.

On financial wellness, Safaricom has rolled out Safire Connect empowerment forums where riders and drivers get to learn about entrepreneurship and digital & AI fluency.

Safaricom Unveils Tailored Solutions for Ride-Hailing Drivers and Boda Boda Operators. /PHOTO

The new propositions build on Safaricom’s commitment to empower ride-hailing drivers and riders with affordable 4G-enabled devices, thereby bridging the digital divide and increasing their earnings by enabling them to engage in online opportunities.

Drivers on the Bundle Ya Dere will also soon enjoy fuel discounts on Shell FuelSave Unleaded and V-Power every Friday at all Shell outlets across Kenya.

“We understand the challenges faced by Kenyans in the transport sector, especially with the rising cost of operations. Through our partnership with Safaricom, we aim to ease this burden, with the fuel discounts to drivers being a significant boost for operators,” said Patrick Masinde, Retail Manager, Vivo Energy Kenya.

“Our purpose is to transform lives by empowering people to people, opportunity, and knowledge. With Ofa Ya Boda Boda and Bundle Ya Deree, we achieve the three in a single act, offer connectivity, safety, insurance, and financial empowerment to this vital sector,” Fawzia Ali-Kimanthi, Chief Consumer Business Officer, Safaricom PLC, weighed in.

The transport sector accounted for 4.4 per cent of Kenya's Gross Domestic Product (GDP) in the fiscal year 2024, according to the Kenya National Bureau of Statistics (KNBS) 2025 Economic Survey.

There are over 1.4 million registered motorcycles, which create more than one million direct jobs. Most riders earn between Ksh 500 and Ksh 1,500 per day, generating an estimated Ksh 1 billion daily in income, making the sector critical to livelihoods and economic growth.

By addressing high costs, safety risks, and financial vulnerability, these new propositions position Safaricom as a trusted partner for Kenya’s transport operators, helping them work smarter, save more, and secure their future.

Boda boda riders can enjoy Ofa Ya Boda by dialling *544*8#, while Bundle Ya Dere is available to online cab drivers on *544*6#.

Consider Zawadi who sat at her kitchen table, with a stack of medical bills in front of her. Her husband, Michael, had been in a serious car accident three months ago. While he was fortunate to survive, the recovery had been slow, and he was still unable to return to work. The financial strain was growing, medical bills were piling up, and with Michael’s income lost, the family’s budget was stretched thin.

It wasn’t just about the hospital bills; there were everyday expenses, mortgage payments, school fees for their two children, and the growing pressure to keep things running smoothly. Michael had always been the provider, but now, with his recovery taking longer than they anticipated, she felt like they were facing a mountain of financial uncertainty.

As Zawadi sifted through the bills, she remembered a conversation she had with their insurance agent, Benson, just a year earlier. At that time, Zawadi had hesitated to commit to additional expenses. With two children to raise and a household to maintain, adding insurance premiums to their list of financial commitments seemed daunting. But Benson had explained the benefits of insurance, including a comprehensive health plan, personal accident insurance, and even an education policy for the children. Benson also introduced the option of Equity’s Insurance Premium Financing (IPF), which allowed them to spread the cost of premiums over time, making it more manageable for families with tight budgets.

At first, the idea of insurance felt distant, something for the future that they might never need. But now, Zawadi saw how important those decisions had been. The health insurance covered most of Michael’s medical expenses, while the personal accident insurance provided a crucial payout that helped bridge the gap in lost income. Even the education policy they had set up for their children, now growing steadily, was a relief as it would ensure their kids could pursue higher education, no matter what.

Thanks to Equity’s Insurance Premium Financing, they hadn’t been burdened with a large lump sum payment upfront. Zawadi remembered how Benson had helped them break down the premiums into affordable instalments. This flexibility had made it possible for them to take out insurance without straining their finances. Each month, they were able to manage the payments comfortably without feeling overwhelmed.

As Zawadi watched Michael work on his rehabilitation exercises in the living room while their children played nearby, she felt an overwhelming sense of gratitude. They weren’t just managing the present; they had a partner that made securing their future more feasible.

Life’s uncertainties had hit them hard, but they had been able to navigate these challenges with the right tools in place. Insurance wasn’t about expecting the worst; it was about being prepared for the unexpected. And with Equity’s Insurance Premium Financing, Zawadi and Michael had protected their family without the financial burden.

For more information, check out the Equity Insurance Supplement 2025 here.

The partnership will see over 3,000 KOKO delivery agents switch to Spiro’s electric motorbikes, significantly cutting distribution costs while accelerating Kenya’s decarbonisation agenda.

KOKO, best known for distributing bio-ethanol cooking fuel to thousands of households in Kenya and Rwanda, says the move extends its sustainability strategy beyond kitchens and into transport — creating a ripple effect in the fight against climate change.

Spiro, Africa’s leading e-mobility operator, already runs 35,000+ electric motorbikes across the continent and manages the largest battery-swapping network in Africa, with more than 20 million battery swaps completed. Its 800+ swap stations give riders and enterprises reliable, zero-emission transport at scale.

Industry watchers say the collaboration underscores Kenya’s growing role as a hub for sustainable innovation, proving how bold cross-sector partnerships can accelerate climate resilience while opening up fresh economic opportunities.

Why It Matters

This partnership tackles two everyday challenges at once — high fuel costs and climate change. By rolling out thousands of affordable, zero-emission e-bikes for KOKO’s delivery network, the deal lowers distribution expenses, protects households from rising transport costs, and creates cleaner air in congested cities.

It also signals Kenya’s growing leadership in green innovation, showing that sustainable solutions can create jobs, cut emissions, and make life cheaper for ordinary citizens.

Insurance is more than just a policy; it is protection. Whether it’s covering medical bills after an accident, repairing a car, or safeguarding your business, insurance offers financial security.

In Kenya, many small businesses face severe challenges, as seen in the case of Rose Nyambura, a business owner who lost her business worth millions in a fire during recent protests. Her business was located along Mfangano Street in Nairobi. “I had just bought new stock, and it was a night of endless tears. The compensation from insurance helped me rebuild my dreams and gave me hope,” she shared.

Without insurance, most of these entrepreneurs are left to rebuild from scratch, often without support. However, for those like Nyambura who had insurance, the compensation helped her rebuild her dreams and gave her hope.

One common misconception is that insurance is only for the wealthy. Insurance comes in a variety of ways to suit different budgets. From health coverage to property protection, policies are available for every financial situation. Even for the young and healthy, insurance provides protection against unexpected events that can drain savings.

Equity makes insurance more accessible through services like Insurance Premium Financing, which allows individuals and businesses to secure coverage without upfront payments. This flexibility ensures that more people can protect their health, property, and businesses without stretching their finances too thin. Equity’s ability to offer comprehensive coverage under one roof simplifies the process, helping customers make informed decisions.

“At Equity General Insurance, we understand that resilience is built on preparedness,” said Kris Mbwaya, Managing Director and Principal Officer of Equity General Insurance (Kenya) Ltd.

“Our mission is to ensure that every Kenyan, whether running a small business or managing a household, has access to reliable protection. What happened in downtown Nairobi is a powerful reminder that the right insurance cover can turn tragedy into a new beginning.”

Insurance is not a luxury; it’s a necessity. It provides peace of mind and stability, allowing you to focus on building your future. Equity ensures that, in times of uncertainty, you have a financial cushion to fall back on. With the right coverage, you can face life’s challenges with confidence, knowing that your future is secure.

For more information, check out the Equity Insurance Supplement 2025 here.

This transformation is anchored in Equity’s growth and diversification strategy, with its insurance arm, particularly through Equity Life Assurance Kenya (ELAK), demonstrating strong performance, innovation, and social impact.

Delivering Impact Through Growth

Equity’s insurance business delivered strong results in the first half of 2025, with Profit Before Tax rising by 26% to Kshs. 932 million. The profit growth was supported by a 115% increase in gross written premiums, of KSh 5.181 billion, up from KShs. 2.414 billion. Insurance revenue grew by 59% while total assets grew by 40% to Kshs. 31.48 billion up from Kshs. 22.4 billion. Profit after tax was 27% up from Kshs. 520 million to Kshs. 660 million. This growth reflects sustained customer demand, a digital-first distribution model, and continued expansion of its product offerings.

Equity Life Assurance saw gross written premiums grow by 58% to Kshs. 3.8 billion up from Kshs. 2.4 billion, with net insurance and investment revenue growing by 18% to Kshs. 953 million up from Kshs. 808 million, with profit before tax rising by 20% to Kshs. 890 million from Kshs. 740 million. Insurance contract liabilities grew by 22% to Kshs. 23 billion up from Kshs. 18.9 billion. Total assets increased to Kshs. 28.6 billion up from 22.4 billion. Return on equity stood at 40.7% with a return on assets of 4.7%. Within 3 years of operation, Equity Life Assurance has reached 6.7 cumulative unique customers and issued 16.6 million policies with a remarkable 80% delivered digitally.

The General Insurance, which began operating this year, has had a strong start with a Kshs. 1.36 billion gross written premiums within 6 months, generating Kshs. 640 million in insurance revenue to register a profit before tax of Kshs. 32 million, a 6.6% return on equity and a 2.8% return on assets.

The Group has also expanded its insurance portfolio with the acquisition of a health insurance license in July 2025, complementing its existing life and general insurance products and positioning it as a fully composite insurer.

Building a Complete Protection Suite

Equity Group continues to broaden its insurance offering with a focus on delivering comprehensive protection to customers across all life stages and needs. Building on the strong foundation of ELAK, the Group is expanding into both health and general insurance to offer a full spectrum of insurance solutions.

In line with this vision, Equity has acquired a health insurance license. This will allow the Group to provide quality, affordable medical coverage, further complementing its life and general insurance offerings. This development reinforces Equity’s commitment to safeguarding the health and well-being of individuals, families, and businesses.

Simultaneously, the Group reached a major milestone in 2024 with the launch of Equity General Insurance, following regulatory approval. This new entity expands access to insurance products such as motor, property, fire, personal accident, theft, and liability insurance, filling key protection gaps for individuals, MSMEs, and corporates alike.

Together, these developments signal a new chapter for Equity Assurance as it transitions from a single-line life insurer to a fully integrated, multi-line insurance provider. By combining life, health, and general insurance with its deep understanding of local markets and robust digital infrastructure, Equity is reshaping the insurance experience across Kenya and the region.

Seamless Integration of Insurance and Banking

One of Equity’s enduring strengths lies in its ability to embed insurance into everyday banking. Through Equity Bancassurance Intermediary Limited, customers can access insurance products alongside their routine banking services. This integrated approach helps demystify insurance, build trust, and promote uptake of coverage as part of long-term financial planning.

For more information, check out the Equity Insurance Supplement 2025 here.

The report, themed Creating a World of Endless Possibilities Through Sustainable Practices, sets a benchmark for the company’s commitment to integrating ESG principles into its core business strategy and operations.

It outlines a structured approach to sustainability, anchored on three pillars: Environmental Impact, Social Responsibility, and Governance (ESG).

This framework aligns with key United Nations Sustainable Development Goals (SDGs), including Good Health, Quality Education, Affordable and Clean Energy, and Climate Action.

Left Joel Kamau, CEO, Proto Energy and Daniel Kiptoo Bargoria, Director General, EPRA, during the launch of Proto Energy’s Sustainability Report on August 20, 2025. /PHOTO

Among the highlights in the first half of 2025:

• Education: 38 schools were converted from traditional firewood to cleaner, safer LPG cooking systems, creating a healthier learning environment for students.
• Health: 3 medical camps were conducted for staff and the surrounding communities.
• Women's Empowerment: 37 female employees benefited from a dedicated leadership and growth program.

“In an era where sustainability is no longer optional but essential, Proto Energy is embedding it at the core of our business,” said Joel Kamau, CEO of Proto Energy.

“This reflects our steadfast focus on the planet, its people, and the creation of long-term value. Our mission is to deliver clean, quality, and accessible LPG to every Kenyan household and business while protecting the environment and empowering our communities. Together, we fuel a future that is affordable, sustainable, and inclusive.”

Proto Energy’s sustainability journey follows a clear, multi-phased roadmap. Having established a baseline in H1 2025, the company will design and implement a comprehensive sustainability framework by the end of H1 2026.

“Our ambition goes beyond numbers; it’s about shaping a future where every home and business in Kenya can access clean energy without compromising the health of our environment,” added Kamau. “We believe that sustainable energy is the bridge to stronger communities, thriving businesses, and a more resilient nation.” He added

The company also demonstrated its commitment to environmental stewardship and safety by planting 600 trees across operational sites, with the Proto Miritini Plant named overall winner in the Oil and Gas industry category at the annual Directorate of Occupational Safety and Health Services (DOSH) awards.

Looking ahead, Proto Energy has set ambitious targets, including:

• Achieving Net-Zero carbon emissions by 2040
• Restoring 100 hectares of forested areas by 2030
• Transitioning 50 more schools to clean LPG cooking by 2027

The full 2025 Sustainability Report is available on the Proto Energy website.

About Proto Energy Ltd.

Proto Energy Ltd. is Kenya’s largest bulk gas, Autogas, cylinder manufacturing, and LPG refilling company, established to meet the growing demand for LPG in the domestic and industrial sectors. 

Through its trusted brands, Progas and Seagas, the company provides safe, clean, affordable, and reliable LPG solutions, positioning itself at the forefront of powering Kenya’s transition to sustainable energy.

According to a joint press release dated Tuesday, August 19, the product is designed to cushion motorcycle taxi riders and owners from financial shocks arising from hospitalisation and loss of life.

Under the new cover, insured riders will receive Ksh1,000 per night of hospitalisation, beginning from the third night, for up to 50 nights within a calendar year. In the event of death, the policy provides a last expense benefit of Ksh100,000 to the rider’s nominated next of kin.

L-R, Kunihiko Kawano, CEO & Founder, Incourage Insurance Agency, Martin Karenju, MD, Old Mutual Life Assurance Kenya, Salli Nyawira, GM East Africa Rescue.co and Joseph Njuguna, MD, Rafiki Microfinance Bank, during the launch of the Boda Riders Super Cover, a new solution that offers hospitalisation and last expense support to subscribers. /PHOTO

Speaking at the launch, Martin Karenju, Managing Director of Old Mutual Life Assurance Kenya, said the product directly addresses the day-to-day realities faced by boda boda riders.

“The number of boda boda operators in Kenya is increasing rapidly, and so are their needs. This cover is built to meet their realities, offering cash support when hospitalisation interrupts earnings and dignified support for families when tragedy strikes. With trusted partners and KBA’s nationwide reach, we are making protection simpler, faster and closer to riders,” he said.

The need for such interventions is urgent. Data shows that over 1,000 people were treated for motorcycle crash injuries within 18 months, with an average hospital stay of 18 days. Nearly 30 per cent of the victims remained in the hospital for more than three weeks. 

Motorcycle users also accounted for 35 per cent of all road fatalities in 2023, underscoring the high vulnerability of both riders and passengers.

Beyond the human cost, road trauma has become a significant economic burden, draining between three and five per cent of Kenya’s GDP annually—approximately Ksh 310 billion lost in productivity, healthcare and related expenses.

In 2024 alone, 4,748 lives were lost on Kenyan roads, highlighting the urgency of targeted solutions for vulnerable groups such as boda boda riders.

The boda boda sector is one of the fastest-growing industries in Kenya, with the National Transport and Safety Authority (NTSA) estimating over 1.6 million active riders and more than two million licensed operators. The sector provides critical transport services for both urban and rural populations while serving as a major source of employment and income.

According to KBA National Executive Chairman Charles Gichira, the partnership represents a major step in protecting this vital community.

“This partnership blends community networks with institutional strength. It is protection that riders can truly use, but delivered in a way that is simple, fast and fairly priced," he remarked.

Old Mutual will provide underwriting expertise, product design, and claims management. KBA will oversee member enrolment and serve as the main touchpoint for claims.

On its part, Rescue.Co will offer emergency coordination and referral services, while Incourage Insurance and Rafiki Microfinance Bank will focus on distribution, premium collection, and financing.

The launch of the Boda Riders Super Cover marks a significant milestone in extending practical, affordable protection to one of Kenya’s most dynamic but vulnerable sectors.

A private ward at a hospital in Nairobi. /NAIROBI SOUTH HOSPITAL

In most Kenyan homes, it isn’t just parents who shoulder the responsibility. Older siblings often step in by sending money home, buying supplies, or simply guiding their parents on how best to stretch the budget. Each role is important in ensuring that children are fully prepared for school.

But with rising costs of living, how are families coping? Increasingly, many are turning to digital banking solutions to ease the pressure.

Why Every Shilling Matters

Ask any parent doing back-to-school shopping at Nairobi’s River Road or Kisumu’s Oginga Odinga Street, and they’ll tell you that every shilling counts. Transaction charges on payments, however small, add up quickly.

To address this, Equity has made it easy for families to make payments for school fees, uniforms, and supplies without extra charges when using the Equity Mobile App, Equitel, or *247#. For families already stretched thin, avoiding unnecessary deductions means that money can be redirected toward something else, perhaps an extra set of books, or even a snack for the child’s first day back.

Handling the Budget Pressures

January, May, and September are notorious “school months” in Kenya. Parents and siblings alike often describe them as the hardest parts of the year financially. Between rent, food, transport, and school fees, many households struggle to keep up.

This is where flexible financial tools come in. Through Equity’s platforms, families can access instant loans of up to Ksh 3 million without paperwork or guarantors, useful when school deadlines arrive before the salary does. And with features like Boostika, parents and guardians can complete payments even when they are short on funds.

Such innovations are a lifeline for families that simply need a little extra room to breathe...and who doesn’t?

Protecting Students’ Pocket Money

For boarding school students, pocket money is a vital part of school life. But cash can easily be lost or misused. Increasingly, parents and siblings are turning to prepaid cards offered by banks like Equity.

These cards allow families to load money directly, ensuring that funds are secure and traceable. For students, it offers the freedom to buy meals or small essentials without worrying about losing cash in crowded dormitories or school grounds. For parents, it provides peace of mind and a gentle way to introduce financial responsibility.

The Role of Older Siblings

Kenya’s family structure often places older siblings at the heart of education. Some send money home each term; others, even if they don’t provide financial support, strongly influence their parents’ spending decisions.

With Equity-to-Equity transfers being free, siblings can send contributions without losing money to charges, a small but significant relief when every coin matters. For those who guide decisions rather than contribute directly, encouraging digital payments, cashless shopping, and responsible budgeting helps parents save time and resources.

The Bigger Picture

Back-to-school season is not only about households; it also powers a whole ecosystem. Bookshops, uniform vendors, shoe sellers, and school bursars all prepare for the rush. Agents handle deposits, and suppliers take bulk orders.

Digital solutions like the One Equity Till Number have made it easier for businesses and schools to reconcile payments and access short-term financing to meet demand. For agents, float financing ensures they can keep up with the surge in school fee transactions.

When parents, siblings, schools, and businesses are all supported, the entire education system runs more smoothly.

At its core, this is about more than money. It’s about dignity and opportunity. Every child who makes it back to class with fees paid and supplies in hand is a step closer to their dreams. Every parent who saves a few shillings, or a sibling who contributes without stress, helps keep that dream alive.

By easing back-to-school burdens, tools like free transfers, instant loans, and prepaid cards are helping to make education more accessible for millions of Kenyan families. Back-to-school season in Kenya will probably always be busy and stressful. But with the right tools, it doesn’t have to be overwhelming. Digital banking, zero-charge payments, and secure pocket money options are giving families practical ways to cope with the rising costs of education.

Remain Secure: Essential Security Tips to Protect Yourself

Equity Bank is committed to safeguarding its customers' accounts. If you're an Equity customer, keep these essential security measures in mind as you carry out your transactions this Back-to-School season:

1. Never share your ATM’s CVV (three-digit CVV code at the back of your card), PIN, password, or OTP; banks won’t ask for your PIN or password.
2. Use different passwords for banking and social media accounts.
3. If your card gets stuck at an ATM, don’t leave or accept help; call your bank immediately.
4. Use mobile data, avoid using public Wi-Fi for online banking.
5. Confirm payment instructions before transferring money.
6. Download banking apps only from official stores and enable 2-factor authentication.
7. Memorise your PIN, keep it private, and cover the keypad when entering your pin while in public.
8. Report lost IDs or passports to your bank immediately and other relevant authorities.
9. Don’t accept help from strangers at ATMs; call your bank if your card is stuck.
10. Monitor your accounts regularly and report suspicious activity promptly.
11. Report any suspicious numbers or SMS lines to 333 for FREE.
12. Be wary of calls or messages from unknown numbers. All official calls from Equity Bank will originate from 0763 000 000.

Be Vigilant: Take control of your financial security now, protect yourself from fraudsters and ensure your hard-earned money stays safe! To learn more, visit: Secure Banking Tips | Equity Bank Kenya.

The nationwide promotion, run by Coca-Cola Beverages Africa (CCBA) in Kenya, will reward consumers with cash, airtime, and data bundles.

How it works, in three easy steps:

1. Buy a 300ml glass bottle of Coca-Cola, Sprite, Fanta, Stoney, Krest, or Schweppes.
2. Check under the yellow cap for a unique code.
3. SMS the code to 40111 and stand a chance to win instantly.

“At Coca-Cola, we believe in creating simple yet magical experiences for our consumers,” said Juliana Kituma, Director, Frontline Marketing, Kenya at Coca-Cola East and Central Africa Franchise.

“With this promotion, we’re making it easy for people to win real prizes in real time. Airtime prizes will be delivered directly to winners’ phones, while cash prizes will be securely transferred to their mobile wallets — making the entire process fast, seamless, and accessible.” 

Alfred Mabu, Revenue Growth and Trade Marketing Director for CCBA in Kenya, emphasised the company’s broader commitment to consumers: “Our diverse portfolio reflects our dedication to providing beverages that meet the preferences of Kenyans. This promotion is another way we’re refreshing Africa daily and creating shared value.

“This campaign is our way of thanking Kenyans for their loyalty, while also giving back in a meaningful way. We’re proud to roll out a consumer promotion that brings joy to everyday moments,” he added.

Whether it’s topping up airtime, covering essentials, or simply treating yourself, this nationwide promotion gives Kenyans the opportunity to win big and enjoy life’s simple pleasures.

"It is both an honour and a great privilege for Meru County to host the 2025 edition of the Kenya National Music Festivals, a celebration of rich culture, creativity, and youthful brilliance," Governor Mutuma declared. "Today, Meru comes alive with the sounds of our national soul, the beat of tradition, the vibrancy of youth, and the spirit of unity. For our young performers, your stage is here. Your time is now. Shine with confidence, sing your truth, dance your heritage, speak your soul."

Beyond artistic expression, Governor Mutuma highlighted the festival's critical role in driving economic growth and strengthening national identity. "This festival enhances the creative economy through artistic expression for sustainable development. It speaks to the future of our country. Through music, we nurture unity and shared citizenship," he noted. "Our oral traditions, folk dances, and ancestral melodies are not museum relics. They are the living heartbeats of who we are. This stage has launched numerous stars. What begins as a school performance often becomes a lifelong career, and that journey begins here."

Governor Mutuma also emphasised the festival's broader economic impact, noting the vast ecosystem it supports beyond the stage. He detailed Meru County's commitment to fostering the creative economy through investments in talent studios, enabling youth to produce, record, and earn a living from their creativity. "These performances are not only entertainment but also education. They provoke thoughts, offer solutions, and awaken a collective responsibility," he said, pointing to their potential to address issues such as peacebuilding, mental health, climate change, and gender equality.

Elyas Abdi Jillaow, Director General of the Ministry of Education, echoed these sentiments, emphasizing the Kenya Music Festival theme, 'Enhancing the Creative Economy through Artistic Expression for Sustainable Development.' as a call to cultivate young talent as future content producers and innovators.

"Artistic expression through music, elocution, dance, and drama is not merely for entertainment but a powerful vehicle for innovation, job creation, community building, and national identities," Jillaow stated.

He further linked the festival to Kenya's Competency-Based Curriculum (CBC), which promotes diverse skills and contributes to national unity. "The creative economy is one of the fastest-growing sectors globally. In Kenya, it is time we position our learners to be producers of content, not just consumers; to be job creators, not just job seekers," he asserted. "Through this festival, we are nurturing the next generation of composers, poets, playwrights, producers, entertainers, and cultural ambassadors. These learners are not just performing; they are building Kenya's future."

Equity Group partnered with the 2025 Kenya Music Festivals, providing a significant sponsorship of Ksh 25 million highlighting its commitment to promoting cultural diversity, talent, and creativity. Peter Muturi, Head of Commercial Marketing at Equity Bank, emphasized the bank's dedication to empowering communities through comprehensive insurance solutions.

"This year's KMF theme aligns perfectly with Equity’s own theme: ‘Securing Lives Transformed and Wealth Created through Life, Health, and Wealth Insurance,’ reflecting our dedication to securing lives, transforming futures, and fostering sustainable wealth," Muturi explained. "We firmly believe that investing in creative talent leads to thriving communities and national prosperity. Young artists are future visionaries and change-makers, and Equity Group is proud to champion their growth as part of Kenya's 80 billion gig economy."

The festival will feature participants from preschools, primary schools, junior secondary schools, secondary schools, teacher training colleges, TVET institutions, and universities. Events are taking place across Meru School, Meru Teachers College, and Kaaga Girls High School from August 4 to August 12, 2025. Winners’ galas are scheduled for August 13 and 14, culminating in a State Concert at Sagana State Lodge on August 16, 2025.

Rhythm & Brunch is Nairobi’s premier lifestyle and music experience, celebrated for its nostalgic R&B vibes, fashion-forward crowd and curated experiences.

The festival featured standout performances from top acts like Dj Nijo, CNG Dj, Charisma and more, adding to the electric atmosphere.

Festival-goers explored a fully connected smart home setup featuring devices such as LG TVs, refrigerators, lighting, soundbars, gaming rigs and more - all controllable from a single smartphone.

From adjusting mood lighting, sound, and air conditioning to switching TV channels, the setup illustrated how daily life becomes more seamless when powered by fast, reliable connectivity and smart technology.

Eventgoers at Rhythm & Brunch enjoy a simulator driving experience on August 2, 2025. /PHOTO

Central to the experience was Safaricom’s 5G Wi-Fi router. Once retailing at Ksh 25,000, and later at Ksh 11,000, the router is now available for just Ksh 2,999, supporting up to eight devices simultaneously.

The price drop reflects Safaricom’s continued commitment to making internet connectivity and smart living more accessible to Kenyan households.

“Connectivity shouldn’t be a luxury,” said a Safaricom representative. “We want more Kenyans to experience what it means to live in a smart, connected home.”

To further this goal, Safaricom has partnered with Quickmart to stock the router in all outlets nationwide, alongside Safaricom Shops and Masoko.com.

The event brought together over 10 local and international food chain operators, allowing shoppers to sample signature dishes, enjoy family-friendly activities, and participate in live cooking demonstrations with top chefs. 

Commenting on this milestone, The Hub Karen General Manager, Jacobus Visser, said, “We are proud to celebrate nine years of delivering world-class experiences to our customers. We continue to grow each year and remain committed to giving our customers the very best, as Nairobi’s leading destination for shopping, dining, and family entertainment.” 

On offer were traditional African dishes and exotic dishes such as Japanese sushi, Indian cuisine, Mexican dishes, popular fast foods, gourmet coffees, and desserts.

Traditional dancers entertain shoppers during the International Food Festival event to mark The Hub Karen Mall’s 9th anniversary. /PHOTO

The anniversary celebrations were also marked with traditional dances and a cake-cutting ceremony that was graced by The Hub Karen General Manager, the Mall’s staff, and select tenants.

“Thank you to every tenant, partner, employee, and customer who has been part of our 9-year journey. This is just the beginning of an exciting new chapter – one of continued innovation, growth, and shared experiences.” He added.

This year’s anniversary also coincided with major openings of global brand outlets into The Hub Karen, which include Natural Lamu, a handcrafted skincare and perfume brand founded by Mr. Manuel Silvestre, and MINISO, which unveiled its new-look African flagship store.

The Hub Karen officially opened its doors in May 2016, becoming one of the largest retail and leisure destinations in Nairobi. That same year, Carrefour launched its very first Kenyan branch at The Hub, bringing a world-class supermarket experience to the local community.

Today, The Hub hosts over 95 local and international tenants, including gyms, clinics, cosmetic and sports stores, family entertainment at The Hub Park, a tyre centre for vehicles, a variety of clothing stores, toy stores and flagship outlets– offering exclusive products only available at The Hub.

General Manager, Jacobus Visser (in a coat), leads staff in cutting the cake to mark the 9th anniversary of The Hub Karen Mall. /PHOTO

The event headlined by Arbantone’s latest sensation, Toxic Lyrikali and award-winning MC Azeezah brought together music lovers, loyal Kenya Cane consumers, and culture shapers for an unforgettable day of flavour discovery, great music, and authentic Kenyan vibes all in honour of the latest addition to the Kenya Cane family, Kenya Cane Lemon & Ginger!

“The turnout, the energy, and the love for the new Lemon & Ginger variant were phenomenal,” said Victor Adada, Brand Manager, Kenya Cane. “We launched this product to celebrate our consumers’ evolving taste and to bring a fresh, local twist to the table, and we’re proud of how strongly the market is embracing it.”

DJ sets by DJ Gibbz Tha Daq Child kept the energy high between performances, while Toxic Lyrikali, Tipsy Gee, Ayrosh, and Stage Revolution Band delivered show-stopping live sets that celebrated Kenyan sound and lyrical artistry.

Beyond the performances, attendees had the opportunity to taste the new Kenya Cane Lemon & Ginger, which blended the tanginess of lemon with the warm, spicy undertones of ginger, creating a smooth, modern twist. The event provided an opportunity for fans of the True Kenyan Spirit to interact with bold brand installations and connect with each other.

Located just 5 minutes from JKUAT’s main gate in Juja, this landmark development by Rafiland LLP is the first-ever furnished student accommodation in Kenya available for purchase, opening up a rare investment opportunity for both local and diaspora buyers.

The development also aims to address the critical shortage of student accommodation in the area while offering a high-return investment opportunity for the aforementioned demographics. 

Further, it is set to target not just students but also young professionals (lecturers and teaching staff), first home buyers, and High Net Worth Individuals (HNWIs). 

Why Rafi Studios?

As student numbers rise and available hostels remain scarce, Rafi Studios steps in as the smart solution, offering modern, move-in-ready apartments that combine convenience, style, and high rental yield.

Photos of inside the upcoming Rafi Studios apartments. /VIRAL TEA KE

Currently in the pre-sales phase and set for completion in September 2026, this is more than just student housing—it is a future-proof investment.

Project Overview

Situated in a prime location near JKUAT, Rafi Studios Apartments will consist of 351 residential units spread across 13 floors, combining studios and one-bedroom apartments specifically designed for university students, young professionals, and graduate interns. 

Investors will have access to three main unit types: single-bed studios measuring 25 square metres, priced at Ksh 2.4 million; twin-bed studios of the same size and price; and one-bedroom apartments measuring 45 square metres, priced at Ksh 4.2 million, making this the first furnished student accommodation in the country to be open for sale.

Each unit will be delivered fully furnished, featuring essential fittings such as quality beds, study desks, wardrobes, kitchenettes equipped with appliances, private bathrooms, and stylish yet low-maintenance finishes. The design ensures natural lighting, good ventilation, and secure access to all units.

Photos of inside the private bathrooms of the upcoming Rafi Studios apartments. /VIRAL TEA KE

Amenities and Facilities

Rafi Studios Apartments is being developed as a secure, gated community aimed at providing a comfortable living environment while ensuring long-term investment durability.

Security will be enhanced through 24/7 surveillance with CCTV cameras, as well as biometric or smart card entry systems that will filter students coming in. Further, a reliable borehole water supply, a backup power generator, and ample lighting throughout the property are expected to guarantee convenience for residents. 

The development will also feature communal study rooms and lounges, a visitor reception area, an on-site management office, and landscaped green spaces to promote a conducive living atmosphere.

Further, it will feature a minimart and restaurants set to occupy its ground floor.

Market Opportunity: Growing Student Housing Deficit

With JKUAT’s existing hostels able to house only about 2,700 students—primarily first-year and special needs students—the demand for private accommodation continues to rise.

In 2025 alone, the university admitted over 6,865 new students, pushing its total enrollment to more than 32,000. This leaves an estimated housing shortfall of over 25,000 beds annually.

Rafi Studios Apartments says it has been strategically developed to help bridge this significant gap, providing a reliable housing solution for students while creating a consistent rental market for investors.

Investment Potential

The development offers strong returns on investment and attractive payback periods, as illustrated in the table below:

Investors can select from twin-bed studios, which offer the highest returns with a 15% Return On Investment (ROI) and the fastest payback period; single-bed studios, which guarantee long-term stability with a 12% ROI; and one-bedroom apartments, which cater to professionals seeking privacy while yielding higher monthly rental income and capital appreciation over time. 

The project targets a diverse investor base, including parents seeking secure housing solutions for their children, diaspora Kenyans looking for passive rental income and capital growth, and first-time real estate buyers aiming for affordable and low-maintenance property investments.

According to the project spokesperson, who spoke to Viral Tea, “Rafi Studios is not just a student hostel, it’s a thoughtfully designed real estate investment tailored for the modern Kenyan investor."

"With rising enrollment numbers and persistent housing shortages at JKUAT, this project offers rare access to a fast-growing rental market," says the spokesperson.

Bookings and Inquiries

Rafiland LLP has opened off-plan bookings for prospective investors and buyers, who are encouraged to schedule site visits and secure their preferred units while early-stage pricing is still available. 

Interested parties can visit Rafiland’s website at https://www.rafiland.com/ as well as http://www.gimcoltd.com. Alternatively, an open day is scheduled for August 2, 2025.

State Of Kenya's Student Accommodation

Kenya is battling a huge housing shortage for students—as enrolment continues to boom (over 500,000 university students and rising), colleges simply cannot keep up with demand. Public universities often have outdated or overcrowded halls, forcing many students to seek private off‑campus housing that is in high demand but limited supply.

To fill the gap, private investors—led by Acorn Holdings under the Qwetu and Qejani brands—have stepped in big time by building purpose‑built student accommodation (PBSA) near major campuses, often offering studio units with modern perks like Wi‑Fi, common areas, laundry, and meals. Returns are solid (around 7–8 %) and occupancy rates stay strong.

Still, hurdles persist. Public‑private partnerships (PPPs) aimed at boosting student housing have stalled due to legal, funding, and land challenges. Government agencies like the National Housing Corporation and Kenya Railways are now entering the game, pledging to build thousands of beds. Universities like Kenyatta (KU) and Masinde Muliro are collaborating on hostel plans, but major capacity gaps remain across the board.

Graduands during a past Jaramogi Oginga Odinga University of Science and Technology graduation ceremony. /EASTLEIGH VOICE

This new variant blends the tanginess of lemon with the warm, spicy undertones of ginger to create a smooth, modern twist on a classic Kenyan favourite, a flavour inspired by the country’s rich culinary heritage and designed for today’s dynamic and adventurous consumer.

“Kenya Cane Lemon & Ginger is a celebration of culture, food, music and fashion, which is a true expression of The True Kenyan Spirit,” said Victor Adada, Brand Manager, Kenya Cane. “This launch is a toast to our consumers who are always evolving. We choose to celebrate them, and their aspirations for the future now, in a way that feels authentically Kenyan.”

The launch event is open to the public with entry by purchase of Kenya Cane 250ML for 1 ticket or 750ML for 2 tickets at the gate. The experience promises an immersive blend of music, food, culture, and fashion, featuring an all-star line-up of the award-winning MC Azeezah and celebrated DJ Gibbz Tha DaqChild. Live performances will be led by Toxic Lyrikali, Tipsy Gee, Ayrosh and Stage Revolution, who are all expected to deliver an unforgettable entertainment experience.

The launch is part of Kenya Cane’s ongoing commitment to cultural relevance and innovation, following a year of strategic repositioning and increased investment in consumer experiences. The Lemon & Ginger variant is a continuation of the brand’s mission to celebrate Kenyan identity while evolving to meet contemporary taste profiles.

Not for sale to individuals under the age of 18. Kenya Cane invites all consumers to come through, enjoy responsibly, and toast to new beginnings and bold flavours with the new Kenya Cane Lemon & Ginger.

These messages align with this year's KMF theme Enhancing the Creative Economy through Artistic Expression for Sustainable Development, and reflect Equity Bank’s theme, "Securing Lives Transformed and Wealth Created through Life, Health, and Wealth Insurance," with the financial entity as the main sponsor of the festivals.

Educators at the festival championed the push for early financial literacy, arguing that these creative platforms are ideal for instilling crucial life skills. Abel Mariaka, a teacher and composer from CGHU Primary School, Starehe, stressed the necessity of starting early. 

“It's important for them to save early because they need to prepare well for their future lives,” he said, adding that such planning is vital for covering future school fees amid inflation.

As a composer, Mariaka also noted a significant shift in the festival's creative themes, which now embrace topics like digital technology and finance. He sees this as a positive development, suggesting that even AI can be used as a tool to “encourage creativity and innovation among the students.”

John Njuguna, a trainer at Mirema School, echoed this sentiment, particularly on the subject of insurance. He stressed the practical importance of this education, arguing that it provides a foundation for future security.

He noted that when today's students face challenges like illness later in life, they can “rely on what you learned when you were young about the insurance.” Njuguna added that understanding that education has a cost and that insurance can help secure it is a vital lesson for learners.

Leading the charge at the regionals showcased across the country, Kyeni Girls High School, in a compelling narrative performed at the Chuka regionals, declared that "Insurance is your vaccine."

Their piece argued that just as a vaccine shields against illness, insurance provides a crucial defence against financial distress, covering everything from funeral expenses to ensuring "quality health without you."

Echoing this sentiment of security, Mabe Twinkling Stars, a Primary School in Nairobi, showcased "The Ark" as their central metaphor for insurance. This ark, they explained, is a haven where individuals and their investments are protected from life's storms.

"Consider Insurance, for you never know when tragedy will attack," they explained, highlighting the comprehensive nature of policies that cover everything from life and health to property and even work-related injuries. Their performance culminated in a powerful call to action: "Come on, come on. Let's be assured we are insured."

Meanwhile, Mtopanga Secondary from Mombasa championed insurance as a steadfast shield. Their recitations consistently reinforced the idea of protection and peace of mind. While performing at Kenyatta High School, Mwatate in Taita Taveta County, the high school students confidently declared, "We have removed worries. We are shielded with a shield."

This shield, they articulated, extends to various aspects of life, from ensuring financial stability in the face of illness – "It will treat cancer" – to covering funeral expenses and even providing for retirement and in times of crisis, will ensure families are not burdened.”

Mwenje Girls also detailed how insurance supports education, provides a comfortable retirement, ensures good health, and even offers support during times of disability.

With Ksh25 million sponsorship from Equity Group, the partnership has proven fruitful at the regional levels, ending this July. The nationals, set to be held in Meru this August, will see top performers like Precious Blood Secondary School, Alliance Girls High School, Statehouse Girls, Meru School, St Martin Kaewa, compete for the final honours

Insurance is Too Expensive

While cost is a valid concern, insurance offers significant financial protection for a relatively small, predictable investment. Consider the potential financial devastation of an uninsured medical emergency, car accident, or house fire.

Suddenly, that "expensive" premium seems like a small price to pay. Furthermore, Equity Insurance offers Insurance Premium Financing, providing loans to customers to cover their insurance premiums. This innovative solution makes insurance more affordable by allowing customers to pay in manageable instalments over 10 months, enjoying immediate coverage benefits.

I'm Young and Healthy; I Don't Need Medical Insurance

Illnesses and accidents can happen unexpectedly, regardless of age or health status. Health insurance helps cover medical costs, while life insurance provides financial support for your loved ones in case of an untimely demise. Equity Insurance offers a range of health and life insurance plans tailored to different needs and budgets.

My employer's health insurance is enough

While employer-provided health insurance is a valuable benefit, many employer plans have coverage caps, meaning they'll only cover medical bills up to a certain amount. Supplementing with additional coverage ensures continuous protection for long-term healthcare needs and can ensure your entire family is protected.

Only Expensive Items Need to be Insured

Even small losses can accumulate. Insurance provides financial protection for a wide range of assets, from your home and car to your personal belongings. Equity insurance offers comprehensive coverage options to protect what matters most to you.

Life insurance only benefits my beneficiaries, not me.

While life insurance provides crucial financial security for your loved ones after you're gone, it can also be a powerful financial tool for you during your lifetime. Depending on the policy, premiums might be tax-deductible, and some plans accumulate cash value that can be tapped into for needs like a child's education, a down payment on a house, or retirement income.

Having a Good Driving Record Guarantees Low Car Insurance Premiums

While a clean driving history is a factor, insurance companies consider other variables. Maintain a good driving record and explore options with Equity insurance to secure the best possible rates.

All Insurance Policies Are the Same

Insurance policies vary significantly. It's crucial to compare policies and choose coverage that aligns with your individual needs and risk tolerance. Equity insurance offers a diverse portfolio of policies, allowing you to select the right coverage for your specific circumstances.

Insurance is made complex to confuse customers.

The jargon and lengthy documents associated with insurance can be intimidating. However, many providers are actively working to simplify the process. Equity, for instance, uses clear and concise language in its policies, provides simplified risk notes, offers comprehensive FAQs, and has trained staff to explain policies in various languages, ensuring you fully understand your coverage.

Insurance Companies Will Do Anything to Avoid Paying Claims

Reputable insurance companies, like Equity, aim to pay legitimate claims fairly and promptly. Understanding your policy, providing accurate information, and keeping detailed records can significantly streamline the claims process. Kenya's insurance industry is regulated by the Insurance Regulatory Authority (IRA), providing an additional layer of protection for consumers. While this myth is not far from the truth, carefully selecting your insurance handler informs your claim experience.

 A partner like Equity Bancassurance Intermediary Ltd takes pride in its impressive claims settlement record. The intermediary's commitment to timely and 100% claim settlement has earned her prestigious recognition, including the winner of the Most Customer-Centric Bancassurance Intermediary award at the 2024 Think Business Insurance Awards.

The intermediary achieves this by partnering with reputable insurance companies and upholding the highest standards of integrity, ensuring that our customers receive fair and prompt compensation when they need it most. Equity Insurance believes that insurance is about trust, and she is dedicated to delivering on her promises.

It takes too long to file a claim, and insurance frustrates the process.

The thought of a lengthy and complicated claims process can be daunting during an already stressful time. However, many insurers have streamlined their processes. Equity, for instance, explains the claims process in detail from onboarding, sets expectations about timelines, and outlines required documents. Technology simplifies the process, allowing claims to be filed and documents submitted electronically at any Equity Bank branch. Equity also partners with reputable insurance companies and holds them accountable with clear SLAs for timely claim processing.

Speaking at the opening ceremony of the Nairobi regionals competition at Moi Forces Academy, Nairobi County's Regional Director of Education, Mrs. Victoria Muoka, emphasized the multifaceted role of music festivals, highlighting their importance not only for entertainment but also as a powerful medium for emotional expression, communication, and the preservation of cultural heritage across generations.

She also highlighted the collaborative effort involved, praising the dedication of teachers, coaches, and institutions in nurturing talent and preparing students for success.

"Music is more than just entertainment; it's a powerful tool for emotional expression, communication, and preserving our culture. These festivals showcase the incredible talent of our learners and the dedication of everyone involved in fostering creativity and teamwork,” said Muoka.

Pamela Mang'oli, Chairperson of the Kenya Music Festival's Nairobi region, further emphasised the critical importance of this year's insurance-focused theme, especially given its alignment with the Competency-Based Curriculum (CBC). Mang'oli highlighted that educating learners about insurance at an early stage is crucial for their future well-being and the nation's prosperity.

"This year, the participation in the music festival has significantly increased compared to last year, especially in the junior primary section. Last year was an introduction, but now we've expanded from three days to five days of performances. This year's theme is centred around insurance, and it's incredibly important, especially in line with the CBC curriculum. Considering our parents' income, health issues, and various challenges, introducing insurance at this stage will greatly benefit our learners and, by extension, the country's future."

Equity Group partnered with the 2025 Kenya Music Festivals, providing a sponsorship of Ksh 25 million aimed at promoting cultural diversity, talent, and creativity, while also highlighting Equity's commitment to empowering communities through comprehensive insurance solutions. 

This year’s theme, "Securing Lives Transformed and Wealth Created through Life, Health, and Wealth Insurance," reflects Equity's dedication to securing lives, transforming futures, and fostering sustainable wealth.

Mary Mungai, Equity Bank's Regional General Manager for Nairobi East, highlighted the bank's deep commitment to nurturing talent and creativity, particularly among the youth, through their partnership with the Kenya Music Festivals. She emphasised that this collaboration extends beyond financial support, aiming to empower individuals and communities by integrating financial literacy and comprehensive insurance solutions, ensuring that the wealth created through talent is also secured for the future.

"Our partnership with the Kenya Music Festival, backed by our Ksh 25 million sponsorship, is a testament to Equity Bank's dedication to fostering talent and creativity. We believe in nurturing these young minds from an early age, not just for artistic development, but also by equipping them with the financial tools, including insurance, to secure their future and ensure their hard-earned success endures."

This year’s festival includes participants from preschools, primary schools, junior secondary schools, senior secondary schools, teacher training colleges, TVET institutions, and universities. The national festival is scheduled to take place in Meru this August.

Bridging the Premium Gap for Women

"At Guaranty Trust Bank (Kenya) Ltd, we recognise that today’s woman is looking for more than just a place to save or transact.

"She seeks banking experience that speaks to her ambitions, her lifestyle, and her legacy. That’s why GTMalkia has been thoughtfully designed to offer a unique blend of experiential value, financial literacy, wellness, and generational empowerment, all anchored in competitive financial returns," the bank said in a statement.

Speaking at the launch, Jubril Adeniji, East Africa Regional Managing Director of Guaranty Trust Bank Ltd, hailed the account as a lifestyle platform for visionary women which rewards ambition, encourages wealth creation, and recognises the holistic needs of today’s accomplished woman. 

L-R - Jubril Adeniji - East Africa Regional Managing Director, Guaranty Trust Bank, Flora Mutahi - Founder and CEO, Melvins Marsh International LTD, Ann Njogu- Director, GTBank Kenya and Neil Ribeiro - Director, GTBank Kenya, during GTMalkia Launch. /PHOTO

"Based on our commitment to supporting Kenyan women in the pivotal role they play in developing the Kenyan economy and society at large, we have developed GTMalkia to support their journey not just financially, but in every aspect of their personal and professional growth," he remarked.

“For the first time, we are extending that crown to the next generation through our GTBinti sub-account, where teen daughters can begin their financial literacy journey early. Because true empowerment is not just what we offer today, it’s what we build for tomorrow. And while GTMalkia begins with women and girls, we want to assure you that the boychild is not forgotten. We are thoughtfully considering a complementary solution that will ensure every teen girl or boy has the opportunity to grow into a financially empowered future."

Key Benefits of the GTMalkia Account:

• Interest earned on main and sub-accounts
• Access to GTBank World Credit and Gold Debit Cards
• Sub-account for teens, with debit cards and financial mentorship tools
• Annual Financial Literacy Conference curated for women
• Exclusive discounts at select spas, salons, gyms, health centres, and boutiques
• Health Check-Ups and End-of-Year Luxury Vacation for top savers
• “Refer a Friend” rewards with gift vouchers

Research shows that Kenyan women account for about half of the country’s workforce and are a driving force in both formal and informal business sectors.

Their contribution to economic development is undeniable. With roughly 387,418 middle to high-level earning individuals in Kenya, an increasing percentage of 36.1 per cent being women, there is a demand for financial solutions that truly reflect their ambitions, priorities, and way of life.