Business

South Africa Expands bank-based Smart ID Services

South Africa is expanding access to Smart ID services through banks as the government moves to modernise its national identity…

3 months ago

NTSA Launches Automated System for Instant Traffic Fines

Motorists in Kenya will now receive traffic violation notices through an automated system after the National Transport and Safety Authority…

3 months ago

M-PESA Hits 40 Million Customers as It Turns 19

Safaricom has announced that M-PESA, its mobile money service, has reached 40 million customers as it celebrates 19 years of…

3 months ago

Government Increases Funding for NYOTA Program As Beneficiaries Rise

The government has increased funding for the National Youth Opportunity Towards Advancement (Nyota) programme after expanding the number of beneficiaries…

3 months ago

I&M Bank Shifts Focus to Digital Banking as it Slows Branch Expansion

I&M Bank Kenya is shifting its growth strategy toward digital banking, a move that has led the lender to reduce…

3 months ago

Absa Kenya Raises Dividend as Profits Grow

Absa Bank Kenya has increased its dividend payout after posting higher profits for the year ended December 31, 2025, even…

3 months ago

What M-Pesa’s Phone Number Masking Means for Users

M-Pesa users are set to enjoy greater privacy and protection after Safaricom introduced a new feature that hides customers’ phone…

3 months ago

Treasury Buys Back Eurobonds to Ease Repayment Pressure

Kenya’s National Treasury has bought back part of its 2028 and 2032 Eurobonds in a move aimed at reducing pressure…

3 months ago

CBK Moves to Update Kenya’s Banking Laws For Digital Era

Kenya’s banking laws are set for a major review after the Central Bank of Kenya (CBK) announced plans to amend…

3 months ago

Safaricom pilots new M-PESA feature allowing shared spending

Safaricom PLC is testing a new M-PESA mini-app called Shiriki Pay, which was added in January 2026. The feature allows…

3 months ago