A new report from the Kenya Bankers Association shows that a majority of customers are increasingly shifting towards digital platforms, with mobile and internet banking emerging as the most preferred channels for transactions. Speaking during the launch of the 2025 Banking Customer Satisfaction Survey Report at Fairmont The Norfolk Hotel. David K. Kemei revealed that
M-PESA, Safaricom’s flagship mobile money platform, is now processing approximately Ksh 100 billion every single day. The platform is also handling more than 500 million transactions daily, powered by an upgraded system capable of processing up to 10,000 transactions per second. Safaricom CEO Peter Ndegwa disclosed during the Connected Africa Summit held in Nairobi, where
Kenya is facing mounting financial pressure after the World Bank delayed the release of a Ksh 96.9 billion ($750 million) budget support loan, citing pending reforms that the government must complete before the funds can be disbursed. The delay comes at a time when the government is grappling with a Ksh 1.22 trillion budget deficit,
Popular Posts
