The Competition Authority of Kenya (CAK) has allowed the proposed acquisition of control of Riverbank Solutions Limited by KCB Group Plc, but this is dependent on stringent terms regarding access to customer data and the satisfaction of contractual obligations. The approval follows a full merger analysis conducted under the Competition Act, CAP 504 of the
The Nairobi International Financial Centre Authority (NIFC) has successfully concluded a series of high-level engagements at the World Economic Forum in Davos, reinforcing Kenya’s emergence as a leading African hub for financial services, digital innovation, green finance, and regulated virtual assets. At a private leadership breakfast hosted by SCC Fund SP, ChainBLX SPC, and Digital.Davos,
Safaricom has confirmed that it will remain a Kenyan company and shareholder changes will not affect their operations. This Company’s CEO Peter Ndegwa made the announcement during Safaricom’s presentation before the Joint Parliamentary Committees on Finance & National Planning and Public Debt & Privatisation regarding consideration of Sessional Paper No. 3 of 2025 on Partial
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