KCB Group Plc’s proposed acquisition of a 22.23% stake in Kenyan fintech firm Pesapal Limited is under review by Tanzania’s Fair Competition Commission (FCC), with the regulator inviting public comments before deciding on the transaction. In a notice issued by the FCC, the commission said it has received and commenced reviewing the merger notification, which
Absa Bank Kenya and Vivo Energy Kenya have signed a financing partnership that will give eligible Shell service station dealers access to funds for upfront rent payments and construction of additional stations. Under the agreement, eligible dealers will obtain structured financing to pay landowners rent in advance for agreed periods, allowing them to secure locations
The Kenyan shilling weakened slightly against the US dollar during the week ending September 17, 2026, even as global crude oil prices declined. The shilling traded at Ksh129.62 per US dollar on September 17, up from Ksh129.45 on September 10, according to the Central Bank of Kenya (CBK) weekly bulletin released Friday, September 18. “The
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