Standard Bank Group’s Kenyan subsidiary, Stanbic Holdings, is reportedly in advanced talks to acquire NCBA Group Plc in a deal that could reshape Kenya’s banking landscape. According to Bloomberg, the merger would create the country’s third-largest lender with combined assets valued at approximately KSh1.1 trillion (US$8.5 billion). NCBA, which currently holds a market valuation of
Telecommunication giant Safaricom PLC has retracted an earlier message that warned of an eight-hour internet disruption affecting its Home Fibre service. In a statement released on Sunday, October 12, 2025, in response to concerned customers, including a post directed at social media user @MomentaryMuse, Safaricom clarified that the alert was sent in error and apologized
The International Monetary Fund (IMF) has outlined the next steps in its engagement with Kenya after completing an economic assessment mission in Nairobi. The IMF staff team, led by Haimanot Teferra, visited Nairobi from September 25 to October 9, 2025. In a statement on Friday, October 10, IMF said the purpose of the visit was
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