Author: David Indeje

MTN Uganda is accelerating the separation of its mobile money business, MTN Mobile Money Uganda Limited (MTN MoMo), to comply with the National Payment Systems Act 2020 and align with MTN Group’s regional fintech strategy. The company plans to seek shareholder approval for this restructuring at an Extraordinary General Meeting (EGM) scheduled for 2 July 2025. The proposal involves spinning off MTN MoMo from MTN Uganda’s telecom operations to create a standalone fintech entity that meets regulatory and operational requirements. This separation is mandated by Uganda’s National Payment Systems Act 2020, which requires mobile money operators to establish separate legal…

Mama Rocks—Burger Kitchen Limited, a Nairobi-based gourmet burger chain, faces possible liquidation following a petition filed by co-founder Samantha Amimo Mwedekeli. The petition, filed on 16 October 2024, is scheduled for a hearing before the High Court, Commercial and Tax Division at Milimani Law Courts, Nairobi, on 12 June 2025 at 9:00 a.m. According to the official court notice (INSOLVENCY CAUSE NO. E71 OF 2024), “Notice is given that a Petition for the liquidation of the above-mentioned Company, MAMA ROCKS–BURGER KITCHEN LIMITED, a Limited Liability Company with its registered address at P.O. Box 788 – 00610, Nairobi, was on the…

Dr James Mwangi, CEO of Equity Group, shared on The Trading Bell Show a bold vision for financial inclusion and regional integration, emphasising people-centric banking, digital transformation, and cross-border partnerships. Equity Group’s initiatives, including loan rescheduling during COVID-19, collaborations with the United Nations High Commissioner for Refugees (UNHCR) and World Food Programme (WFP), and a fully digital banking model across six African countries, aim to drive sustainable development and shared prosperity. Financial Inclusion: A People-First Approach Dr Mwangi highlighted Equity Group’s commitment to prioritising customers and communities, particularly during crises. Reflecting on the COVID-19 pandemic, he stated, “For us, it…

Kenyan writer, scholar, and activist Ngũgĩ wa Thiong’o, renowned for his unwavering commitment to African languages and resistance to oppression, has died at age 87 in Atlanta. His passing was announced by his family on May 28, 2025. As his daughter Wanjiku wa Ngũgĩ wrote, “It is with a heavy heart that we announce the passing of our dad, Ngũgĩ wa Thiong’o, this Wednesday morning. He lived a full life, fought a good fight.” Ngũgĩ’s influence stretched across continents, generations, and languages. He was a perennial contender for the Nobel Prize in Literature and one of the few major writers…

The Kenya Information and Communication (Amendment) Bill 2025, introduced by Aldai MP Marianne Kitany, proposes significant changes to internet service billing and regulation in Kenya. The bill seeks to replace the current flat-rate, unlimited internet packages with a metered billing system, alongside imposing new requirements for data collection, reporting, and age verification. The proposed “Kenya Information and Communication (Amendment) Bill 2025,” introduced by Aldai MP Marianne Kitany, mandates ISPs to adopt metered billing systems, a stark contrast to the bundled and unlimited packages many consumers currently depend on. If enacted, the law would require providers to assign each customer a…

KCB Group Plc reported a net profit of KSh 16.5 billion for the first quarter of 2025, essentially flat compared to KSh 16.5 billion in Q1 2024. This performance comes despite ongoing pressures on asset quality, reflected in a rising non-performing loan (NPL) ratio. The lender’s net loan book expanded by 9% to KSh 1.02 trillion, while customer deposits remained stable at KSh 1.43 trillion. Net interest income saw a 9% increase to KSh 33.7 billion, driven by robust credit expansion and income from government securities. However, non-funded income declined by 10% to KSh 15.7 billion, impacted by subdued foreign…