Author: Muindi

Standard Chartered Bank Kenya is pressing ahead with plans to sell five properties pledged as security for loans advanced to collapsed retailer Nakumatt Holdings. The lender wants to recover more than KSh967 million and US$7.3 million in unpaid facilities, a combined exposure above KSh1.9 billion at current exchange rates. The bank has issued statutory notices to Creative Enterprises Limited and Nakumatt Investments Limited, the two companies that charged the properties as security for Nakumatt Holdings’ borrowing. Together, the notices mark a new stage in a recovery effort that has dragged on since the retailer’s collapse in 2017. What Nakumatt Owes…

Mobile money subscriptions in Kenya grew 13.2 per cent over the 2025/26 financial year to reach 54.0 million by June 30, 2026, a penetration rate of 101.3 per cent, according to the Communications Authority of Kenya’s fourth quarter sector statistics report. The growth came even as the agent network that supports it shrank. Registered mobile money agents fell 5.6 per cent in the final quarter, closing the year at 568,463, a decline that lines up with a broader shift toward app based and USSD transactions that need fewer physical outlets to complete a payment. Quarter end Mobile money subscriptions Penetration…

Nation Media Group (NMG) announced a region-wide editorial leadership realignment on September 16, 2026, moving Group Editor-in-Chief Dr. Joe Ageyo to Uganda and appointing Harry Misiko as Acting Editor-in-Chief in Kenya. Group Managing Director and CEO Geoffrey Odundo told staff the changes were effective immediately, citing a review of the group’s editorial structure and business requirements across the region. The appointments In Uganda, Ageyo becomes Editor-in-Chief, NMG Uganda. Washington Gikunju, previously Managing Editor, Publishing in Kenya, becomes Acting Managing Editor, NMG Uganda. In Tanzania, James Smart, previously Managing Editor, Broadcast and New Media in Kenya, becomes Acting Managing Editor, Broadcast…

The Nairobi Securities Exchange has given conditional approval for Wall Street Africa to list Kenya’s first locally domiciled exchange traded fund, moving the banking sector product closer to trading floors after nearly a year in development. The NSE’s approval follows the Capital Markets Authority’s own sign off in August, which Khusoko covered when it broke the news that regulators had cleared the fund. The exchange said WSA must still satisfy several listing and operational requirements before the ETF can begin trading. Riding The Banking Rally The timing works in WSA’s favour. Kenya’s stock market closed the week ended September 4…

Kenya has put its name behind a global pact to save the world’s migratory birds, as new research warns that nearly half of all migratory species are sliding toward extinction. Governments, scientists, conservation groups and financial institutions signed the Nairobi Flyways Declaration on Friday during the Global Flyways Summit in Nairobi, pledging coordinated action to protect the birds and the habitats that sustain them across continents. The signing coincided with the launch of BirdLife International (2026) State of the World’s Birds: A focus on migratory species and their flyways, the first edition devoted entirely to migratory birds and the flyways…

Kenya’s banking sector faces its most significant regulatory update in years. The Central Bank of Kenya (CBK) has invited public comment on revised rules that will reshape how banks manage risk, hold capital and report to regulators. CBK issued the notice on Thursday, September 10, 2026, opening consultation on four sets of documents: draft revised Prudential Guidelines, Risk Management Guidelines, Guidance Notes and a new Domestic Systemically Important Banks (D-SIBs) Framework. The regulator is carrying out the review under the Central Bank of Kenya Act and the Banking Act. What the review covers The Prudential Guidelines set the baseline requirements…