Many borrowers express concern about the potential for interest to escalate beyond control, resulting in debts that far exceed the initial amount borrowed. Legal frameworks aim to mitigate this risk, yet their implementation can vary significantly based on the type of loan and the applicable laws.In Kenya, the in duplum
Business
Safaricom to Hide Sender Phone Numbers in M-Pesa Transfers
Safaricom has announced a pivotal change in M-Pesa's data handling, which will now conceal the sender’s phone number during money transfers.In a statement on March 11, 2026, Safaricom CEO Peter Ndegwa emphasized that safeguarding customer information is crucial to the company's operations as M-Pesa evolves.“As M-Pesa celebrates its 19th anniversary
Aga Khan Fund to Sell Nation Media Group Stake to Rostam Azizi
The Aga Khan Fund for Economic Development (AKFED) will sell its entire stake in NPRT Holdings Africa Limited, the majority shareholder of Nation Media Group (NMG), ending a 66-year partnership with one of East Africa's leading media organizations.On March 10, 2026, AKFED announced it had agreed to transfer its 100%
Albert Maloba Receives HE For SHE of the Year 2026/2027 Award, Aims to Accelerate Gender Equality Movement
In a ceremony marking International Women’s Day, Albert Maloba received the HE For SHE of the Year 2026/2027 award at the Jamhuri Leadership Awards, a recognition he accepted with humility and a pledge to advance the rights and empowerment of women and girls. While addressing the audience, Mr. Maloba highlighted the
MPs Revise Safaricom Share Sale to Protect Jobs
MPs have revised the Safaricom partial divestiture deal, eliminating the risk of employee redundancies at the telecom giant. In a report presented to Parliament on Tuesday, the National Assembly Committees on Finance and Public Debt proposed significant changes that allow the government to reduce its shareholding in Safaricom by 15
Kenya Power Announces Planned Outages on March 11
Kenya Power has scheduled power interruptions on Wednesday, March 11, 2026, across various regions to facilitate essential network maintenance and upgrades, enhancing electricity supply reliability. The company encourages affected customers to prepare in advance and arrange alternatives.In Nairobi, Parklands will experience outages from 9:00 AM to 1:00 PM, impacting residents
Safaricom Ziidi Investment Platform Wins Global Innovation Award
Safaricom has received global recognition after its Ziidi Money Market Fund platform won a major innovation award during the 2026 Mobile World Congress held in Barcelona. The digital investment platform was honoured with the Best Fintech and Digital Commerce Innovation Award at the prestigious Global Mobile Awards. The award celebrates solutions
Kenya Dissolves 51 Companies, Threatening Jobs
The recent decision by the Kenyan government, through the Registrar of Companies, to dissolve over 50 firms may lead to significant job losses for many citizens. In a gazette notice dated March 6, 2026, Registrar Damaris Lukwo confirmed that 51 companies had been removed from the register under the Companies
Nairobi Expressway Free Access Extended Amid Flooding
MOJA Expressway has announced an extension of its free access period due to ongoing flooding affecting several Nairobi roads.In a statement released today, the company confirmed that motorists can now use the Nairobi Expressway at no cost until 6:00 a.m. on Saturday, March 7, 2026. This extension aims to assist
BAT Kenya Announces New Managing and Finance Directors
British American Tobacco Kenya (BAT Kenya) announced the planned departure of Managing Director Crispin Achola and Finance Director Philemon Kipkemoi as part of an executive transition. Sidney Wafula will step into the role of Managing Director, while Catherine Chepkong’a will become the new Finance Director. Achola's tenure will conclude on