Absa Bank has partnered with Visa to launch the Absa Business Credit Card, aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) in Kenya and beyond to manage expenses and improve cash flow.

• Flexibility with interest-free credit options of 20 to 50 days.
• John Njoroge, Visa Kenya Country Manager, highlights the card's role in enhancing MSMEs' ability to grow sustainably.
• The card features digital management tools and access to over 40 business providers, aiding in digital transformation.

The Central Depository and Settlement Corporation (CDSC) has successfully immobilized 16 billion shares of Safaricom PLC, enhancing Kenya's shift toward digital securities.

• 40 billion total Safaricom shares now held electronically, increasing total immobilized shares by 66%.
• CDSC CEO Jesse Kagoma highlighted the significance of institutional trust and modernization in capital markets.
• This transition eliminates risks associated with physical certificates, improving liquidity and market efficiency.