Kenyan Financial Sector Sees Branch Expansion, Fintech Growth, and Proposed Fee Reductions - September 2025

The Central Bank of Kenya (CBK) is proposing to reduce mobile money transaction fees from an average of KES 23 to KES 10 by 2028, as detailed in the National Financial Inclusion Strategy 2025–2028. On the banking front, Diamond Trust Bank (DTB) has opened a new branch in Kilimani, Nairobi, expanding its network to 90 branches in Kenya and 150 in East Africa. In the fintech sector, microlender Tala is expanding to five new countries, betting on new loan technology to achieve profitability by early 2026, despite a decade of unprofitability. The CBK's proposal aims to make financial services more accessible and affordable for Kenyans.