KCB Group announced a significant 15.3% increase in its pre-tax profit for the first quarter ended March 2026, reaching Sh24.4 billion. This growth was achieved despite a challenging business environment.

• Key Figure: Pre-tax profit rose to Sh24.4 billion from Sh21.2 billion year-on-year.
• Organization: KCB Group, led by CEO Paul Russo and Chairman Joseph Kinyua.
• Context: Profit growth was driven by higher operating income and strong subsidiary performance, with total operating income up 8.5% to Sh53.6 billion.

Global digital asset infrastructure network Checker has secured $8 million (Sh1.04 billion) in a funding round led by Al Mada Ventures to expand its stablecoin network in emerging markets.

• Raised $8 million (Sh1.04 billion) to simplify stablecoin liquidity access and cross-border payments.
• Led by Al Mada Ventures, with participation from Galaxy Ventures and Framework Ventures.
• Will support expansion across Africa, Latin America, and Asia, addressing costly traditional banking channels.

Schneider Electric has launched a new innovation hub and hands-on training centre in Nairobi, Kenya, to foster energy technology, digitalization, and technical skills development across East Africa.

• The facility will serve as a demonstration centre for smart energy and automation technologies, offering practical training.
• Key organizations involved include Schneider Electric and its East Africa Country President, Ifeanyi Odoh, and Chairman, Jean-Pascal Tricoire.
• The new centre is located on the 10th floor of The Purple Tower along Mombasa Road.