SBM Bank has launched the SBM Rewards program via its Mfukoni app, allowing customers to earn redeemable points on everyday card spending.

• Customers earn points for every purchase made with their SBM cards, redeemable for various services and products.
• Key redemption options include airline tickets, hotel stays, restaurant vouchers, e-gift vouchers, and direct cashback.
• The program is accessible through the Mfukoni app, offering customers control over tracking and redemption.

SBM Bank Kenya has launched its Platinum Saver Account, offering high interest rates to help customers grow their savings efficiently.

• Earn an unbeatable 8.5% interest per annum on balances of Kes 100,000 and above (effective February 2026).
• The account also offers competitive interest rates for USD (4%), GBP (3.5%), and Euro (3%) currency options.
• Key benefits include compounding interest, financial flexibility with limited withdrawals, and accessibility through digital platforms, making it ideal for individuals and groups like Chamas.

The Kenya Bankers Association (KBA) is advocating for a uniform Pay As You Earn (PAYE) tax cut across all income brackets, arguing that targeted relief for low-income earners will have a limited economic impact.

• KBA proposes a uniform 5 percent PAYE reduction across all income bands, capped at 30 percent for top earners.
• Key figures involved include National Treasury Cabinet Secretary John Mbadi and KBA Chief Executive Officer Raimond Molenje.
• The association estimates their proposal could inject Sh28 billion annually into the economy and stimulate up to Sh210 billion in economic activity.

Airtel Kenya has opened four new customer care centres in Nairobi to address the increasing demand for mobile connectivity, digital, and financial services.

• The new centres are strategically located at Development House, Freedom Heights, Magunas Superstores, and Garden City Mall.
• Airtel Kenya, led by Managing Director Ashish Malhotra, aims to improve customer access and service delivery.
• These expansion efforts are driven by rising smartphone adoption and a growing reliance on digital payments in Kenya.