Kenya’s Banking Sector Faces an AI Tipping Point

Kenya's banking sector is at a pivotal moment, poised for a major transformation driven by artificial intelligence (AI). Despite widespread optimism among executives, most banks are unprepared for this shift, creating opportunities for digital-first competitors.

Kenya’s Microfinance Banks: A Decade of Declining Fortunes

Kenya's microfinance bank (MFB) sector has experienced a severe decline over the past decade, marked by collapsing profitability and shrinking balance sheets. Industry data from 2014 to 2024 reveals sustained losses and a significant increase in bad loans, posing serious challenges for the 14 MFBs currently in operation.

Kenya secures U.S. investors and financing to transform farming into a regional breadbasket

UN-backed coding camps are building Kenya’s next generation of female tech leaders

A joint initiative by UN Women, the International Telecommunication Union (ITU), and the African Union Commission (AUC) is empowering young Kenyan women through coding and digital entrepreneurship. The program, African Girls Can Code Initiative (AGCCI), aims to create a direct pipeline of female tech talent into Kenya's growing digital economy.

Equity Bank Bids for Ethiopia’s Banking Sector

Equity Bank Group is actively pursuing expansion into Ethiopia's banking sector, following discussions between its chief executive Dr. James Mwangi and Ethiopian Investment Commission (EIC) Commissioner Dr. Zeleke Temesgen. This move comes as Ethiopia opens its financial sector to foreign investors, attracting major East African lenders.