Home Blog Page 24

Brian Kimathi: Businessman builds app that gives Kenyans access to US stocks and ETFs

For years, names such as Apple, Tesla, Amazon, and Microsoft have been familiar to Kenyans through the products and services they use every day, but owning a stake in these global companies has often felt like a privilege reserved for wealthy investors or financial experts.

This is because investing in US companies from Kenya has traditionally involved navigating unfamiliar markets and financial intermediaries despite the country’s strong digital financial ecosystem.

These processes have felt daunting for many average retail investors who, in turn, shy away from investing directly in global markets.

It was this gap that Brian Kimathi set out to address when he began building PandaPanda in 2025.

Kenyan investors to trade global markets as Satrix lists MSCI World Feeder ETF on the NSE

The idea was to create a mobile-first investment platform through which Kenyans could access global markets without having to navigate the complexity traditionally associated with international investing.

Kimathi says the objective was to build a platform that could help a new generation participate in global wealth creation while improving their understanding of investing.

“We began building PandaPanda in 2025 with the ambition of making global investing accessible to everyday Kenyans. At the time, accessing U.S. markets could be complicated, expensive and unfamiliar for the average retail investor. We wanted to build a mobile-first experience that made the journey much simpler,” he says.

The platform was officially launched in March 2026 and currently has 8,000 verified customers.

How PandaPanda works

PandaPanda operates through a fully digital customer journey. A user downloads the app, creates an account, and completes identity verification and Know Your Customer checks, all via mobile phone.

Once approved, the customer can fund the investment account using local payment infrastructure and access US-listed stocks and exchange-traded funds (ETFs).

The user can search for companies, review available market information and determine how much they want to invest before placing an order through the app.

The technology interface is provided by PandaPanda, while the investment infrastructure involves regulated partners.

Empire FX Trade Limited, referred to as EFX in the company’s material, is the Kenyan broker responsible for the relevant regulatory and client relationship framework, while Alpaca provides US execution, clearing and custody infrastructure.

You’ll struggle with bills in U.S if you earn less than Sh600,000 monthly

Investing from as little as Sh130

One of the features aimed at lowering the entry barrier is fractional investing. A customer does not necessarily have to buy a whole share of a company. Instead, they can invest a smaller amount and obtain fractional exposure to a share.

Additionally, the platform offers commission-free investing, with investments starting from Sh130 ($1), while the minimum deposit is Sh1,000.

“Our broader philosophy is that investing should not require someone to wait until they are wealthy. The platform is designed to allow people to start with what they can afford and build from there. That is also why our proposition focuses on commission-free investing and transparent FX pricing rather than adding layers of complexity to the customer,” Mr. Kimathi says.

Brian Kimathi: Businessman builds app that gives Kenyans access to US stocks and ETFs
Brian Kimathi, the founder of PandaPanda, an investment app allowing Kenyan retail investors invest in US stock. Photo/HANDOUT

What can investors buy?

PandaPanda gives users access to US-listed stocks and ETFs. According to Kimathi, the platform’s user base has shown interest in well-known US companies including Apple, Tesla, Amazon and Microsoft.

Kimathi says the platform is seeing stronger interest in long-term investing than short-term trading, with diversification and financial security emerging as key motivations among customers.

“Customers are looking beyond traditional savings and local investment products and want exposure to global companies and dollar-denominated assets.”

Beyond investment, financial education is another part of PandaPanda’s proposition. The platform has incorporated educational content into the investment experience to help users, especially first-time investors, understand what they are buying.

The material covers issues such as diversification, market volatility, investment risk, the difference between investing and speculation and the importance of taking a long-term approach.

“Our research and product strategy have particularly focused on the 18 to 40 demographic. One of the biggest things we have learned is that the desire to invest is often there, but confidence is missing. People want to understand what they are doing before they put their money into the market,” Mr. Kimathi adds.

Exploring Co-op Bank’s YEA account: What makes it a tick?

Safeguarding customers

For a digital investment platform, regulation and custody are key considerations for customers.

PandaPanda operates as the technology platform and customer interface, while Empire FX Trade Limited is identified as the Kenyan broker of record and is responsible for relevant regulatory, KYC, anti-money laundering and client oversight obligations.

For US securities, Alpaca Securities LLC provides execution, clearing and custody.

The company’s customer agreement provides for securities to be held in custody through Alpaca in the customer’s name, with Securities Investor Protection Corporation (SIPC) protection subject to applicable limits.

Customers are also required to complete identity verification and appropriateness checks before their trading accounts are activated.

The platform has also been designed around the way Kenyans already move money digitally. PandaPanda accepts local payment services such as M-Pesa, which has made transactions seamless, encouraging adoption of digital investments.

The platform currently boasts 8,000 verified customers.

“Our focus now is on converting that growing verified customer base into active, funded investors and building repeat investment behaviour. The metrics we care most about are therefore verified customers, funded accounts, first investments, repeat investments, assets under management and customer retention.“ Mr. Kimathi adds.

The Role of Institutional Investments in Shaping Bitcoin’s Market Value

The lawyer behind PandaPanda Platform

PandaPanda is a brainchild of Brian Kimathi whose route into fintech was not conventional. A lawyer by training, Mr. Kimathi spent years working as a compliance lawyer in London and the United Arab Emirates, where his work centred on financial services, regulation and risk.

That experience exposed him to the machinery behind financial products and the complexity that can sit beneath seemingly simple customer experiences.

His compliance background made him particularly focused on questions around risk, regulation and customer protection.

His international career also gave him a view of financial services across different markets, while his Kenyan roots kept him focused on the challenges facing local consumers.

Over time, he moved from advising businesses to wanting to build a solution of his own. One question became central to the idea that eventually became PandaPanda: why should a person’s location determine which companies they can invest in?

The answer was the platform he began building in 2025.

“As a lawyer, I was very good at spotting problems and advising others. So the time came when I wanted to solve my own problems and build a solution,” he says.

“Seeing someone make their first investment through something you built is special! I mean someone downloading the app and putting their own money in to invest confirms to me they see what I saw,” he adds.

The transition from lawyer to founder has, however, coincided with one of the most difficult periods of his personal life.

Also Read: How Bidco’s Vimal Shah lost over Sh100 million in forex deal

In March 2026, the same month PandaPanda officially launched, Mr. Kimathi suffered a stroke, from which he is still recovering while running the company.

The experience has altered his approach to entrepreneurship. He compares the recovery process to building a business, where progress is rarely linear and some days produce more visible gains than others.

“I focus on what I can control. I celebrate progress rather than perfection, stay focused on the bigger picture and keep moving forward,” he says, adding that his family is his major source of support.

Looking ahead, Mr. Kimathi believes the next generation of Kenyan investors will increasingly demand access to international assets, low entry costs, transparent pricing and simpler financial education.

His ambition is for PandaPanda to make investing a routine financial habit rather than an activity perceived as the preserve of wealthy investors or financial professionals.

“I want PandaPanda to be recognised as one of Africa’s leading retail investment platforms, starting from the foundation we are building in Kenya. We want to make it normal for someone to invest regularly, diversify across markets and build wealth over many years, regardless of whether they start with a large amount of capital or a small amount,” he says.

He advises young Kenyans wishing to venture into entrepreneurship to start with what they have and scale over time.

“Do not wait until you have everything you think you need. Start with what you have. Capital, connections, and experience are valuable, but they can also be built along the way. What you cannot manufacture is genuine belief in the problem you are trying to solve.”

Entrepreneur behind Wakalucy Fish Palace dies

0

Renowned Nairobi entrepreneur Monica Waithera Chege, popularly known as Wakalucy, has died following a long illness.

Chege, the founder of the popular Restaurant Chain Wakalucy Fish Palace, died at 46 after a long battle with cancer.

Friends and customers shared the news of her death on Wednesday, September 16, 2026, on social media, with many expressing sadness at the loss of the entrepreneur who had become a familiar name among fish lovers in Nairobi.

“Monica Waithera Chege, the entrepreneur behind Wakalucy Fish Palace, has died after a long battle with cancer,” Lilian Millen said in a message announcing her death.

Chege was a single mother of three children — two daughters and a son — who were closely involved in the family business. Her children worked alongside their mother in running the various Wakalucy Fish Palace outlets as the enterprise expanded across Nairobi and its environs.

Wakalucy Fish Palace grew into a popular destination for customers seeking freshly prepared fish meals at relatively affordable prices.

The business established a strong presence in Nairobi’s entertainment and nightlife scene, with several of its outlets located within or near popular nightclubs and entertainment spots.

The first Wakalucy Fish Palace outlet was established at Car Wash Pub along Kasarani-Mwiki Road. The business later expanded to other locations, including Mirema Drive, the Eastern Bypass, the Northern Bypass, Ruiru and Juja.

Through the years, the Wakalucy name became associated with fish dishes that attract a wide range of customers, helping the business establish a loyal following.

Her death marks the loss of an entrepreneur who built her business from the ground up and turned her passion for fish cuisine into a growing restaurant enterprise.

As news of her passing spread, friends, customers and other Kenyans paid tribute to Chege, remembering her contribution to Nairobi’s vibrant food and entertainment scene.

“Always humble, soft-spoken, warm, friendly and deeply respectful to her customers,’’ Paul Neko described her.

Her children, who were actively involved in the running of the business, are now expected to carry on the family enterprise following the death of their mother.

Also Read: Bidco’s Vimal Shah on losing over Sh100 million in forex deal

Bidco’s Vimal Shah: How I lost over Sh100 million in forex deal

0
Bidco Africa chief executive officer Vimal Shah lost over Sh100 million in a forex deal gone bad. The businessman made this revelation when he testified against his former long-time friend and businessman Nicholas Nesbitt at a Nairobi court.
He became the latest victim in what has become a common trend of Kenyans losing money in forex deals.

According to Mr Shah, he was introduced to this deal by Nik Nesbitt who had promised him easy access to US currency at a time when Kenya appeared to have a shortage of the currency.

According to Vimal Shah, the forex deal with Nik Nesbitt took place in the first half of 2023. Before he lost the huge amount of money, Shah had apparently undertaken similar deals in the months of March and April 2023.

However, it was the deal he did with Nesbitt in May of that year that went sour. Mr Shah told the court that in the deal, he was to part with Kenyan currency and receive the equivalent amount in US currency the next day.

“He [Nik Nesbitt] visited my home and said the source was reliable. We buy foreign currencies from banks regularly because we import raw materials,” he told the court.

Nik then allegedly introduced Shah to a British-Turkish businessman who was identified as Mehemet Bulent Boytorum. This businessman was the co-director of Bee N Bee Limited which was a business that back then was registered in London, United Kingdom.

Mehemet is currently in hiding. He disappeared in 2025 after his release from police custody on bail.

SEE MORE: How I fell from millionaire making Sh. 1mn monthly to hawking in Thika 

After the introduction, Mr Shah transferred an amount totaling Sh102,437,500 to Bee N Bee (K) Ltd’s account at Standard Chartered Bank on May 24, 2023. In return, he expected a transfer of USD745,000 after the parties in the deal agreed to an exchange rate of Sh137.50 to the US dollar the next day.

“If you give the shillings today, your dollars are in tomorrow. And it’s all legitimate,” Shah narrated the assurances he was given.

Shah told the court that when he made the transfer, Nik assured him that the deal was legitimate and that the equivalent US currency amount would be transferred to him without delay. He also told the court that Nik had presented the British-Turkish individual as an expert in cryptocurrency transactions who could facilitate foreign currency conversions through stablecoins and other digital assets.

Apparently, this businessman was also behind a business known as BNX Partners which conducted similar deals.

“I trusted him. He is the one who introduced Mr Bulent to me. He is the one who brought him to me. He also referred me to their bankers, which I confirmed they had been transacting with, and I believed him,” Shah told the court.The parties

This forex deal was then formalized through a Trade Finance Agreement dated May 23, 2023. To Mr Shah’s shock, the promised dollars were never delivered.

Instead, Nik and the British-Turkish entrepreneur started to avoid him when he became persistent in trying to recover his money.

Mombasa County opens 3,000 casual jobs for youth: How to apply

0

Mombasa County has opened applications for 3,000 temporary jobs targeting youth, women and persons with disabilities as part of efforts to tackle flooding and improve environmental management across the county.

The Mombasa County Public Service Board announced the vacancies in a public notice issued on Tuesday, September 15, under the Mombasa Yangu Program.

“The Mombasa County Public Service Board invites applications from suitably qualified and competent youth, women and persons with disabilities for engagement as casual workers on a temporary basis under the County Flood Prevention, Drainage Restoration and Environmental Rapid Response Programme, implemented through the Mombasa Yangu Programme in the County Government of Mombasa,” the notice read.

The initiative is designed to support activities such as clearing and restoring drainage systems, improving environmental cleanliness and strengthening measures to reduce the impact of flooding in various parts of the county.

Of the available positions, 1,500 will fall under the transport department, while another 1,500 will be managed by the environment department.

Those recruited will serve for three months on a temporary basis. The county said deployment will be carried out in phases, depending on operational needs.

The Public Service Board is seeking applicants who meet the requirements and have the necessary skills for the available assignments.

The recruitment is part of the county’s broader efforts to strengthen flood mitigation and environmental conservation.

How to Apply

Applicants interested in the opportunities are required to submit their applications through the Mombasa County Public Service Board recruitment portal.

The application should include a curriculum vitae, certified copies of academic and professional certificates, a copy of a national identity card or passport, and other relevant supporting documents.

The application deadline is September 22, 2026.

The county has stated that only candidates who are shortlisted will be contacted. Those selected for further consideration will be required to produce their original identification and academic documents during the verification process.

Also Read: PSC announces 1,000 paid internship opportunities

Inside Kenya’s banking sector: Is strong H1 performance sustainable?

0
Kenya’s banking sector delivered a broad earnings recovery in H1 2026, supported by a more favourable monetary environment than a year earlier. However, the recovery was uneven, with performance reflecting differences in lending growth, funding costs, non-interest income, asset quality and regional diversification.

Banks that deployed their balance sheets more aggressively and diversified income beyond lending captured more of the upside, while more conservative, liquidity-heavy institutions saw earnings growth stall or reverse.

The improvement came as the Central Bank Rate (CBR) fell to 8.75 per cent in February 2026 from 9 per cent and remained unchanged through June and August. This continued the monetary-easing cycle that began in 2024, with the effects increasingly visible in bank earnings.

Among the major listed banks, Equity reported Sh43.8 billion in profit, up 31.5 per cent; KCB reported Sh36.1 billion, up 14.5 per cent; Co-operative Bank Sh18 billion, up 28 per cent; NCBA Sh12.4 billion, up 12.2 per cent; I&M Sh9.3 billion, up 20 per cent; and DTB Sh6.4 billion, up 34.1 per cent. Stanbic grew profit by 1 per cent, while Absa and Standard Chartered recorded declines of 9.8 per cent and 16.8 per cent, respectively.

Equity was particularly notable. Its 31.5 per cent earnings growth came from an already large base, with regional profit before tax growing 42 per cent to Sh26.2 billion, compared with 35 per cent growth in Kenya to Sh29.4 billion.

At sector level, profit before tax increased from Sh83.5 billion in Q1 to Sh88.9 billion in Q2, while return on equity rose from 23 per cent to 24.1 per cent.

The question, however, is whether this recovery can continue.

Co-op Bank unveils revamped mobile banking app with enhanced features

The economy is recovering, but inflation is re-emerging

The broader economy entered H1 on a firmer footing. Real GDP grew 5.3 per cent in Q1 2026, up from 4.9 per cent a year earlier, with financial and insurance activity growing 6.3 per cent, manufacturing 4.4 per cent, construction 6.6 percent and agriculture 4.9 per cent.

Financial conditions also eased. The CBR stood at 8.75 per cent, Kenya Shilling Overnight Interbank Average (KESONIA) was around 8.75 per cent, and the 91-day Treasury bill yield was approximately 8.77 per cent. Lending rates declined to 14.39 per cent in July, while the average deposit rate stood at 6.93 per cent.

Lower borrowing costs should support credit demand, investment and economic activity, creating a more favourable environment for banks as loan growth recovers.

However, inflation has become a more important constraint. Headline inflation rose from 4.5 per cent in August 2025 to 6.6 per cent in August 2026, with food inflation at 9 per cent and transport inflation at 15.7 per cent.

Producer inflation remained relatively contained at 1.43 per cent in June 2026, although the Producer Price Index increased 4.47 per cent quarter-on-quarter. This suggests that the pressure is currently being felt more strongly by consumers through food and transport costs than through a broad-based producer-price shock.

See More: Equity Group net profit rises 32pc to Sh45.5 billion in six months

The Purchasing Managers Index (PMI) also points to a more complicated recovery. After rising above the 50-point expansion threshold to 51.3 in July, it fell to 49.7 in August. Firms cited inflation, liquidity constraints and material shortages, while input purchases declined for a fourth consecutive month.

This creates a more difficult backdrop for monetary policy. The H1 earnings recovery benefited from lower rates, but inflation may limit how much further easing can continue. This is important for banks because the H1 earnings improvement was supported by the easing cycle. If rates remain accommodative, the benefits could continue to pull through into H2; if inflation constrains further easing or deteriorates until a hiking cycle is reinstated, the earnings recovery will have to rely more heavily on actual credit growth, efficiency and diversified income.

H1 recovery or H1 pull-forward?

Three forces now matter most for H2.

First, monetary conditions have eased. Lower rates have reduced borrowing costs and improved the environment for private-sector credit.

Second, economic growth has strengthened, giving businesses and consumers more room to borrow, invest and spend.

Third, markets have already begun pricing in the recovery. The NSE has rallied strongly, with Safaricom up 33 per cent year-to-date as of September 4, Equity up 57 percent and KCB up 49 per cent. At the same time, foreign investors sold Sh4.55 billion of equities in August, while local institutional investors increased their equity exposure.

How Should Businesses Handle Employee Injuries?

0

An accident in the workplace can seriously disrupt day-to-day operations and can leave employees injured and unable to work. What should you do as an employer when one of your staff members gets hurt on the job? Here is a short guide to the best way to handle these kinds of situations, but keep in mind that we can only give you general guidelines. The best practice in specific cases may vary slightly.

Make Sure the Area Is Safe

Your first priority when there is a workplace accident is to ensure that no one else is injured. You also want to keep the injured person from being injured any further. In order to accomplish these goals, you should secure the area where the injury occurred so that no one is any further danger.

Whatever caused the accident needs to be put to a stop. That could mean turning off a machine that has led to an accident. It could mean separating coworkers that have had a fight. Whatever needs to be done to make the area safe should be done fast. This allows you to deal with the immediate problem of the injury, but until the area has been properly secured, there is always a risk that the situation will become worse. You don’t want things to get out of control, so start with this step.

Treat the Injury with Medical Care

The next thing to do is to treat the injured person. Examine their injury and determine if you can treat it with the first aid supplies that your business has on hand or if you need to call for emergency medical services. This assessment needs to be made first, preferably by the most qualified individual. Just because you are a manager, that does not make you the best person to make the call as to whether someone should call for an ambulance.

Anyone with medical training on staff should be brought to the scene of the accident to make an assessment. They can determine if there is a need for the injured person to be rushed to the hospital or if they are fine to continue working or just go home and rest.

One thing that you should keep in mind about workplace accidents is that they can often seem less severe than they actually are. Your employee could be badly injured and not show it. This is possible after a fall where the visible injuries would be minor, but the internal injuries could be tremendous. This consideration needs to be made, and that is why we recommend bringing someone to the scene who has at least some level of medical knowledge. If you are in doubt, and you don’t know if the injury is worth having a doctor look at, then it is best to play it safe and take the injured person for expert medical care.

Document the Accident

When accidents occur at work, it is important to have them well documented. You need to take down all information that could prove relevant later on for a claims report or for any kind of investigation into the incident. This means you need to detail what happened. Don’t skimp on all the details either, since the full story should be documented so that other people can look at it and get the entire picture.

One Emergency Away: The fragile reality of Small Businesses

You should also write down who was involved and who witnessed the accident. Get reports from witnesses as well, if possible, because investigators may want to follow up with them at a later date. If you have statements from them, then that can help to make the investigation process go easier. If you have proper documentation for the accident, then everything that follows will move along smoother. There will be fewer roadblocks to a just resolution, and you will make everyone else’s jobs easier down the line.

Many businesses have accident forms that they simply fill out, with all suggested information provided. This guides you through the report process, but don’t stick to just the form if you feel that it is inadequate. If there will be some info left out after the form is filled, then write out those details separately and then attach them to the accident form.

File Workers Compensation Claims

If there is a chance that the injured person will be due some compensation following the accident, then the employer should fill out a compensation form as quickly as possible. This is the logical next step when an accident could easily be considered the fault of the business due to working conditions, equipment, or poor management.

The compensation claim is a vital part of the process, because once the employee knows that it has been filed, they can rest easy. They understand that they are being taken care of, and they can feel assured that their employer cares about them.

A claim should be filled out for everyone who is injured, and they should each get their own claim forms. Copies may need to be passed on to the worker or to their lawyer. Be sure to make those forms available in case they are needed. These forms should be filled out fully and honestly, and they should be filled by the employer in most cases.

Consider Legal Counsel

Finally, the business owners should seek legal counsel after an accident, if they believe that the incident could turn into a court case. They should seek out the top rated advisors to determine what their next step is. Whether they were negligent or not in the matter, they may need legal resignation to help them present their case well.

Taking this step will protect the business and will help inform them of what kind of options they have available to them. If they do not have a lawyer they use regularly, then finding a reliable one is crucial. They should read reviews and do some research before settling on a choice.

 

The most fascinating rebuilds in the history of NBA

0

Rebuilding an NBA team is usually a long, painful process. What is not painful is to bet Kenya with 1xbet.co.ke/en, where the NBA and other great basketball competitions are available.

Drafting young players, developing them and waiting for them to mature can take years. Yet some franchises have transformed themselves so dramatically that their rebuilds have become defining moments in league history. NBA fans can bet with 1xBet Kenya on teams that make history too.

Drafting 3 future MVPs

One of the most fascinating examples is the Oklahoma City Thunder. Beginning in Seattle, general manager Sam Presti built an extraordinary young core through the draft. The franchise selected Kevin Durant second overall in 2007, Russell Westbrook fourth in 2008 and James Harden third in 2009. With the 1xBet iOS platform, punters can bet on all NBA squads too.

Remarkably, all three eventually became MVPs. The young Thunder reached the 2012 NBA Finals, although they ultimately failed to win a championship together. Their story remains one of the greatest examples of how brilliant drafting can create a contender almost from scratch. Feel free to try 1xBet from your iOS devices, where bets on the NBA finals are also very easy to make.

Single Bets vs Parlays: Which Is Better?

Other interesting cases

The 2007 Boston Celtics represent a completely different kind of rebuild. After finishing 24-58, Boston dramatically changed direction by acquiring Ray Allen and then Kevin Garnett to join Paul Pierce. The result was spectacular: the Celtics improved to 66-16, a 42-game improvement, and won the 2008 championship. Rather than patiently developing prospects, Boston rebuilt through blockbuster trades and veteran leadership, producing one of the fastest turnarounds in NBA history. A live bet on 1xbet.co.ke/en/live can also be made on all matches played by the Celtics.

Finally, the Golden State Warriors demonstrated how a rebuild can survive setbacks and eventually produce another championship era. There were 3 legendary players drafted by the team between 2009 and 2012, which were:

  • Stephen Curry;
  • Klay Thompson;
  • and Draymond Green.

They formed the foundation of a dynasty that won 4 championships in 8 years. After injuries devastated the team following the 2019 Finals, the Warriors endured lottery and play-in seasons before returning to the top and winning the 2022 championship. It can also be quite exciting to make a live bet at 1xBet on the NBA finals too.

Disclaimer:

  • BCLB №: 0000348
  • 18+
  • T@C apply
  • Play responsibly

Equity Group leads Kenyan banks in forbes’ Top Performing Banks 2026 Ranking

0

Equity Group has emerged as the highest-ranked Kenyan lender in Forbes’ inaugural World’s Top Performing Banks 2026 ranking, placing 71st globally among 500 banks recognised across 89 countries.

The recognition places Equity ahead of its Kenyan peers in a global ranking that assessed banks across four weighted dimensions: profitability at 30%, growth and earnings quality at 20%, capital and funding resilience at 25%, and asset quality and efficiency at 25%.

The ranking, developed by Forbes in partnership with market research firm Statista, marks a shift from customer-perception-led bank rankings to a performance-based assessment using objective financial data. Forbes said the ranking was based on data obtained through leading providers, including S&P Capital IQ, desk research and submissions from banks via Forbes.com.

Equity Group was ranked in Tier Five, which covers lower mid-sized banks with total assets between USD 10 billion and USD 20 billion. Other Kenyan banks listed included KCB Group, which ranked 79th in Tier Five, Co-operative Bank at 120th in Tier Six, and Stanbic Holdings at 138th in Tier Six.

Equity’s ranking comes on the back of a strong half-year performance in 2026, with the Group reporting a 32% year-on-year increase in Profit After Tax to KSh45.5 billion, from KSh34.6 billion, while Profit Before Tax rose 39% to KSh57.8 billion. Total income grew 25% to KSh124.9 billion, supported by a 17% increase in net interest income and a 36% rise in non-funded income to KSh55.6 billion.

Equity Bank unveils loan for farmers seeking funds for farm development

Equity also continued to expand its balance sheet, which grew 20% to KSh2.16 trillion, driven by a 21% rise in customer deposits to KSh1.59 trillion. The Group’s asset quality and efficiency also improved during the period. Non-performing loans declined to 9.5% from 13.7%, while NPL coverage improved to 70% from 68%. The cost-to-income ratio improved to 48.6% from 51.7%, reflecting productivity gains, shared services and continued migration of customer activity to digital channels.

The Group’s regional diversification also continues to strengthen its performance profile. Regional subsidiaries now contribute 42% of Group banking profitability, 47% of revenue, 51% of deposits, 54% of loans and 52% of banking assets.

Forbes’ ranking comes at a time when the global banking sector continues to grow. Forbes cited McKinsey & Company data showing that the sector’s net income rose 7% between 2024 and 2025 to USD 1.3 trillion, underlining the scale of the global benchmark in which Equity has been recognised.

The inclusion of four Kenyan lenders in Forbes’ inaugural World’s Top Performing Banks 2026 ranking, points to the growing strength and visibility of Kenya’s banking sector within the global financial landscape. This reinforces the sector’s competitiveness, resilience and ability to meet international performance benchmarks, demonstrating that Kenyan institutions are not only competing locally, but increasingly standing out on the global stage

Laikipia woman earns millions from 600 hives, exports honey to global markets

0

Beekeeping is gaining ground as an alternative livelihood in Kenya’s arid and semi-arid lands (ASALs), where unpredictable rainfall, prolonged droughts and pasture shortages continue to threaten livestock farming.

Unlike livestock, bees require relatively little land and water, while the trees and shrubs common in dry areas provide forage.

In Laikipia North, Rosemary Mosiany has built a thriving honey enterprise from just five beehives.

Her journey into the venture began in a community where livestock was the main source of livelihood and beekeeping was largely viewed as unsuitable for women.

For years, drought had exposed the vulnerability of that model. When pasture disappeared and livestock died, families were left with few options. Rosemary instead looked at the acacia trees that dotted the dry landscape and saw an opportunity.

She began beekeeping in 2018 with five hives and limited knowledge of apiculture. Her entry into beekeeping was supported by the Namelok Women’s Group, a 200-member association that embraced the enterprise as part of efforts to cope with climate change.

Training provided through the Food and Agriculture Organization (FAO) helped transform the women’s approach to beekeeping. Members were taught improved honey harvesting, processing, value addition and marketing techniques. They also received 40 modern beehives.

After seeing the Potential, Rosemary, with the support of her husband Piranto Ole Mosiany, continued to expand her enterprise and by 2022 she had 80 hives. Today, she manages 618 hives spread across Ilmotiok, Loshaiki, Musul, Soit Oitashe and Karrum villages in Laikipia County.

Her apiaries produce between eight and 12 kilogrammes of honey per hive during a harvest, with three harvests possible in a good year.

According to her, previously, raw honey fetched about Sh300 to Sh350 per kilogramme. With better processing, branding and knowledge of different honey varieties, Rosemary now sells a kilogramme for Sh1,500 and half a kilo for Sh750.

During peak season, she earns more than Sh2 million in a season and supplies markets beyond Kenya, including the United States, Türkiye and the United Arab Emirates.

Her business has since expanded beyond honey production.

Rosemary runs a shop in Nanyuki, where she sells honey and related products. On a good month, the business generates between Sh80,000 and Sh100,000. She also makes beekeeping equipment and markets beeswax and propolis.

She has increasingly turned her experience into a source of knowledge for other women, training groups interested in apiculture and encouraging them to view beekeeping as a viable business.

Digital marketing has also widened her reach, while certification and procurement training under UN Women programmes has strengthened her ability to pursue institutional and government markets.

She views beekeeping as part of environmental conservation. Rather than cutting acacia trees for charcoal, she argues that the same trees can support multiple beehives and generate income.

“I have been able to buy one acre of land where I intend to build to build my home and put up a modern workshop for making beekeeping equipment and a honey refinery. Proceeds from the business have also helped me take care of my family, including paying school fees,’’ she says as quoted by Nation.

Looking ahead, Rosemary plans to increase her apiaries to 3,000 hives, building on a business whose demand already frequently outstrips supply.

Also Read: Nyeri farmer turns rejected avocado into oil selling at Sh800 a bottle

CBK clears Michael Mutiga as new Stanbic Bank Kenya CEO

0

Stanbic Bank Kenya has formally appointed Michael Mutiga as its new chief executive officer after receiving approval from the Central Bank of Kenya (CBK).

The lender announced the appointment on Tuesday, saying Mr. Mutiga will take charge of the bank as it advances its strategic priorities and seeks to deepen relationships with customers.

“We are pleased to announce the appointment of Michael Mutiga as Chief Executive, Stanbic Bank Kenya, following approval from the Central Bank of Kenya,” the bank said in a statement.

Mr. Mutiga brings more than two decades of experience spanning banking, telecommunications and digital financial services, with a career focused on strategy, business growth and transformation.

Stanbic Bank said his diverse experience would strengthen its leadership as the lender works to deliver sustainable value to customers and other stakeholders.

“We look forward to his leadership as we continue creating long-term value for our clients, people and stakeholders,” the bank said.

The appointment marks Mr. Mutiga’s return to mainstream banking after about four years at Safaricom Plc, where he served as Chief Business Development and Strategy Officer.

At Safaricom, he was involved in developing and executing strategy as well as driving business growth initiatives, adding experience in one of the country’s leading telecommunications and digital financial services businesses.

Before joining Safaricom, Mr. Mutiga spent about 15 years at Citibank, where he held senior positions at both local and regional levels. He rose to become Managing Director and Head of Corporate Finance for Sub-Saharan Africa, based in Johannesburg.

Before Citibank, he worked at Barclays, where he served as Regional Coverage Head for Investment Banking in East Africa.

His career in financial services has earned him several industry accolades, including five Corporate Banker of the Year awards, underscoring his track record in the sector.

Mr. Mutiga holds a Master of Laws degree (LLM) from Temple University and a Bachelor of Laws degree (LLB, Honours) from the University of Nairobi.

Also Read: Muhoho Kenyatta shares insights on building a sustainable business