Advertisement KCB Bank Secures KSh12.9 Billion EBRD Facility to Expand SME FinancingNairobi, Kenya KCB Bank Kenya has secured a US$100 million (KSh12.9 billion) financing facility from the European Bank for Reconstruction and Development (EBRD) to expand credit for micro, small and medium enterprises (MSMEs).The facility reinforces KCBs commitment to supporting entrepreneurship, creating jobs and driving sustainable economic growth across Kenya.Under the agreement, 35 per cent of the funding will support women and youth-led enterprises. Additionally, 30 per cent will finance eligible green investments. These funds will help businesses adopt climate-smart technologies and sustainable business practices.Boosting Access to Affordable CreditThe new facility will increase access to affordable financing for MSMEs across Kenya. It also targets businesses that have traditionally faced challenges in accessing credit.Speaking during the signing ceremony, EBRD Managing Director for Sub-Saharan Africa, Dr. Heike Harmgart, described the partnership as a milestone for the institutions work in Kenya.This investment marks our first investment in Kenyas financial sector. By partnering with KCB Bank, we are helping to channel much-needed financing to MSMEs, the engines of job creation and economic growth. We are particularly pleased that this facility will contribute to the transition to a greener economy and will expand opportunities for women and young entrepreneurs, whose success is critical to Kenyas long-term prosperity.Strengthening Green FinanceIn addition to the financing, EBRD will provide technical support to KCB Bank. The programme includes specialised training, advisory services and technical expertise.These initiatives will strengthen KCBs green lending capabilities. They will also enhance the banks ability to finance environmentally sustainable projects.KCB Bank Kenya Managing Director Annastacia Kimtai said the funding will help the bank expand support for small businesses.This facility will strengthen our capacity to extend affordable financing to SMEs, particularly those that have traditionally faced barriers in accessing credit. We remain committed to sustainable finance by increasing investments in renewable energy, climate-smart agriculture and other green projects that contribute to Kenyas climate ambitions while creating long-term economic value.KCB Bank Secures KSh12.9 Billion EBRD Facility to Expand SME FinancingBuilding on a Strong Track RecordThe latest financing builds on KCBs continued support for Kenyas MSME sector.Through its Female-Led & Made Enterprises (FLME) proposition, the bank has disbursed more than KSh156 billion to women entrepreneurs. The programme continues to improve access to finance for women-owned businesses.Moreover, KCB has provided over KSh48.8 billion in green financing. These investments support renewable energy and other environmentally sustainable projects.By the end of March 2026, the bank had also extended KSh13 billion in new credit to micro, small and medium enterprises. This lending demonstrates KCBs continued commitment to supporting business growth.Driving Sustainable Economic GrowthThe new EBRD facility strengthens KCBs ability to finance businesses that create jobs, drive innovation and contribute to Kenyas green transition.Together, the financing and technical support will help more enterprises grow. At the same time, they will promote financial inclusion and sustainable economic development across the country.The post KCB Bank Secures KSh12.9 Billion EBRD Facility to Expand SME Financing appeared first on Africa Business News.

Advertisement How Pochi la Biashara Grew to 2.2 Million UsersSafaricoms Pochi la Biashara has emerged as one of the fastest-growing products within the M-PESA ecosystem, with its user base reaching 2.2 million and surpassing the 1 million merchants currently using Lipa na M-PESA.The milestone was highlighted in Safaricoms latest financial results, underscoring the growing popularity of the wallet designed to help users separate business funds from personal finances.A new report by the Global System for Mobile Communications Association (GSMA) sheds light on how the product achieved this rapid growth. Pochi la Biashara expanded from 600,000 users in 2024 to 1.1 million in 2025 before doubling again to 2.2 million.Understanding Women EntrepreneursThe study surveyed 1,992 women microentrepreneurs using digital financial services across Nairobi, Muranga and Kajiado.Researchers found that while many women were already using Pochi la Biashara, they were not taking advantage of several key features that could improve their businesses.Two features stood out as particularly valuable. Payments received through Pochi cannot be reversed by the sender, and customers making payments cannot see the recipients phone number. These features help reduce fraud and unwanted contact.However, awareness did not always translate into usage.Closing the Knowledge GapThe report found that many users knew about certain features but rarely used them.Although 48 per cent of new users were aware of the mini-statement feature, only 8 per cent had ever used it. Similarly, while 71 per cent knew about the Lipa na Pochi feature, only 53 per cent actively used it. Awareness of the airtime buying and selling feature stood at 34 per cent, yet just 7 per cent had tried it.To address this gap, Safaricom launched targeted text message campaigns explaining specific Pochi features while offering incentives to encourage usage.For example, customers who reached a set usage threshold on Lipa na Pochi received a five per cent cashback reward.How Pochi la Biashara Grew to 2.2 Million UsersBeyond Product LaunchThe study showed that launching a product alone was not enough to sustain customer engagement.According to the report, Safaricoms market spot checks revealed that some users became inactive shortly after signing up because they received little follow-up support or reminders on how to use the service and its benefits.Instead of focusing only on acquiring new customers, Safaricom shifted its strategy towards helping existing users better understand the platform and encouraging them to explore more of its features.Learning by DoingThe report also found that customers were more likely to adopt new features when they received practical demonstrations.Field agents showed traders how to make payments and withdrawals directly through Pochi la Biashara, helping clear misconceptions while building confidence among women entrepreneurs.In addition, Safaricoms call centre contacted users to understand the barriers preventing them from using certain features. Customer service teams then guided them on how to use those services more effectively.Trade representatives also provided hands-on support by walking customers through each feature on their phones. This practical onboarding process helped improve understanding while strengthening trust in the platform.The Power of Continuous EngagementThe GSMA report concluded that customers continue using digital financial products when providers maintain regular engagement through education and reminders.The study also found that women were more likely to adopt products recommended by people they trusted.Nearly 49 per cent of new Pochi users first heard about the service from friends or family, while 21 per cent signed up after receiving a recommendation from someone they knew.Meeting Customers Where They AreThe research also highlighted the importance of designing products around customer preferences.Although 70 per cent of the women surveyed owned smartphones, most preferred accessing Pochi la Biashara through USSD rather than the My OneApp or the M-PESA app because it was simpler, more reliable and did not require mobile data.Users nevertheless reported that the USSD journey involved too many steps. In response, Safaricom simplified the process by reducing the number of steps required to access the service.Lessons Behind the GrowthThe report demonstrates that product adoption depends on more than availability. Continuous customer education, follow-up engagement, practical demonstrations and peer recommendations all played a key role in driving the growth of Pochi la Biashara.For Safaricom, the findings continue to shape how it onboards customers, improves safety features, delivers targeted communication and encourages greater use of the platforms capabilities.Thus article was first written by Safaricom NewsroomThe post How Pochi la Biashara Grew to 2.2 Million Users appeared first on Africa Business News.

Advertisement NCBA ConnectPlus Redefines Corporate Digital Banking in KenyaNCBA has strengthened its corporate banking offering with the launch of ConnectPlus, an enhanced transaction banking platform that gives businesses faster, more secure and more efficient ways to manage their finances.The launch marks a major milestone for the lender, making NCBA the first bank in East Africa to deploy a cloud-based corporate banking solution. It also reinforces the Groups commitment to delivering customer-centric digital solutions that support business growth across Kenya and the region.A Smarter Banking Experience for BusinessesConnectPlus is designed to simplify banking for corporates, SMEs and commercial enterprises. The platform allows businesses to process transactions faster while managing payments, collections, liquidity and trade finance through one integrated digital platform.Customers can also monitor multiple accounts, initiate domestic and international payments and access advanced reporting tools that provide greater visibility into their financial operations. As a result, businesses can improve efficiency while making faster and more informed decisions.Faster Transactions with Stronger SecurityAs more organizations embrace digital banking, speed and security have become essential. ConnectPlus responds by delivering significantly faster transaction processing, allowing businesses to respond quickly to changing market demands.At the same time, NCBA has strengthened the platform with advanced security protocols that safeguard customer data and financial transactions. The intuitive interface also makes digital banking easier to navigate, regardless of a users technical expertise.The launch aligns with NCBAs ambition to become the preferred transaction banking partner for corporates and SMEs. It also supports the Governments Kenya Digital Economy Initiative under Vision 2030 by expanding access to modern digital financial services.Through ConnectPlus, businesses can access a complete transaction banking solution that supports both local and international operations while remaining competitively priced.NCBA ConnectPlus Redefines Corporate Digital Banking in KenyaBuilt for the FutureConnectPlus is powered by a cloud-native architecture built on microservices and open banking APIs. This modern infrastructure allows NCBA to introduce new products faster while adapting quickly to changing customer needs.The platform combines account services, payments, collections, liquidity management, trade finance and host-to-host integration within one digital ecosystem. Consequently, businesses enjoy a seamless banking experience while improving operational efficiency.In addition, the flexible technology enables NCBA to roll out new cash management products more quickly, helping customers benefit from innovation as market demands continue to evolve.Driving Business Growth Through InnovationFor businesses, digital banking is no longer just about making payments. It is about gaining greater visibility, improving cash flow management and integrating banking with everyday operations.ConnectPlus delivers that capability by combining speed, security and flexibility on one platform. Businesses can manage complex financial processes more efficiently while maintaining stronger governance through enhanced digital controls.With the introduction of ConnectPlus, NCBA is reinforcing its leadership in corporate digital banking while helping businesses embrace digital transformation. As Kenyas economy continues to evolve, the platform positions the bank to support enterprises with innovative financial solutions that drive productivity, competitiveness and long-term growth.More about ConnectPlus is hereThe post NCBA ConnectPlus Redefines Corporate Digital Banking in Kenya appeared first on Africa Business News.

Advertisement NCBA Launches Next-Generation Digital Banking Platforms Across East AfricaKampala, Uganda NCBA Bank has unveiled NCBA NOW, its next-generation retail banking platform, and NCBA ConnectPlus, a new corporate internet banking solution. The launch marks a major milestone in the Groups digital banking strategy across East Africa.The platforms launched simultaneously in Uganda, Rwanda and Tanzania. They reflect NCBAs continued investment in technology that makes banking faster, simpler and more accessible for individuals and businesses.A New Era of Digital BankingSpeaking during the launch at Four Points by Sheraton Kampala, NCBA Bank Uganda Chief Executive Officer Mark Muyobo said the new platforms respond directly to changing customer expectations.At NCBA, we believe banking should never be a barrier to ambition; it should enable it. NCBA NOW and NCBA ConnectPlus were developed by listening to our customers and reimagining the digital banking experience around how they live, work and do business. This is another important milestone in our journey to becoming Ugandas leading digital-first bank, he said.Meanwhile, Board Chairperson Grace Jethro Kavuma said the investment demonstrates NCBAs long-term commitment to innovation, security and customer trust.The launch of NCBA NOW and NCBA ConnectPlus reflects our commitment to investing in technology that strengthens customer experience while maintaining the highest standards of governance, security and trust. We believe digital banking should expand access to financial services, empower businesses and individuals, and contribute meaningfully to Ugandas economic growth, she said.Smarter Banking for IndividualsNCBA NOW gives retail customers a modern mobile banking experience. Users can manage accounts, transfer funds and make payments through one platform.The app also allows customers to buy airtime, monitor transactions, manage payment cards and access a growing range of digital financial services.As a result, customers can bank anytime and from anywhere using a secure and user-friendly platform.NCBA Launches Next-Generation Digital Banking Platforms Across East AfricaHelping Businesses Operate More EfficientlyNCBA ConnectPlus targets corporates, SMEs and institutions. The platform helps businesses manage multiple accounts while simplifying day-to-day financial operations.Customers can process local and international payments, run payroll, pay suppliers and monitor liquidity in real time.In addition, the platform offers financial reporting tools, role-based user access and configurable approval workflows. These features strengthen governance while improving operational efficiency.The Bank of Uganda welcomed the launch and highlighted the role digital banking plays in expanding financial inclusion.Dr Tumubweinee Twinemanzi, Executive Director for National Payment Systems, said secure digital platforms help improve payment efficiency and strengthen the countrys financial sector.Platforms such as NCBA NOW and NCBA ConnectPlus enhance financial inclusion, improve payment efficiency and contribute to a more resilient and competitive financial sector. Innovation and regulation must continue to work together to build trust and expand access to digital financial services, he said.Building on a Strong Digital FoundationThe launch builds on NCBA Groups leadership in digital financial services across Africa.Today, the Group serves more than 70 million customers through its banking subsidiaries and fintech ecosystem. Its digital platforms include LOOP, MoKash, M-Shwari and Fuliza, developed alongside partners such as Safaricom, MTN and Vodacom.Across Uganda, Rwanda, Tanzania and Cte dIvoire, MoKash, MoMoKash and M-PAWA have reached more than 35 million customers. Together, they have disbursed over USD 2 billion in loans since launch.Meanwhile, Kenyas M-Shwari has served over 30 million customers and disbursed more than USD 6 billion. Fuliza processes over 4 million transactions every day and has advanced more than USD 25 billion in overdraft facilities.Driving Financial Inclusion Across AfricaNCBA says the rollout of NCBA NOW and NCBA ConnectPlus opens the next chapter of its digital transformation journey.The new platforms combine the strength of the Groups regional banking network with its growing fintech ecosystem. Consequently, customers benefit from seamless, secure and integrated banking experiences.As African economies continue to digitize, NCBA says it will keep investing in technology that empowers individuals, supports businesses and accelerates financial inclusion across the continent.The post NCBA Launches Next-Generation Digital Banking Platforms Across East Africa appeared first on Africa Business News.

Advertisement Africas Top Artists Gather for Ethiopia SummitADDIS ABABA, Ethiopia, July 21, 2026 Addis Ababa will host one of Africas biggest international cultural showcases as leading contemporary artists gather for the Unity exhibition during the inaugural World Public Summit Africa on July 2930, 2026.The exhibition serves as the cultural centrepiece of the summit. It features artists from 16 African countries and presents paintings, sculptures, collages, digital art and mixed-media installations. Together, the works highlight the richness, diversity and growing global influence of contemporary African art.Celebrating Africas Creative DiversityArtists from Cameroon, the Democratic Republic of Congo, Ethiopia, Ghana, Kenya, Madagascar, Namibia, Nigeria, Rwanda, Senegal, South Africa, Sudan, Tanzania, Tunisia, Zambia and Zimbabwe will showcase their work. An Afro-Brazilian artist will also participate, reflecting Africas enduring cultural ties with the diaspora.Curators developed the exhibition around the theme Unity. The collection explores shared identity, cultural memory, hope and the future through different artistic perspectives. Instead of presenting a single African story, it celebrates the continents cultural diversity while highlighting the values that unite its people.Summit to Bring Together Global LeadersThe World Public Summit Africa carries the theme A New World: Africa in Shaping a Shared Future.More than 700 government leaders, diplomats, business executives, academics, innovators, civil society representatives and cultural leaders will attend the summit. They will discuss international cooperation, sustainable development and Africas growing role in shaping the future.Featured artists include Nigerias Precious Longret Samuel, whose work examines culture as a living archive of collective memory. Ethiopias Selamawit Gebretsadik explores unity through natural symbolism, while Senegals Khalifa Man reflects on the responsibility of building a shared future for coming generations.Africas Top Artists Gather for Ethiopia SummitArt as a Tool for Public DiplomacyAndrey Belyaninov, Secretary-General of the World Peoples Assembly, said the exhibition highlights the growing role of culture in international dialogue.Art is one of humanitys most universal languages and one of the most effective instruments of public diplomacy. It brings people together where words alone may fail, helping us discover what unites us despite our differences. Holding the World Public Summit in Addis Ababa is a recognition of Africas role as one of the centres shaping a new world.Today, we understand more clearly than ever: the future cannot be built alone. It is born in dialogue, in trust, in the ability to listen to one another and to act together.Tsegaye Chama, General Secretary of the Global Black Center, said the summit represents purposeful collaboration.The Summit will be delivered with exceptional distinction, reflecting the magnitude and spirit of the World Peoples Assembly. It embodies a unity that is not transactional, but purposeful and consciousa unity that shapes new contours for a world that works for all peoples of the world.Research and Lasting ImpactThe summit will also launch an international interdisciplinary study titled The Zambezi River: Economy, Society, Soul. Researchers will examine the rivers socioeconomic impact on Angola, Zimbabwe, Zambia, Namibia, Botswana and Mozambique. The project reflects the summits vision of connecting economic opportunity, social progress and cultural identity.Delegates from across Africa and beyond are expected to attend. Organisers hope the inaugural World Public Summit Africa will create a lasting platform for dialogue, inspire new partnerships and strengthen regional and global cooperation.After the summit ends, organisers will take the Unity exhibition to Moscow. The exhibition will promote cultural exchange, strengthen friendship among nations and introduce African artistic excellence to new audiences.The post Africas Top Artists Gather for Ethiopia Summit appeared first on Africa Business News.

Advertisement Landmark Bird Report to Launch in Nairobi Ahead of Global Flyways SummitNairobi will host the launch of the latest State of the Worlds Birds Report on 11 September 2026. Published every four years by BirdLife International, the report focuses on migratory bird populations. It will also guide global conservation efforts across the worlds major flyways.The report will launch during the Global Flyways Summit. The event will bring together governments, scientists, conservation organisations, Indigenous Peoples, local communities and development partners. Together, they will explore ways to strengthen international cooperation on bird conservation.A Global Health Check for Migratory BirdsMigratory birds travel thousands of kilometres every year. In doing so, they connect ecosystems, communities and economies across continents. As a result, they remain important indicators of environmental health.The report draws on BirdLife Internationals scientific data and global expertise. It assesses population trends, extinction risks and the condition of habitats birds depend on throughout their annual journeys.In addition, the report highlights growing threats to migratory species. These include habitat loss, environmental degradation and increasing pressure on migratory shorebirds. Today, shorebirds rank among the worlds most threatened bird groups.Every wetland, forest and feeding ground along a flyway plays a critical role. If one site disappears, migration becomes more difficult. Consequently, bird populations become more vulnerable.For this reason, the report examines the health of Key Biodiversity Areas and other important habitats across major flyways. It also reinforces the need for countries to work together since migratory birds cross many borders each year.Turning Science into ActionBirdLife International and Nature Kenya will co-host the Global Flyways Summit. During the event, delegates will adopt the Nairobi Flyways Declaration. The declaration will draw directly from the reports findings.Furthermore, it will encourage governments, conservation organizations, financial institutions and development partners to commit to practical policy, conservation and financing actions.Together, the report and declaration aim to transform scientific evidence into measurable conservation outcomes.Landmark Bird Report to Launch in Nairobi Ahead of Global Flyways SummitGlobal Leaders Call for CollaborationBirdLife International Chief Executive Officer Martin Harper said the report offers one of the most comprehensive assessments of migratory birds. He added that it also identifies solutions already delivering positive results.Migratory birds connect countries, continents and cultures through some of the most remarkable journeys in the natural world. This edition of the State of the Worlds Birds will provide an authoritative assessment of how these species are faring and where action is most urgently needed. Just as importantly, it will highlight solutions that are already making a difference.Harper noted that bringing global conservation leaders together in Nairobi creates an opportunity to strengthen international commitments through science-based action.Kenyas Strategic PositionKenya lies along the African-Eurasian Flyway, one of the worlds most important migration routes. The corridor connects Africa, Europe and Asia. Moreover, Kenyas wetlands, lakes and coastline provide essential feeding and resting sites for millions of birds every year.Nature Kenya Executive Director Dr. Paul Matiku said the summit highlights Africas growing leadership in biodiversity conservation.As a country situated along the African-Eurasian Flyway, we see first-hand the importance of international cooperation in conserving migratory species. The Global Flyways Summit provides an opportunity for Africa to help lead a global response informed by science and focused on delivering tangible commitments for birds, biodiversity and people.Meanwhile, senior representatives from the Government of Kenya, international institutions and the global conservation community are expected to attend. Her Imperial Highness Princess Takamado of Japan, Global Ambassador and President of BirdLife International, will also participate alongside other international conservation leaders.Ultimately, the launch positions Nairobi at the centre of global discussions on biodiversity and conservation. It also reinforces Kenyas role in protecting migratory birds and the ecosystems that sustain them.Read more about the summit on hereThe post Landmark Bird Report to Launch in Nairobi Ahead of Global Flyways Summit appeared first on Africa Business News.

Advertisement Samsung Unveils Galaxy Z Fold8 Series in East Africa, Bringing Smarter AISamsung Electronics has launched its latest foldable smartphone lineup in East Africa, introducing the Galaxy Z Fold8 Ultra, Galaxy Z Fold8 and Galaxy Z Flip8.The new Galaxy Z series combines advanced artificial intelligence, improved security features and productivity tools designed for different lifestyles.Samsung has also opened pre-orders across East Africa, giving customers early access to its newest foldable devices.The launch introduces One UI 9, Samsungs latest software experience built around smarter AI features, stronger privacy controls and improved device management.A new era of smarter foldable technologySamsung says the latest Galaxy Z lineup responds to growing consumer demand for more powerful and personaliszed mobile experiences.The devices introduce enhanced security through Samsung Knox Enhanced Encrypted Protection and Knox Vault.These features protect sensitive information by creating secure environments for personal data processing and safeguarding important security keys.The new AI Assistant Activity Dashboard also gives users greater visibility and control over automated AI actions running on their devices.Users can review activity, manage permissions and control how AI features access their information.Samsung has also introduced real-time Privacy Alerts, which notify users when applications attempt to access restricted permissions.Samsung Unveils Galaxy Z Fold8 Series in East Africa, Bringing Smarter AIMaking device switching easierSamsung is improving the transition experience for users moving between smartphone ecosystems.The upgraded Smart Switch feature now enables wireless migration from iOS devices through a simple QR code scan.Users can transfer important information, including saved credentials, call histories, accessibility settings and eSIM profiles.The company has also expanded Quick Share capabilities, allowing smoother file transfers between Galaxy devices and iOS platforms.This aims to make sharing high-resolution photos, videos and documents easier across different operating systems.Built for productivity and multitaskingThe Galaxy Z Fold8 Ultra and Galaxy Z Fold8 are designed for users who need larger screens and stronger multitasking capabilities.Samsung is offering a six-month complimentary subscription to Google AI Pro, which includes 5TB of cloud storage.The service supports users who rely on AI tools, cloud storage and multiple applications for work and creativity.The One UI 9 Warranty and Care Settings Hub also brings device support tools into one location.Users can access diagnostics, remote support, warranty details and Samsung Care+ information from a single menu.Customers who purchase through Samsung.com and subscribe to Samsung Care+ will receive the first three months of damage protection at no cost.Galaxy Z Fold8 series pricing in KenyaSamsung has confirmed pre-orders in Kenya across different storage and memory options.The Galaxy Z Fold8 Ultra starts at KES 271,000 for the 12GB+256GB model. The 12GB+512GB version costs KES 297,100, while the 16GB+1TB variant is priced at KES 349,300.The Galaxy Z Fold8 starts at KES 243,900 for the 12GB+256GB version. The 12GB+512GB model costs KES 270,000, while the 16GB+1TB option is available at KES 322,200.For consumers looking for a compact foldable experience, the Galaxy Z Flip8 starts at KES 159,200 for the 12GB+256GB model. The 12GB+512GB version is priced at KES 185,300.Designed for different lifestylesThe Galaxy Z series comes in several colour options, including Graphite and Cream.Samsung is also offering exclusive colours such as Violet Shadow, Lavender and Pink, alongside Samsung.com online exclusives including Green Shadow, Pistachio and Mint.Speaking during the launch, Manish Jangra, Head of Mobile Experience Division at Samsung East Africa, said the company designed One UI 9 to give users more control while delivering powerful AI experiences.Whether it is improving productivity, connecting across different ecosystems or strengthening security, we are addressing real technology challenges for users across the region, he said.With the latest Galaxy Z lineup, Samsung is positioning foldable smartphones as more than premium devices. The company is presenting them as tools designed for productivity, creativity and everyday digital experiences.The post Samsung Unveils Galaxy Z Fold8 Series in East Africa, Bringing Smarter AI appeared first on Africa Business News.

Advertisement Why Kenyas Creatives and Athletes Need More Than Talent to SucceedKenyas creative and sports industries are producing some of the countrys most exciting success stories. From musicians filling arenas and golfers competing on the international stage to filmmakers, digital creators and visual artists gaining global recognition, talent is no longer in short supply.Yet one challenge continues to stand in the way of long-term success: turning talent into sustainable economic value.That was the focus of a recent discussion on The Jam with June & Martin on Capital FM, where NCBA Group explored how financial inclusion, mentorship, corporate citizenship and strategic partnerships can help creatives and athletes build lasting careers beyond their moments in the spotlight.The conversation brought together Nelly Wainaina, Group Director of Marketing, Communications and Citizenship at NCBA Group, music producer and Elev8 Founder Motif Di Don, and professional golfer and NCBA Brand Ambassador Njoroge Kibugu. Together, they shared why investing in people is becoming just as important as investing in businesses.Kenyas creative economy is a major growth engineKenyas creative sector contributes an estimated 5% of the countrys Gross Domestic Product (GDP), making it an increasingly important pillar of economic growth. However, many talented creatives still struggle to access the financing, mentorship and business support needed to transform their passion into profitable enterprises.The discussion highlighted the need to create stronger ecosystems where artists, musicians, filmmakers, designers and content creators can access not only funding but also the knowledge and networks required to grow sustainable businesses.Rather than viewing creativity as a hobby, the panel encouraged a shift towards recognizing creative work as a valuable economic asset capable of generating jobs, exports and long-term wealth.Talent deserves the same recognition as traditional assetsOne of the strongest messages from the discussion was the need to rethink how financial institutions and businesses view talent.For decades, access to financing has largely depended on physical assets such as land, buildings or vehicles. However, the panel argued that intellectual property, creative works and professional skills also generate income and deserve greater recognition within financial systems.As Kenyas digital and creative economies continue to expand, developing innovative financing models that recognize these assets could unlock new opportunities for thousands of entrepreneurs, artists and athletes who have traditionally struggled to access capital.Why Kenyas Creatives and Athletes Need More Than Talent to SucceedFinancial literacy remains criticalWhile talent can open doors, financial discipline determines how long success lasts.The discussion emphasized that many young creatives and professional athletes begin earning significant incomes early in their careers but often lack structured financial planning. Without proper budgeting, savings and investment strategies, many struggle to sustain their success after their peak earning years.Equipping young professionals with financial literacy enables them to make informed decisions, manage risk and build wealth that extends well beyond their active careers.Creativity is also a businessFor music producer Motif Di Don, artistic talent alone is not enough to build a successful career.He stressed the importance of understanding the commercial side of the music industry, including contracts, royalties, publishing rights and ownership of creative work.Through initiatives such as NCBA Elevate, emerging artists receive mentorship that goes beyond music production to include business education, helping them navigate the industry with greater confidence while building commercially sustainable careers.This approach reflects a broader shift towards supporting creatives not only as artists but also as entrepreneurs.Opening global opportunities for Kenyan talentThe conversation also explored how stronger institutional partnerships can help Kenyan talent compete internationally.Motif Di Don reflected on his invitation to join the Recording Academy, demonstrating how local talent can increasingly access global platforms when supported by the right networks and opportunities.The panel noted that as Kenyan creatives continue gaining international recognition, partnerships between financial institutions, industry leaders and development programmes will play an important role in helping them expand into global markets.Corporate success and community progress go hand in handNCBA also shared how its corporate citizenship strategy is guided by the Ubuntu philosophy: I am because we are.According to Nelly Wainaina, sustainable business growth cannot happen in isolation from the communities businesses serve. Instead, investing in young people, education, entrepreneurship and talent development strengthens both society and the economy.This philosophy continues to shape NCBAs approach to supporting youth empowerment, skills development and long-term economic inclusion across different sectors.Lessons from professional sportProfessional golfer Njoroge Kibugu offered a personal perspective on what it takes to succeed at the highest level.He described how discipline, consistency and resilience have shaped his career, noting that success requires far more than natural ability. Maintaining humility, continuous learning and staying focused remain essential even after reaching major milestones.His journey also highlighted the responsibility successful athletes have to inspire and mentor younger generations entering professional sport.Mentorship creates lasting impactA recurring message throughout the discussion was the importance of mentorship.Whether in business, music or sport, experienced professionals have an opportunity to help the next generation avoid common mistakes, understand industry structures and identify new opportunities.Mentorship not only accelerates individual careers but also strengthens entire industries by building stronger talent pipelines and fostering knowledge sharing.Building careers that lastThe conversation concluded with a simple but powerful message: talent is only the starting point.Long-term success requires a combination of financial literacy, mentorship, institutional support, continuous learning and access to meaningful opportunities.As Kenyas creative and sports sectors continue to grow, stronger collaboration between financial institutions, private sector partners and industry leaders could help transform individual talent into sustainable careers, thriving businesses and greater economic impact.Ultimately, investing in people may prove to be one of the countrys most valuable investments, creating opportunities that benefit individuals, industries and the broader economy alike.The post Why Kenyas Creatives and Athletes Need More Than Talent to Succeed appeared first on Africa Business News.

Advertisement Kenyas Banks Must Transform Credit Strategies as Digital Lending Drives Market GrowthKenyas credit market is entering a new phase of transformation.Data, analytics and automated decision-making are becoming essential tools for lenders. These technologies can help banks expand access to credit, improve customer experiences and build stronger relationships.A new whitepaper by Visa Consulting and Analytics (VCA) highlights how traditional banks can capture new growth opportunities. The report shows that lenders must modernise their credit models to compete in an increasingly digital market.Titled Winning Kenyas Next Unsecured Credit Wave: Closing the Underwriting Gap Between Digital and Traditional Bank Lending, the report examines changes in Kenyas unsecured lending sector.It highlights how digital lenders are introducing faster, mobile-first credit solutions. These new approaches are changing customer expectations and increasing competition.Kenyas credit market enters a new growth phaseKenyas credit ecosystem now operates across two major tracks.Traditional banks continue to lead in higher-value lending products. These include personal loans, mortgages and business financing.Digital lenders have built a strong position in short-term, low-value lending. They use mobile platforms, automated approvals and alternative data to serve customers quickly.The report estimates that about 18 million Kenyans have access to formal credit. This shows the growing demand for convenient and accessible financial solutions.Kenya now has more than 200 licensed digital credit providers. The sector continues to grow rapidly, with mobile lending expanding by about 3839% annually in both borrowers and credit value.Banks have a major opportunityVisa Consulting and Analytics notes that traditional banks still hold important advantages.They have trusted customer relationships, established financial systems and large amounts of customer data.However, many banks need to improve how they use this information. Better data management can help them make faster and more accurate lending decisions.Kenya has one of Africas most dynamic credit markets, but the way credit is assessed and delivered is changing rapidly, said Sandy Samaan, Vice President and Head of Visa Consulting and Analytics, Sub-Saharan Africa.Consumers now expect fast and seamless access to credit. They want solutions built around real-time data and digital experiences. Financial institutions that invest in modern underwriting will improve customer outcomes and remain competitive.Kenyas Banks Must Transform Credit Strategies as Digital Lending Drives Market GrowthThree ways banks can strengthen lendingThe report highlights three key areas that can help banks improve unsecured lending.1. Unlocking the power of dataBanks collect large amounts of customer information across different services and channels.However, many institutions do not fully use this data when making lending decisions.Digital lenders often analyse transaction patterns and customer behaviour in real time. This allows them to assess risk more effectively.By improving data usage, banks can identify new customers and expand responsible lending.2. Using smarter risk modelsMany banks still depend on traditional credit scores and established lending criteria.Meanwhile, digital lenders are adopting advanced analytics and machine learning models.These tools analyse customer behaviour and alternative data sources. They help lenders assess customers with limited credit histories.For banks, investing in smarter risk models could unlock opportunities among underserved borrowers.3. Improving speed through automationCustomers increasingly expect faster financial services.However, some bank lending processes still involve lengthy manual reviews.Digital lenders use automated decision-making systems to process applications quickly. These systems enable faster approvals while improving efficiency.Banks that adopt similar solutions can enhance customer experience and compete more effectively.A roadmap for future growthVisa Consulting and Analytics recommends that lenders focus on three priorities.These include expanding data sources, investing in advanced analytics and automating credit decisions.The opportunity for banks remains significant, said Samaan. They have strong customer relationships, funding advantages and broad product ecosystems. However, they must combine these strengths with modern credit capabilities.The report also highlights the importance of stronger credit management as economic conditions remain challenging.As Kenyas financial sector evolves, lenders that combine innovation with responsible risk management will have a competitive advantage.The future of credit will depend on institutions that deliver speed, convenience and inclusion while maintaining sustainable lending practices.For Kenyas banks, the next growth opportunity lies in transforming how they understand customers, assess risk and deliver credit.The post Kenyas Banks Must Transform Credit Strategies as Digital Lending Drives Market Growth appeared first on Africa Business News.

Advertisement How NCBA Is Making Sustainable Homeownership More Accessible in KenyaFor many Kenyans, owning a home remains one of lifes biggest aspirations. However, rising property prices, limited long-term financing and increasing urban housing demand continue to make that goal difficult to achieve.As the housing market evolves, financial institutions are expanding beyond traditional mortgages to offer solutions that address affordability, sustainability and energy efficiency. Among them is NCBA Bank, which is combining innovative financing with green technology to make homeownership more accessible.Homeownership meets sustainabilityNCBA recently showcased its integrated approach to property financing during its annual Property Investment Tour. The initiative gave prospective homeowners an opportunity to visit residential and commercial developments, interact with developers and better understand the home-buying process.This years tour also reflected the banks sustainability agenda. Participants travelled on fully electric buses, demonstrating how clean mobility can support greener communities while reducing carbon emissions.At the same time, NCBA introduced its Solar Leasing Solution, enabling homeowners to access clean energy without the high upfront costs typically associated with installing solar systems.According to Dennis Njau, Group Director, Retail Banking at NCBA, the bank aims to remove barriers that prevent more Kenyans from owning homes while promoting environmentally sustainable living.Owning a home remains a major aspiration for many Kenyans. Our mission at NCBA is to remove barriers, guide customers with clarity and provide innovative solutions that support both financial and environmental sustainability, he said.How NCBA Is Making Sustainable Homeownership More Accessible in KenyaA broader approach to property financeHomeownership involves more than purchasing a house. Buyers also need financing, insurance and reliable energy solutions throughout the propertys lifecycle.To address these needs, NCBA has developed a comprehensive property finance ecosystem that supports customers before, during and after buying a home.The bank offers financing for completed homes, plot purchases, construction projects and buy-and-build developments. Customers can also access mortgage transfers, equity release facilities and home improvement loans for renovations and upgrades.Additionally, NCBAs 105% Own-Your-Own-Home Mortgage helps reduce traditional upfront costs that often discourage first-time buyers.Beyond financing, customers can access home insurance, insurance premium financing and the banks new Solar Leasing Solution, making it easier to protect and power their homes under one financial partner.Why green financing mattersSustainability is becoming an increasingly important consideration for homeowners and property developers alike.Solar energy offers households an opportunity to lower electricity costs while reducing dependence on the national grid. However, the upfront investment has often limited adoption.Through solar leasing, homeowners can access renewable energy without making a significant initial capital investment. This approach supports Kenyas transition towards cleaner energy while making sustainable living more practical for more households.Meanwhile, the use of electric buses during the property tour reinforced the banks commitment to promoting environmentally responsible solutions beyond financial services.Responding to Kenyas housing challengeKenya continues to face a significant housing deficit as urbanization increases demand for affordable homes.Many urban households remain renters due to high property prices and limited access to affordable financing. At the same time, developers continue to explore innovative ways to deliver sustainable housing that meets changing consumer expectations.Financial institutions have an important role to play by expanding access to flexible financing while supporting environmentally responsible development.Supporting the future of homeownershipAs demand for housing continues to grow, the future of homeownership will depend on solutions that combine affordability, accessibility and sustainability.By integrating property finance, insurance, home improvement financing and renewable energy solutions, NCBA is helping customers navigate every stage of the homeownership journey.The banks approach also reflects a broader shift within Kenyas financial sector, where innovation increasingly focuses not only on helping customers buy homes but also on creating resilient, energy-efficient communities for the future.The post How NCBA Is Making Sustainable Homeownership More Accessible in Kenya appeared first on Africa Business News.

Advertisement Kenyan Automotive Creator George Kingara Heads to Shell V-Power Games in BudapestKenyas automotive content creation industry continues to gain international recognition as automotive creator George Kingara prepares to represent Vivo Energy Kenya at the Shell V-Power Games in Budapest, Hungary.The global event will bring together more than 60 content creators from different countries. Participants will compete in physical, mental, team and driving challenges. South African actress and media personality Nomzamo Mbatha and Moroccan television presenter Hicham Masrar are among the participants.Celebrating performance and innovationThe Shell V-Power Games showcase the performance of Shell V-Power, which Shell developed in partnership with Scuderia Ferrari.For decades, Shell and Ferrari have worked together to advance fuel technology in motorsport. Their innovations continue to improve everyday driving experiences. Ferrari also trusts and recommends Shell V-Power as its fuel of choice.Kenyan Automotive Creator George Kingara Heads to Shell V-Power Games in BudapestFlying Kenyas flagGeorge Kingaras selection highlights the growing influence of Kenyas automotive community. It also reflects Shell V-Powers commitment to connecting local creators with global opportunities.Speaking before his departure, Kingara described the opportunity as a major milestone in his career.I am incredibly honoured to represent Kenya at the Shell V-Power Games in Budapest. What started as a passion for creating automotive content has opened doors to an amazing global opportunity. I look forward to connecting with creators from around the world while proudly flying the Kenyan flag, he said.He added that he is eager to experience the excitement of the event and watch his Formula One heroes compete at the Hungarian Grand Prix.Inspiring the next generationVivo Energy Kenya Managing Director Peter Murungi said the competition demonstrates the companys commitment to supporting Kenyan creators and celebrating innovation.We are delighted to have George Kingara represent Kenya at the Shell V-Power Games. His participation reflects the growing influence of Kenyas creative industry and our commitment to creating opportunities that inspire. Through Shell V-Powers partnership with Scuderia Ferrari, we continue to bring our performance story closer to customers while inspiring the next generation of motoring enthusiasts, he said.Driving Kenyas automotive cultureOver the years, Kingara has built a strong online community through vehicle reviews, driving experiences and automotive industry insights. His content continues to inspire motoring enthusiasts while contributing to the growth of Kenyas digital automotive space.Fans can follow his journey through Shell Kenya and Shell Motorsports social media channels. They will enjoy behind-the-scenes content, competition highlights and live updates from the Shell V-Power Games.The event offers more than global exposure for one creator. It also showcases Kenyas growing influence in the international automotive and digital content industries.The post Kenyan Automotive Creator George Kingara Heads to Shell V-Power Games in Budapest appeared first on Africa Business News.

Advertisement How Tuunza Mapato Is Expanding Access to Affordable Income ProtectionA medical emergency or the loss of a loved one can quickly disrupt a familys finances. However, many Kenyans still lack insurance because they consider it expensive or difficult to access.Today, digital technology is changing that reality. Financial service providers now integrate insurance into mobile platforms, making it easier for customers to protect themselves at an affordable cost.One example is Tuunza Mapato, available through My OneApp. The solution allows eligible customers to access income protection from as little as KSh 60 per week.How Tuunza Mapato Is Expanding Access to Affordable Income ProtectionAffordable Cover for Everyday RisksTuunza Mapato combines two essential insurance benefits in one package.First, customers receive Hospital Cash Cover of up to KSh 30,000. This benefit helps families manage expenses during hospital admission.In addition, the package includes Funeral Cover of up to KSh 100,000. The cover offers financial support when families face unexpected funeral costs.By keeping premiums affordable, Tuunza Mapato enables more people to access insurance without stretching their household budgets.Managing Cover Through My OneAppCustomers can activate Tuunza Mapato directly on My OneApp. They simply select Do More With M-PESA, tap Insure and Protect, and choose Tuunza Mapato.After registration, M-Ratiba automatically deducts the weekly premium. As a result, customers maintain active cover without making manual payments every week.If the system cannot complete a deduction because of insufficient funds, it sends a low-balance alert. Customers can then top up their wallets and continue enjoying uninterrupted protection.Why Digital Insurance MattersInsurance helps individuals recover from unexpected financial shocks. Yet many people have struggled to access traditional insurance products.Fortunately, digital platforms have simplified the process. Customers can now purchase cover, manage policies, and monitor payments from their smartphones. Consequently, insurance has become more convenient and accessible.Digital insurance also complements other mobile financial services. Users can manage payments, savings, money transfers, and insurance within a single digital ecosystem.Building Financial ResilienceFinancial emergencies rarely come with a warning. Therefore, preparing for unexpected events has become increasingly important.Affordable insurance solutions such as Tuunza Mapato help households reduce the financial impact of medical emergencies and funeral expenses. Instead of relying entirely on savings or borrowing, customers gain an extra layer of financial security.Ultimately, products like Tuunza Mapato show how digital innovation is expanding access to insurance in Kenya. By combining affordable premiums, automatic payments, and a simple digital experience, My OneApp is helping more people build financial resilience and protect what matters most.The post How Tuunza Mapato Is Expanding Access to Affordable Income Protection appeared first on Africa Business News.