Understand the power of AI in finance

The programme will help 25 undergraduate students studying science, technology, engineering, and mathematics at Malawi University of Science and Technology

The endorsement positions the $1.6 billion (Sh204.3 billion) deal as a critical release valve for the National Treasury.

Kenya crossed the US$5 billion remittance milestone in 2025, cementing diaspora inflows as its most reliable source of foreign exchange. But Central Bank data shows growth slowed sharply, reflecting pressure in key labour markets even as fintech platforms keep digital transfers resilient.

Under the arrangement, Network will provide Saudi Sudanese Bank with a complete suite of end-to-end digital payment processing services.

As Parliament scrutinises the proposed Safaricom stake sale, concerns are mounting over valuation transparency, data sovereignty, and the state’s shrinking influence should Vodacom’s ownership rise to a controlling 55 percent.

The capital injection will be used to develop an AI-powered fintech platform for small businesses, expand the team, and accelerate merchant onboarding.

Treasury officials outlined and discussed the policy and economic framework underpinning the proposed transaction in parliament.

Kenya may be Africa’s mobile money capital, but cheques continue to quietly move more than $17 billion a year, defying regional trends as regulators prioritise inclusion and businesses cling to trusted paper-based payments.

Regulation is not a “nice-to-have”; it’s the safeguard that separates legitimate innovation from systemic risk, says Japhet Gana from Yellow Card.

New data shows that Kenyan consumers are abandoning traditional websites in favour of WhatsApp and mobile apps, as mobile money platforms like M-Pesa reshape how online shopping is done across the country.

The e-voucher, which is based on the Zambia Integrated Agricultural Management Information System, leverages mobile technology to enhance input distribution efficiency.