Absa Bank Kenya has released 2024 Sustainability and Climate Report. The lender introduced Kenya’s first Eco-Home Loan, offering up to 110% financing for homeowners looking to build or retrofit houses with sustainable features. Think solar panels, rainwater harvesting systems, energy-efficient lighting, and walls made from materials that don’t make the planet sweat. The extra 10% over typical financing is designed to cover those “green upgrades” that can often be a budget stretch for ordinary buyers. Green building is slowly catching on in Africa, but the high upfront costs can discourage uptake. By essentially funding the full cost (and then some),…
Author: Brand Spot
Brand Spot
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Stanbic Bank has reported a Profit After Tax (PAT) of KES 6.5 billion for the first half of 2025. The bank delivered a Return on Equity (ROE) of 17.4% even with a dip in net interest income caused by macroeconomic pressures. The bank also saw a 4% balance sheet growth compared to December 2024. Stanbic Bank was also named among the top 5 SME lenders in Kenya by the Kenya Bankers Association and received recognition at the Think Business Awards for mortgage and SME lending excellence. Financial Summary for H1 2025 Dividend Stanbic has declared an interim dividend of KES…
NTT DATA has announced a significant sustainability milestone with the installation of a solar energy system at its newly launched East Africa headquarters at The Cube, Riverside Drive. The system is expected to cut the company’s reliance on grid electricity by over 33%, supporting its broader target of achieving net-zero carbon emissions by 2040—a full decade ahead of the Paris Agreement deadline. The investment aligns with growing momentum around green energy across East Africa, as countries ramp up solar, hydro, and carbon market initiatives to meet global climate goals. “Our investment in solar energy is not just about reducing operational…
ViFi Labs has announced the acquisition Uganda’s OneRamp, a stablecoin-powered platform simplifying digital payments through mobile money and banking integrations. This deal gives ViFi Labs immediate market access across Kenya, Uganda, Nigeria, and Tanzania where OneRamp serves over 25,000 users with an annual revenue run rate of $1.2 million. If you have a startup you want featured on TechArena, let us know through this contact form here. OneRamp was founded by Elias Hezron Opio and Jovan Mwesigwa offering a practical solution for the use of stablecon in everyday transactions. By linking stablecoin wallets directly with local financial systems, OneRamp eliminates common friction points…
PUBG Mobile, the world-renowned mobile battle royale game, today announced the launch of its electrifying “Afro Frenzy Dance Challenge” on TikTok, inviting players and dance enthusiasts across Africa to showcase their moves and creativity. This exciting initiative aims to blend the thrill of in-game action with the vibrant energy of Afro-inspired dance, fostering community engagement and celebrating local talent. The challenge leverages the exclusive new audio track, “I’m The One,” a collaboration between PUBG Mobile and popular artist Fathermoh. Participants are encouraged to express their unique style while integrating the signature “Afro Frenzy Move” into their videos. Challenge Mechanics and…
This article is extracted from the recent episode of Connecting Africa by CNN’s Eleni Giokos and Victoria Rubadiri Fintech companies in Kenya are expanding their reach and transforming how businesses hire, pay, and grow in the digital economy. A report from McKinsey & Company estimates that Fintech market revenue will increase fivefold by 2028 reaching a value of $47 billion. CNN’s Eleni Giokos sat down with Mayowa Kuyoro, a partner at McKinsey & Company, who leads their Africa financial services group. She spoke about Fintech companies in Africa at present, and in the future, “In 2025, we’re seeing people look beyond what…
Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies and a global tech leader of African heritage, has introduced Business Internet Access (BIA), a new service to support South African businesses with high-performance, cost-effective internet connectivity. BIA is designed as an alternative to traditional Dedicated Internet Access (DIA) and offers organisations access to an exclusive, dedicated internet line. This ensures consistent speeds for mission-critical tasks. The service is backed by a Service Level Agreement (SLA) that guarantees up to 99% uptime. It aims to eliminate the risks of downtime for SMEs and large enterprises too. “Connectivity is no longer a…
KCB Foundation has graduated 340 youth from Nandi County through its flagship 2jiajiri program, equipping them with technical skills and startup resources to pursue self-employment and contribute to job creation. If you have a startup you want featured on TechArena, let us know through this contact form here. The graduates, drawn from 10 Technical and Vocational Education and Training (TVET) institutions, are the latest beneficiaries of the Foundation’s partnership with Mastercard Foundation under the Young Africa Works (YAW) initiative. Speaking during the graduation event in Nandi County, KCB Foundation Director Mendi Njonjo emphasized the program’s transformative impact. “Through the 2jiajiri programme, we are…
By Veerakumar Natarajan, Country Head, Zoho Kenya Kenya’s economy is on the verge of a profound transformation, with cloud technology emerging as a primary engine of its future growth. The projections are staggering: by 2033, cloud adoption could contribute over KSh 1.4 trillion to Kenya’s economy. This is not a distant dream—the momentum is already building at an accelerating pace. Fuelled by an annual surge in cloud demand of up to 30% across Africa, (84%) of Kenyan organisations increased their cloud spending in 2023 alone. Global tech companies have announced plans to establish public cloud infrastructure, given Kenya’s position as a prime investment destination. This provides…
Kenya has launched a new regional initiative in East Africa aimed at tackling wellness challenges in Eastern Africa through technology and cross-border collaboration. Dubbed “Go Healthy with Taiwan 2025,” the campaign invites East African institutions, startups, and SMEs to submit proposals on how to apply Taiwanese health tech solutions to local needs in fitness, cycling, and smart healthcare. Led by Taiwan’s International Trade Administration (TITA) and organised by the Taiwan External Trade Development Council (TAITRA), the initiative marks a growing effort by Taiwan to promote its health innovation capabilities abroad, while fostering community-driven solutions in partner countries. Three winning proposals…