Author: Majira Media

BusinessCareer

Equity Bank retains crown as Kenya’s most valuable brand amidst banking sector dominance; Tusker emerges as strongest

 Equity Bank has been named as Kenya’s most valuable brand, securing the top spot for the second consecutive year in the 2025 ranking according to Brand Finance. The continued dominance underscores the robust performance of the nation’s banking sector, which collectively accounts for over half of the total brand value in the latest valuation. Meanwhile,
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Absa Business Credit Card launched to empower SMEs to optimize cash flow & track expenses

 Absa Bank Kenya together with Visa have launched the Absa Business Credit Card. It is aimed at empowering SMEs by improving transactional efficiency and expense tracking. The Absa Business Credit Card gives businesses the ability to optimize their cash flow with flexible interest-free credit options of between 20 to 50 days on payables. The card
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Sun King opens first customer experience centre in Mombasa, boosting off-grid solar access

 Sun King has announced that it has officially opened its first customer experience centre in Mombasa, bringing clean energy solutions closer to customers along Kenya’s coast. It is located along Digo Road, adjacent to Huduma Centre and opposite Nomaneno Bazaar. It is designed to provide faster service, interactive access to Sun King’s full product range.
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Superior Homes, HF Group partner to deliver quality housing + affordable mortgages

 Superior Homes Kenya (SHK) and HFC Kenya have signed an MOU to link potential homeowners with quality housing + affordable mortgages. HFC Kenya is owned by HF Group. Under this partnership, HF Group will provide concessional mortgage financing at a rate of 9.5%. The agreement also includes a 20-year loan term and a commitment to
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Kenya’s appetite for digital content sets the stage for telecoms’ transformation

 Telecoms across East Africa face a serious challenge in the form of growing demand for digital content. In Kenya alone, despite the recent introduction of taxes, more than three-quarters (76.5%) of internet users under the age of 16 pay for digital content each month. This is the fourth-highest rate in the world after Sweden, Norway
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CDSC moves 16 Billion Safaricom shares to electronic system

 The Central Depository and Settlement Corporation (CDSC) has announced that 16 billion Safaricom PLC shares have been moved to the electronic system. The shares were previously held by Vodafone Limited and brings the total number of Safaricom shares held in electronic format within the Central Depository System (CDS) to 40 billion, representing 100% of all
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Naivasha’s Osotua Luxury Resort on auction over Sh900 million debt

 The Osotua Luxury Resort that is located in Naivasha has been put up for auction reportedly over a Sh900 million debt. The hotel which opened barely four years ago will be auctioned on Wednesday, June 11, 2025 in an auctioning that will be facilitated by Integra Auctioneering Company. According to an advertisement by Integra Auctioneering
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Family Bank opens branch in Kilifi in expansion push

 Family Bank has announced that it has opened a new branch in Kilifi County as part of expanding its national footprint. The new branch is its 96th branch in Kenya and the 9th branch in the coastal region. The new branch is located at Kilifi Plaza and will offer a range of banking services. It
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