Author: Kaluka wanjala

Kenya’s regulated digital lending industry has crossed the KSh150 billion mark after the Central Bank of Kenya (CBK) licensed an additional 25 Digital Credit Providers (DCPs), bringing the total number of licensed firms to 252. According to the CBK, licensed digital lenders had issued 8.37 million loans worth KSh150.56 billion by the end of May 2026. The regulator said it has received more than 800 licence applications since the licensing framework came into effect in March 2022. While 252 firms have now secured licences, hundreds of applications remain under review, with many awaiting the submission of required documentation. CBK noted…

Interswitch has appointed Geoffrey Njuguna as the new Managing Director of its Kenya business.  Njuguna previously served as Regional Chief Financial Officer. As CFO, he helped streghten the company’s financial management, supporting strategic growth and driving operational excellence across the business. Commenting on the appointment, Mitchell Elegbe, Group CEO, Interswitch Group, said: “Geoffrey’s deep understanding of our business, proven leadership, and unwavering commitment to our values position him well to lead our Kenya business into its next phase of growth.” The appointment follows Interswitch’s sustained efforts to deepen its footprint in the Kenyan payments ecosystem, with a focus of delivering…

Stablecoin-powered travel payments startup Timon has announced its expansion to Kenya after surpassing 100,000 users across Africa. The expansion comes after the company received backing from Alliance, a global accelerator for crypto startups. The investment will help Timon expand across Africa, strengthen its stablecoin infrastructure and accelerate the rollout of new products. If you have a startup you want featured on TechArena, let us know through this contact form here. Timon was founded by Tomi Ayorinde and Chizaram Ucheaga and enables users to fund digital wallets using local currencies, US dollar accounts or stablecoins. It also offers virtual and physical payment cards, cross-border…

Liquid Intelligent Technologies has appointed Bernard Beya as Chief Executive Officer of its operations in the Democratic Republic of Congo (DRC) He joined Liquid Intelligent Technologies in September 2022 as Chief Financial Officer and has been the Acting CEO since November 2025. According to Cassava Technologies, the appointment comes as the company looks to strengthen its presence in one of Africa’s fastest-growing digital markets. “The DRC represents one of the most exciting growth opportunities in our region, and Bernard’s appointment comes at an important moment in our journey,” said Sutha Siva, Executive Vice President and Group Chief Operating Officer at…

Yellow Card has received seven nominations at the Morgans Governance, Risk Management and Compliance (GRC) & Financial Crime Awards 2026 (Africa Edition). The nominations include the Organizational Excellence in Governance, Risk and Compliance (GRC) award, and six individual nominations recognizing members of Yellow Card’s compliance leadership team. Senior Compliance Manager and Money Laundering Reporting Officer (MLRO) for West, Central, and East Africa, Bright Anyanwu, has been shortlisted in four categories: Emerging Talent/Rising Star in GRC & Financial Crime Prevention, GRC & Financial Crime Prevention Influencer (Africa), Financial Crime and Fraud Prevention Leader, and Governance, Risk, and Compliance Leader. Meanwhile, Japhet…

Red Dot Distribution has announced new leadership changes with Nishad Mairal taking over as the new Chief Executive Officer (CEO) of the company and Munir Bharwani taking over as Managing Director. According to the company, Bharwani will focus on guiding the broader strategic direction of the business in his new role as Managing Director. Mairal, meanwhile, will lead the company’s day-to-day operations as CEO and drive Red Dot Distribution’s next phase of growth. “Built over 25 years on long-term thinking, strong partnerships, and continuous evolution, Red Dot is entering its next phase with strengthened leadership,” the company said in its…

Westcon-Comstor has announced a pan-African distribution agreement with BeyondTrust. The deal is the first dedicated distribution partnership for BeyondTrust for Africa and follows an existing relationship between the two companies in the Asia-Pacific region. It aims to strengthen BeyondTrust’s presence in one of the world’s fastest-growing cybersecurity markets while enabling African partners to address rising identity and privilege management challenges. As organisations increasingly manage human, machine and AI identities across hybrid IT environments, partners will gain access to BeyondTrust’s Pathfinder Platform, which secures privileged access across endpoints, cloud and on-premises infrastructure. The partnership also gives resellers access to Westcon-Comstor’s value-added…

East Africa cloud services provider Angani Ltd has extended its footprint to LINX Nairobi. The company joined LINX Mombasa in 2025 and this latest announcement builds on that. It allows the company to exchange internet traffic more efficiently across Kenya’s two London Internet Exchange (LINX) interconnection hubs. LINX launched LINX Nairobi, its first internet exchange in Africa, in 2023 and now has more than 55 connected networks including TikTok and Starlink. The operator later launched LINX Mombasa in 2025 to provide an additional interconnection point close to East Africa’s major subsea cable landing stations. According to LINX, traffic across its…

EMERGE has officially launched with the aim of helping young African professionals access the skills, mentorship, networks and employment opportunities needed to build sustainable careers across the continent. Developed with support from the Mastercard Foundation, the platform seeks to address the lack of the infrastructure required to help professionals progress in their careers. Many young Africans are technically skilled and ambitious, but often struggle to gain access to structured career development, professional networks, mentorship and visibility to employers, says TheBoardroom Africa. EMERGE combines several career development resources into a single platform, offering structured learning, leadership assessments, mentorship, peer networking, employer…

KCB Bank has partnered with Mastercard to introduce the Sahl Card, a Shariah-compliant payment solution designed to offer Islamic banking customers secure, convenient and values-driven financial services. The launch forms part of KCB’s Sahl Banking proposition and is accompanied by the roll out of the Sahl Agency Banking network, which allows customers to deposit funds, withdraw cash, make payments and access other banking services through a network of agents. Developed in line with Islamic finance principles, the Sahl Card allows customers to make everyday purchases while remaining aligned with Shariah-compliant financial practices. “We remain committed to developing financial solutions that…