Author: Kaluka wanjala

Visa, _able and Onafriq join forces to help grow Visa Flex Credential across Central and Eastern Europe, the Middle East and Africa (CEMEA), including the African markets. The collaboration will enable financial institutions to explore offering credit alongside existing prepaid and debit credentials through a single card. Visa Flex Credential allows issuers to provide customers with multiple funding sources through one card, potentially giving existing debit and prepaid cardholders access to credit without requiring a separate card. Under the partnership, _able will provide credit enablement infrastructure, while Onafriq will support payment processing for eligible prepaid card implementations through its pan-African…

NETSCOUT has announced enhancements to its Arbor Edge Defense (AED) solution that helps enterprises maintain the availability of revenue-generating and mission-critical applications against sophisticated DDoS attacks that evade or bypass content delivery network (CDN) DDoS defences. The enhancements identify malicious sources concealed behind shared CDN infrastructure and apply precise, service-specific countermeasures to block attacks without denying access to legitimate customers using the same CDN. “Cybercriminals launch DDoS attacks for many reasons, but the ultimate outcome is to drain the targeted organisation’s resources,” said Christopher Rodriguez, research director, security and trust, IDC. “These attacks pose significant operational and financial risk because…

Equity Group has reported a 32% increase in Profit After Tax (PAT) to KSh45.5 billion for the first half of 2026 from the KSh34.6 billion reported in the same period last year. The growth was driven by stronger income, improved balance sheet quality, growing contributions from regional subsidiaries and increased non-funded income. Total income rose 25% to KSh124.9 billion, while net interest income increased 17% to KSh69.3 billion. Non-funded income grew 36% to KSh55.6 billion, now accounting for 44.5% of the Group’s total income. Equity’s balance sheet expanded 20% to KSh2.16 trillion, supported by a 21% increase in customer deposits…

Diamond Trust Bank (DTB) has reported a 37% year-on-year increase in pre-tax profit to KSh 9.8 billion for the six months ended June 30, 2026. The banking group said its customer base grew by 44% to 5.9 million across Kenya, Tanzania and Uganda during the period. DTB’s total assets rose by more than 10% to KSh 675 billion, while customer deposits increased 11% to KSh 534 billion. Loans and advances grew 14% to KSh 328 billion. The bank also highlighted the growing role of digital channels in its expansion. 99% of new customers acquired over the past year were onboarded…

Kenyan solar energy company SunCulture has launched a new company-wide profit-sharing programme aimed at giving employees a direct financial stake in the company’s growth. Dubbed RainDrops, the programme covers all full-time employees across the company, including engineers, sales managers, credit officers and support staff. If you have a startup you want featured on TechArena, let us know through this contact form here. According to SunCulture COO Jon Saunders, the initiative is designed to strengthen employee ownership and align teams around the company’s long-term growth. “Every team member deserves to share in the value they help create,” Saunders said in a LinkedIn post announcing…

Standard Chartered Kenya has reported a profit before tax of KSh9.6 billion for the six months ended June 30, 2026. The bank’s operating income declined 9% year-on-year, with net interest income falling 20% to KSh12.3 billion amid rate and margin pressures. This was partly offset by a 16% increase in non-interest income, supported by strong performance in Wealth Solutions and higher foreign exchange transaction volumes. Birju Sanghrajka, Managing Director and Chief Executive Officer, said: “The Bank delivered a profit before tax of KShs 9.6 billion. Our capital remains strong and the directors are pleased to announce an interim dividend of…

Nutanix and accelerated compute platform ChronoScale Holdings Corporation have announced a strategic partnership aimed at helping enterprises deploy and scale artificial intelligence workloads more easily. The partnership will combine Nutanix’s hybrid cloud and enterprise AI capabilities with ChronoScale’s accelerated computing infrastructure and AI Foundry platform. Under the agreement, ChronoScale plans to integrate Nutanix software into its AI infrastructure platform to support services including customer onboarding, tenant management, infrastructure virtualisation, managed Kubernetes and AI service delivery. The companies also plan to provide customers with access to additional GPU capacity through ChronoScale’s GPU-as-a-Service (GPUaaS), alongside its Token Factory offering for AI inference…

NETSCOUT has announced an expansion of its Adaptive DDoS Protection (ADP) solution. This introduces new capabilities that enable service providers to automatically detect and mitigate outbound DDoS attack traffic. The move comes as consumer broadband routers, cameras and other Internet of Things (IoT) devices are increasingly being exploited by botnets capable of launching large-scale cyberattacks. Traditionally, DDoS protection has focused on defending the intended target of an attack. NETSCOUT’s latest update shifts that approach by helping operators identify and stop malicious traffic before it leaves their own networks. According to the company, compromised subscriber devices are contributing to a new…

Absa Bank Kenya has reported a profit after tax of KSh 10.5 billion for the six months ended 30 June 2026. This represents a return on equity of 21.7%. The lender said its performance was driven by continued execution of its customer-focused growth strategy, alongside investments aimed at strengthening the long-term resilience of the business. Customer assets grew by 8% to KSh 329.9 billion as the bank expanded lending to key sectors of the economy, while customer deposits increased to KSh 380.7 billion, reflecting growing confidence among customers and wider access to financial services. Total assets also rose to KSh…

Terra Industries, a defense technology company developing autonomous security systems for critical infrastructure across the Global South, has raised an additional $18 million, bringing its total seed funding to $52 million. The latest round included participation from existing investors, including 8VC, Silent Ventures, Nova Global, Belief Capital and SV Angel, alongside new investor Norleo Space Investments and angel investor Grant Gordon. The company develops and manufactures autonomous defense systems designed to help governments and infrastructure operators protect critical assets across land, air and maritime environments. Terra says its technology is already being used to secure power plants, mines and other…