Equity Group Holdings won the CIO100 Africa Award in the banking technology category, recognizing its leadership in digital transformation. The award was presented at the CIO100 Symposium in Naivasha, where organizations across the continent were honored for innovation. Equity was cited for advances in digital banking, AI integration, and data governance. CEO James Mwangi said the recognition reflects long-term investment in technology and the bank’s mission to expand access to financial services.

Kenya’s Energy Ministry said Parliament must approve Gulf Energy’s revised Field Development Plan before oil production in Turkana begins next year. Gulf Energy acquired Tullow Oil’s Kenyan assets and will develop the South Lokichar fields, targeting 50,000 barrels per day. The company is building infrastructure, and officials expect first exports in late 2026. The government granted tax exemptions and higher cost-recovery limits to encourage investment.

Family Bank raised KSh 8.004 billion through a heavily oversubscribed private share placement that closed at 131% participation, surpassing its KSh 6.09 billion target. The bank said the capital will support digital transformation, expand lending, and strengthen regional growth plans. CEO Nancy Njau and Chair Lazarus Muema said the results reflect strong investor confidence in the bank’s financial strategy and focus on MSMEs, green financing, and underserved sectors across the economy.

KenGen approved a higher dividend of KSh 0.90 per share after reporting a 56% rise in net earnings. The company posted KSh 10.48 billion in profit, supported by diversified revenue, cost reductions, and improved foreign exchange gains. Chairman Alfred Agoi said the payout reflects confidence in KenGen’s long-term strategy. The power producer recorded KSh 56.1 billion in revenue and expanded its geothermal consultancy work as electricity demand and national grid contributions increased.

Global insurtech Bolttech acquired Kenya’s digital insurance platform mTek as part of its strategy to expand operations in Africa. The company said mTek’s technology and customer base will support regional growth and enhance embedded insurance services. mTek partners with leading insurers and serves more than 350,000 customers through its digital platform. Its leadership team will continue managing operations during the integration process, with plans to scale services and roll out a rebrand in due course.