Key statistics:

• Kenya’s average lending rates fell to 14.70% in March 2026, the lowest since December 2023.
• The deposit rate decreased to 6.86%, its weakest level since August 2022.
• Private sector credit growth reached 8.1% year-on-year in March 2026, marking the strongest growth since January 2024.
• 34 out of 38 banks recorded lower lending rates year-on-year.

The Financial Stability Board (FSB) has raised concerns about vulnerabilities within the private credit market, particularly regarding borrower credit quality and valuation opacity. The FSB encourages authorities to close data gaps and harmonize definitions for better monitoring of private credit.

Reliance Bank has taken steps toward digital transformation by selecting Temenos SaaS. Nikki Fenton, CEO of Reliance Bank, stated that implementing Temenos SaaS is crucial for their strategy. The move aims to enhance operational efficiency and improve customer service.

The gross non-performing loan ratio edged up to 15.6% in March from 15.4% in December 2025. This slight increase indicates ongoing challenges for banks as they navigate financial stability issues.

The Monetary Policy Committee (MPC) held the Central Bank Rate (CBR) at 8.75% on April 8, pausing the easing cycle amid concerns over inflation and economic growth. The next steps for Kenyan banks will depend on how they manage these challenges while fostering credit growth.

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Huduma Kenya has expanded its portfolio of government services over the last decade. The new initiative seeks to improve compliance with existing procurement laws and enhance transparency in public tenders.

The integration of procurement functions into Huduma Centres will happen in phases. This structured rollout is designed to ensure that staff are properly equipped to handle procurement-related inquiries.

The partnership also aims to bring technical procurement support closer to the public. It is expected to foster a more inclusive procurement environment for youth and women-led enterprises.

Further details on launch dates for the procurement desks will be released soon. The discussions were led by Huduma Kenya CEO, Mr. Ben Kai, who emphasized the importance of this initiative for service delivery efficiency.

The program aligns with the government’s digital transformation goals, aiming for a streamlined process in accessing government services.

Overall, this collaboration represents a significant step toward making public procurement more accessible and transparent for all Kenyans.

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The rollout of My OneApp has faced significant challenges, including login failures and performance problems. Safaricom has been consolidating its ecosystem through this app, merging financial and telecom services into a single platform. Yet, these integration efforts have not gone smoothly.

Peter Ndegwa, CEO of Safaricom, emphasized the importance of overcoming these obstacles. “Africa’s digital journey is at a point where it is no longer about what is possible, but what can work at scale,” he said. This statement underscores the pressing need for effective solutions as companies strive to enhance their digital transformation.

In addition to addressing user concerns, Safaricom has committed 22 million Kes to sponsor the 2026 Connected Africa Summit. This summit aims to shape Africa’s digital transformation journey and will feature discussions on mobile money and super apps.

M-PESA remains a critical component of daily life for many individuals and businesses in Kenya. Its integration into My OneApp is intended to streamline financial transactions and improve user experience. However, the current issues have raised questions about the effectiveness of this approach.

Orange S.A. is also making strides in the region, scaling its Max It app across 16 markets with a target of reaching 75 million users by 2028. This competitive landscape highlights the urgency for Safaricom to resolve its My OneApp issues quickly.

Officials have not clarified the criteria for receiving the 1GB free data from Safaricom. As customers await further information, they hope for a swift resolution to the ongoing problems that have marred their experience with My OneApp.

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