Equity Bank is focusing on specialized engineering talent. The roles include DevOps Engineers and Site Reliability Engineers. Additionally, the bank is recruiting Application Security Specialists and Information Security Analysts in Kigali. This recruitment reflects a shift towards technology-driven operations within the banking sector.

The Assets Recovery Agency is involved in a separate investigation targeting cybercrime. They are seeking to freeze over Sh6.7 million linked to a mobile phone theft and money laundering syndicate. The funds are believed to be proceeds of crime generated from the theft, repair, and resale of stolen mobile phones.

Key details of the investigation:

• The agency targets three individuals suspected of running the syndicate.
• The largest single amount targeted is Sh4 million in one account linked to Syllus Musila Kivyatu.
• Zachariah Lekishon stated that the respondents are involved in acquiring and selling stolen mobile phones.

There is imminent danger that these individuals may dispose of or transfer the funds unless preservation orders are issued by the court. Observers note that this situation highlights ongoing challenges with cybercrime in Kenya.

As Equity Bank seeks to redefine African finance through its recruitment efforts, it also aims to promote financial inclusion across its markets. The bank’s strategy aligns with broader economic goals amid a competitive job market.

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Key features of the mortgage product:

• The mortgage offers loans ranging from Sh1 million to Sh4 million, repayable over up to 15 years.
• Eligibility requires at least two years of business operation.
• The product aims to increase financial inclusion by easing rigid credit assessment models.
• It uses alternative indicators, such as mobile money transactions and business records, for credit assessment.

Over 80% of Kenya’s workforce operates in the informal sector. Many of these individuals struggle to secure traditional mortgage financing. Caroline Wanjeri, a spokesperson for KCB Bank, highlighted the importance of this new solution.

Wanjeri stated, “With more than 80% of Kenya’s workforce operating in the informal sector, the new mortgage solution seeks to increase financial inclusion, ease the rigid credit assessment mortgage models and enable an increase in homeownership for Kenyans.”

This move comes as Kenya faces a persistent housing deficit driven by rapid urbanization and rising construction costs. The initiative is expected to tap into underserved groups who have traditionally found it difficult to access home loans.

Wanjeri added, “By combining alternative credit assessment and financial discipline we are making mortgage financing accessible by redefining eligibility through consistency in business performance as a credible pathway to dignified home ownership.” KCB Bank is positioning itself as a leader in addressing housing challenges in the country.

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