Arthaland Gallery promotes green living vision in Quezon City

Green developer Arthaland is taking its sustainable residential vision north with the opening of the Arthaland Gallery in Quezon City, featuring Liv, its newest residential development in the Katipunan area.

Designed as an immersive touchpoint for prospective homeowners, the gallery brings the project’s vision closer to the market, allowing visitors to experience firsthand how thoughtful design, sustainability and contemporary urban living come together in a community positioned within one of Quezon City’s established residential and education hubs.

Located at the corner of Rajah Matanda Street and Katipunan Avenue, the gallery is about 3 kilometers, or roughly Jive to 10 minutes, from the Liv project site.

‘The Arthaland Gallery experience was designed to give visitors a feel for Liv even before it is completed. They can see and experience the units and lifestyle we are creating at Liv as

Arthaland expands its presence in Quezon City,’ says Celeste Cariño, associate vice president for business planning and development, Arthaland.

The space includes a display area, a digital kiosk, a scale model of the development, a unit finishes area, and fully furnished studio and one-bedroom model units. It will also have a café operated by the local brand Switch Coffee, with an indoor space and an al fresco area open to the public.

The gallery was launched through a symbolic Tree of Life ceremony attended by the Arthaland project team and partners.

Cariño says the Tree of Life reflects the values behind Liv, including balance, harmony, unity, and the interconnectedness between people and nature.

During the ceremony, the representatives led by Cariño watered a plant to symbolize the nurturing of shared roots. The tree then lit up from its roots upward, formally opening the gallery. The Tree of Life will eventually be part of Liv’s podium design.

She describes Liv as a glue bringing together carefully crafted residences, study and work areas, wellness facilities, and social spaces to create a vertical community centered on connection, well-being, and sustainable living. The development builds on

She says Arthaland’s experience in the mid-market residential segment for sustainability, wellness, exceptional quality, and thoughtful design is geared to benefit more people.

Liv champions connectivity with development’s location, with dual access to Katipunan Avenue and Esteban Abada Street, Liv features a dedicated bridgeway connecting directly to Ateneo de Manila University’s Gate 1. It also has dual street access and is about a five- minute walk from LRT 2 Katipunan Station. Miriam College, the University of the Philippines, and a range of schools, commercial establishments, and lifestyle destinations are also within easy reach.

The 46-story Liv North will be the first of the two towers in the development, offering 748 residential units. Studio, One-bedroom, and Two-bedroom units range from approximately 24 to 70 square meters and are designed for investors, parents seeking homes for their children, and professionals seeking a well-connected address near leading educational institutions and key business districts.

The model units at Liv were designed by Hong Kong-based RGBA Design Ltd., which worked with Arthaland on interior architecture and hospitality design. Founded and led by Rowena Guevara Berroya, Cariño says RGBA brings more than two decades of experience across the Philippines and Asia, with a portfolio that includes collaborations with major hospitality groups. For Liv, Cariño says RGBA designed the interiors to make the most of compact urban spaces without making them feel restrictive, creating homes that are functional, flexible, and distinctly personal.

Cariño describes the 25-square-meter Studio model unit as envisioned for a young achiever who is beginning to build her future while expressing her own style. Instead of a conventional bed arrangement, the model unit features a custom bunk bed with a study area underneath, creating distinct spaces for rest, work, and creativity while keeping the living area open. Large operable windows bring fresh air and natural light into the unit, while the separate toilet and shower areas allow two routines to run simultaneously.

Adaptable layouts also allow the spaces to evolve as residents’ needs change, while biophilic elements bring a touch of nature into the home.The approximately 40-square-meter One-bedroom model unit takes a different approach, designed for a resident who has grown into their own identity and values independence, comfort and intentional choices. A private balcony extends the living space, while large operable windows bring in natural light and fresh air. The separate toilet and shower areas provide added privacy and convenience, particularly when entertaining guests.

Liv North is targeted for turnover in July 2031.

Fuel costs continue to rise across EU

Fuel and lubricant prices for personal vehicles in the European Union rose 23.8% in August from a year earlier, following annual increases of 13.7% in June and 16.9% in July.

According to Eurostat, prices increased in 26 of the EU’s 27 member states compared with August 2025. In 16 countries, the annual increase was above 20%.

Bulgaria recorded the biggest annual increase at 34.5%, followed by Lithuania at 28.8%, Finland at 27.6%, Germany at 27.5% and France at 27.4%.

The smallest increases were recorded in Hungary at 1.3%, Sweden at 6.1% and Ireland at 11.7%.

Fuel prices also rose on a monthly basis. Compared with July, diesel prices increased by 8.3% in August, while gasoline prices rose by 3.3%.

Diesel prices went up in 26 EU countries between July and August. The largest increases were recorded in Czechia at 14.3%, Bulgaria at 13.5% and Luxembourg at 12.3%. Italy saw the smallest increase at 5.2%, followed by Romania at 6.1% and the Netherlands at 6.2%.

Gasoline prices increased in 22 EU countries, remained unchanged in two and fell in three.

Spain recorded the largest monthly increase in gasoline prices at 8.2%, followed by Romania at 6.6%, Italy at 6.3% and Cyprus at 6.2%.

Gasoline prices edged down in Hungary by 0.6%, Denmark by 0.3% and Slovakia by 0.1%.

WHEN PRIVACY BECOMES CONTENT: The Dangerous Normalisation Of Leaked Private Conversations

There is a point at which political contestation ceases to be an argument about ideas and becomes an assault on the very boundaries that make civil society possible. That point is reached when a private telephone conversation is allegedly recorded, extracted from its original context and released into the public domain as political ammunition.

The latest controversy surrounding an audio recording purported to be a telephone conversation between Senator Godswill Akpabio and Sandra C. Duru, a.k.a. Professor Mgbeke, therefore deserves to be examined beyond the personalities involved. It raises a much larger question: What happens to a society when private conversations become raw material for public propaganda?

Recent reports indicate that Sandra Duru released a nine-minute audio recording on social media and presented portions of it as a private conversation involving the Senate President. Yet, significantly, the recording has not been independently authenticated, and questions remain about the identity of the voices, the circumstances in which the conversation was recorded, and whether the excerpts constitute the complete conversation. Those uncertainties are not minor technicalities; they are at the heart of responsible public communication.

PRIVACY IS NOT A POLITICAL LUXURY

Nigeria’s Constitution is unequivocal in recognising privacy as a fundamental right. Section 37 guarantees and protects the privacy of citizens, including their homes, correspondence and telephone conversations. That constitutional safeguard does not disappear because the individuals involved are politicians, public officials, activists or controversial personalities. Indeed, public office should never be interpreted as a wholesale surrender of personal privacy.

The Nigeria Data Protection Act 2023 reinforces this principle by establishing a legal framework for protecting personal information and regulating its processing. Among its stated objectives are the protection of fundamental rights and freedoms, the safeguarding of personal data, and the requirement that personal data be processed in a fair, lawful and accountable manner.

The central question, therefore, is not whether an audio recording can generate political excitement; it obviously can. The question is whether private communication can be captured, processed, edited, reproduced and disseminated for political purposes without lawful justification, proper authorisation or regard for the rights of the people whose voices and personal information are involved. That is a much more serious question.

THE CYBER DIMENSION CANNOT BE IGNORED

The Cybercrimes (Prohibition, Prevention, etc.) Act, as amended in 2024, also contains provisions concerning unlawful interception of non-public computer communications and judicially authorised interception of electronic communications. The legislation defines interception broadly enough to include listening to or recording communication data in specified circumstances. But legal precision matters, particularly when criminal liability is being discussed.

It would be premature for commentators to declare, without establishing the facts, that the mere existence or publication of this particular audio automatically constitutes a criminal offence under the Cybercrimes Act. If, however, the evidence establishes that a private electronic communication was intercepted or obtained without lawful authority, the circumstances could raise serious questions under the applicable constitutional, data-protection and cybercrime frameworks. That is precisely why an independent investigation matters: the law should determine the legality, not social media.

PUBLIC INTEREST IS NOT A BLANK CHEQUE

There is another important distinction that the Nigerian public must begin to make. A matter involving a public official may be of public interest without every private conversation involving that official becoming public property. Public interest is not the same thing as public curiosity.

A genuine public-interest disclosure ordinarily requires more than the ability to attract clicks, outrage or political engagement. It requires consideration of authenticity, context, provenance, relevance and the legitimate rights of the people involved. A fragment of an alleged private conversation, detached from the circumstances in which it occurred and presented to millions of people without independent authentication, can easily become something very different from responsible whistleblowing.

It can become narrative engineering, particularly when selected material is used to encourage the public towards a predetermined interpretation. When such narrative engineering is repeatedly used to shape public perception, it begins to resemble propaganda rather than public accountability.

THE MORAL QUESTION

There is also a moral dimension that no statute can completely capture. Politics is already a theatre of suspicion, rivalry and competing narratives. If every private conversation is potentially a future weapon, trust disappears from public life. People stop speaking candidly, officials become afraid of legitimate conversations, and citizens become unwilling to engage public figures.

Political communication then gradually degenerates into a marketplace where the most sensational fragment-not necessarily the most truthful account-commands the greatest attention. This is where the conduct surrounding the dissemination of private conversations raises profound ethical questions.

A society that normalises the conversion of private conversations into political weapons risks producing a culture in which nothing is private, context is disposable and reputation is collateral damage. That is not democratic accountability; it is the erosion of the ethical architecture upon which democratic accountability depends.

THE PROBLEM WITH THE ‘MERCHANT OF PROPAGANDA’ MODEL

There is a growing phenomenon in digital politics in which controversy itself becomes a political commodity. The objective is no longer necessarily to establish facts, but to generate a continuous stream of allegations, recordings, screenshots, insinuations and counter-allegations until the public becomes emotionally exhausted and truth becomes indistinguishable from repetition.

The danger is particularly acute when the communicator becomes both the source of the allegation and the narrator of the evidence. That model creates an obvious credibility problem because the public is effectively being asked to accept not merely the allegation but also the interpretation supplied by the person disseminating it.

That is why independent verification is indispensable. A recording should be authenticated, its provenance established, its full context examined and any editing disclosed. The circumstances of its acquisition should also be investigated. Where there are allegations of unlawful interception or misuse of personal data, the appropriate regulatory and law-enforcement authorities should be allowed to do their work.

FREEDOM OF EXPRESSION HAS RESPONSIBILITIES

Freedom of expression is indispensable to democracy, but so is the right to privacy. These principles should not be presented as enemies. Responsible journalism, legitimate whistleblowing and public-interest disclosure have their place, but none of them should become convenient labels for every unauthorised exposure of private communications.

The democratic answer to disputed conduct is evidence, investigation and due process-not digital vigilantism. If the recording is authentic and contains evidence of wrongdoing, the proper response is to submit the evidence to the appropriate institutions and allow the facts to be tested. If it is unauthorised, manipulated, selectively edited or misleadingly presented, those facts should also be established through proper investigation. Either way, the truth deserves a process more rigorous than a Facebook post.

THIS IS BIGGER THAN AKPABIO

The most important lesson from this episode should not be about Senator Godswill Akpabio alone; it should be about the Nigeria we are creating. Today, it may be a conversation involving a Senate President. Tomorrow, it could be a judge, journalist, businessman, civil servant, academic, clergy member or ordinary citizen.

If the principle becomes that anyone who possesses a private recording is entitled to publish it whenever politically convenient, then privacy ceases to be a right and becomes merely a temporary privilege enjoyed by those who have not yet been recorded. That is a dangerous trend with implications extending far beyond the personalities involved in the present controversy.

The constitutional guarantee of privacy cannot be selectively defended, data protection cannot become a slogan deployed only when convenient, and cybercrime legislation cannot be invoked selectively. Political communication cannot be allowed to become a free-for-all in which reputations are tried and convicted on social media before evidence is examined.

LET THE LAW SPEAK

There is, therefore, a compelling case for the relevant authorities to establish the facts surrounding any purported private telephone recording now circulating. Who made the recording? How was it obtained? Was consent given? Was the communication intercepted? Was it edited? Who first disseminated it, and for what purpose? What personal data were processed? Was there a lawful basis for that processing? And does the dissemination violate any applicable constitutional, statutory or judicial protection? Those are questions for evidence, not conjecture.

There is, however, a broader principle worth defending: private communication should not become political ammunition merely because it can generate attention. A democracy requires trust, evidence, restraint and respect for the law. Public accountability is strengthened, not weakened, when allegations are subjected to verification and established processes rather than determined by the velocity of social-media circulation.

The real moral deficit in contemporary public discourse is not that people disagree. It is that the boundaries between legitimate scrutiny and intrusion can become dangerously blurred when private material is circulated without adequate attention to authenticity, context, provenance and applicable law. Once society becomes indifferent to those boundaries, everyone-not merely public officials-has reason to be concerned about the future of privacy.

Azerbaijani Cinema Day held in French capital

An event titled “Azerbaijani Cinema Day in Paris” was held in the French capital.

Organized jointly by the Azerbaijan Cinema Agency and the Embassy of Azerbaijan in France, the event took place at the embassy’s Cultural Center.

Rashad Azizov, Director General of the Azerbaijan Cinema Agency, noted the growing number of studios operating in Azerbaijan’s film and animation sectors and the resulting increase in film and animation projects.

He stressed the importance of closer cooperation with other countries in implementing such projects.

Director General of the Azerbaijan Cinema Agency said international cooperation in cinema can contribute not only to film production but also to the development of cultural dialogue between nations.

He added that such cooperation could become an important tool of cultural diplomacy and expressed hope that screenings of Azerbaijani films in France would become more frequent in the future.

As part of the event, three animated films – “Under the Same Rain”, “Boom-Boom” and “Isi and Piti” – were screened, along with the documentary “Dream of Paradise”, dedicated to the life and artistic legacy of Mirza Gadim Iravani, one of the prominent Azerbaijani painters of the 19th century.

The documentary explored interesting episodes from Iravani’s life and presented audiences with an important chapter of Azerbaijan’s cultural heritage.

CARIBBEAN-TECHNOLOGY-CARICOM countries at meeting to discuss artifical intelligence

Three Caribbean Community (CARICOM) countries have attended a meeting to advance a shared roadmap for broad and safe adoption of artificial intelligence (AI) in Latin America and the Caribbean and help unlock productivity across the region.

The Inter-American Development Bank (IDB) said that Guyana’s President Irfaan Ali, his Surinamese counterpart, Jennifer Geerlings-Simons and Bahamian Minister of Innovation, Sebastian Bastia; attended the event that was held on the sidelines of the United Nations General Assembly.

It said that the other countries represented at the talks were Bolivia, Brazil, Chile, Colombia, the Dominican Republic, Guatemala, Panama, Paraguay, and Uruguay.

According to the IDB, they met with senior executives from Google, Anthropic, Microsoft, and Nvidia, calling for the development of a regional mechanism that would embed a common strategy and joint investment guidelines.

It said that they also addressed the foundations required for successful and responsible AI adoption, including institutions and regulation, talent and skills, digital infrastructure and data systems, dissemination of technology across governments, firms, and workers, and potential risks.

The urgency of the discussion was informed by the findings of the forthcoming IDB flagship report, ‘From Digitalization to Artificial Intelligence: Turning Promises into Productivity,’ to be published in November. The report is the 2026 edition of the Development in the Americas (DIA) series.

According to the report, broad adoption of AI and large labor-productivity effects could raise regional gross domestic product (GDP) by 5.1 per cent after a decade. With limited adoption and small productivity effects, GDP would rise by only 0.3 per cent.

The study also examines how worker mobility can shape the distribution of AI’s benefits. The IDB said that wages could increase by 2.3 per cent to 5.3 per cent over a decade if workers move into expanding job areas, but could fall by 13.5 per cent to 20.9 per cent if they cannot, underscoring the importance of policies that help workers adapt.

AI has the potential to transform the region’s economies, but any potential gains will depend on policy decisions made today and countries’ ability to scale adoption across the public and private sectors, the report argues. AI is already delivering measurable results, including reducing exclusion errors in social protection programs, improving public safety outcomes, and increasing worker productivity.

Clerical jobs stage a comeback as banks expand branches

Kenya’s banking sector is seeing a renewed demand for clerical workers as lenders expand their branch networks, reversing the recent shift toward hiring management and higher-skilled positions.

Data from the Central Bank of Kenya shows clerical employment jumped 21.3 percent or 2,588 to 14,757 in 2025 from 12,169 a year earlier, marking the biggest annual increase in the category since 2013 when jobs in this category rose by 2,645.

The rise accounted for 92 percent of the new openings created in Kenya’s banking sector as supervisory and management jobs dropped by 303 and 224, respectively.

The category of secretarial and other staff added 223 jobs, taking the net rise in staff numbers in the country’s banking sector to 41,124 from 38,840.

Clerical jobs had dipped for two straight years, shedding 720 positions in the process. However, the latest growth has taken their staff count above that of managerial ones by 2,574 compared with the previous year when they were below by 238.

The clerical jobs comeback was as the number of bank branches increased to 1,611 from 1,573, making room for more traditional banking roles as lenders increase their physical presence.

Many banks have been reassessing the role of physical branches following years of investment in mobile banking, internet platforms, agency banking and other digital channels.

The comeback of clerical jobs suggest that traditional banking roles could be finding a new place within a more technology-driven sector. Many lenders have been enriching the role of clerical employees to include advisory roles as they race for individuals and small and medium-sized enterprises across the counties.

Banks had shed 43 branches in 2021 on the back of Covid-19 disruptions but have since opened 152 over the past four years as more lenders search for customers across counties and satellite towns.

The latest staff figures mark a change from the longer-term direction of the banking industry, where management positions have steadily gained ground while clerical jobs have remained relatively subdued.

Clerical jobs had peaked in 2014 at 18,539 when management jobs were 9,584. However, banks shed 7,401 clerical jobs in six years to 2020 as they hired 806 and 1,118 additional management supervisory employees.

The clerical openings had grown by a lower pace between 2020 and 2024, adding 1,031 jobs compared with 17,93 management and 1,140 supervisory roles over the same period. Last year’s recovery of clerical jobs therefore represents a reversal in the balance between the three categories.

The figures point to a banking workforce that is becoming more diverse as lenders combine digital channels with renewed physical distribution.

Towns such as Ruiru, Kikuyu, Thika, Karuri, Ongata Rongai, Juja and Kitengela have recorded population growth, encouraging banks, microfinance institutions and saccos to establish physical outlets.

As businesses expand beyond Nairobi and traditional urban centres, banks are positioning branches closer to entrepreneurs who need working capital, asset finance, trade finance and other services that often require more interaction with banking staff.

Branches remain key for activities requiring face-to-face interaction, including customer acquisition, relationship management, account opening, lending and other services that may not be fully delivered through digital platforms.

KCB Bank Kenya, Equity Bank Kenya, Co-operative Bank of Kenya and NCBA are among the lenders who have been opening new branches, with each now having more than 100 branches in the country. Family Bank, which currently has 98 branches, plans to join the 100-plus branch club before the end of the year.

The expansion of physical outlets has therefore created demand for customer-facing and operational staff even as technology continues to reduce the need for some traditional back-office functions.

Banks pursuing mass-market customers see wider branch network giving them visibility and credibility in new markets while providing a physical point of contact for customers who are less comfortable with fully digital financial services.

The role of branches is also shifting from traditional transaction points to advisory and relationship-management centres. Lenders increasingly use their outlets to guide customers on investments, borrowing, insurance, wealth management and business financing.

The advisory role is particularly key for SMEs, where lending decisions depend on an understanding of the business, its cash flows and growth prospects.

Continued investment in branches, however, comes against accelerating digital adoption, which has made many routine banking transactions possible without visiting a branch.

Mobile money, banking apps, internet banking and agency banking have reduced the need for physical access for services such as high-volume low-value loan applications, cash transfers, payments, balance enquiries and bill settlement.

Agusto and Co. upgrades Mutual Benefits to ‘A-‘ on strong financial performance

Agusto and Co. has upgraded the long-term credit rating of Mutual Benefits Assurance Plc from ‘Bbb+’ to ‘A-‘, with a stable outlook, in a major endorsement of the company’s strengthened financial position, robust capitalisation, improved underwriting performance and growing profitability.

The reputable rating agency also assigned the company a short-term rating of ‘A1′, with a stable outlook. The ratings, issued on 24 August 2026, are valid through 30 June 2027.

According to Agusto and Co., the upgrade reflects Mutual Benefits’ good financial condition and strong capacity to meet its obligations relative to other insurers operating in Nigeria. The assessment was supported by the company’s sound capitalisation, improved profitability, good liquidity profile, strong retail distribution network and experienced management team.

The upgrade represents a significant recognition of Mutual Benefits’ strengthened financial position and ongoing efforts to build a resilient, competitive and customer-focused insurance business.

A leading Nigerian insurance company with over three decades of operating experience, Mutual Benefits recorded substantial improvements in its capital and solvency position as of 31 December 2025.

The company’s shareholders’ funds increased by 41.8 percent year-on-year to ?33.9 billion, driven by reserve accretion arising from improved profitability. Net admissible assets stood at N30.3 billion, exceeding the stated N15 billion regulatory minimum for non-life underwriters under the Nigerian Insurance Industry Reform Act 2025.

The company’s solvency margin stood at 512 percent, significantly above Agusto and Co.’s 100% benchmark. Meanwhile, its investment portfolio grew by 30.5 percent to N51.4 billion, with liquid assets accounting for 68.2 percent of the portfolio, supporting the company’s ability to meet claims obligations and maintain financial flexibility.

Equally important, Mutual Benefits recorded strong growth in its underwriting operations during the financial year ended 31 December 2025. Gross written premiums increased by 26.7 percent year-on-year to N52.7 billion, with motor insurance remaining the company’s largest underwriting segment, accounting for 34.4% of its portfolio.

Net claims declined by 6.3 percent, while the average loss ratio improved to 23 percent, compared with an estimated industry average of 27.4 percent for Nigeria’s non-life insurance sector.

Commenting on the rating upgrade, Femi Asenuga, managing director/CEO, Mutual Benefits Assurance Plc, said:

‘The upgrade of Mutual Benefits Assurance Plc’s long-term credit rating from ‘Bbb+’ to ‘A-‘ by Agusto and Co. is a significant milestone in our journey and a strong recognition of the financial resilience and disciplined execution that underpin our business. It reinforces the strength of our capital position, the progress we have made in improving our underwriting performance and our ability to deliver sustainable value in a dynamic operating environment.

‘More importantly, this recognition strengthens the confidence we seek to inspire among our policyholders who entrust us with the protection of their assets, businesses and aspirations. It also provides an important signal to our shareholders, brokers, partners and other stakeholders that Mutual Benefits is building a stronger, more resilient and sustainably competitive institution.

‘We remain focused on prudent risk management, excellent service delivery, innovation and responsible growth. As we move forward, our commitment is to continue strengthening the business, deepening customer trust and creating lasting value for all our stakeholders.’

Agusto and Co. expects the continued strengthening of Mutual Benefits’ underwriting activities, alongside a moderation in currency-related valuation swings, to support the company’s profitability in the near term.

In response to the evolving insurance landscape, Mutual Benefits continues to focus on strengthening its market position, deepening retail insurance penetration, improving customer experience and leveraging digital initiatives to enhance product accessibility, claims processing and decision-making.

The company’s strategic direction is anchored in delivering sustainable value to policyholders, shareholders, employees and business partners while reinforcing its position as a trusted protection partner.

NUC approves WATS to award degrees in CRS

The National Universities Commission (NUC) has approved the West Africa Theological Seminary (WATS), Ipaja, Lagos, as a degree-awarding institution for undergraduate programmes in Christian Religious Studies.

The approval represents a major development in the seminary’s more than four decades of theological education, academic training, and ministry formation.

WATS also announced that it recently secured full accreditation from the Association for Christian Theological Education in Africa (ACTEA), a continental body responsible for coordinating and accrediting theological education in Africa.

Reacting to the NUC approval, the provost, Pastor Olufemi Emmanuel, said the development marked the culmination of decades of efforts by the institution to obtain national recognition.

Emmanuel, in a statement by the WATS’ Coordinator, Communication and Church Relations, Isaac Daramola stated that the seminary had satisfied the requirements for the approval and will now be able to provide theological education and award degrees in Nigeria’s higher education regulatory framework.

‘For decades, WATS pursued this national recognition and met every rigorous requirement. While we remain grateful for our international and local partnerships, this NUC approval affirms our capacity to deliver world-class theological training and award degrees under Nigeria’s highest academic regulatory framework,’ he said.

The provost said the approval complements WATS’ existing academic affiliations with the University of Nigeria, Nsukka, and Asbury Theological Seminary in the United States.

Emmanuel also disclosed that the seminary had received confirmation of its full ACTEA accreditation.

The seminary described the NUC approval and ACTEA accreditation as significant milestones in its longstanding commitment to theological education and ministry preparation.

Meanwhile, WATS has announced plans to host a three-day discipleship conference designed to equip church leaders and ministry workers with practical and biblical tools for effective discipleship.

The conference will focus on strengthening the capacity of ministry practitioners to promote effective Christian discipleship in their churches and communities

Mortgage financiers issue new Sh28bn loans as rates fall

Lower borrowing costs, larger loans and longer repayment periods drove the mortgage market to a decade-long record growth of Sh27.9 billion last year, helping revive home financing after a contraction in 2024.

The 2025 Bank Supervision Annual Report released by the Central Bank of Kenya (CBK) shows outstanding home loans rose 10 percent, or Sh27.9 billion, to Sh307.2 billion in the year ended December 2025 from Sh279.3 billion a year earlier.

This came as the average interest rates for home loans dropped to 13.5 percent in 2025 from 15.2 percent a year earlier.

The average mortgage size, on the other hand, rose 11.1 percent to Sh10 million from Sh9 million, while banks extended the average repayment period to 11.5 years from 11.1 years.

The combination gave prospective homeowners access to larger amounts of credit at lower average rates, while the longer repayment periods potentially helped spread the cost of the bigger loans over more years.

The home loans expansion was the largest over the last decade, taking growth into double digits for the first time since 2015, when prospective homeowners took Sh39.3 billion, or 24 percent, more than the previous year.

‘The value of mortgage loans outstanding was Sh307.2 billion in December 2025, as compared to Sh279.3 billion in December 2024. The increase was due to new mortgage loans granted in 2025,’ CBK officials wrote in the report.

The stronger lending reversed the weakness recorded a year earlier, when the portfolio fell by Sh2.2 billion, or 0.8 percent, from Sh281.5 billion in 2023 on elevated interest rates.

The financial services regulator said the number of home loans issued in 2025 rose by 746, or 2.5 percent, to 30,762 facilities from 30,016 in December 2024. This suggests that the expansion was driven more by the size of loans than by a large increase in the number of borrowers.

CBK found that mortgage rates across the market ranged from 7.5 percent to 19.6 percent in 2025, compared with 8.2 percent to 20.4 percent the previous year.

The decline in borrowing costs also coincided with a sharp shift toward fixed-rate facilities, which accounted for 24.3 percent of mortgages by last December compared with 14.1 percent a year earlier.

Variable-rate facilities remained dominant at 75.6 percent of loans, although their share fell considerably from 85.9 percent in 2024.

The tilt toward fixed rates offered some borrowers greater certainty over repayment costs at a time when lenders were also extending the repayment period for housing facilities.

‘The average loan maturity was 11.5 years with a minimum of 5.7 years and a maximum of 18 years in 2025, as compared to an average loan maturity of 11.1 years,’ CBK said.

The longer terms potentially reduced monthly instalments for borrowers, making it easier to service larger facilities despite the higher value of properties being financed.

The stronger lending was also supported by increased access to mortgage refinancing, with more institutions obtaining longer-term funding through the Kenya Mortgage Refinance Company (KMRC), which lends banks and Saccos at 5 percent interest.

Ten mortgage lenders had outstanding mortgage refinancing facilities from KMRC in 2025, increasing from seven in 2024. Their outstanding KMRC-backed facilities jumped 64.7 percent to Sh19.6 billion in December 2025 from Sh11.9 billion a year earlier, the CBK reports.

The increase in refinancing came as the mortgage market remained heavily concentrated among a handful of lenders, with nine institutions accounting for 90.6 percent of the market, comprising 39 lenders.

Seven large-sized banks – KCB, Absa, Stanbic, NCBA, Co-operative, StanChart and Equity – accounted for 77.4 percent, while two medium-sized lenders, HFCB and Family, controlled another 13.2 percent.

The concentration was pronounced among the four largest banks, together accounting for nearly 60 percent of outstanding loans.

KCB held Sh91.5 billion, equivalent to 32.8 percent of the market, followed by Absa with Sh31.3 billion, or 11.2 percent, Stanbic with Sh22.3 billion, or eight percent, while NCBA had Sh21.6 billion, representing 7.7 percent of outstanding loans.

Despite the rebound, stronger lending did not ease repayment stress, with non-performing mortgage facilities rising by Sh4.2 billion, or 9.13 percent, to Sh50.2 billion during the year.

‘The non-performing mortgage loans to gross mortgage loans ratio was 16.3 percent in December 2025, as compared to 16.5 percent in December 2024,’ CBK wrote.

The ratio remained above the industry gross NPLs-to-gross-loans ratio of 16 percent in December 2025, although it was below the 17.1 percent recorded across the banking industry a year earlier.

Banks also continued to require substantial borrower equity, with most maintaining maximum loan-to-value ratios below 90 percent of property values, limiting the extent to which buyers could finance purchases entirely through borrowing.

CBK expects the recovery in housing finance to continue this year, with demand for mortgage loans projected to increase as interest rates stabilise and the supply of affordable homes expands through government-backed projects.

The regulator also sees faster processing of land transactions as the Ministry of Lands digitises its processes, potentially reducing delays that have historically affected property purchases and mortgage disbursements.

CBK further expects availability of discounted long-term financing from institutions such as KMRC, alongside partnerships between developers and financiers to provide affordable housing, to support demand for home loans.

Hegseth draws criticism for Bible-inspired military recruitment tour

US Secretary of War Pete Hegseth has faced criticism over a new military recruitment tour that draws on biblical scripture, after he invoked the Book of Isaiah while addressing students at Texas AandM University.

Hegseth launched the ‘Send Me Tour’ during his visit to Texas AandM on September 19. The name refers to Isaiah 6:8 in the Old Testament, in which the prophet Isaiah responds to God’s question about whom to send by saying, ‘Here am I. Send me.’

Addressing the university’s Corps of Cadets, Hegseth connected the biblical passage with the history of US military service.

‘For 250 years of this country, there have been men and women who raised their right hand and said, ‘Send me,” Hegseth said.

‘Send me to go fight the Redcoats. Send me to go fight the Communists. Send me to go fight the Islamists,’ he added.

Hegseth then called on Americans to continue volunteering for military service in response to threats facing the country.

‘If we don’t have Texans like these out there on the front lines, we don’t have a republic,’ he said, urging people to say, ‘Send me. I’ll serve something greater than myself, God and country.’

The use of biblical language in a military recruitment setting has drawn criticism from religious and civil-liberties groups in the United States.

Methodist pastor Benjamin Cremer described Hegseth’s remarks as a violation of the First Amendment and accused him of using scripture to portray military service as a form of religious crusade.

‘This is not only a blatant violation of the 1st amendment, it is blasphemous and taking the Lord’s name in vain. He is using scripture to frame military service as a kind of Christian religious crusade,’ Cremer wrote.

‘This is Christian extremism. If a radical Muslim military leader was doing this in another country, using the Quran to stoke commitment to a holy war among young recruits, the condemnation from American Christians would be swift and severe. The hypocrisy is astounding,’ he added.

Americans United for Separation of Church and State also criticized Hegseth’s use of Isaiah 6:8 at a public university, arguing that the remarks reflected an effort to frame government service in explicitly biblical terms.

Isaiah is a major prophetic figure in Judaism and Christianity. Although he is not explicitly named in the Quran, Islamic tradition and later Islamic literature have also associated him with prophecy.

The ‘Send Me Tour’ is part of the Trump administration’s broader military outreach efforts. The Department of War said ahead of Hegseth’s Texas visit that he would meet with the Texas AandM Corps of Cadets and visit the university’s Veterans Resource Center.