Kenya
Kenya: CBK lifts freeze on loan prices after IMF notice
The Central Bank of Kenya has begun approving lenders’ applications to increase the cost of loans based on customer risks, setting the stage ...
Kenya
Kenya: Kenyan Startup Named Winner of Global FinTech Competition
The Massachusetts Institute of Technology’s (MIT) FinTech Conference has named Kenyan startup, Money254, as the grand prize winner of their 2022 FinTech Startup ...
Kenya
Kenya: Standard Chartered expands B2B marketplace in Kenya
Standard Chartered has announced getting into the ecommerce space in Kenya with the expansion of Solv, their Business to Business (B2B) marketplace first launched ...
Kenya
Kenya: Co-Operative Bank Axes M-PESA to Bank Charges Following Public Outcry
During the start of the pandemic, the CBK directed financial institutions to adopt some changes that were meant to shield the ordinary Kenyan ...
Kenya
Nairobi-based fintech startup M-Kopa secures $75M as it hits two million customers
The round was led by Generation Investment Management and Broadscale Group, with participation from new investors, including LocalGlobe’s Latitude Fund and HEPCO Capital ...
Kenya
Kenya: Retail-tech startup Cartnshop raises $400k
Kenya is the fastest-growing retail market in Africa, and startups like Cartnshop push to maintain the country’s position as market leaders Kenya’s own ...
Kenya
Kenya: Kenyan Business Growth Enabler, CartnShop, Raises $400,000
CartnShop provides solutions for businesses when it comes to customer engagement and patronage through its end-to-end e-store enablement engine. On this ground, the ...
Kenya
Kenya: Kenya’s Cellulant targets SMEs to accelerate growth
Pan African digital payments company Cellulant has announced plans to shift its focus to small and medium enterprises. The company aims to increase ...
Kenya
Kenya: Shift to Digital Payment Systems Takes Shape in Kenya
The Central Bank of Kenya (CBK) has developed the National Payment Strategy (NPS) 2022-2025 to formulate and implement policies that best promote the ...
Kenya
Kenya: CBK seeks digital and mobile payment platforms fees cut
The Central Bank of Kenya (CBK) has asked digital payment service providers including mobile money firms to cut their prices, arguing that they ...