Kenya
Kenya: CBK Takes Baby Steps Towards Launch Of a Digital Currency
Kenya is exploring the possibility of developing and launching a central bank digital currency (CBDC) to settle cross-border payments, as it seeks to ...
Kenya
Kenya: Kwara launches regional offices as it targets thousands of SACCOs across Kenya
Digital banking platform Kwara has announced a regional expansion as part of their rollout across Kenya Kwara has placed permanent regional representatives across Western, ...
Kenya
Kenya: Return of M-Pesa Charges Boosts Safaricom’s Profits
Safaricom recorded a 12.1 per cent net profit jump in the half year ended September, helped by revenue growth as the telco reinstated ...
Kenya
Kenyan edtech startup Craydel raises Sh111.7 million to expand in Africa
Kenyan education technology startup Craydel has announced it has raised Sh110 million ($1 million) to expand outside of Kenya to serve more students ...
Kenya
Kenya: Banks’ bad loans rise to Sh441 billion in August – CBK
Defaults in the Kenyan banking industry rose to Sh441.8 billion in the eight months to August, reversing a decline in the non-performing debt ...
Innovation
Kenya adopts the community networks licensing framework
The Communications Authority of Kenya (CA) formulated a Licensing and Shared Spectrum Framework for Community Networks, with contributions from KICTANet, the entire community, and ...
Innovation
DP World Launches E-Commerce Platform DUBUY.com in Kenya
The wholesale platform brings efficient, reliable B2B eCommerce to Kenya, enabling market access for businesses of all sizes Backed by leading global logistics ...
Kenya
Kenya: Central Bank suspends CRB listing of loans under Sh5 million
Borrowers defaulting on loans of less than Sh5 million will not be blacklisted at the credit reference bureaus (CRBs) while those already blacklisted ...
Kenya
Kenya: Absa loses Supreme Court push in credit card royalties tax duel
Absa Bank has lost a bid to challenge a decision of the Court of Appeal allowing the Kenya Revenue Authority (KRA) to collect a ...
Innovation
Kenya: Equity Ranked Among the World’s 1,000 Biggest Banks
Equity has once again been named among global giants in banking. The Kenyan lender has been ranked position 39 globally on return on ...