Kenya
Kenya Finance Bill 2024 Advances Amid Public Outcry
The Finance Bill 2024, initially presented in parliament in May, has passed its second reading, despite significant public opposition. The bill proposes increased ...
Kenya
Kenya: Safaricom and Pezesha Unveil New Loan Service for Small Businesses
Safaricom, Kenya’s leading mobile network operator, has partnered with digital lender Pezesha to introduce a new credit service for small business owners. This ...
Kenya
Kenya’s Tax Burden to Rise by Ksh.1 Trillion by 2027
The Kenya Kwanza administration’s ambition to increase the tax to Gross Domestic Product (GDP) ratio will result in a significant increase in the ...
Kenya
Kenya Increases Minimum Bank Capital Tenfold to Align with Regional Peers
The Central Bank of Kenya (CBK) will significantly raise the minimum capital requirement for commercial banks, increasing it tenfold to $77.8 million (KES ...
Kenya
Kenya: IMF Approves New Ksh.126 Billion Funding for Kenya
After an unusually long wait, Kenya has secured a staff-level agreement with the International Monetary Fund (IMF), unlocking the disbursement of USD 976 ...
Kenya
Africa: Kenya to Issue Payment Licenses- Flutterwave, Chipper Cash Leading the Queue
The Central Bank of Kenya (CBK) is set to issue payment licenses to fintech startups, marking a significant shift that will open up ...
Kenya
Kenya: Fintech Firm PayAngel Commends Kenya for Innovation Leadership
UK-based fintech company PayAngel has praised Kenya for its impressive advancements in becoming a technological powerhouse in Africa. At the Forty Under 40 ...
Kenya
Kenya Unveils Ambitious Plans for Digital ID and Biometric Passports
Kenya is making significant strides in its digital transformation journey, with the introduction of the new generation Maisha Namba digital ID and plans ...
Kenya
Kenya: Payless Africa Unveils Youth-Centric Payment Platform for Kenyan Market
Payless Africa, a leading fintech company specializing in digital financial solutions, has officially introduced its youth-centric payment platform in Kenya. Through its mobile ...
Kenya
Kenya: Fintech Association of Kenya Appoints Frank Molla to Advisory Board
The Fintech Association of Kenya (FINTAK) has announced the addition of Frank Molla, the Managing Director of MDP Africa, to its advisory board ...