Kenya
Kenyan Firm Blacklisted by African Development Bank Over Fraud
Joycot General Contractors Limited has been blacklisted by the African Development Bank (AfDB) for its involvement in fraudulent activities. As a result of ...
Kenya
Kenya: Three Companies Fined KSh 9.4 Million for Data Privacy Violations
The Office of the Data Protection Commissioner (ODPC) has imposed fines totaling KSh 9.4 million on three companies for breaches of personal data. ...
Kenya
Kenya: Safaricom Raises M-Pesa Transaction Limit to KSh 250,000 Following CBK Approval
Safaricom has announced an increase in the transaction limit for each M-Pesa transaction, raising it to KSh 250,000 from KSh 150,000. This move ...
Kenya
Kenya: Andrew Musangi’s Nomination as CBK Board Chairperson Gets National Assembly’s Approval
The National Assembly has given its approval for the nomination of Andrew Musangi as the next chairperson of the Central Bank of Kenya ...
Kenya
Kenya: Safaricom Boosts M-Pesa Transaction Limit to KSh 250,000 Following CBK Approval
Safaricom has raised the transaction limit for each M-Pesa transaction to KSh 250,000, up from KSh 150,000, following the approval of the Central ...
Kenya
Kenya’s First Sukuk Bond Receives Regulatory Approval
Kenya’s Capital Markets Authority (CMA) has granted approval for the issuance of the nation’s inaugural Sukuk Bond by Linzi Finco Trust. This Sukuk ...
Kenya
Kenya: GeoNet Communications Loses Legal Battle Against Safaricom and Regulator
Long-distance telecommunications service provider, GeoNet Communications, has faced defeat in its application to review a decision that dismissed its case by the Multimedia ...
Kenya
Kenya: Naivas Supermarket Faces Potential Sh5 Million Fine for Delayed Reporting of Client Data Theft
Naivas Limited, a local supermarket chain, has come under scrutiny for failing to adhere to data protection regulations by not reporting a customer ...
Kenya
Kenya: Sasra Seeks Treasury Assistance to Recover Unremitted Sacco Deductions from State Entities
The Sacco Societies Regulatory Authority (Sasra) is advocating for the direct deduction of funds allocated by the Treasury to counties, public universities, and ...
Kenya
Kenya Introduces DhowCSD, a Central Securities Depository System
Kenya has launched a state-of-the-art system known as DhowCSD, designed to enable traders in government securities across local, regional, and international financial markets ...
