Kenya
Kenya Achieves Significant Progress in Government Service Digitalization
The Ministry of Information, Communication, and Technology in Kenya has reported a major milestone in the digitization of government services. According to its ...
Kenya
Kenyan Cabinet Approves Amendments to Anti-Money Laundering and Terrorism Financing Laws
In a strategic move aimed at bolstering the nation’s financial integrity, the Kenyan Cabinet has given its approval to the Anti-Money Laundering and ...
Kenya
Kenya: Safaricom’s M-PESA Service Faces Downtime in Kenya, Impacting Bank-to-Mobile Money Transfers
Safaricom’s popular mobile money service, M-PESA, experienced a significant outage in Kenya, causing disruptions in bank-to-mobile money transfers. The operator has yet to ...
Kenya
Kenya: Safaricom’s M-PESA to Compete with Ethio Telecom’s Telebirr as it Plans Entry into Ethiopia
Safaricom, the Kenyan telecommunications giant, made its official entry into Ethiopia in 2022, but its highly lucrative mobile money service, M-PESA, is yet ...
Kenya
Kenya and China Pledge to Strengthen Cooperation for Economic Growth
Kenya is determined to bolster its partnership with China to drive economic growth and development in the country. President William Ruto emphasized the ...
Kenya
Kenya’s Common Reporting Standard (CRS) Enhances Tax Transparency and Access to Offshore Bank Accounts Information
Kenya has taken a significant step towards improving financial transparency and combating tax evasion with the introduction of the Common Reporting Standard (CRS). ...
Kenya
Kenya: Smartphone Shortage in Kenya as KRA Intensifies Tax Regulations
Kenyan smartphone vendors are facing challenges as taxation measures and supply shortages impact prices and availability of devices in the market. The Kenya ...
Kenya
Kenya: Fitch Downgrades Kenya’s Rating to Negative Amid High Debt Repayment Concerns
Global credit rating firm Fitch has downgraded Kenya’s rating from stable to negative, citing concerns over the country’s elevated debt repayment obligations. In ...
Kenya
Kenya: IMF Approves $1 Billion Loan to Kenya Amid Growing Debt Concerns
Kenya is grappling with a challenging economic situation characterized by unsustainable borrowing, rising debt servicing costs, and limited revenue generation. Despite widespread criticism ...
Kenya
Kenya: Kenya Gets $415mn IMF Loan
Kenya has been granted access to raise a $145.4 million loan from the International Monetary Fund (IMF) after the executive board completed the ...