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 ...
Kenya
Kenya: Absa Bank Kenya Introduces ‘Buy Now, Pay Later’ Feature for Cardholders
Absa Bank Kenya has introduced a new feature called ‘Buy Now, Pay Later (BNPL)’ that enables its cardholders to make payments in installments ...
Kenya
Kenya: Absa and Visa Collaborate to Empower SMEs with Digital Payment Solution
Absa Bank Kenya has joined forces with Visa to deliver digital payment solutions to small and medium-sized enterprises (SMEs). Through the introduction of ...
Kenya
Kenya: Court Freezes 45 Bank Accounts Of Flutterwave
A court in Nairobi, Kenya has frozen 45 bank accounts and 10 mobile money wallets belonging to Flutterwave, a Nigerian-owned financial technology firm ...
Kenya
Kenya: CBK, Bankers Association Roll Out Financial Literacy Campaign to Encourage Saving Culture
The Kenya Bankers Association (KBA) is working with the Central Bank of Kenya (CBK) to encourage a saving culture among Kenyans. Of target ...