Kenya
Kenya: CBK raises cost of loans to rein in inflation
The Central Bank of Kenya has signalled lenders to raise borrowing costs in a bid to rein in expectations of runaway inflation amid ...
Kenya
Kenya: Treasury overdraft in CBK hits Sh67.33bn as cash crunch bites
The Treasury has increased the use of emergency loan facilities at the central bank to fund critical government expenditures, pointing to biting cash ...
Innovation
Kenya: Copia Global Announces Partnership with Cellulant to Enable Payments for its Diaspora and Urban Customers
This partnership enables Copia’s diaspora and urban customers to conveniently initiate transactions and purchases for their loved ones in rural areas in Kenya ...
Kenya
Kenya: NSSF names acting boss as Omerikwa exits after 7 years
The State-controlled National Social Security Fund (NSSF) has appointed an acting managing trustee to replace Anthony Omerikwa who left the position Monday after ...
Kenya
Kenyan legislation establishes crypto taxation, creates consumer protections
The country’s first effort at crypto regulation amends its Capital Markets Law to define crypto as a security and establish reporting, tax and ...
Kenya
Kenya: JPMorgan officially registers a cryptocurrency wallet trademark
American banking giant JPMorgan (NYSE: JPM) continues to advance in the cryptocurrency sector, with the lender showing its intent to explore different products ...
Kenya
Kenya: Safaricom to Introduce Bonga Points Expiry from 2023
Safaricom has announced that Bonga Points will now be expiring, starting from January 1st, 2023. The loyalty program has been around for more ...
Kenya
Kenya: Bill sets up KRA tax dragnet for 4m cryptocurrency users
The Kenya Revenue Authority (KRA) will go after the more than four million Kenyans who own cryptocurrencies if MPs approve changes to the ...
Kenya
Kenya: Equity picks Uganda unit MD as Group operations chief
Equity Group has appointed Uganda subsidiary managing director Samuel Kirubi as the Group’s chief operations officer to help scale up the lender’s processes ...
Kenya
Kenya: Consolidated Bank taps ex-KCB director as CEO
Consolidated Bank of Kenya has picked former KCB Bank Kenya director for mortgage business Sam Muturi as the new chief executive effective Friday ...