Kenya
Kenyan Supply Chain and Logistics Startup Leta Secures $3M
Kenyan supply chain and logistics startup Leta has secured a $3M pre-seed equity round led by 4Di Capital, Chandaria Capital, Chui Ventures, PANI, ...
Kenya
Kenya: Tax refund claims hit Sh109bn
Kenya Revenue Authority (KRA) says outstanding tax refunds have hit Sh109 billion, hitting businesses’ cash flow. Tax refund claims rose by Sh3.2 billion ...
Kenya
Kenya: CBK Brings Back Charges On Transfers Between Banks And Mobile-Money Accounts
The charges are set to be restored from January 1, 2023 and follows discussions and lobbying between the CBK, banks and payment service ...
Kenya
Kenya: CBK reinstates bank M-Pesa fees in a big win for lenders
The Central Bank of Kenya (CBK) has announced the reinstatement of charges on transfers of money between bank accounts and mobile money wallets ...
Kenya
Kenya: Equity’s takeover of Spire the best way out, says CBK
Equity Bank plan to buy struggling Spire Bank is the best deal available in the market, the Central Bank of Kenya told Parliament. ...
Kenya
kenya: Collapsed US crypto firm FTX put billions in 3 Kenyan firms
Crypto exchange FTX and its sister company Alameda Research, which have filed for bankruptcy in a United States court, invested billions in at ...
Kenya
Kenya: Dollar crisis earns Kenya banks Sh52bn amid consumer woes
Commercial banks’ earnings from foreign exchange trading for nine months through September nearly doubled on higher demand for the dollar amid widening margins. ...
Kenya
Kenya: Africa’s Leading Data Analytics Company, Periculum Launches Utambuzi in Kenya
Utambuzi has launched in Kenya. Utambuzi, which means ‘insights’ or ‘diagnosis’ in Swahili, is a personal finance management product that leverages machine learning ...
Kenya
Kenya: How Google Play changes will affect digital lenders
Digital lenders in Kenya will have to file a self-declaration form and license from the Central Bank of Kenya (CBK) with the tech ...
Kenya
Kenya: CBK eyes World Bank loans to boost forex reserves
Kenya is eyeing loans from the International Monetary Fund (IMF), the World Bank Group and rich countries to lift its foreign-exchange reserves that ...