Kenya
Kenya: HoneyCoin Raises $4.9M to Accelerate Payment Infrastructure Expansion Across Emerging Markets
Kenyan fintech HoneyCoin has secured $4.9 million in seed funding to expand its stablecoin-powered payment infrastructure across Africa, Latin America, and Asia. The ...
Kenya
Kenya: Safaricom Integrates PayPal Withdrawals into M-PESA App to Empower Kenya’s Digital Workforce
Safaricom has enhanced its M-PESA super app with a new feature that allows users to withdraw funds directly from PayPal, streamlining access to ...
Kenya
Kenya’s Central Bank Engages Top Banks as Market Makers in Treasury Bond Reforms
The Central Bank of Kenya (CBK) is spearheading a pivotal reform in the country’s bond market by designating top-tier local banks as market ...
Kenya
Kenya: Safaricom Closes Multi-Year Router Loophole That Enabled Free Fibre Internet Access
Safaricom has quietly resolved a long-standing vulnerability in its Home Fibre network that allowed thousands of users to access broadband services without paying ...
Kenya
Kenya: Safaricom Appoints Frankline Okata as Chief Enterprise Officer in Executive Overhaul
Safaricom has named Frankline Okata as its new Chief Enterprise Business Officer, succeeding Cynthia Karuri-Kropac, in a significant leadership reshuffle aimed at accelerating ...
Kenya
Kenya: M-PESA’s Market Share Declines for Sixth Straight Quarter as Airtel Money Rises
Safaricom’s mobile money platform, M-PESA, has experienced a continued decline in market dominance, marking its sixth consecutive quarterly drop, according to new data ...
Kenya
Kenya: Access Bank Completes Acquisition of National Bank of Kenya from KCB Group
Access Bank Plc has officially acquired National Bank of Kenya (NBK) from KCB Group Plc, following the successful completion of all regulatory approvals ...
Kenya
Kenyan Banks Push Back Against CBK’s Proposed Credit Pricing Model
Kenyan commercial banks have voiced strong opposition to the Central Bank of Kenya’s (CBK) proposed loan pricing framework, which seeks to anchor lending ...
Innovation
Central Bank of Kenya Ends Decade-Long Ban on New Banking Licences to Strengthen Regulatory Framework
The Central Bank of Kenya (CBK) has officially lifted its 10-year moratorium on the licensing of new commercial banks, signaling a renewed phase ...
Fintech
Kenya Approves Access Bank’s Acquisition of National Bank, Signaling Shift in Regional Financial Dynamics
The Central Bank of Kenya (CBK) and the National Treasury have formally approved the acquisition of the National Bank of Kenya (NBK) by ...
