Kenya
Kenya: Court stops tenfold rise in NSSF deductions to Sh2,000
The High Court has stopped the bid to increase monthly contributions to the National Social Security Fund (NSFF) ten-fold up to Sh2,068 after ...
Kenya
Kenya: CBK directs all unregulated Digital Lenders to Cease Operations
The Central Bank of Kenya (CBK) announces that the transition period for all operating unregulated Digital Credit Providers (DCPs) to apply to CBK ...
Kenya
Kenya: After Tanzania, Uber and Bolt to face regulatory hurdles in Kenya
Earlier in April 2022, when Tanzania’s Land Transport Regulatory Authority (LATRA) introduced a mandatory 15% for all ride-hailing companies in the country, Uber ...
Kenya
Kenya: Equity Group Ranked as the Most Attractive Bank in Kenya
Equity Group Holdings has been ranked as the most attractive bank in Kenya in the Cytonn H1’2022 banking sector report, backed by a ...
Kenya
Kenya: Equity closes deal to acquire teachers-owned Spire Bank
Equity Bank has concluded negotiations to buy Spire Bank, setting the stage for the signing of a deal that is expected to get ...
Kenya
Kenya: Jeremy Awori Leaves Absa Bank After Nearly 10 Years
Jeremy Awori, Absa Kenya’s long-serving CEO, is leaving the bank. On September 8, 2022, the Board of Absa Bank Kenya PLC announced that ...
Kenya
Kenya: Three sectors account for 54pc of Kenyan banks’ bad loans
Three sectors — trade, real estate and manufacturing — account for more than half (54 percent) of the Sh514 billion bad loans held ...
Kenya
Kenya: What regulated mobile digital lending market will look like
Players in the digital loans industry now have two weeks left to apply for licences as consumers move into a new era where ...
Kenya
Kenya: Kenya Power blocks banks, shops from selling tokens
Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing ...
Kenya
Kenya: DPO Group Receives License to Operate as a PSP in Kenya
DPO Group Kenya has received the official approval from the Central Bank of Kenya to operate as a Payment Service Provider (PSP) in ...