Kenya
Kenya: Kenyan social commerce startup Tushop raises $3m to scale community group-buying
Kenyan social commerce startup Tushop, which enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured US$3 million in ...
Kenya
Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC
According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means ...
Kenya
Kenya: Top banks urge CBK to reinstate M-Pesa fees
Kenya’s top banks have renewed push for the regulator to reinstate charges on transfers of money between bank accounts and mobile money wallets, ...
Kenya
Kenya: Depositors From Three Banks Under Liquidation to Benefit From Payments From KDIC
The Kenya Deposit Insurance Corporation(KDIC)’ has announced payments to depositors and creditors in collapsed Dubai Bank, Euro Bank, and Kenya Finance Bank as ...
Innovation
OpenWay Scales Up Its Partner Network in East Africa
OpenWay, a top-ranked digital banking and payment software provider, has announced two new implementation partners in East Africa — TechNote Limited, along with ...
Kenya
Kenya: 16 accounts hit banks with Sh40bn defaults
Defaulted loans in the banking sector jumped Sh40 billion in the two months to February on the back of 16 accounts that masked ...
Kenya
Kenya: CBK suspends Ecobank for breaches in forex market
The Central Bank of Kenya(CBK) yesterday suspended Pan African lender, Ecobank from foreign exchange trading—the second such action against a commercial bank in ...
Kenya
Kenya: Central Bank of Kenya Retains Base Lending Rate at 7%
The Central Bank of Kenya has retained the base lending rate at seven percent for the 13th time in a row noting that ...
Kenya
Kenya: Safaricom Customers to Enjoy Up to 100% More Data at No Extra Cost
Safaricom has announced a revamp of its data plans with both prepay and postpay customers set to enjoy up to 100pc more data ...
Kenya
Kenya: Telkom Lands Sixth Submarine Cable in Kenya
Telkom and the PEACE Cable Company have successfully landed the sixth submarine cable in Mombasa worth Sh48.8billion. Named the PEACE Cable, it is ...
