Kenya
Kenya: Current account deficit surpasses CBK forecast
Kenya’s current account deficit ended 2021 above the central bank’s projection on the back of higher than anticipated oil prices, defying record diaspora ...
Kenya
CBK fails to implement Uhuru cash directive three months on
Commercial banks are yet to comply with a presidential directive requiring a higher limit for customer cash transaction disclosures, citing delays by the ...
Kenya
Kenya: Kenyan eCommerce firm Copia raises $50 million Africa expansion
Kenyan-based mobile commerce platform and goods distributor Copia Global has raised $50 million from investors to fund its expansion into the rest of Africa, the ...
Kenya
Kenya: CBK Report Reveals How Kenyans Earn in Diaspora Jobs
A new report released by the Central Bank of Kenya (CBK) has revealed how Kenyans in Diaspora make their money that at times run into ...
Kenya
Kenya: CA takes on Safaricom, hints at further cuts in call tariffs
The Communications Authority of Kenya (CA) says the recent cut in mobile termination rates will give smaller telecoms operators a better chance at ...
Kenya
Kenya: Remittance Inflow to Kenya Rises to 3% of GDP
Total remittance inflow to Kenya has increased tremendously in recent years, with total remittances in 2021 reaching a record USD3.718 billion, according to ...
Kenya
Kenya: Kenyan fintech, Zanifu receives $1m, targets Ghana, Uganda expansion
Focused on ensuring efficiency in the purchase and distribution of goods for Kenyans, Zanifu has secured $1,000,000 in seed funding. The investment will ...
Kenya
Kenya: Kenya’s Poa Internet secures $28,000,000 to boost internet connectivity across Africa
Now with a total funding amount of $36,000,000, Poa Internet plans to deepen its reach across Kenya and then expand into other countries in Africa. ...
Kenya
Kenya: TransUnion Africa names new CEO for Kenyan operation
Information and insights company TransUnion Africa has appointed Morris Maina as the new chief executive officer for its rapidly-growing Kenyan operation. According to a statement, Maina will ...
Kenya
Kenya: Kenya Revenue Authority deploys new tech to nab tax-evading property owners
The Kenya Revenue Authority (KRA) has announced it is implementing a block management system that will use geographic information system (GIS) to map ...