Kenya
Kenya receives second tranche of Sh29.2 billion loan from IMF
Kenya has received $258 million (Sh29.2 billion) from the International Monetary Fund (IMF) that is likely to give critical support to the free-falling ...
Kenya
Kenya: Wakanda Acquires Choice Microfinance Bank – CBK
The Central Bank of Kenya (CBK) has announced the acquisition of 85 percent shareholding of Choice Microfinance Bank Limited (Choice MFB) by Wakanda ...
Innovation
Kenya: Safaricom Partners With Google,Transsion to Expand Lipa Mdogo Mdogo Product Range
Safaricom has partnered with Google and Transsion, the company behind TECNO, Infinix, and itel, to enable Kenyans to access more 4G devices under ...
Kenya
Kenyan Startup Wowzi Secures $3.2 Million From 4DX Ventures, Andela Co-Founder to Expand Across Africa
Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to ...
Intelligence
Kenya: Firms in Kenya Less Able to Scale Up Despite Increased Listings – World Bank
Firms in Kenya are less able to scale up despite the increased creation of new firms, World Bank has said highlighting a trend ...
Kenya
Kenya: Tingg by Cellulant Wins Overall Mobile App of The Year at The Mobile App Awards Gala in Kenya
Cellulant unveiled a new brand identity for the Tingg app (formerly Mula) earlier in 2021 Tingg, the all-in-one super payments app, won the ...
Kenya
Kenya: Local banks hold Sh695bn pegged on expiring UK rate
The Central Bank of Kenya (CBK) has revealed that 27 local lenders have an exposure of Sh695.3 billion to the expiring London Inter-Bank ...
Kenya
Kenya: Safaricom waives M-Pesa fees for Sh1bn drought funds
Safaricom will wire Sh1 billion government funds to households in drought-stricken counties free of charge through its mobile money platform M-Pesa. The deal with ...
Kenya
Kenya: CBK approves liquidation of Imperial Bank
The Central Bank of Kenya (CBK) has approved the liquidation of collapsed Imperial Bank, setting the stage for the sale of the lender’s ...
Kenya
Kenya fintech Hisa launches U.S. stocks trading platform for Kenyans
Hisa Technologies has unveiled the Hisa mobile that allows anyone in Kenya to invest in US stocks and ETFs directly from their phones through mobile ...