Kenya
Kenya: Digital lenders have six months to acquire license
Kenya’s president signs new law to police digital lenders, apps have six months to apply for licenses Getting loans in banks can be ...
Kenya
Kenya: Workpay partners with Kwara to offer streamlined HR & Payroll services to SACCOs in Kenya
The partnership will enable SACCOs to efficiently manage their Human Resource operations in one platform Digital banking fintech startup Kwara (www.Kwara.com) has partnered ...
Kenya
Kenya: B2B MarketForce joins hands with Cellulant for African expansion
The Kenya-based B2B retail and financial services distribution MarketForce has partnered with local fintech Cellulant to expand the first’s RejaReja super app into five additional African ...
Kenya
Kenyan agri-tech startup Shamba Pride raises $1.1m funding round
Kenyan agri-tech startup Shamba Pride has raised a US$1.1 million funding round to support its expansion across the country and roll out its ...
Kenya
Kenya Power plans to connect rural homes with high-speed Internet
State utility firm Kenya Power, is looking to capitalise on the rapidly increasing mobile data use in the country by connecting millions of ...
Kenya
Kenya: KCB cancels acquisition of Tanzanian bank
KCB Group has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. KCB in late November last ...
Kenya
Kenya: Sh27bn bad loan cut drives top banks’ profits
Kenyan top banks saved up to Sh27.2 billion in the nine months to September on lower costs of handling defaults as borrowers resumed ...
Kenya
Kenya: CBK will not cap interest rates charged by digital lenders
Central Bank of Kenya (CBK) will not cap interest rates charged by digital lenders who might soon be put under the financial regulator’s ...
Kenya
Kenya: ViewTech gets CBK nod to take on M-Pesa
Nairobi-based electronic payments firm ViewTech has been authorised by the Central Bank of Kenya (CBK) to facilitate in-person payments through the mobile phone ...
Kenya
Kenya: Digital lenders cut credit to Kenyans after CBK directive
Digital lenders have reduced lending by nearly half to shield themselves from higher defaults. This is after the Central Bank of Kenya (CBK) ...