Fintech
Kenyan Fintech Associations Unite to Form The FinTech Alliance
In a groundbreaking move for Kenya’s financial technology sector, five major representative associations have come together to establish The FinTech Alliance (TFA), a ...
Kenya
Kenya Moves to Regulate Cryptocurrencies with Draft Legislation
Kenya is taking significant steps toward regulating cryptocurrencies by drafting a comprehensive legislative proposal, signaling a strategic departure from previous cautionary advisories issued ...
Kenya
Kenya’s Telecom Regulator to Increase Satellite ISP Licensing Fees by Over 800%
Kenya’s Communications Authority (CA) has proposed a dramatic increase in the 15-year licensing fees for satellite Internet providers (ISPs), raising the cost from ...
Kenya
Kenyan Banks to Lower Lending Rates in Line with CBK Directive
In a move aimed at boosting economic growth and easing financial strain on borrowers, Kenyan commercial banks will lower their lending rates beginning ...
Kenya
Kenyan Fintech Leader Leja Processes $2 Billion in Transactions in 2024
Kenyan fintech startup Leja has achieved a groundbreaking milestone, processing $2 billion in business-to-business (B2B) payments within just one year of launching its ...
Kenya
Kenya Refutes Claims of Unauthorized Citizen Tracking and Surveillance
Kenya’s government has dismissed allegations of unauthorized tracking and monitoring of citizens in partnership with mobile service providers. Speaking on the issue, a ...
Kenya
Kenya Cuts Benchmark Interest Rate to 12% to Boost Private Sector Credit
The Central Bank of Kenya (CBK) has reduced its benchmark interest rate by 75 basis points to 12% in its October 8, 2024, ...
Kenya
Kenya: Tappi Partners with Safaricom M-PESA to Digitize 650,000 Kenyan SMEs
Kenyan digital commerce startup Tappi has partnered with Safaricom’s M-PESA to deliver innovative digital tools to over 650,000 small and medium-sized enterprises (SMEs) ...
Kenya
Kenya Revenue Authority Set to Launch WhatsApp Chatbot for Tax Invoicing
The Kenya Revenue Authority (KRA) is set to unveil a WhatsApp chatbot designed to help small business owners generate electronic tax invoices directly ...
Kenya
Kenya: Bank of Kenya Migrates National Payment System to ISO20022
In a significant step towards modernizing Kenya’s financial infrastructure, the Central Bank of Kenya (CBK) has successfully migrated the national payment system to ...
