Innovation
Kenya Unveils First Crypto Regulation Bill to Govern ICOs, Stablecoins, and Digital Asset Platforms
In a landmark move signaling a shift in its digital finance strategy, Kenya has introduced its first comprehensive legislation to regulate the cryptocurrency ...
Kenya
IMF Review: Kenya Confronts Intensified External Financial Risks – Fitch
Kenya’s financial landscape is facing mounting external risks following the cancellation of its ninth and final review under the current Extended Fund Facility ...
Fintech
Kenya: Lipa Later Placed Under Administration Amid Financial Turmoil and Failed Fundraising
Kenyan buy-now-pay-later (BNPL) fintech Lipa Later has officially entered administration as of March 24, 2025, following prolonged financial struggles and unsuccessful fundraising efforts. ...
Kenya
Kenya’s Digital Lending Boom Fuels Financial Inclusion and Economic Growth
A recent report by the Digital Financial Services Association of Kenya (DFSAK) reveals that Kenyans borrow approximately $3.85 million (Ksh 500 million) daily ...
Fintech
Global: dLocal Expands Google Play Payment Options in Kenya with Airtel Mobile Money Integration
Global payment solutions provider dLocal has partnered with Airtel Mobile Money to enhance digital payment accessibility for Google Play users in Kenya. This ...
Kenya
Kenyan Court Dismisses Lawsuit Alleging Safaricom Stole “Reverse Call” Concept
A Nairobi court has ruled in favor of Safaricom, dismissing a lawsuit filed by Davidson Ivusa, a Kenyan innovator who accused the telecom ...
Fintech
Nigeria’s NIBSS and Ceva Compete for Kenya’s Fast Payment System Project
Nigeria’s Interbank Settlement System (NIBSS) and Kenyan payment solutions provider Ceva Limited are actively lobbying Kenyan President William Ruto to secure the contract ...
Fintech
Kenya: Airtel Money Expands Market Share as M-PESA Sees Fifth Consecutive Decline
Kenya’s mobile money landscape is undergoing a significant shift as M-PESA experiences its fifth consecutive quarterly decline in market share. Increased competition from ...
Kenya
Kenya: Safaricom’s M-PESA Slips Again as Airtel Money Gains Ground
Safaricom’s M-PESA continues to face mounting competition in Kenya’s mobile money sector, recording its fifth consecutive quarterly decline in market share as rival ...
Fintech
Kenya: KCB Bank Introduces Kenya’s First Platinum Multi-Currency Prepaid Card in Partnership with Compass Plus Technologies
KCB Bank Kenya has launched the country’s first platinum multi-currency prepaid card, developed in collaboration with Compass Plus Technologies, marking a significant advancement ...
