Kenya
Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos
The Central Bank of Kenya, or CBK, has reportedly started discussions with international central banks to explore the possibility of entering the central ...
Kenya
Kenya unveils first diaspora investment fund
Kenya has introduced its first licensed investment fund for citizens living overseas, in a move that is expected to channel more of the ...
Kenya
Kenya’s Banking Giants Lift Lending Provisions in H1
Equity and KCB both lifted provisions in the first six months of 2020 to brace with the harsh economic environment that has severely ...
Kenya
M-Pesa: A Case Study in Financial Inclusion
When tech thought leaders aren’t trying to vaguely explain to why their current product needs a token, they’re talking about financial inclusion and ...
Kenya
Kenya Could See More Loan Defaults Due to COVID
There are all indications that commercial banks will experience a significant increase in the number of loan defaulters as the global coronavirus pandemic ...
Kenya
Central Bank of Kenya Approves Co-op Bank’s 90% Stake Acquisition in Jamii Bora
Cooperative Bank of Kenya has received all the necessary approvals to purchase 90% ownership in Jamii Bora Bank. The acquisition will take effect ...
Kenya
Kenya: Equity hedges Sh2bn in Kenyan Bank acquisition (DRC Bank)
Equity Group will pay the final Sh2.1 billion for its acquisition of a majority stake in DRC’s Banque Commerciale Du Congo after two ...
Kenya
Central Bank of Kenya Extends its COVID-19 Emergency Mobile Money Measures
The Central Bank of Kenya announced that it will extend the measures placed on mobile money transactions put forth back in March. Charges for mobile ...
News
Standard Chartered Bank Kenya to close T-Mall branch in digital push
Standard Chartered Bank Kenya will shut down its T-Mall branch along Lang’ata Road in Nairobi in September as it continues to push customers to ...
Kenya
Kenya plans to enforce taxes on Google, Netflix, digital services
Kenya is now putting the final touches to plans to collect taxes on digital platforms like Google and Netflix. The proposed income tax ...