Kenya
Kenya: Sanlam Kenya Adopts Financial Engineering Strategy to Accelerate Growth and Profitability
Sanlam Kenya, a listed non-bank financial solutions provider, has developed a strategic plan to enhance growth and profitability. During the firm’s 78th Annual ...
Kenya
Kenya: Central Bank of Kenya Licenses 7 Additional Digital Credit Providers
Since March 2022, the Central Bank of Kenya (CBK) has received 550 applications for digital credit provider (DCP) licenses, up from 480 applications ...
Kenya
Kenya’s President Sends Controversial Finance Bill 2024 Back to Parliament
Kenya’s Finance Bill 2024, initially introduced in May, successfully passed its second reading in Parliament with a majority vote of 205 to 115, ...
Kenya
Kenya: Suspected Chinese Hackers Target Kenya Government Agencies
Recent cyberattacks on Kenya’s government agencies have been linked to suspected Chinese hackers. These attacks exploited vulnerabilities in SoftEther enterprise virtual private network ...
Kenya
Kenya Finance Bill 2024 Advances Amid Public Outcry
The Finance Bill 2024, initially presented in parliament in May, has passed its second reading, despite significant public opposition. The bill proposes increased ...
Kenya
Kenya: Safaricom and Pezesha Unveil New Loan Service for Small Businesses
Safaricom, Kenya’s leading mobile network operator, has partnered with digital lender Pezesha to introduce a new credit service for small business owners. This ...
Kenya
Kenya’s Tax Burden to Rise by Ksh.1 Trillion by 2027
The Kenya Kwanza administration’s ambition to increase the tax to Gross Domestic Product (GDP) ratio will result in a significant increase in the ...
Kenya
Kenya Increases Minimum Bank Capital Tenfold to Align with Regional Peers
The Central Bank of Kenya (CBK) will significantly raise the minimum capital requirement for commercial banks, increasing it tenfold to $77.8 million (KES ...
Kenya
Kenya: IMF Approves New Ksh.126 Billion Funding for Kenya
After an unusually long wait, Kenya has secured a staff-level agreement with the International Monetary Fund (IMF), unlocking the disbursement of USD 976 ...
Kenya
Africa: Kenya to Issue Payment Licenses- Flutterwave, Chipper Cash Leading the Queue
The Central Bank of Kenya (CBK) is set to issue payment licenses to fintech startups, marking a significant shift that will open up ...