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) ...
Innovation
Kenya: UNICEF and Liquid Intelligent Technologies launch a partnership to help Giga bridge the digital divide in Africa
The partnership will initially focus on Kenya but will aim to incorporate other Liquid markets over time UNICEF and Liquid Intelligent Technologies (www.Liquid.Tech), ...
Kenya
Kenya: CBK retains base lending rate at 7%
The Central Bank of Kenya (CBK) on Monday retained the base lending rate at 7 percent for the eleventh time in a row ...
Kenya
Safaricom opens bids for Kenya Power high-tech system installation
Telecoms operator Safaricom is inviting bids for companies to install high-tech, anti-theft systems and smart electricity meters for state utility company Kenya Power’s consumers. The ...
Kenya
Kenya: EIB Opens Africa Hub, Back Private Sector Recovery With Fund
On his first official visit to Africa since the start of the COVID-19 pandemic, European Investment Bank (EIB) President Werner Hoyer and Vice ...