Kenya
Telkom Kenya cleared of irregular privatisation
Telkom Kenya has been cleared of allegations of irregular privatisation, conflict of interest and restructuring of the company’s balance sheet by Ethics and ...
Kenya
Kenya’s Mobile Money Transactions Climb to KSh5.2 Trillion in 2020
According to data retrieved from the Central Bank of Kenya, the value of mobile money transactions rose to the highest level on record, ...
Kenya
Kenya’s Central Bank Gears Up For Open Banking in New 5-Year Strategy
The Central Bank of Kenya has published its 2021-2025 vision and strategy document which sets the agenda on the future of the country’s ...
Kenya
Value of agency banking in Kenya jumped up by 18.75% marking Sh900bn increase
The value of agency banking transactions jumped by 18.75 percent to Sh5.7 trillion in the year ended June 2020, new Central Bank of ...
Kenya
O-CITY Drives Contactless Bus Payment Initiative in Kenya
O-CITY is driving contactless payments across bus services in Nairobi, Kenya. The pilot initiatve, designed to reduce the use of cash in response ...
Kenya
Safaricom launches M-Pesa service for small businesses
The new service feature, ‘Pochi la Biashara’, allows business owners who do not have a Lipa na M-Pesa line to receive money from ...
Startup
Kenyan mobility startup Data Integrated raises funding from Toyota Tsusho
Kenyan startup Data Integrated, which provides matatu cooperatives with bus management and digital ticketing systems, has raised an undisclosed amount of funding from ...
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 ...