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 ...
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 ...