Kenya
Kenya Seeks to Introduce Cashless Payments in public transport
Kenyan’s National Transport and Safety Authority (NTSA) plans to introduce a cashless payment system in public transport. The authority recently called for bids ...
Kenya
Only 10% of Transactions in Kenya go through digital Channels – Agnes Gathaiya
The CEO of PesaLink Kenya, Agnes Gathaiya had stated that only 10% of the total value traded every day goes through digital channels. She ...
Kenya
Blockchain-based P2P remittances startup launched in Kenya
Kenyan startup BitLipa has launched a peer-to-peer (P2P), borderless remittances network that allows wallet-holders to send money anywhere in the world. Formed at ...
Kenya
Pension schemes in Kenya back new home buying plan
Pension schemes in Kenya have backed a new proposal that will allow members access up to 40 per cent of their savings to ...
Kenya
Kenya led with largest number of bank accounts of 42million in 2019 – Agnes Gathaiya
Kenya played a leading role in the democratization of payments in Africa with the successful implementation of M-pesa and other instant payment schemes, ...
Kenya
Kenya mortgage laws review to pave the way for pension house loans
The pension industry regulator says mortgage loans regulations are undergoing a review to allow scheme members to use a slice of savings to ...
Kenya
Kenya Revenue Authority gets back powers to spy on tax evaders
The Kenya Revenue Authority (KRA) has regained powers to seek workers’ and businesses’ financial transactions from third parties like banks, mobile telephone firms ...
Kenya
Kenya financial regulator signals cheaper loans with benchmark rate cut
The Central Bank of Kenya (CBK) has signalled commercial banks to cut the cost of loans amidst pandemic, after it lowered its benchmark ...
Regulatory
Kenya lowers Value Added Tax (VAT) to cushion COVID-19 effects on the economy
Kenya recently cut down the value-added tax rate to 14 per cent from 16 per cent as part of a series of measures ...