Biggest Kenyan Bank to Boost Loans
Equity Group Holdings Plc, Kenya’s largest bank by market capitalization, intends to increase lending in the domestic market by 5% in the second half of the current year.
Kenya
Africa’s Participation in Global Blockchain VC Deals Hits New Record
Africa’s emerging influence in the global blockchain industry is reflected in the continent’s highest-ever share of blockchain venture capital (VC) rounds on record.
Leading Fintech Companies in Kenya 2024
Kenya’s standing as a preeminent hub for financial technology in the African continent is unquestionable and well-established. According to the comprehensive African Tech Startups Funding Report 2023, released by Disrupt Africa, Kenya proudly hosts approximately 15% of all fintech firms operating in Africa.
Marathon Digital to Enhance Kenya’s Energy Sector Transformation
Bitcoin mining giant Marathon Digital Holdings will support energy utilization and optimize renewable energy projects across Kenya
Microsoft and G42 Announce Geothermal Data Center in Kenya
Microsoft and G42, a leading AI company in the United Arab Emirates, have joined forces to implement a project that involves the construction of a geothermal-powered data center in Kenya.
Tala Kenya Digital Lender Plans to Diversify Product Portfolio With a Savings Offering
The new saving product targets Tala Kenya’s existing pool of 3.5 million customers, helping the company’s transition from a digital lender to a full-scale financial provider.
Kenya and U.S. to Partner on Developing Green Manufacturing Base
The partners will focus on clean energy, electric vehicle supply chains, and data centers. The new deal will leverage Kenya’s green energy production to help U.S. companies shrink their carbon footprint.
Revolut Launches Cross-Border Mobile Wallets
Digital bank Revolut has introduced a new cross-border money transfer service called Mobile Wallets that redefines remittance experiences, requiring only receivers’ contacts for transactions.
Top 10 Agri-Fintech Startups in Africa
Global stability largely depends on the food security and prosperity of the population. To reduce poverty levels and provide economic security to the dwellers of rural areas, the agriculture sector needs to be properly financed and get access to quality financial services. Agri-fintech startups serve exactly this purpose. In Africa, the need for agri-fintech services […]
Standard Chartered Reduces Its Investments in Government Securities of Kenya
Standard Chartered Bank Kenya Ltd. has reduced the volume of its financial injections in government securities of this East African country by 52% during the period when investment activity allows for significant profits.
Remittance Inflows Surge in Kenya
In October, Kenyans who work and live abroad sent home Sh2.3 billion more than Sh51.89 billion ($340.4 million) in remittance registered in Kenya in September.
E-KYC Surges in Africa
Innovative e-KYC verification solutions are growing in Africa, just as businesses across the continent are increasingly moving online.
Crypto Grows in Africa and MENA as Shield Against Inflation
Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.
Roam Introduces EV Bus to Transform Public Transport in Kenya
Roam’s new shuttle EV bus model Move continues to push for the adoption of electric vehicles in Kenya.
Kenyan President Showcases Africa as Climate Financing Opportunity
Kenyan President William Ruto opened the first climate summit in Africa, drawing hundreds of millions of dollars in climate financing pledges
Kenya to Suspend Sam Altman’s Worldcoin
The Kenyan government is concerned about Worldcoin, the cryptocurrency of OpenAI founder Sam Altman.
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