Kenya

Finance & Economics

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.

Blockchain & Crypto

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.

Articles

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.

Blockchain & Crypto

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

News

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.

News

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.

Society & Lifestyle

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.

Fintech & Ecommerce

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.

Fintech & Ecommerce

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 […]

Finance & Economics

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.

Fintech & Ecommerce

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.

Science & Technology

E-KYC Surges in Africa

Innovative e-KYC verification solutions are growing in Africa, just as businesses across the continent are increasingly moving online.

Blockchain & Crypto

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.

News

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.

News

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

Blockchain & Crypto

Kenya to Suspend Sam Altman’s Worldcoin

The Kenyan government is concerned about Worldcoin, the cryptocurrency of OpenAI founder Sam Altman.