Bitcoin Mining Powers Rural Settlement in Kenya
Despite its high energy intensity, crypto supporters claim Bitcoin mining can have a positive environmental effect. One project in Kenya shows how it might change the lives of rural communities
Kenya - page 2
Bitcoin-Based Payment Network to Facilitate Remittances to Africa
Strike announced plans to improve remittance payments into Africa via the Lightning Network on Bitcoin, thanks to the partnership with the mobile app Bitnob
IMF biggest credit tranches in 2021
Let’s take a look at the most valuable credit tranches the international Monetary Fund has released in 2021 so far
Africa’s fastest-growing economies in 2021 unveiled
Africa’s economy is forecast to grow at a healthy pace of 3.8% in 2021 driven by rising global demand as COVID-19 restrictions are eased
Businesses in Kenya are reporting positive results amid coronacrisis
This comes as the country makes it easier for businesses to access funding
World Bank considers removing Kenya from high-risk debt list
Based on a projection on exports and economic growth, Kenya’s debt risk profile could improve soon
Kenya’s economic forecast 2021: what’s coming next?
Bader Al Hussain PaySpace Magazine Analyst Similar to the majority of the countries, Kenya also experienced the devastating effects of the COVID-19 pandemic on all spheres of life. On the economic front, the country’s GDP growth decelerated to 1.4 % in 2020 as compared to 5.4% in 2019. The primary drivers of the growth […]
Kenya recorded the highest inflation rate
The rate of inflation has risen significantly in Kenya
Amount of money Kenya lost due to coronacrisis unveiled
Nevertheless, the country will face a slight growth in 2020
Kenyans embrace online shopping since start of pandemic: research
Data, apparel, healthcare, banking, and other FMCG (fast-moving consumer goods) have seen the highest surge of online activity
African Development Bank Group bans Kenyan company over fraud
This move comes due to the company’s engagements in fraudulent activities
Sentimental spending in Kenya is up 240% over past 10 years: research
Kenyans still want to splurge on their loved ones
Kenya Investment Authority developed investment tracking tool
This comes at a time when the demand for public administrative data and statistics increases in the country
Leading neobanks in Africa: top 7 digital-only banks
African neobanks stand out from the crowd by addressing a massive market with challenging economic conditions
Kenyan women enterprises will get $5B funding
Women-owned ventures in Africa will profit from the Africa Development Bank’s funding
Kenya unveils the amount of its national debt
Meanwhile, the country’s borrowing currently is at Ksh 7.1 trillion
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