Kenya - page 2

Fintech & Ecommerce

Unlimit Expands to Kenya

Fintech Unlimit (previously known as Unlimint) expanded its services to the Kenyan market, upon securing a Central Bank of Kenya licence

Fintech & Ecommerce

Kenyan Fintech M-Kopa Raises $250M to Extend Financial and Sustainability Services

M-Kopa will use the new debt and equity funding to expand financial services offering to underbanked consumers across Sub-Saharan Africa, as well as reduce greenhouse gas emissions in Kenya and Uganda


Ecobank Kenya Rolls Out Fingo Africa Financial App for Local Youth

The Fingo Africa app aims to enhance financial inclusion for young people both in Kenya and across the wider African landscape Part of the pan-African banking Group, Ecobank Kenya, launched the Fingo Africa app to enable African youth open bank accounts with their mobile phones. Ecobank has developed the touth-focused app in close collaboration with a […]

Blockchain & Crypto

Kenya Proposes Crypto Transfer Tax

The Kenyan national budget, which will be presented on June 8, proposes a 3% tax on the transfer of digital crypto assets


Fintech Kwara Raises $3M Seed Extension, Partners Over 4,000 Credit Unions

Kenyan fintech Kwara, which turns analogue credit unions into modern digital banks, has raised a $3 million seed extension, preparing for the enormous expansion


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


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 […]

Finance & Economics

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

Finance & Economics

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

Finance & Economics

African Development Bank Group bans Kenyan company over fraud

This move comes due to the company’s engagements in fraudulent activities