Kenya: Central Bank Releases Over KSH55B (~ $500M) to Rescue Struggling Local Lenders
The disclosures, contained in CBK's latest annual report, shed light on the behind-the-scenes operations to rescue struggling lenders from sinking.
Opportunity International and Oikocredit Announce $100 Million Impact Investment Agreement to Advance the Education Sector in Low-income Countries
Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda.
List of Digital Lenders Denied CRB Access by Central Bank of Kenya
The question that people have right now is: Which lenders were denied access to the CRBs by the Central Bank?
Kenya: Banks, Mobile Money Agents Are Counting Losses
In response to the economic disruption from COVID-19 pandemic, the Central Bank of Kenya announced a set of directives promoting digital transactions to curb the spread of COVID-19. These directives have significantly impacted the banks and mobile money agencies.
Fintech Credit Provider 4G Capital Adjusts Business Operations to Cope with Coronavirus Outbreak
Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda.
O-CITY Enters Kenya to Drive Contactless Payments Across Matatu Bus Service
Up to 10,000 buses to become cashless with O-CITY's M-Pesa-based ticketing solution.
Kenya’s Mobile Money Use Hits Record High in October Amid COVID-19 Pandemic
Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data showed.
Huawei Cooperates With Kenya Bankers Association To Expand Financial Inclusion
The Kenya Bankers Association will work with Huawei to spearhead industry-wide education in fintech innovation, digital transformation, and other ICT-related programs.
Kenya Turns to Safaricom's M-Pesa Mobile-Money to Stem the Spread of COVID-19
Safaricom announced that all person-to-person (P2P) transactions under KSH 1,000 (≈ $10) would be free starting Tuesday for the next 90 days.