CBK Unveils an Integrated Payments System for Inter-bank, Fintech Transactions
The Central Bank of Kenya (CBK) will provide an interoperability platform known as the Fast-Payment System (FPS) to enable customers to send and receive money across different financial institutions. CBK, [...]
Value of Electronic Payment System Jumps to Kshs. 46 Trillion
The value of transaction through Kenya Electronic Payment and Settlement System (KEPSS) jumped in 2023 to Ksh45.5 trillion from Ksh38.1 trillion a year earlier. “The increase in the volume and [...]High Lending Rates Persist Despite CBK Cuts
Borrowers continue to feel the pain of lingering high lending rates despite progressive cuts by the Central Bank of Kenya (CBK). For long term business loans above 5 years, Diamond [...]Kenyan Climate Tech Company TERA Carbon Launches Biochar Facility in Kisumu
A Kenyan climate-focused company, TERA, has initiated a project in Kisumu that will convert agricultural waste into biochar, which is an alternative fertilizer that can enhance soil water retention. Our [...]Treasury Bill Rates Decline as Demand Surges
Interest rates on treasury bills have declined for 10 consecutive weeks, falling to levels last seen in 2023 following the 100 basis points interest rate cuts delivered by the Central [...]Yellow Card raises US$33mn in Series C round to fuel expansion
Yellow Card, an African Cryptocurrency startup, has closed its Series C round after raising US$33 million from different investors led by Blockchain Capital. “This fundraise not only demonstrates our resilience, [...]Banks Tax Contribution Up Ksh 190.3 Bn Despite Growth in NPLs
The Kenyan government is more reliant on tax contribution of banks compared to Tanzania; a new report by Kenya Bankers Association shows. “This means that compared to the Tanzania government, [...]MSMEs Choke under Ksh 70 Billion Pending Bills, Overregulation Kenya Bankers
Banking sector has raised alarm over pending bills and overegulation as key threats to Kenya’s Micro, Small and Medium Enterprise (MSME) sector. As at June, 2024, the scheme had over [...]Best Beaches in Kenya: A Paradise for Digital Nomads
While most travelers flock to famous beaches like Diani and Watamu, Kenya offers a wealth of lesser-known, pristine beaches ideal for every type of traveler. These hidden gems, each with [...]
Best Hotels in Nairobi for Nature Lovers
Nairobi offers a truly unique travel experience, blending urban sophistication with the untamed beauty of nature. Imagine waking up at the Best Hotels in Nairobi to the sounds of exotic [...]East Africa Growth Holdings to Acquire an Extra 5% of IM Bank
East Africa Growth Holding (EAGH) is set to acquire 86.5 million shares of IM Group following a subscription agreement approved by the board of directors of IM. EAGH is willing [...]Kenya's Cyber Attacks Rose by 16.5% Between April and June
Between April and June this year, the Kenyan Cyber space recorded more than 1 billion attacks compared to the 971.4 million threats recorded in the preceding quarter. Malware attacks fell [...]
