Central Bank of Kenya Says Stance against crypto unchanged
The governor of the Central Bank of Kenya Dr Patrick Njoroge said on Thursday that the bank's position on the unrestricted use of cryptocurrencies like Bitcoin in Kenya remains unchanged. [...]
Fourth edition of Africa Tech Summit set to take place live in Nairobi on Feb 23-24th
The African tech ecosystem will finally have the opportunity to connect again in person at the fourth edition of Africa Tech Summit taking place in Nairobi, Kenya on February 23-24, [...]
GamStop Alternatives Available to Kenyan Players
Gambling in Kenya is more than just popular it is one of the activities a lot of different people enjoy and love. It is legal as well and all forms [...]Callers to Enjoy Cheaper Inter-network Calls as CA Trims Termination Rates From January 2022
Callers in Kenya will enjoy cheaper inter-network call rates from January 1 2022 after the Communications Authority of Kenya (CA) capped the costs which operators charge to connect and terminate [...]IMF Approves $1.4 Billion Bailout for Zambia
The IMF, under the Extended Credit Facility (ECF), has finally approved a three-year lending programme worth $1.4 billion bailout for Zambia, seeking to help the country to restructure its extensive debts. [...]Kenya's November Inflation Drops to 5.8%
Kenya's November inflation rate slowed down to 5.8% from 6.45% in October, the lowest rate since April this year, occasioned by a decrease in the prices of food and non-alcoholic [...]Kenya in the final stages of implementing AfCFTA
Kenya’s negotiators and implementers are in the final stages to make the Africa Continental Free Trade Area (“AfCFTA”) a reality for many Kenyan businesses. “Access to relevant and timely information [...]Kenya's Treasury to Merge More Debt-Distressed State Corporations
Kenya's National Treasury has said plans are at advanced stages to merge Industrial and Commercial Development Corporation(ICDC), Industrial Development Bank(IDB) and Tourism Finance Corporation. The new outfit, Kenya Development Corporation, [...]
Gov't to Offer 3rd Economic Stimulus Package Worth KSh26.2 Billion
The Government of Kenya has announced plans to offer a third economic stimulus package worth KSh26.2 billion, seeking to aid the recovery of key economy sectors affected by the global COVID-19 pandemic. [...]Kenya's Economic Growth Rebounds by 10.1% in Q2, 2021
Kenya recorded an accelerated growth in Gross Domestic Product (GDP) of 10.1% compared to a contraction of 4.7% in the same quarter of 2020. According to the latest statistical report [...]Kenya explores Central Bank Digital Currency for cross-border payments
Kenya is exploring the use of central bank digital currency (CBDC) to settle cross-border payments according to the country's Central Bank Governor Dr Patrick Njoroge. A Central bank digital currency [...]Uganda Loses $720 Million on the Back of New 5% Tax on Gold Exports
Uganda has lost an estimated $720 million in missed gold exports since July this year as exporters boycott a new tax. In April, the government imposed a levy of 5% [...]
