It might sound like a conspiracy, but central banks are almost certainly already buying Bitcoin. Here’s why:
Hedging Against Their Own Policies
Nearly all countries are up to their ears in debt. Since austerity measures are not politically acceptable, they must find other…
In a significant move towards a more interconnected digital economy, the Central Bank of Kenya (CBK) has announced plans to develop a new instant payment system, the Fast Payment System (FPS). This groundbreaking initiative aims to streamline financial transactions across all financial…
M-KOPA, a fintech company focused on emerging markets, has appointed Rajeev Suri as the new Chairperson of its Board, effective December 1, 2024.
Suri, who previously served as the CEO of Nokia and Inmarsat, takes over from Elizabeth Littlefield, who has been…
According to local reports, the Kenyan government has announced a new policy that will designate all digital payment systems as virtual electronic tax receipts (ETR) systems starting December 25 2024.
This is the latest measure by the East African nation to boost…
Takeout
The proposed separation of Safaricom and M-Pesa marks a significant development in Kenya's telecommunications and financial services landscape.
The outcome of this legislative battle will have far-reaching implications for the country's digital economy and the future of mobile money services.…
Infiniti n Beyond Limited has been accepted into the Capital Markets Authority Regulatory Sandbox by the Capital Markets Authority of Kenya (CMA Kenya) to test OwnMali, a cutting-edge blockchain-enabled real estate tokenization platform. The most recent blockchain product to be accepted into…
By Ray Youssef, CEO of NoOnes, a P2P marketplace I never imagined that a few days later, I would be fleeing water cannons and tear gas canisters on the streets of Nairobi, Kenya, when I travelled there with some of the NoOnes…
A recent 2023 research states that women hold 42% of cryptocurrency in Kenya, placing the nation first in Africa and third globally in terms of "crypto equality."
In order to examine the discrepancy in gender representation in leadership and influential roles within…
According to reports, WorldCoin, the cryptocurrency and human registration initiative linked to OpenAI CEO Sam Altman, is about to pick back up in Kenya after the police closed an investigation they had launched against the company. According to reports, the policies looked…
Thanks to income from agricultural exports and a decline in importers' need for dollars, the value of the Kenyan shilling (KES) against the US dollar has reached its highest point in 15 months. Early in 2023, Kenya's dollar scarcity caused a 12%…