Kenya Archives - Page 2 of 5 - Cryptotimes Africa

News

LAUNCH | M-PESA and Pezesha Introduce Mkopo Wa Pochi, a Kenyan Small-Business Lending Service

by Crypto Oracle June 20, 2024

According to reports, M-PESA and Pezesha, two Kenyan fintech companies, are teaming up to introduce Mkopo wa Pochi, a new credit facility that would let small business owners borrow money straight from their M-PESA business accounts. Mkopo wa Pochi, which will supplement…

News

Mastercard, Wowzi, and Masria Digital Payments Unveil $2.04 Million Partnership to Empower African Content Creators

by Terry Kunle June 8, 2024

In a groundbreaking move, Mastercard, Wowzi, and Masria Digital Payments (MDP) have announced a 5-year partnership worth $2.04 million to empower content creators across Africa. This innovative collaboration aims to simplify finances, offer exclusive perks, and introduce wearable payment solutions for creators.…

News

Around Africa: Kenya, Vodafone, and Ghana Lead the Way Around Africa, MaskEx is Calling All Nigerian Students

by Terry Kunle May 13, 2024

Africa is making significant strides in the world of digital assets, with Kenya, Vodafone, and Ghana all taking pioneering steps. Quick Summary Kenya Partners with Bitcoin Miner: Kenya has announced a strategic partnership with Marathon Digital to develop cryptocurrency policies and address…

News

LemFi Receives CBK Approval to Facilitate Remittances to Kenya, in partnership with Wapi Pay

by Terry Kunle April 13, 2024

LemFi has received Centyra Bank of Kenya’s (CBK) approval to start operating remittances to kenya. This is a significant step as it will allow seamless international payments for Kenyans in the diaspora. Kenyans in the US and Canada can now send money…

News

Regulation | After “Significant Forex Losses,” Kenya’s Major Electric Utility Parastatal Receives Legal Approval to Accept Payments in Dollars

by Crypto Oracle February 28, 2024

Kenya Power Company, whose recent performance has been negatively impacted by foreign exchange losses, has achieved a major victory with the regulator and government approving it to bill some of its customers in U.S. dollars. Local reports state that the business is…

News

RULES | Namibia and Kenya The Financial Action Task Force (FATF) has added new African countries to its Grey List.

by Crypto Oracle February 26, 2024

Kenya and Namibia have been added to the Financial Action Task Force's (FATF) "grey list" of nations that need closer scrutiny because of insufficient steps taken to prevent money laundering and the funding of terrorism. Kenya and Namibia were added by the…

Coins

Kenyan cryptocurrency NuruCoin shuts down after losing billions of dollars in investments

by Crypto Oracle February 18, 2024

A Kenyan cryptocurrency called NuruCoin, which gained a lot of traction in the first part of 2018, has reportedly shut down after raising KES 2.7 billion, or roughly $27 million, from investors. A local daily claims that NuruCoin used a multi-level marketing…

Coins

Kenyan Parliamentary Committee Passes Crypto Tax Bill

by 'Femi Michael December 7, 2023

After being approved by the National Assembly Committee, Kenya’s Capital Markets (Amendment) Bill will be presented to the lower chamber of the parliament. National Assembly Committee's Endorsement The National Assembly’s Finance and National Planning Committee in Kenya has given its nod to…

News

INFLATION | As the Kenyan stock market becomes the worst performing in the world, the Kenyan Shilling (KES) depreciates by 21% in a single year.

by Crypto Oracle December 1, 2023

Employers in Kenya claim that between September 13, 2022, and November 22, 2023, the value of the Kenya shilling (KES) decreased by 21%. The Federation of Kenyan Employers (FKE) reported in a recent statement that the Kenyan shilling's exchange rate versus the…

News

Event [DECEMBER 6, 2023]: Latitude59 Tech Conference and Pitch Competition to Be Held in Kenya, with a Focus on Digital Assets Discussion

by Crypto Oracle November 27, 2023

Nairobi, Kenya will play host to Latitude59 Kenya Edition, a one-day technology event, on December 6, 2023. Beyond the typical conference experience, Latitude59 seeks to offer a comprehensive program that connects innovators, entrepreneurs, and important actors globally. Estonia, which bills itself as…