A Court in Nairobi, Kenya has frozen 45 bank accounts and 10 mobile money wallets belonging to Flutterwave, a Nigerian-owned financial technology firm battling multiple money laundering allegations, as scorned individuals and companies begin to queue up for billions the firm has…
According to the analysis, First Community Bank (FCB) offers the lowest loan rate among the examined commercial banks, which is 9%. The bank with the highest loan rate, however, is listed as Credit Bank, at 17.6%.
According to a recent study,…
Web3 Clubs, an initiative focused on championing Web3 developer education in Africa, officially completed its second cohort when 15 students graduated, out of which, 4 were female developers.
The cohort training kicked off in March 2023 with 20 developers onboarded to learn…
Blockchain GameFi platform, Zone, has reportedly reached 10.6 million play minutes since its global launch 9 months ago making it one of the fastest-growing platforms in Africa, Europe, Asia, and South America.
The crypto-gaming platform, which also launched in Kenya in March 2023,…
Kenya’s Ministry of Finance, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the upcoming budget year, according to a Bloomberg report citing proposals presented before the legislator.
Introduced before the Kenyan parliament on May 4, the Finance…
As fears grow about the scarcity of the US currency and its potential effects on the economy of East Africa, the Kenya Shilling has dropped to a new low of 129 Kenya Shillings (KES) against the US dollar. In the past year,…
Web3 Clubs, an initiative focused on championing Web3 developer education in Africa, has kicked off its second cohort in March 2023. The cohort seeks to train about 50 developers on how to build decentralized applications (dApps) on the Ethereum blockchain, and install…