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News

Kenyan Fintech Firm Boya Launches Virtual Visa Expense Card to Empower Local Businesses

by Terry Kunle August 1, 2023

Boya, the innovative Kenyan fintech firm, has unveiled its cutting-edge virtual Visa expense card, a pioneering product aimed at revolutionizing expense management for local businesses. The card was launched in collaboration with VISA and Diamond Trust Bank (DTB) to provide a comprehensive…

News

Flutterwave Turns its Attention to Rwanda Despite Persistent Problems in Kenya, the East African Hub

by Ridwan Ridwan July 9, 2023

As it looks to develop a central hub for payment operations in the East Africa region, Flutterwave is shifting its focus to Rwanda, according to sources. Oluwabankole Falade, the Chief Regulatory and Government Relations Officer of Flutterwave, reportedly stated the company's commitment…

The role of cryptocurrencies in sub-Saharan Africa

by Dekunle Crypto July 1, 2023

Even while only 2% of all cryptocurrencies' value is spent on the African continent, their explosive growth will change how money is spent in a sub-Saharan Africa that is becoming more urban and digital. In fact, according to a recent research by…

Industry

Cryptocurrency Trading in Africa: Strategies for Success in a Dynamic Market

by Crypto Oracle June 26, 2023

Cryptocurrency trading has gained significant traction in Africa as more individuals recognize the potential for financial growth and investment opportunities in the dynamic digital asset market. However, navigating this rapidly evolving landscape requires a strategic approach to maximize potential returns while managing…

News

Following successful tests in Kenya, Mozambique, and Nigeria, World Mobile will provide decentralized wireless mobile technology.

by Ridwan Ridwan June 19, 2023

To reward network node operators, the company uses the World Mobile Token ($WMT). The CEO of World Mobile revealed exclusively to BitKE that the Cardano blockchain is the foundation for the currency. The owner of a decentralized wireless (DeWi) network, World Mobile,…

Industry

Kenyan court freezes 45 bank accounts of Flutterwave

by Terry Kunle June 15, 2023

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…

News

Here is a list of Kenya’s most affordable and priciest banks as of 2023.

by Ridwan Ridwan June 13, 2023

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,…

News

15 Ethereum Smart Contract Developers Graduate from Kenya’s Web3 Clubs

by Terry Kunle June 13, 2023

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…

News

Kenya Country Representative Reveals Algorand’s GameFi Platform, Zone, Achieves Remarkable Milestone with 10.6 Million Users Within a Month of Global Release

by Terry Kunle May 16, 2023

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,…

News

Kenya Proposes 3% Tax For Cryptocurrency And NFTs Transfers

by Terry Kunle May 5, 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…