Unlocking Investment Opportunities: Standard Chartered Bank Kenya’s Offshore Unit Trust Funds
Standard Chartered Bank Kenya has introduced an exciting opportunity for Kenyan investors to explore offshore…
Kenya’s Central Bank Introduces Policy to Regulate Cryptocurrency Market
Kenya is taking significant steps to regulate its cryptocurrency market. The National Treasury has unveiled a draft policy aimed at overseeing digital assets like cryptocurrencies, with a proposed budget of approximately KSh 1.82 billion. Budget Breakdown: Treasury Cabinet Secretary John Mbadi emphasized that the policy draws from international regulatory approaches, aiming to create an adaptive…
Code to Corporate: Muiaa Labs’ Hackathon Bridges Web3-Enterprise Gap
January 9, 2025 – Nairobi kenya The blockchain industry’s focus is shifting from speculative applications to practical enterprise solutions, as evidenced by Muiaa Labs’ recently announced Cypherium hackathon. The 24-hour event, scheduled for January 6-7, represented a strategic move to bridge the gap between Web3 technology and real-world implementation. “The Web3 ecosystem needs solutions that…
Muiaa Labs Launches $1,000 Cypherium Hackathon to Discover Blockchain Talent
January 9, 2025 – Nairobi, Kenya Muiaa Labs, a prominent player in blockchain development, announced its first major hackathon of 2025, offering developers worldwide a chance to showcase their skills on the Cypherium blockchain platform. The 24-hour virtual event, scheduled for January 6-7, brought together blockchain enthusiasts and developers competing for a $1,000 prize pool…
Bitcoin Poised to Stay Above $100K, Analysts Predict Stability Amid Market Fluctuations
December 22, 2024 – In the ever-volatile world of cryptocurrencies, Bitcoin continues to assert its dominance and resilience. According to leading financial analysts, Bitcoin is expected to maintain its value above the $100,000 mark in the foreseeable future, despite recent market fluctuations and economic uncertainties. A Steady Climb: Bitcoin’s Resilience in the Market Bitcoin, the…
Bank of Tanzania Launches Fintech Regulatory Sandbox to Boost Innovation
The Bank of Tanzania (BoT) has announced the launch of its much-anticipated Fintech Regulatory Sandbox. Applications for participation in this initiative will open from January 2 to January 22, 2025, marking a significant milestone in the country’s efforts to enhance financial inclusion and technological advancement. The Fintech Regulatory Sandbox provides a controlled environment where financial…
Chamas in Kenya: Driving Grassroots Economic Empowerment
A chama, derived from the Kiswahili word for “group,” is a self-help initiative that operates on the principles of collective saving and investment. These informal cooperatives have become a powerful financial tool, empowering individuals and communities across Kenya. With origins tracing back to the 1960s, chamas have evolved significantly, transitioning from simple savings groups into…
The Chama Revolution: Kenyan Banks Targeting Investment Clubs
In Kenya’s vibrant financial ecosystem, chamas, or informal investment clubs, have emerged as powerful tools for wealth creation. These groups, traditionally formed by friends, families, or colleagues, pool resources for collective investment. While chamas started as simple savings initiatives, their growing influence has now captured the attention of major banks and financial institutions. From Informal…
BIT Mining Invests $14.3M in Ethiopia to Expand Bitcoin Mining Operations
BIT Mining, a technology-driven cryptocurrency mining company, announced plans to acquire a substantial mining operation in Ethiopia. The deal, worth $14.3 million, involves the purchase of 51 megawatts (MW) of Bitcoin mining capacity and 17,869 mining machines. This strategic investment comes at a time when BIT Mining is navigating declining revenue and shifting its focus…
