Nairobi, Kenya – The Kenyan government has unveiled a comprehensive plan to dramatically reduce transaction fees across digital payment platforms, mobile money services, and banking channels in a bold move to drive financial inclusion and stimulate economic activity. The reforms, announced by the National Treasury in collaboration with the Central Bank of Kenya (CBK), target reducing…
Nairobi, Kenya – Sub-Saharan Africa has solidified its position as the world’s third-fastest growing cryptocurrency market, recording a 125% year-over-year increase in digital asset adoption despite macroeconomic challenges and evolving regulatory landscapes. According to the 2025 Chainalysis Global Crypto Adoption Index, the region now trails only Southeast Asia and Latin America in grassroots cryptocurrency integration, with…
Nairobi, Kenya – A KSh 17.7 billion (£100 million) UK-backed investment fund is set to be released Kenya’s startup ecosystem, aiming to back 500 high-growth ventures over the next five years. Dubbed “Ukumbi” (Swahili for “platform”), this initiative represents the largest country-specific startup fund in East Africa, but comes with strings attached that could reshape…
Nairobi, Kenya – In a development that could cost Kenya’s economy up to $3.2 billion annually, the European Commission has formally recommended adding Kenya to its list of high-risk jurisdictions for money laundering and terrorist financing. This “grey listing” – if approved by the European Parliament – would place Kenya alongside countries like South Africa…
Nairobi, Kenya – World Bank report has cited that systemic governance failures – not just technical or market factors – are the primary driver behind Kenya’s persistently high electricity costs, which remain 42% above the African average despite the country’s abundant renewable energy resources. The findings come as Kenyan households and businesses grapple with power…
