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 – In a landmark move set to reshape East Africa’s financial landscape, Tanzanian fintech pioneer Nala has partnered with Kenya’s largest bank, Equity Group, and the continent’s leading payment infrastructure platform, PesaLink, to launch instant, low-cost cross-border transactions between Kenya and Tanzania. This tripartite collaboration marks the largest interoperability initiative in East Africa since…
Johannesburg, South Africa – South Africa’s leading financial institutions have initiated a large-scale rationalization of their ATM networks as digital payment adoption reaches record levels, according to operational plans filed with the South African Reserve Bank (SARB). The coordinated three-year reduction strategy will see 4,200 ATMs (38% of the national fleet) decommissioned by 2027, fundamentally reshaping…
Nairobi, Kenya – As East Africa braces for an economic showdown, Kenya has joined Uganda, Rwanda, and Tanzania in presenting competing budget blueprints for the 2025/26 fiscal year, collectively allocating over $58 billion to reshape the region’s economic landscape. With growth projections diverging and taxation strategies clashing, these budgets reveal how each nation plans to…
