Nairobi, Kenya – Kenya’s public debt stock decreased by KSh 41 billion in the first quarter of 2025, marking the first significant debt reduction in three years, driven primarily by the shilling’s sustained appreciation against major international currencies. According to the latest National Treasury report, the shilling’s 14% gain against the US dollar and 12% gain…
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 – The Kenyan government has initiated a groundbreaking digital transformation program to implement verifiable credentials and national digital wallets, positioning the country at the forefront of digital identity innovation in Africa. The initiative, spearheaded by the Ministry of Information, Communication and the Digital Economy in partnership with the Office of the Data Commissioner, aims…
San Francisco, USA – Global payments giant Visa has announced the integration of major stablecoins into its Visa Direct platform, enabling real-time cross-border payouts using digital currencies like USDC and EURC. This strategic move marks one of the most significant adoptions of blockchain technology by traditional financial infrastructure and could fundamentally reshape the $130 billion global…
Nairobi, Kenya – The National Assembly has approved the historic privatization of Kenya Pipeline Company (KPC), greenlighting the government’s plan to divest a 51% stake in the strategic national asset through a combination of Nairobi Securities Exchange (NSE) listing and strategic investor placement. The KSh 100 billion transaction represents Kenya’s largest privatization since the 2006 Safaricom…
