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…
Introduction: Making Money Work for You Many people ask, “How does Safaricom MMF work?” This isn’t just a technical question—it’s about trust and opportunity. How can your M-Pesa balance grow safely? This guide explains everything in simple, clear language. We will cover how MMF works, how to start, where your money goes, and how to…
Nairobi, Kenya – Tether, the issuer of the world’s largest stablecoin USDT, has announced a strategic $5 million investment in Kenyan blockchain startup Kotani Pay, marking a significant commitment to solving Africa’s last-mile financial inclusion challenges. The investment will accelerate the development of seamless off-ramp infrastructure that converts USDT to local mobile money currencies, potentially reaching…
London, UK – Digital remittance giant Zepz has launched SendWave Stablecoin Wallet, a groundbreaking mobile application that enables instant, low-cost cross-border payments across Africa using USDC and other major stablecoins. The launch represents the most significant entry of a traditional fintech player into Africa’s digital asset space and could potentially disrupt the continent’s $100 billion remittance…
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…
