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Kenya

BIS: African central banks pushing for CBDCs, but their motivation differs from other regions
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30 November, 2022

BIS: African central banks pushing for CBDCs, but their motivation differs from other regions

Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks...
Kenya to tax 4 million digital asset owners under new bill
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26 November, 2022

Kenya to tax 4 million digital asset owners under new bill

The Capital Markets (Amendment) Bill will be the first law to govern the digital asset industry and will impose taxes...
Kenya digital currency-friendly fintech Flutterwave and Chipper Cash operating illegally: central bank
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5 August, 2022

Kenya digital currency-friendly fintech Flutterwave and Chipper Cash operating illegally: central bank

The bank says that the two firms never acquired the licenses to serve Kenyans, even as Flutterwave gets caught in...
Morocco is scrapping its ban on digital currency as adoption soars
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8 July, 2022

Morocco is scrapping its ban on digital currency as adoption soars

Morocco banned digital assets back in 2017, but the locals have continued to explore Bitcoin, and today, only Nigeria, South...
Kenya’s largest power producer lures block reward miners with geothermal energy
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8 June, 2022

Kenya’s largest power producer lures block reward miners with geothermal energy

KenGen PLC is luring miners with cheap geothermal energy and claims it has already been approached by a number of...
Equity Bank Kenya CEO: Digital currencies can complement mobile money
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25 May, 2022

Equity Bank Kenya CEO: Digital currencies can complement mobile money

The CEO of Equity Bank Kenya said that commercial banks need to convince regulators of the benefits of digital currencies...
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