Tag: Central Bank of Kenya
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Kenya projects to cut its fiscal deficit to 3.6 percent of GDP
Kenya projects to cut its fiscal deficit from the current 5.8 percent of the gross domestic product (GDP) to 3.6 percent in the financial...
Mobile payments in Kenya down slightly in Q1
The transaction value of mobile payments in Kenya reached 1.81 trillion shillings (about 13.26 billion U.S. dollars) in the first quarter of 2023, falling...
Kenya licenses more digital lenders
The Central Bank of Kenya (CBK) has officially licensed an additional 10 digital lenders to operate in the country, bringing the total number of...
Kenya Grants Paystack PSP License
Paystack, the Nigerian-born fintech company acquired by Stripe, has secured a payment service provider license from the Central Bank of Kenya (CBK), enabling it...
Digital lenders in Kenya given ultimatum on operational licenses
The Central Bank of Kenya (CBK) has given all digital lenders up to Saturday, September 17 to apply for operational licences or risk being...
