Kenya Archives

Africa: Blockchain startups sees 429% surge in funding in 2022

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27 April, 2023

Africa: Blockchain startups sees 429% surge in funding in 2022

A new report reveals that Africa was the region with the highest growth in blockchain funding, with KuCoin and Scroll.io...

Kenya views digital currencies as securities under incoming legislation

Business

Wahid Pessarlay

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14 April, 2023

Kenya views digital currencies as securities under incoming legislation

Under the new bill, digital currencies can only be introduced to the Kenyan market if the assets underwent product development...

LocalBitcoins: P2P BTC marketplace shutting down, blames ‘very cold crypto-winter’

Business

Steve Kaaru

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13 February, 2023

LocalBitcoins: P2P BTC marketplace shutting down, blames ‘very cold crypto-winter’

LocalBitcoins was one of the pioneers of P2P digital asset trading and introduced many to the industry, but it chose...

East Africa to set up common central bank in its march toward single currency

Business

Steve Kaaru

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25 January, 2023

East Africa to set up common central bank in its march toward single currency

The decision on where to set up the East African Monetary Institute will be made this year, as the region...

Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review

Business

Steve Kaaru

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4 January, 2023

Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review

Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia...

Africa must regulate the digital asset industry, IMF says

Business

Steve Kaaru

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1 December, 2022

Africa must regulate the digital asset industry, IMF says

IMF says Africa stands at great risk if it fails to rein in its Bitcoin industry—the fastest growing globally—especially for...

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

Business

Steve Kaaru

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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

Business

Steve Kaaru

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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

Business

Steve Kaaru

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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

Business

Steve Kaaru

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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

Tech

Steve Kaaru

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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

Business

Steve Kaaru

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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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