M-KOPA Launches Operations in Ghana, Marking a Significant Milestone in Pan-African Expansion

M-KOPA, a leading asset financing platform, has officially launched its operations in Ghana, marking a significant milestone in its Pan-African expansion strategy. The company’s foray into the Ghanaian market stems from a successful pilot phase and aligns with its mission to provide financial and digital inclusion for underbanked customers across the continent. M-KOPA’s initial focus…

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Crypto trading to be taxed in New bill

Kenya is set to start taxing cryptocurrency trading after the National Assembly’s Finance and National Planning Committee approved the publication of the Capital Markets (Amendment) Bill. The proposed bill seeks to introduce taxation of crypto exchanges, digital wallets, and impose transaction taxes akin to excise duty charged on bank transactions. The proposed amendment bill allows…

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Kenya Extends $8.48 Million World Bank-Supported Grants to 150 Small and Medium-Sized Enterprises

In a concerted effort to boost the growth and competitiveness of the Kenyan industrial sector, the government has commenced the disbursement of 1.3 billion shillings (approximately $8.48 million) in World Bank-supported grants to 150 small and medium-sized enterprises (SMEs). Juma Mukhwana, the principal secretary in the State Department for Industry, announced the initiative during a…

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Mastercard Partners with Bidvest Bank to Launch Bidvest Bank BidSend for Seamless International Remittances

Mastercard and Bidvest Bank have joined forces to introduce Bidvest Bank BidSend, a solution that revolutionizes international remittances for South African customers. Powered by Mastercard’s cross-border services, this real-time payment network enables users to send money to over 103 countries, offering flexible payout options including cash, mobile wallet, or bank account. “At Mastercard, we are…

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Ecommerce Marketplace Bigstore.africa Secures Angel Funding, Announces Platform Launch

Kenyan ecommerce company Bigstore.africa has secured an undisclosed investment in its recently completed angel funding round. The funding marks a significant milestone for the company, paving the way for the launch of its unique marketplace platform. Bigstore.africa is poised to revolutionize the Kenyan retail landscape by offering a centralized platform for customers to purchase a…

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Kenya Commercial Bank (KCB) Group Honored as Best Bank of the Year and World’s 6th Strongest Banking Brand

Kenya Commercial Bank (KCB) Group has been recognized for its exceptional performance and contributions to the banking sector by the Banker Magazine, a leading financial publication based in the United Kingdom. At a prestigious gala dinner held recently, KCB Group was named Best Banks of the Year, solidifying its position as a leading financial institution…

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Equity Bank’s Digital Banking Dominates Transactions with over Ksh, 7 trillion

Equity Bank’s digital banking platforms have experienced explosive growth, surpassing Ksh. 7 trillion in transactions, compared to just over Ksh. 2 trillion for legacy banking channels. This surge is highlighted in the bank’s recently released Q3 2023 results. The bank attributes this growth to the widespread adoption of self-service channels, which accounted for 98% of…

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