The survey, published in December 2024, found that nearly half of insurance customers (44.1 per cent) skipped premium payments.

The CBK has supported this shift by granting approvals to Safaricom, Telkom Kenya, and Airtel Kenya to raise daily transaction and account limits.

The annual report tabled before parliament further notes that this is worsened by advancement in technology that further complicates the traceability...

Arita, a seasoned financial expert, outlined his plans to establish a dedicated team within CBK focused solely on addressing these issues.

Airtel's policy change allowed users to receive funds directly into their e-wallets without being compelled to withdraw within a week or risk having t...

Safaricom CEO Peter Ndegwa said the performance remains strong amid the headwinds in the Ethiopian business.

Data from the report shows a significant surge in the number of transactions flagged as potentially linked to money laundering, underscoring a worryin...

The proposed tax changes would likely lead to increased charges for these services, impacting millions of users.

The latest report by Kenya's most funded fintech, M-Kopa, for instance, indicates that the demand for loans has surged.

Munyakho has been on death row in Saudi Arabia for over a decade after being convicted of killing a Yemeni national, Abdul Halim Mujahid Makrad Saleh.

Ramaphosa, a wealthy businessman before he became president, has repeatedly denied wrongdoing.

The addition of M-Pesa Ratiba reaffirms Safaricom's commitment to its vision of transforming lives.

The bill seeks to force telcos to separate their mobile money services—M-Pesa, Airtel Money, and T-Kash—from voice, data, and SMS offerings.

CBK said the proposed go-live date for the new guideline will be September 30, 2024, as per the revised plan.

Binance, the world's largest cryptocurrency exchange, also faces separate accusations of tax evasion.

According to a statement from the Treasury, the regional gathering honoured the 25th anniversary of efforts to combat money laundering and terrorism f...

The growth is mainly attributed to the upsurge in mobile money transactions and increased diaspora remittances in the period under review.

Germany has two prominent currency printers, Bundesdruckerei GmbH and Giesecke+Devrient GmbH, and it is not clear whether either of these companies wa...

The accused, some of whom own companies linked to the case, were accused of fraudulently acquiring the Sh301,908,000 on diverse dates between July 1,...

This outbreak is just one of many health threats in the region, alongside cholera, measles, meningitis, and plague, all exacerbated by severe flooding...