money laundering Stories
During the initial trial, the Prosecution argued that the financial transactions linked to Waititu were designed to conceal illicit proceeds.
With the shilling constantly trading at an average of 129, it arguably means diaspora Kenyans are left in a tight spot while deciding whether to send...
Chief Magistrate Thomas Nzyoki has summoned Waititu to appear in court physically on Wednesday at 9:30 am after he failed to show up on Tuesday.
The previous year saw mobile money growth slow to its lowest rate in four years, largely due to a 25 per cent hike in taxes on transactions.
Rahma reported the matter to the Directorate of Criminal Investigations (DCI) at Kilimani, Nairobi, on January 2, 2025, leading to the arrest of Abdul...
M-Pesa's share is now at its lowest since the regulator began tracking market share in September 2022, when M-Pesa had a commanding 96.8 per cent shar...
The rise in subscriptions has been attributed to better network coverage, affordable smartphones, and improved mobile services.
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.
