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HotForex Granted License by the Capital Market Authority (CMA) of Kenya
25.1.2022
The Capital Market Authority, CMA, of Kenya has granted the license to HotForex. This is an addition to the list of regulators who have already approved the functioning of HotForex in their respective countries. HotForex’s approval by the Capital Market Authority of Kenya further strengthens...
NFTs and DeFi overturn a banker's generational curse of poverty in 2 years
22.1.2022
"When I started, I almost gave up multiple times. I just want to help others have a more streamlined way to get into crypto," said Brenda Gentry, a former USAA mortgage underwriter
Report: Kenya Set to Scale Up Adoption of Cryptocurrencies in 2022
10.1.2022
In his Africa crypto market predictions for 2022, Marius Reitz, the general manager for Luno in Africa, has predicted that Kenya will scale up the adoption of cryptocurrencies. To support this assertion, Reitz points to Kenya’s as position as the leader in the world’s peer-to-peer...
Kenyan Businessman Accused of Defrauding Investors of More Than $140 Million
19.12.2021
Businessman and owner of a Kenyan football club, Ricardo Badoer, has been accused of fleecing more than $140 million from investors via his Aidos Kuneen cryptocurrency. Threats Against Investors According to a local report, Kenyan businessman Ricardo Badoer is being accused of defrauding investors...
Kenya Based Fintech Kwara Raises $4 Million in Seed Round
13.12.2021
A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that...
5 year study: Can token rewards improve HIV patient outcomes in Africa?
3.12.2021
A Kenyan university and a blockchain healthcare provider will join forces to study whether Africa’s HIV crisis can be helped by using crypto and blockchain technology
Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate
2.12.2021
The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education...
Kenya Central Bank Governor on CBDC: It’s About Getting It Right Rather Than Being First
22.11.2021
The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has said his institution is currently exploring the use of central bank digital currencies (CBDC) to settle cross-border payments. Njoroge however insists the bank’s priority is getting it right rather than being the first....
Report: Kenya Has Fourth-Highest Interest in Cryptocurrency Globally
13.10.2021
Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches for cryptocurrency in the last 12 months than Kenya....
Regulation Key to African Fintech Sector Growth — New Study
8.10.2021
According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries. Regulated Fintech Ecosystems Attract...
P2P Platforms, Cross-border Transactions Drive African Crypto Markets
15.9.2021
sts said, pointing to the inclusion of Kenya, Nigeria, South Africa, and Tanzania in the top 20 countries of its Global Crypto Adoption
Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours
18.8.2021
A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest’s use of exaggerated return-on-investment promises to lure...
Global Charity Organization Launches Crypto-Based Vouchers for Vulnerable Groups in Kenya, Ecuador
14.8.2021
The global charity organization, CARE, has created crypto-based vouchers that will be distributed to women and select groups in Africa and Latin America. According to CARE, these vouchers will be redeemable for goods, services or cash and linked to the needs of recipients. However, in its statement...
Akon’s Akoin pilot heralded success, eyes countrywide rollout in Kenya
4.8.2021
MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that will unveil Akoin’s national rollout across Kenya
Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows
28.7.2021
The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency...
Kenyan Remittances Surged by 20% in H1, North America and Europe-Based Diaspora Contribute Over 80%
22.7.2021
According to the latest data from the Central Bank of Kenya (CBK), diaspora remittances inflows to the country surged to $1.75 billion in the first six months of 2021. This figure represents a nearly 20% increase from the $1.46 billion recorded in the same period last year. 2021 Inflows Set...
Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance
21.7.2021
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season
Candidate for Kenyan Elections Body Says Adopting Blockchain Will Reduce Ballot Costs by 300%
19.7.2021
An aspirant to the post of commissioner with the Kenyan Independent Electoral and Boundaries Commission (IEBC) has urged the elections body to consider adopting blockchain technology. According to Justus Abonyo, a former official with the Social Democratic Party of Kenya, doing this will help Kenya...
Kenyan electoral commission nominee clamors for blockchain voting
15.7.2021
One electoral commission aspirant in Kenya has said the country should consider adopting blockchain-based voting
UN Kenyan Mission Praises Local Blockchain-Based Initiative for Helping to Reduce Poverty
25.6.2021
The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal...