Rwanda and Kenya Sign Deal To Allow Licensed Fintechs To Operate In Their Countries
- Rwanda and Kenya signed the Kigali Declaration on Fintech License Passporting.
- The agreement allows fintech firms to operate across borders without starting paperwork from scratch.
- The deal was signed at the Inclusive FinTech Forum 2026 by BNR Governor Soraya Hakuziyaremye and CBK Deputy Governor Gerald Nyaoma.
The Kigali Declaration represents a significant step towards fostering a more integrated fintech ecosystem in East Africa. However, the success of this initiative will heavily depend on the ongoing collaboration between Rwanda and Kenya to align their regulatory frameworks, particularly concerning AML and data privacy standards. This could set a precedent for other African nations to follow.
