The central bank of Kenya, responsible for formulating monetary policy and regulating the banking sector.
Kenya’s Central Bank is hiring for crypto compliance roles as landmark regulation nears
The CBK is hiring for four positions within its Digital Payment Services Division focused on VASPs. The roles include a manager-level position for licensing, two deputy manager roles for compliance and product approval, and a senior business analyst.
Commercial Bank in East Africa to integrate USDA Payments
Diaspora remittances in Kenya hit a record $5 billion in 2024, becoming a leading source of foreign exchange. The World Bank estimates the global average remittance cost at 6.45%, with Sub-Saharan Africa reaching nearly 8%.
Moniepoint Enters Kenya After Acquisition of Sumac Microfinance Bank
Moniepoint completed its acquisition of Sumac Microfinance Bank, securing a 78% majority stake. The acquisition was approved by the Central Bank of Kenya and the Competition Authority of Kenya.
Fintechs expanding between Kenya and Rwanda may soon need one licence
Kenya and Rwanda signed a memorandum of understanding to develop a licence passporting framework for payment service providers. The framework will allow fintechs licensed in one country to operate in the other without seeking new regulatory approval.
How M-Pesa’s new number masking feature could stop thousands of scams
The Central Bank of Kenya approved Safaricom's request to mask phone numbers during transactions. The decision marks a significant shift in digital privacy for M-Pesa users.
