Kenya shillings 1000 is the new minimum for CRB listing

The Central Bank of Kenya (CBK) has announced that Kenya shillings 1000 will be the new minimum threshold for negative credit information that lenders will submit to the Credit Reference…

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Fintech: Diaspora Transaction Volumes Rose To Ksh107 Billion from Ksh36 Billion

Equity’s Fintech innovation and digitization have powered rapid growth of Diaspora banking boosting the total revenue income by 38%. Diaspora transaction volumes grew by 196% to Kshs 107 Billion while…

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 Agriculture based applications beat Fintech and health Apps in demand

Pangea, an international start-up accelerator, has closed its application platform recording a total of 403 applications. Agriculture was the largest sector represented, comprising 27% of the applications. The growing interest…

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AllenHark to provide real time reports on investment to crypto-traders in new platform

AllenHark Group recently launched presales to build its AllenHark Terminal, a hardware and software subscription-based platform to provide crypto-traders with real-time data, aggregated news and trading reports to help them…

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KCB Quarter financial report: Interest cap and political tension to blame for Low interest income

Fees and commissions saw KCB Group’s total non-interest income read at Ksh 17.5 billion an increase of 18.4% against the same period in 2016. The financial institution posted a pre-tax…

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Pesalink money transfer payments solution links 2 millionth customer

  A total of 2 million bank customers have signed up for the newest money transfer service, PesaLink owned by the bankers’ umbrella body. The milestone has been achieved barely…

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ICT experts rally for a common reporting framework on ICT and development for Africa

Over 32 countries have assembled in Addis Ababa for the annual Africa review and follow up of the progress in achieving the World Summit on Information (WSIS) outcomes. The experts…

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Two East African Startups win investments in Village Capital’s FinTech for Agriculture 2015

Village Capital has announced the first winners of its innovative program, East Africa: Fin Tech for Agriculture 2015. The program supports entrepreneurs in making financial services more affordable and accessible…

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