KRA to Implement New Real-Time Crypto Tax System
The Kenya Revenue Authority (KRA) is set to introduce a real-time tax system that will integrate with cryptocurrency exchanges, a move that aims to...
JP Morgan Chase Bank Gets Green Light to Open Kenyan Office
The Central Bank of Kenya has granted a permit to JP Morgan Chase Bank, a leading U.S. financial institution, to establish a representative office...
M-Pesa’s Global Footprint Expands: Kenya to Ethiopia Transfers
Safaricom has expanded its M-PESA Global service to Ethiopia, enabling customers to make mobile money transactions from Kenya to Ethiopia.
This collaboration aims to increase...
Visa Enhances Travel with Lounge Access App
Visa, a global leader in digital payments, has launched the Visa Airport Companion (VAC) app, a digital solution that provides enhanced airport lounge access...
Government to Implement Virtual Electronic Tax Registers (ETRs) for All Payment Service Providers
The Kenyan government has announced plans to introduce Virtual Electronic Tax Registers (ETRs) for all payment service providers (PSPs) in the country.
This new policy,...
Absa Group Appoints Interim CEO Amid Leadership Turnover
Absa Group has announced the appointment of Charles Russon as its interim Chief Executive Officer (CEO), effective October 15, 2024.
Mr Russon will take over...
Kenya MPs Revives Bill to Split Safaricom and M-PESA
Kenyan lawmakers have reignited efforts to separate Safaricom, the country's leading telecommunications company, from its mobile money unit, M-PESA.
This move comes despite Safaricom's opposition...
NCBA Bank Partners with NALA Payments to Boost Cross-Border Remittances
NCBA Bank has entered into a strategic partnership with NALA Payments Limited, a leading Tanzanian fintech startup, to revolutionize cross-border payments.
This collaboration aims to...
Kenya Unveils New Visa Initiatives and Digital Nomad Work Permit to Boost Tourism
President Ruto has recently announced significant new visa initiatives aimed at boosting tourism in Kenya.
Transit travelers will now be allowed to step out of...
Safaricom Increases M-PESA Account and Daily Transaction Limits to KSh. 500,000
Safaricom (NSE: SCOM) is set to increase M-PESA account limits to KSh. 500,000 following approval from the Central Bank of Kenya. The higher account limit will...