Nairobi, March 9 -- Stablecoins, cryptocurrencies backed by physical assets, have now become the primary type used in illicit transactions the world over, putting on the line their reputation as a 'be... Read More
Nairobi, March 7 -- The number of companies allowed to offer digital credit to Kenyans has risen to 51 after the Central Bank of Kenya (CBK) licensed 19 more, intensifying competition in the lucrative... Read More
Nairobi, March 5 -- Kenya's foreign exchange reserves have dwindled back to below the $7 billion (Sh1.019 trillion) mark for the first time in five weeks, reversing an upward trajectory and signalling... Read More
Nairobi, March 4 -- The Communications Authority of Kenya (CA) has allowed the Nairobi-based arm of Indian multinational Zoho to provide electronic signature services in the country, intensifying comp... Read More
Nairobi, Feb. 26 -- Kenya's missions abroad incurred foreign exchange losses amounting to Ksh761.58 million ($5.22 million) due to rapid depreciation of the shilling during the 2022/23 financial year,... Read More
Nairobi, Feb. 26 -- The government may never recover Sh5.1 million erroneously paid to former Director of Criminal Investigations (DCI) Ndegwa Muhoro during his service as Kenya's high commissioner to... Read More
Nairobi, Feb. 26 -- Taxpayers might be forced to repay Sh170 billion loans three State-owned enterprises took after the Treasury omitted them from a list of guaranteed debt yet retained in the debt-st... Read More
Nairobi, Feb. 25 -- East Africans are still struggling to find cheap options to send money from one country to another within the region, making it one of the greatest barriers to trade and slowing th... Read More
Nairobi, Feb. 25 -- American tech giant Google is capitalising on the latest breakthroughs in artificial intelligence-powered large language models (LLMs) like ChatGPT to revolutionise search engine m... Read More
Nairobi, Feb. 24 -- African banks are abandoning plans to invest in crypto assets or use the technology, dealing a blow to hopes of the unconventional digital assets gaining acceptance in the conventi... Read More