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Central Bank of Kenya (CBK)

Company News

Central Bank of Kenya Cracks Down on Flutterwave, Chipper

Zintle -
The Central Bank of Kenya (CBK) says that the fintech startup, Flutterwave, is not registered to operate in Kenya. CBK governor Patrick Njoroge said, according to Business Daily, that the company, as well as Chipper Cash, are not allowed to...
Company News

Kenswitch & Absa Customers in Kenya to Use ATMs Interchangeably

Zintle -
Kenswitch and Absa have announced a partnership that will see the two financial service companies' customers access services interchangeably. The two partners say that this will allow additional access to banking services, according to Techweez. “We are delighted to welcome ABSA...
East Africa

Central Bank of Kenya Orders Banks to Ration Dollar Currency

Zintle -
The Central Bank of Kenya (CBK) has reportedly ordered commercial banks to ration dollars after a shortage in the US currency. Banks have already started imposing these rations. A number of currency traders and importers say they have imposed a...
East Africa

Safaricom Forced to Split Dividend Payouts by CBK

Jenna Delport -
The Central Bank of Kenya (CBK) has pressured Safaricom into dividing its dividend payouts in order to "shield the weakening shilling when the telecommunications firm seeks dollars for repatriation to foreign investors", reports Business Daily. Kenya's local currency has faced...
East Africa

Calls for Safaricom to Share Telco Infrastructure by Kenya Competition Authority

Jenna Delport -
The Competition Authority of Kenya (CAK) has approached Parliament with new laws that would require the country's telco's - mainly Safaricom - to share their private infrastructure on a commercial basis. “The authority’s view is that ab initio infrastructure provisions...
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RetailStaff Writer -

South Africa’s E-commerce boom: How Shein, Temu, and Amazon are shaking up the market

South Africa’s retail sector has been grappling with weak economic conditions, characterised by stagnant inflation-adjusted GDP over the past...
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