[Kenya] CBK Licenses 7 More Digital Credit Providers

The Central Bank of Kenya (CBK) has issued operating licenses to 7 new Digital Credit Providers (DCPs). This now brings the total number of licensed DCPs in Kenya to 58.

The new credit providers licensed are UbaPesa,?Stride Credit, Senti Capital, Progressive Credit, Payablu Credit, Mogo Auto and Mint Credit.

CBK says it has engaged other regulators and agencies pertinent to the licensing process, including the Office of the Data Protection Commissioner. Read more.

Access Now condemns recent internet disruption in Kenya

Access Now and the #KeepItOn coalition have condemned the the recent disruption of internet access and increased crackdown on the people of Kenya amid protests over the controversial Finance Bill 2024.

In a statement, the two said the disruption was a major step backwards for Kenya, which has previously been an important stronghold against shutdowns in the region. Read more.

Fintech firm Pyypl joins forces with Visa to drive financial inclusion in Africa

Pyypl, the Middle East and Africa (MEA) fintech has announced a partnership with to?issue virtual and physical Visa cards through its mobile application, directly to its users.

Pyypl said in a statement on Monday that the agreement further recognises the licence approval process in other markets that it is entering.? Read more.

dLocal secures remittance services partnership with KCB Bank

dLocal KCB Partnership: More than a year after securing payment service provider licences from the Central Bank of Kenya (CBK) Uruguayan-born payments company dLocal has now finalized a partnership agreement with the Kenyan Commercial Bank (KCB).

KCB Bank’s approval of dLocal’s submission for a money remittances flow allows the free flow of money wire transfers through the country’s official banking system. Read more.

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Also read:

• List of startups selected to join Standard Chartered Women In Tech Ksh22m programme
• BYD and Ampersand to collaborate on electric motorcycles in Africa
• Visa Cardholders: How to win a fully paid trip to experience the Paris Olympics 2024

NCBA sets an ambitious plan to push for EV adoption in Kenya

NCBA has been at the forefront in pushing for Electric Vehicle (EV) adoption in the country. Last year, the bank announced a KES 2 billion fund targeting customers looking to purchase personal and public electric vehicles.?

While announcing the fund, NCBA Group CEO John Gachora said: “This shift towards greener transportation promises not only a cleaner environment but also job creation, skills development, and modernization of Kenyan industries. NCBA recognizes this importance and is committed to financing these sustainable mobility solutions.” Read more.

[Interview] Africa Data Centres’ Wabo Majavu on local innovation the state of data centres in Africa

Wabo Majavu is the Executive Strategy and Business Operations at Africa Data Centres . Based in South Africa, Wabo is a leader and tech enthusiast passionate about: Girls in Tech, Energy and Sustainability and the Transformation of leaders in a digital era.?

In this interview, she talks about how local innovation and accelerated economic growth for a connected Africa will require: Diversity in our leaders, listening to the voices of our youth and securing reliable and sustainable energy sources for our digital infrastructure. Read the full interview here.

?|2024|TechTrends Media Ltd |

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