The Central Bank of Kenya (CBK) has said payments fintech Flutterwave and Chipper Cash are not licensed to operate in…
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A current account deficit is occasioned by high spending on imports compared to export earnings.
Kenya, Uganda, and Tanzania revenues grew 30%, 24%, and 21%, respectively, compared to last year’s period, on easing of COVID-19 restrictions.
Mobile Money revenue grew by 26.5%, driven by a growth of 26.9% in East Africa and 25.4% in francophone Africa.
Kenya raised the lending rate by 50 basis points to 7.5 percent at their last meeting in May, the first increase since July 2015.
The Fund qualifies under the 2X Challenge – an initiative by the DFIs of the G7 to mobilise capital to support increased economic empowerment for women in emerging economies