Kenya
Mogo Kenya Fined for Unethical Practices: A Closer Look at Digital Lending in Kenya
Finance News

Mogo Kenya Fined for Unethical Practices: A Closer Look at Digital Lending in Kenya

Kenya’s competition authority has recently fined Eleving’s Kenyan subsidiary, Mogo Kenya, for misleading customers in what marks another instance of unethical practices among digital lenders in the country. The fine of $84,120, imposed by the Competition Authority of Kenya (CAK), comes after a year-long investigation and reveals the ongoing exploitation of borrowers, despite new regulations […]

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Kenyan Tech CEO Loses Appeal Against Flutterwave in $900,000 Lawsuit, Awarded $2,500 for Emotional Distress
Fintech News

Kenyan Tech CEO Loses Appeal Against Flutterwave in $900,000 Lawsuit, Awarded $2,500 for Emotional Distress

In a legal battle that has captured the attention of Africa’s tech and fintech industries, Clara Wanjiku Odero, a prominent Kenyan tech founder and CEO of Softbank-backed Credrails, lost her appeal against Flutterwave, one of Africa’s largest Fintech Giants. The case, centered on claims of emotional distress and reputational damage, culminated in a much smaller […]

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M-Pesa Launches Ratiba: A New Standing Order Feature to Simplify Digital Payments
Business Finance

M-Pesa Launches Ratiba: A New Standing Order Feature to Simplify Digital Payments

M-Pesa, Kenya’s leading mobile money service, has introduced a new payment feature called Ratiba, enabling subscribers to set up standing orders directly from their e-wallets. This move aims to streamline financial transactions and enhance the user experience, especially for those without access to traditional banking systems. A standing order allows users to automate recurring payments, […]

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Technology

Kenya’s Tech Odyssey: Africa’s Silicon Savannah is Becoming a Robotics Wonderland

In the heart of East Africa, Kenya, Africa’s “Silicon Savannah” is transforming into a burgeoning tech dynamo, earning that moniker that once had described the Konza Techno City project, but now comes to represent the greater tech and innovation movement in the country.  Beyond the rich landscapes that define this vibrant nation, are tales of […]

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Business Startups

Kenya’s ARA drops fraud and laundering allegations against Nigerian fintech Korapay

Kenya’s Asset Recovery Agency (ARA) has dropped the allegations of laundering and fraud leveled against Korapay, a Nigerian payment company (TechCabal). In July, the ARA, which is charged with identifying and confiscating proceeds of crime committed in the East African country, had brought two separate suits against Korapay and Kandon Technologies Limited, another Nigerian fintech […]

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Politics Technology

Kenya to introduce coding into primary and secondary schools curricula

Kenya’s President, Uhuru Kenyatta, announced last Friday at the State House in Nairobi the inclusion of coding as a topic in primary and secondary school curricula. With this breakthrough, Kenya becomes the first African country to recognize coding as a study subject in the two early year schools. The President also introduced the National Cybersecurity […]

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Finance Startups Technology Venture Capital

Lami, a Kenyan insurtech raises an additional $3.7m to scale offerings

Kenyan insurtech Lami Technologies set out to enhance insurance penetration in Kenya and the rest of Africa by launching its first product in 2020. It started along this route by developing and distributing an end-to-end digital insurance platform and API that enabled firms from other industries to generate bespoke insurance solutions for their consumers. With […]

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Africapitalism

Kenya’s Central Bank says Flutterwave and Chipper Cash not licensed to operate in Kenya

The Central Bank of Kenya (CBK) has said that African Fintech unicorns Flutterwave and Chipper Cash, are not licensed to operate remittances or payment services in the country. This news was disclosed Thursday by the CBK Governor Patrick Njoroge, at a press conference following a meeting of the East African nation’s apex bank’s Monetary Policy […]

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