Kenya

Roam, M-Kopa top Kenyan firms on FT Africa’s fastest-growing companies list

Three Kenyan startups—Roam Electric AB, M-KOPA Holdings Ltd, and Victory Farms Ltd—have been named among Africa’s fastest-growing companies in the…

2 days ago

Onafriq appoints former PPRO chief Simon Black as board chair

Onafriq, a pan-African digital payments network, has named Simon Black as chair of the board of its UK holding company…

3 days ago

Kenyan edtech Craydel expands to Rwanda, taps Nigerian talent in Pan-African push

Craydel, a Kenyan edtech that helps students apply to universities abroad, has launched in Rwanda and is expanding its Nigerian…

3 days ago

Why Kenyans are using mobile money more but sending less

The value of mobile money transactions in Kenya dropped sharply over the 12 months to February 2025, falling by 19.6%…

4 weeks ago

Tala lays off 28 staff as loan defaults and customer queries fall

Digital lender Tala has laid off 28 employees from its customer operations team, citing a reduced workload due to fewer…

1 month ago

Kenyan digital lender Whitepath fined $2,000 for unlawful data use in second privacy violation

Kenya’s Office of the Data Protection Commissioner (ODPC)  has fined digital lender Whitepath KES 250,000 ($2,000) for violating data privacy…

2 months ago

Safaricom, Kenyan commercial banks propose Pesalink for national payments overhaul

Safaricom and the Kenya Bankers Association (KBA) have proposed that Pesalink become the preferred next-generation fast payment system (FPS) in…

4 months ago

Safaricom’s M-Pesa to join Pesalink as Central Bank plans new payment system

Safaricom’s M-Pesa is set to join the Pesalink network, which could significantly reshape Kenya’s digital payments landscape. In a proposal…

4 months ago

M-KOPA appoints former Nokia CEO Rajeev Suri as new board chairman

M-KOPA Holding, a Kenyan startup that offers financing for smartphones and solar systems, has appointed former Nokia CEO Rajeev Suri…

7 months ago

Chowdeck “looking at” South Africa and Kenya for possible expansion

Chowdeck, a Nigerian YC-backed food delivery platform, could consider expanding to South Africa, Kenya, and Ivory Coast.  “We are still…

7 months ago

Kenyan parliament pushes for Safaricom, M-PESA split

Kenyan lawmakers have revived the 2022 Information and Communications (Amendment) Bill, which seeks to split Safaricom, the country’s biggest telco…

8 months ago

Electric motorcycle maker Ampersand raises $2 million to expand in East Africa

Ampersand, a Rwandan electric motorcycle manufacturer, has raised a $2 million Series A extension to expand to other East African…

9 months ago

PrivPay shutdown after Safaricom cut API access over compliance violations

PrivPay, a Kenyan fintech that allowed customers to make M-PESA transactions without revealing their personal details, shut down in May…

9 months ago

Mobius, maker of low-priced SUVs for startups, to shutdown

Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has entered a voluntary liquidation after efforts to rescue the company…

10 months ago

Kenya to issue payment licences: Flutterwave, Chipper Cash could be first in line

The Central Bank of Kenya (CBK) plans to issue payment licences to fintech startups soon, an important softening of an…

11 months ago

Exclusive: Caantin expands into US after two rebrands and layoffs

Caantin, the Kenyan startup that was formerly called Kibanda and then TopUpMama, has led many lives. Backed by Ventures Platform…

11 months ago

Kenya data analytics startup Gro Intelligence shuts down

Months after the board of the agricultural data platform Gro Intelligence replaced CEO and founder Sara Menker, the New York…

11 months ago

Tanzania targets predatory loans: Central Bank excludes unlicensed apps

Tanzania’s Central Bank will no longer allow unlicensed digital lenders to operate in the country and has told customers to…

1 year ago

Roam secures financing deal with Mogo to grow electric motorcycle adoption

Roam, a Kenyan-based electric mobility company, has secured a partnership with Mogo, an asset financier in East Africa, to boost…

1 year ago

Crackdown on unlicensed companies cuts digital creditors in Kenya to 51

Before consumer protection laws were passed, any lender could run a digital credit business. Kenya has approved the operation of…

1 year ago