Kenya

New Kenyan Legislation Mandates Local Presence for Digital Asset Companies

2 months ago

In a significant move aimed at regulating the burgeoning digital asset industry, the Kenyan government has introduced draft legislation requiring all companies dealing with digital assets to establish a physical office within the country. The proposed law, currently pending approval, is part of Kenya's broader strategy to ensure better oversight of cryptocurrency transactions and other digital financial services.

Kenya Moves to Tighten Social Media Regulations in Response to Backlash Against President Ruto

3 months ago

In an alarming shift towards increased government control, Kenya has announced plans to impose stricter regulations on social media platforms amid rising public dissent against President William Ruto's administration. This initiative is seen as a response to growing tensions as citizens express their frustrations over various political and economic issues through digital platforms.

Private Equity Firms Hire Nedbank to Seek Buyer for Kenya-Based Candy Maker Stake

3 months ago

In a strategic move indicative of the growing interest in Africa's consumer market, private equity firms are enlisting the services of Nedbank to identify buyers for a stake in one of Kenya's prominent confectionery companies. This development is part of a broader trend where private equity firms are increasingly recognizing the potential of African businesses in the global market.

Kenya's Leading Wireless Company Engages in Groundbreaking Discussions with Musk’s Starlink

6 months ago

According to sources, Kenya's largest wireless telecommunications company is in active discussions with Elon Musk's satellite internet provider, Starlink, on possible strategic partnerships and technology integrations that will help extend the reach of internet connectivity throughout the East African nation.

Kenya's Central Bank Delays Put Secondary Bond Trading in Limbo

6 months ago

A development that has sent shockwaves in the financial sector includes the halt of bond trading in Kenya's secondary market, delays that have been blamed on the country's central bank. The freeze in activity indeed caused an unprecedented dent in the investment environment of East Africa's nation, raising a number of concerns among investors and financial experts alike.