Financial statements show the fund generated close to Sh1 billion in investment income from a pool of about Sh14.7 billion in investor funds, reflecting rising demand for low-risk and highly liquid investment products.
Financial statements show the fund generated close to Sh1 billion in investment income from a pool of about Sh14.7 billion in investor funds, reflecting rising demand for low-risk and highly liquid investment products.
Under the new approach, KRA will increasingly use financial data already available within its systems to cross-check taxpayer declarations. This includes mobile money transactions, which have become a dominant channel for payments, business activity, and income flows across Kenya.
The Central Bank of Kenya has officially approved Safaricom's request to mask customers' full names and phone numbers in Lipa na M-Pesa Till and Paybill transactions, ending a decade-long practice that left millions of Kenyans exposed to data harvesting and unsolicited marketing.
Kenya’s Central Bank has officially greenlit phone number masking for M-Pesa transactions, a landmark development that will significantly enhance data privacy and help curb fraud across mobile money platforms.
Two decades ago, 2005 marked a turning point for Kenya’s economy — from debt relief and mobile banking breakthroughs to bold moves in mining and finance, the decisions made then continue to influence the nation’s economic landscape today.
M-Pesa’s Ziidi Trader is transforming stock investing by allowing Kenyans to buy and sell NSE shares directly from their phones with minimal barriers.
M-Pesa has partnered with a UAE-based blockchain firm to introduce stablecoin payments in Kenya and other African markets, aiming to cut transaction costs and speed up cross-border transfers.