News Kenya Central: Kenya’s Payment Squeeze, The Suspected Fake-dollar haul in Eldoret, and a Financial Trust Test We Cannot Afford to Ig;
Sendwave and Wise have restricted services for many Kenyan users; Hurupay has frozen Kenya operations; and some PayPal users have faced suspensions. In the same news cycle, police opened two safes in Eldoret containing KSh2.615 million and US$259 million in dollar-denominated notes suspected to be fake. There is no evidence the cases are connected. But they collide at one dangerous point: trust.
News Kenya Central: Kenya Central Bank Takes Ambivalent Stance on Digital Currency
The Central Bank of Kenya said "pain points" in the country's payments systems can be addressed by innovations structured around the existing ecosystem and that a central bank digital currency (CBDC) ...
News Kenya Central: Kenya: Economic Turmoil Awaits New Central Bank Governor
The new Central Bank of Kenya governorKamau Thugge brings with him a stellar résumé of previous experience in government and 25 years at the IMF. Barring any unforeseen hiccups, Kamau Thugge will ...
News Kenya Central: Kenya's central bank to hold next rate-setting meeting on Jan 26
The Kenyan central bank's Monetary Policy Committee will hold its next rate-setting meeting on Jan. 26, the bank said on Monday.
