The Central Bank of Kenya has issued digital credit providers' licences to 12 more lenders in the digital loans market, taking the number of licensed digital lenders to 22.
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Kenyan fintech, Kwara has secured a $3 million seed extension to digitise more credit unions in the East African country.
Starting February 2023, Google will charge Kenyan users a 16% VAT on ads following local tax regulations.
Following investigations by Kenyan authorities, Nigerian fintech startups, Kora and Kandon have been cleared of money laundering allegations.
Kenyan logistics startup, Sendy has secured undisclosed funding from MOL PLUS Co., Ltd.
Social media companies including Facebook, Twitter and TikTok have been modifying their platforms to avoid the spread of misinformation.
TikTok has launched an in-app guide to enable access to factual and authoritative information ahead of Kenya's general elections in August.