Kenya

AAR Insurance Partners With Safaricom to Migrate to AWS Cloud

AAR Insurance has inked a deal with telecommunications provider Safaricom to roll out new technology infrastructure based on the Amazon Web Services (AWS) as part of its goal to be a full digital insurance company. The medical underwriter has begun

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South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs

In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This burgeoning industry has been driven by strong demographic indicators, increased connectivity, early regulation, and proactive governments. South Africa: an early

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Mobile Money Boom Lays Foundation for Fintech In Kenya

Home to over 150 fintech companies, Kenya has one of the biggest and most developed fintech ecosystems in the African continent, owning to the proliferation of mobile phones and the rise of mobile money. Similarly to other developing markets, Kenya’s

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Fintech Attracts Lion’s Share of 2020 African Tech Funding

Fintech funding in Africa jumped 49.3% in 2020 to US$160 million. The amount was raised by 99 fintech startups, making fintech the dominant tech sector of 2020, a new report by regional startup news and research portal Disrupt Africa found.

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Kenya Central Bank Outlining Open Banking Ambitions

The Central Bank of Kenya (CBK) has released a draft document outlining a five-year digitalization plan to modernize the country’s domestic payment landscape. The document, titled Kenya National Payments System Vision and Strategy 2021 – 2025 and released in December

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3 Barriers European Fintechs Face Around Working with Refugee Populations

Refugees in Europe are struggling to access basic financial services, and though this would have typically represented an opportunity for fintechs, companies in the space are facing major barriers that are hampering their ability to adequately serve these underbanked populations,

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Why Are 80% of Central Banks Looking into Digital Currencies?

In 2019, 80% of central banks were engaged in work related to central bank digital currency (CBDC), compared with 70% the previous year. Amongst these, 40% had progressed from conceptual research to experiments or proofs-of-concept, and 10% had developed pilot

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Standard Chartered Launches Second Wave of Digital-only Banks Across 4 African Markets

Standard Chartered today announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key

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