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August 02, 2023
Kenya: Wetang'ula Tasks Ichung'wah to Seek Answers on Data Mined By 'Worldcoin'
The National Assembly has instituted a fact-finding quest on the operations of Worldcoin, an American crypto firm, amid concerns over irregular data mining in the country. Read more »
Kenya: Capital Market Authority Warns Worldcoin Not Licensed to Operate in Kenya
The Capital Market Authority (CMA) is warning Kenyans that Worldcoin is not registered in the country. Read more »
Kenya: Cabinet Secretary Mutua Urges Kenyans Not to Be Used as Guinea Pigs in World Coin Cryptocurrency Project
Foreign and Diaspora Affairs Cabinet Secretary Alfred Mutua has urged Kenyans not to be used as Guinea Pigs in World Coin cryptocurrency project. Read more »
Kenya: Police Deployed to Disperse Hundreds Queuing for World Coin Data Collection
Police have been deployed to disperse hundreds of Kenyans queuing in various parts of Nairobi Central Business District (CBD) for the World Coin data collection. Read more »
Kenya: Govt Suspends World Coin Activities in Kenya
The government has suspended all activities associated with the cryptocurrency project WorldCoin in Kenya until risks to the public are assessed. Read more »
May 31, 2023
Kenya: Central Bank Governor Disputes Dollar Bond Will Mop Up Excess Cash
The Central Bank of Kenya (CBK) Governor Patrick Njoroge has said that the dollar bond will not mop up excess American currencies. Read more »
May 30, 2023
Kenya: CBK Governor Nominee Thugge Roots for Issuance of Locally Sold Dollar Denominated Bond
Central Bank of Kenya (CBK) Governor nominee Kamau Thugge is proposing the issuance of locally sold dollar denominated bond with the government offering good rate to aid liquidity. Read more »
May 29, 2023
Africa: President Ruto Says Over Reliance on Dollar Affecting Trade
President William Ruto has urged African countries to adopt local currencies as modes of payment to boost trade. Read more »
April 14, 2023
Kenya: DP Gachagua Cautions U.S. Dollar Hoarders
Deputy President Rigathi Gachagua has cautioned financial speculators hoarding dollars to release them or prepare for losses. Read more »
March 23, 2023
Kenya: CBK Tightens Foreign Exchange Rules for Banks
The Central Bank of Kenya (CBK) has introduced a forex code for commercial banks that aims to improve transparency in the wholesale foreign currency market in Kenya. Read more »
March 22, 2023
Kenya: President Ruto Says Dollar Demand Will Ease
President William Ruto expects dollar demand in the country to ease as the government plans to import fuel in Kenya shillings. Read more »
January 16, 2023
Kenya: Shilling Hits Historic Low of Sh124 Against the Dollar On High Demand
The Kenya shilling sank to a historic low of Sh124 against the US Dollar on Monday, coming at a time when Kenyans in the diaspora are sending record amounts of money back home… Read more »
October 03, 2022
Kenya: CBK Clarifies on Lack of Foreign Exchange Reserves Claims By DP Gachagua
The Central Bank of Kenya (CBK) has issued a clarification on the state of foreign exchange reserves in the country. Read more »
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