Kenya

Sub-Saharan Crypto Adoption 2023-2024: At A Glance

Adoption / Leave a Comment

  Sub-Saharan Africa is rapidly becoming a hotspot for cryptocurrency adoption, with countries like Nigeria, Ethiopia, Kenya, and South Africa leading the charge. According to the latest reports from Chainalysis, the region saw an estimated $125 billion in on-chain value between July 2023 and June 2024, marking a $7.5 billion increase compared to the previous […]

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Kenyan Revenue Authority Announces Real-Time Tax System For Crypto

Kenya / Leave a Comment

Bold move as Kenya Revenue Authority (KRA) announces real-time tax system for cryptocurrency transactions. This system aims to monitor and record transaction details such as the date, time, type and value of each transaction. The goal is to improve tax collection efficiency and address revenue losses due to the lack of a robust system for

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Kwara, Kenyan Fintech Providing Digital Banking Solutions to the Unbanked, Secures $3m Funding and Distribution Deal

Kenya, Startups / Leave a Comment

  Kenyan start-up, Kwara, is set to scale even further after reportedly securing an additional $3 million in funding and signing exclusive distribution deal. The company, which has doubled its number of clients in the past year, has now raised a total of $7 million with this latest round of funding.  Kwara has also signed

Kwara, Kenyan Fintech Providing Digital Banking Solutions to the Unbanked, Secures $3m Funding and Distribution Deal Read More »

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African Fintech Is Trending

Investments / Leave a Comment

  The African fintech ecosystem continues to expand, despite global economic challenges. As an investment segment, the fintech industry made up more than 25% of all venture capital rounds in the last few years, with South Africa joining other regional leaders, such as Egypt, Nigeria and Kenya. Out of the nine notable tech unicorns in

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Original Article By: https://www.bizcommunity.com/Article/196/727/234740.html

East Africa: Environmentally Minded Bitcoin Mining Company “Gridless” Acquires $2m for East African Expansion Drive

Investments, Mining / Leave a Comment

  Gridless is a company involved in rural electrification and community projects in Kenya and has acquired $2m to expand into other East African markets. Jack Dorsey’s Block Inc is part of the companies that have contributed to the funding round for the bitcoin miner. Gridless, an environmentally minded bitcoin mining company in rural Kenya, has

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Original Article By: https://thisisafrica.me/politics-and-society/bitcoin-gridless-acquires-2m-for-east-african-expansion/

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